Ally Bank Bonus: Earn Rewards and Cash Back

Ally Bank offers a range of bonus rewards and cash back opportunities that can help you save money and earn more.

With Ally Bank's interest checking account, you can earn up to $250 when you open a new account and deposit $1,000 within 90 days.

Their cash back rewards program offers 2% cash back on purchases up to $6,000 in combined purchases each year.

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To open an Ally Bank account, you'll need to provide some basic personal and financial information. Ally Bank requires a valid Social Security number or Individual Taxpayer Identification Number (ITIN) to verify your identity.

You can fund your Ally Bank account with an initial deposit, and the minimum opening deposit is $100. This can be done online or by visiting a local bank branch.

Ally Bank offers a range of account types, including checking, savings, and money market accounts. Each account has its own unique features and benefits.

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To access your Ally Bank account online, you'll need to create a username and password. This will also allow you to view your account balances, transaction history, and statements.

Ally Bank is a fully online bank, which means you can manage your account entirely online or through the Ally mobile app. This makes it easy to stay on top of your finances from anywhere.

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Ally Bank offers several bonuses and rewards to its customers, and I'm excited to share the details with you.

You can earn a $100 bonus when you open an Ally Bank Spending account, but you'll need to enroll by 12/31/2024 and open the account within 30 days of enrollment.

To qualify, you'll also need to set up and receive a qualifying direct deposit within 60 days of account opening, and your $100 welcome bonus will be deposited within 30 days of receiving that deposit.

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If you're looking for a savings account bonus, Ally Bank is offering a $100 bonus when you open an Ally Bank Savings account, but you'll need to enroll and open the account by 12/31/2024.

You'll also need to set up and start a qualifying monthly automated recurring transfer within 30 days of account opening, complete at least 3 back-to-back monthly automated recurring transfers, and your $100 welcome bonus will be deposited within 30 days of receiving your 3rd recurring transfer.

Additionally, Ally Bank is offering a $250 bonus to Ally Auto customers who open a Ally Bank Spending Account and meet the requirements.

Here's a summary of the bonuses and rewards offered by Ally Bank:

Ally Bank also offers a $200 checking bonus, but this offer is not currently available (as of 12/31/2023).

Ally's spending buckets are a great way to control spending if you primarily use a debit card for purchases.

You can easily get the $200 bonus by meeting the requirements, which is a great incentive to try out their banking services.

Their credit card program is currently by invitation only, with a limit of $3,000, although this may change in the future.

The Ally Everyday Cash Back MasterCard offers 3% cash back for gas, groceries, and drug stores, and the Unlimited Cash Back MasterCard offers 2% cash back on everything.

The author received an invitation for the Unlimited card but declined due to the $3,000 starting limit, which is lower than their current card with 2% cash back through Penfed.

Setting up the spending account, getting the bonus, and signing up for email offers might work to get an invitation for their credit card program.

Ally's banking experience is detailed and has a great "status tracker", and there's no minimum on the dollar amount for pulling/pushing money through ACH, which is a convenient feature.

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To qualify for the Ally bank bonus, you'll need to meet the requirements for the account you choose. You can only earn the bonus with one account, so pick the account that's easiest for you to meet the requirements.

The Ally savings account is a good choice because it only requires 3 monthly automated transfers into your account. This is a relatively easy task to complete.

The Ally checking account, on the other hand, requires a qualifying direct deposit into your checking account. You'll need to have a payroll direct deposit to qualify, which can be difficult if you don't have an easy way to change your direct deposit at work.

Transferring $1,000 into an Ally Invest account is another option to meet the requirements. You don't have to leave the money in the account, but you do need to transfer the funds to qualify for the bonus.

It's worth noting that the Ally Invest account may not be the best option for everyone, as the author of the article doesn't personally recommend or use it.

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There are no monthly maintenance fees for Ally Bank Bonus accounts, making it a great option for those who want to avoid unnecessary charges.

You can earn interest on your account balance, but you'll need to meet the minimum balance requirements to avoid fees.

The Ally Bank Bonus account comes with a $100 bonus for new customers who meet certain requirements within 90 days of opening the account.

Keep in mind that you'll need to have at least $1,000 in direct deposits within that 90-day period to qualify for the bonus.

You can avoid overdraft fees by linking a savings account to your Ally Bank Bonus account, which will transfer funds automatically when you don't have enough money for a transaction.

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The Ally Bank bonus is definitely worth considering.

We've recently seen a $200 bonus, which is a great incentive to open a new account.

To get started with the Ally Bank bonus, you'll need to open an eligible Ally account. Ally is currently offering a $100 bonus to customers who meet the requirements.

First, you'll need to check if you're eligible for the bonus by looking into the specific requirements. Ally has a step-by-step guide that outlines the process to earn the referral bonus.

To start, head to the Ally website or mobile app to see which accounts qualify for the bonus. Ally is offering the bonus for certain accounts, but it's worth checking to confirm which ones.

For most people, the Ally Savings account will make the most sense. You just need to open a savings account using a referral link, then automate a transfer of $1 each month for 3 months.

The main downside is you'll have to wait three months to earn your bonus. This might not be ideal for those who need the money sooner.

If you have an easy way to meet the direct deposit requirement, then the Ally checking account may make more sense. You'll just need a way to change your payroll direct deposit at work.

This option is ideal for those who can easily adjust their direct deposit at work.

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Your Ally bank bonus will post within 30 days of meeting the requirements, which is a relatively fast turnaround time.

The Ally checking and Ally Invest accounts are the quickest options, requiring just a single qualifying deposit to earn your bonus.

With the savings account, however, you'll need to make 3 monthly automated transfers before your bonus is posted.