Get $100 with Ally Bank Referral and Start Saving

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If you're looking for a way to earn some extra cash, Ally Bank's referral program is a great option. You can earn $100 for each friend you refer who opens a new account.

With Ally Bank's referral program, you can earn up to $100 per referral, which can add up quickly. Just think of all the things you could do with an extra $100.

To get started, you'll need to have an Ally Bank account and refer your friends to open their own accounts.

Account Options

You can open an eligible Ally account to take advantage of the referral bonus. The eligible accounts include savings account, spending account, or a self-directed trading account (investing).

To qualify for the bonus, you must enroll in the program by 12/31/2024.

The requirements for each account type are different, so let's break it down: for the savings account, you must set up a monthly automated recurring transfer within 30 days of opening and complete three back-to-back transfers to get your $100 bonus.

$100 Savings

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If you're looking for a savings account with a bonus, Ally Bank is offering a $100 savings bonus when you open a new Ally Bank Savings account by 12/31/2024.

To qualify, you must enroll and open a new Ally Bank Savings Account within 30 days of enrollment. Set up a monthly automated recurring transfer within 30 days of account opening and complete at least 3 back-to-back monthly automated recurring transfers. Your $100 welcome bonus will be deposited within 30 days of receiving your 3rd recurring transfer.

The bonus terms are pretty straightforward, and the 2.25% APY rate is a great incentive to keep your savings growing. You can maintain any balance amount and earn the 2.25% APY rate to make the most of your savings account.

Here's a quick summary of the requirements:

$100 Self-Directed Trading

If you're looking for a self-directed trading account, Ally Bank's $100 bonus offer is definitely worth considering.

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You can earn a $100 bonus when you open a new Ally Invest Self-Directed Trading account and complete some qualifying activities.

To qualify, you need to enroll by December 31st, 2024, and open a new account within 30 days of enrollment.

You'll also need to transfer a minimum of $1,000 within 60 days of opening your account, which can be done in multiple transfers.

The $100 welcome bonus will be deposited within 30 days of your account reaching $1,000.

Here's a quick comparison of this offer with some other options:

Note the expiration date for the Ally Bank offer: December 31st, 2023.

$250 Checking (Auto)

The $250 Checking (Auto) option is a great choice for those who want to earn a bonus on their checking account. To qualify, you need to open an Ally Bank Spending Account and meet the requirements.

You'll get a $250 bonus, which is a nice incentive to start banking with Ally. The account type is Ally Spending Account, and it's a soft pull credit inquiry, so it won't affect your credit score.

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One of the benefits of this account is that it has no monthly fee, which is a big plus for those who don't want to pay extra to bank. You'll also need to make a direct deposit to qualify for the bonus, but the exact requirements are listed in the fine print.

Here are some key details to keep in mind:

Overall, the $250 Checking (Auto) option is a solid choice for those who want to earn a bonus and don't mind making a direct deposit. It's always a good idea to read the fine print and understand the requirements before signing up.

2.25% APY Online Savings Expired

The 2.25% APY Online Savings Expired option is no longer available, but I'll give you the details in case you're interested in similar offers.

You could earn up to $500 bonus with Ally Bank Online Savings Account plus 2.25% APY.

To qualify, you needed to open an account with offer code GETPAID by November 21, 2022, and move at least $1,000 from another financial institution to a new or existing eligible Ally Bank account by November 31, 2022.

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The balance requirement for this offer was $0.01+, and the APY rate was 2.25%.

Interest was compounded daily, and the account was FDIC insured up to $250,000.

Here are the key details in a table:

Keep in mind that any withdrawals made during the time period of January 15, 2023, may reduce your bonus.

Referral Incentives

Ally Bank offers a referral bonus for opening an eligible account, which includes savings, spending, or self-directed trading accounts.

To receive the $100 bonus, you must enroll in the program by December 31, 2024. The terms of the bonus vary depending on the account you open.

For the savings account, you'll need to set up a monthly automated recurring transfer within 30 days of opening the account and complete at least three back-to-back transfers to receive the bonus.

Meet You Choose Requirements

To earn your Ally referral bonus, you'll need to meet the requirements for the account you choose. For the Ally Savings account, this means automating a transfer of $1 each month for 3 months. The Ally checking account requires a qualifying direct deposit within 60 days, which can be a bit more challenging if you can't change your payroll direct deposit at work.

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The Ally Savings account is a great option if you want a hands-off experience, as you'll only need to set up your transfers once. However, you'll have to wait three months to earn your bonus. If you have an easy way to meet the direct deposit requirement, the Ally checking account may be a better fit.

Here's a summary of the account requirements:

Remember to enroll in the referral program by December 31, 2024, to take advantage of these offers.

$100 Referral

Referral incentives are a great way to earn some extra cash, and Ally Bank is no exception. They're offering a $100 referral bonus for opening an eligible Ally account, which includes savings, spending, or a self-directed trading account.

To qualify, you must enroll in the program by December 31, 2024. Then, meet the specific conditions for the account type you choose.

For a savings account, you need to set up a monthly automated recurring transfer within 30 days of opening and complete at least three back-to-back transfers to get your $100 bonus.

Credit: youtube.com, Announcing... the $100 referral incentive!

For a spending account, you must receive a qualifying direct deposit within 60 days, and the bonus will be transferred within 30 days of receiving that transfer.

For a self-directed trading account, you need to transfer a minimum of $1,000 within 60 days of opening your account, and the bonus will be deposited within 30 days of reaching that amount.

Here's a quick rundown of the requirements for each account type:

Remember, these offers expire on December 31, 2024, so don't wait too long to take advantage of these incentives.

Spending $200

You can get a $200 bonus from Ally Bank by opening an Ally Bank Spending Account and using the promo code GET200 before the deadline.

The offer was available until October 11th, 2023, but it's now expired.

To qualify for the bonus, you need to set up one or more direct deposits that total at least $1,500 within 90 days.

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Once you've met the requirements, you'll get your bonus within 30 days.

You're only eligible if you're a new customer and haven't received a cash bonus from Ally Bank within the last 12 months for setting up a qualifying direct deposit.

The direct deposit requirement is reasonable, making it a nice little bonus.

Guides and Tutorials

If you're looking to earn the Ally Bank referral bonus, you'll need to open an eligible Ally account and meet the requirements. Ally is currently offering $100 to customers who do this.

To qualify for the bonus, you'll need to complete a qualifying direct deposit into your checking account. This can be a payroll direct deposit, but it might be tricky if you don't have an easy way to change your direct deposit at work.

Ally requires a payroll direct deposit to qualify, which can make it harder to complete if you're not in a position to easily change your direct deposit arrangements.

Frequently Asked Questions

Does Ally have a welcome bonus?

Yes, Ally offers a $100 Welcome Bonus for new customers who set up a Qualifying Direct Deposit within 60 days of account opening. To receive the bonus, keep your account open and in good standing through the payout date.

What is the Ally Bank 125 bonus?

The Ally Bank 125 bonus is a one-time cash reward of up to $125 for depositing funds into a new Savings Account from another financial institution. This bonus is available for deposits up to $25,000, and the amount earned is 0.50% of the deposited amount.

What is an offer code for Ally Bank?

To qualify for a bonus, use the promo code GET200 when opening a new Ally Bank Spending Account. This code is required to receive the offer.

What is the promo code for Ally Bank?

To qualify for the Ally Bank bonus, use promo code GET200 when opening a new Spending Account. This code is required for the promotion.

Antoinette Cassin

Senior Copy Editor

Antoinette Cassin is a seasoned copy editor with over a decade of experience in the field. Her expertise lies in medical and insurance-related content, particularly focusing on complex areas such as medical malpractice and liability insurance. Antoinette ensures that every piece of writing is clear, accurate, and free of legal and grammatical errors.

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