Things to know about Ally Bank

Introduction: Things to know about Ally Bank

Ally Bank has a long history of providing customers with high-quality, low-cost banking products and services since 1907. We continue to offer a diverse lineup of savings, checking, money market and CD accounts that allow you to earn interest on your money — you can even open an Ally Visa® credit card if you prefer debit cards. In addition, we’re constantly innovating to meet the needs of our customers in today’s digital age.

Low Rates

  • interest rates are low
  • why interest rates are low
  • what to do if you need to earn more interest
  • how to earn more interest

You may be wondering why interest rates are so low. The answer is that the Federal Reserve has been keeping them low to stimulate the economy and help it recover from the financial crisis of 2008. For example, if you have a savings account at Bank of America, you’ll likely earn 2% per year on your money (or less). That’s pretty good when compared with most other banks’ offerings—but for those who want even more money back in their pocket each month, there’s always the option of opening an investment account like those offered by Vanguard or Fidelity Investments.

If you want to earn more interest on your savings accounts but don’t want any risk involved in making investments (and aren’t sure how much risk really exists), then consider using tax-advantaged retirement accounts such as 401(k)s or 403(b)s as part of a portfolio strategy 

Your money should be earning interest. And the best place for your money to be earning interest is at Ally Bank. Our online savings accounts are consistently among the most competitive in the country — without requiring a minimum balance to earn interest and without charging monthly maintenance fees.

Things to know about Ally Bank
  • low rates
  • online application process
  • special offers
  • internet banking login process

Ally Bank provides you with a wide range of products and services that help make managing your money easier. We offer savings accounts, checking accounts, credit cards and more. Whether you want to save money or earn interest on your deposit, we’ve got the account for you!

Make sure your funds are earning the most possible interest by opening an account today at! 

 If you’re looking for a convenient way to manage your finances, look no further than an Ally Bank checking account. We offer checking accounts with no monthly fees and no minimum balance requirements so that you can keep more of your hard-earned money in your pocket.

Online Application Process

  • log into your online banking account
  • click on the “Apply Now” button
  • enter your personal information
  • answer the security questions
  • click on the “Submit” button

Once you’re logged into your online banking account, click on the “Apply Now” button.

You will then be prompted to enter your personal information and answer the security questions.

Once all of this has been verified, click on the “Submit” button and your application will be processed within 24 hours!

Ally’s Bank online application process is quick, easy and secure. Here’s a handy guide to walk you through the steps.

  • go to the Ally Bank website
  • click on the “Open an Account” button
  • select the type of account you want to open
  • enter your personal information
  • confirm your identity
  • select a username and password
  • review and submit your application

To get started, visit the Ally Bank website and log in with your credentials. Click on the “Open an Account” button above the menu bar at the top of your screen.

Next, select what type of account you want to open from our list of available products:

  • Personal Loan (up to $20k) – This is a loan that is secured by your property and cash reserves such as stocks or bonds. It’s typically used for home improvement projects and other large purchases like cars or appliances; however this is ultimately up to you! You can check out all eligible loans here:
  • Home Equity Line Of Credit (HELOC) – This allows borrowers access to funds tied directly onto their primary mortgage but over time borrowers have more flexibility when borrowing than they would if only taking out a traditional HELOC because they can draw down their equity line whenever needed without having any prepayment penalties applied during each drawdown period time frame
Things to know about Ally Bank

Special offers

  • $10 off your first order.
  • Every day, get $5 off your first order with the code “newbanker” when you sign up for an account.

If you’re not a Bank of America customer and want to sign up for a new account, use the Promo Code “newbanker” when you apply. You can also get $125 in cash back from American Express.

The card is designed for people with good credit, and it comes with an introductory offer of $125 in cash back. You can get the bonus after spending $1,000 in purchases on your new Card within the first 3 months of account opening.

Ally’s Bank recently had an offer of 1.90% APY on our High Yield Savings Account that lasted for more than a year and we currently offer up to 0.60% APY on our 12-Month Raise Your Rate CD*. This page has information on all of our special offers.

  • list of special offers
  • list of special offers with details
  • list of special offers with links to more information
  • You can apply online at [Ally Bank website](https://www.Ally and select the “Apply Now” button to be redirected to their website.
  • If you don’t have a computer or mobile device, you may call 1-888-568-0186 to speak with an agent about applying for an application online. You will need your social security number, date of birth and address when applying over the phone as well as any other information requested by Ally Bank in order to complete your application process.*

Internet Banking Login Process

  • internet banking login process
  • how to create an account
  • how to log in to your account
  • how to make a deposit
  • how to make a withdrawal
  • how to make a transfer

When you first sign up for internet banking, you will be given a login ID and password. The ID is your user name while the password is what keeps people out of your account.

To access Internet Banking, simply enter these details in the main page of the site:

  • User Name – Your current bank’s username (e.g., John Smith)
  • Password – As above

Ally Bank’s internet banking platform includes tools like our Ally eCheck Deposit℠ feature that makes it easy to deposit checks no matter where you are, P2P payments (powered by clearXchange) so you can pay friends and even merchants, Zelle® for sending money to friends, family and others you know and trust, and person-to-person transfers with just an email address or mobile phone number

  • Ally Bank’s internet banking platform includes tools like our Ally eCheck Deposit℠ feature that makes it easy to deposit checks no matter where you are, P2P payments (powered by clearXchange) so you can pay friends and even merchants, Zelle® for sending money to friends, family and others

Ally Bank has a great new feature that allows you to deposit checks using the Ally  eCheck Deposit℠ feature.

With all the benefits of internet banking, you can use our Ally eCheck Deposit℠ feature to deposit checks no matter where you are. This is especially handy if you’re traveling or don’t have access to an ATM. You can also use it to deposit P2P payments (powered by clearXchange) so you can pay friends and even merchants.

And now we’ve added Zelle for sending money to friends, family and others you know and trust! With just an email address or mobile phone number, you can send money on your terms—just like cash.


We hope you found the information on this page helpful and informative. If you still have questions or would like to get started, please contact Ally,s bank online or call them at 1-800-ALLY (1-800-257-6251). Our friendly customer service representatives are ready to help!

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