<prompt> Human: Ive gotten to a point where I want to start contributing to my savings account. I have a checking and savings account through Bank of America. I dont have much saved so I was hoping to move that to a savings account with Ally to gain a little bit more interest. And keep contributing to an Ally savings account while I close out the savings with BofA. Are there any disadvantages in doing so? I understand Ill be losing overdraft protection. But Ive never been in that situation before so Im not too worried about it. Any penalties or anything? Thanks!  <response>: When you transfer money, initiate the transfer from Allys side. They dont have fees to pull money from other banks, but other banks may have fees to send money out. Just make sure to change bill payments to pay out of your new account. Ally has overdraft transfer, so if your checking acct will go negative, itll pull from your savings. 