Ally Bank is an online bank that offers a straightforward approach to banking with no minimum deposits to open, no monthly maintenance fees, and 24/7 live customer service. Because Ally Bank is branch-free, you can take out cash from more than 400,000 ATM locations nationwide free of charge. Ally Bank is a subsidiary of Ally Financial Inc., which was founded in 1919 in Detroit, Michigan as the General Motors Acceptance Corporation, a provider of financing to auto customers. Ally offers a full suite of automotive financing products and services, including consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services.
Banking with Ally is hassle free. Being online and branch-free, Ally offers competitive rates on a variety ofaccounts including savings, checking, and money market. You can access your account information anytime, anywhere, with Ally Online and Mobile Banking and make deposits with Ally eCheck Deposit, online transfers or free postage-paid envelopes. Ally Bank also offers certificates of deposit (CDs), IRA savings accounts, and IRA CDs. Because no one knows your business better than you do, Ally Bank also offers fully customizable commercial finance, real estate, mortgage and commercial vehicle financing products.
Ally Bank (FDIC certificate 57803) was established in 2004 and operates online. Ms. Diane Morais, President/CEO of Ally Bank, leads a team of 959 employees.The bank's parent holding company, ALLY FINANCIAL INC. is based in Detroit, MI.
Ally Bank, headquartered in Midvale, UT, is rated four stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a four star rating indicates, among other things, that this institution has at least 1½ times the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
Ally Bank is a state chartered commercial bank and not a member of Federal Reserve. With $111 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
Trust powers have been granted to the bank which means it has the right to act as a trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, or in any other fiduciary capacity allowed under the laws of the state in which it is located.
Ally Bank is a leader in the online banking space. Evaluate their rates and account options below, then open an account securely to take advantage of these great rate offers.
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I have had no problems with them, they have friendly customer service and great rates. Can't complain about anything. I would definitely recommend them!
terrible service avoid at all cost
Poorest experience in my 40+ years of financing loans! Talking with apparently entry level personnel and asked for supervisory level! Neither able to help us! Flagged our account as delinquent over a $47 fee charged because we requested auto loan payment date be delayed by 14 days to coincide with date we receive our Social Security checks! We struggling on fixed income. Now being denied mortgage loan because Ally's unwillingness to remove "Delinquent" status on our account! Request for date change was made before first payment was made! We told take 4-6 weeks for "back office" to make a decision! We have pleaded on phone for reconsideration.... NaDa from Ally!