What is Ally Bank?

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When you wire money from your Ally Bank account to your Ally Invest account

We may contact you by phone to verify your wire transfer request.

Ally Bank Domestic Wire Transfer Form

Receiving Bank: Ally Bank

Beneficiary Account Number: Your Ally Bank Account Number

When you wire money from your Ally Bank account to your Ally Invest account

you may also be charged a fee by an intermediary bank.

Online transfers between Ally Bank accounts are immediate.

Next-day Transfers

Transfers eligible for next-day delivery between Ally Bank and non-Ally Bank accounts,

You will not be charged a fee for standard or next-day transfers.

Once you log in to online banking, choose Transfers.

We verify the ownership of your accounts at other institutions before you can use them to transfer funds.

Ally Financial Inc. is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including online banking, car finance, corporate lending, vehicle insurance, mortgages, credit cards, and brokerage firm services.

Once you log in to online banking, select Transfers.

Ally Detroit Center is occupied by more than 1,500 Ally employees and third party contractors on 13 floors.[6]

Ally Bank, the company's direct banking subsidiary, is headquartered in Sandy, Utah. Deposit operations are located at 1100 Virginia Dr, Fort Washington, Pennsylvania. The customer service center is located at 100 Witmer Rd, Horsham, Pennsylvania.

The company was founded in 1919 by General Motors (GM) as the General Motors Acceptance Corporation (GMAC) to provide financing to automotive customers. In 1939, the company founded Motors Insurance Corporation and entered the vehicle insurance market.[8]

If you need to cancel or change your request, call us immediately

The main attraction at Ally Bank is the APY associated with deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). For up-to-date information, visit the Ally Bank website, as rates change often.

Ally gives customers decent rates on CD accounts and a variety of options. It has a "no penalty" CD that allows you to take money out early without paying fees. Its high-yield CD pays more but has traditional CD penalties if you cash out before maturity.