Are you looking for a great bonus promotion from a reputable bank? Look no further than Ally Bank and Ally Invest. With their $200 checking bonus promotions, these financial institutions are offering a fantastic opportunity for new customers to earn some extra cash. In this article, we will explore the details of these promotions and provide you with all the information you need to take advantage of this offer.
Ally Bank: A Trustworthy Institution
Before we dive into the specifics of the bonus promotion, let's familiarize ourselves with Ally Bank. Founded in 1919, Ally Bank has established itself as a trusted institution in the finance industry. With over 100 years of experience, Ally Bank offers a wide range of financial products and services, including online banking, mortgages, auto loans, and investment options. Their commitment to customer satisfaction and competitive rates have made them a popular choice among savvy savers and investors.
Ally Bank Checking Account: Features and Benefits
Ally Bank's checking account is designed to meet the needs of individuals looking for a simple and convenient way to manage their day-to-day finances. Here are some of the notable features and benefits of Ally Bank's checking account:
-
No monthly maintenance fees: Unlike many traditional banks, Ally Bank does not charge any monthly maintenance fees for their checking account. This allows you to keep more of your hard-earned money in your pocket.
-
High-interest rates: One of the standout features of Ally Bank's checking account is the competitive interest rates they offer. While most traditional banks offer minimal interest on checking account balances, Ally Bank provides attractive rates that can help your money grow.
-
24/7 customer support: Ally Bank understands the importance of excellent customer service. That's why they offer round-the-clock customer support, ensuring you receive assistance whenever you need it.
-
Mobile banking: Ally Bank's mobile app allows you to conveniently access your checking account from anywhere, anytime. With features like mobile check deposit and bill pay, managing your finances has never been easier.
Ally Bank $200 Checking Bonus: How to Qualify
Now that you know about the great features of Ally Bank's checking account, let's discuss how you can earn a $200 bonus.
To qualify for the $200 checking bonus, you need to follow these steps:
-
Open a new Ally Bank Interest Checking Account: Start by opening a new interest-bearing checking account with Ally Bank. The process is quick and easy, and you can complete it online.
-
Make qualifying deposits: Within the first 60 days of opening your account, you need to make qualifying deposits totaling at least $1,000. Qualifying deposits include direct deposits, transfers from non-Ally accounts, or transfers from Ally accounts.
-
Keep your account active: To be eligible for the bonus, you need to keep your account open and in good standing for at least 90 days. This means you should maintain a positive balance and use your account regularly.
-
Receive your bonus: Once you meet all the requirements, Ally Bank will deposit the $200 bonus into your account within 10 business days.
It's important to note that this bonus promotion is only available to new customers who have not previously had an Ally Bank checking account. Additionally, the account must be opened online, as in-branch openings are not eligible for the promotion.
Ally Invest: The Perfect Partner for Savvy Investors
In addition to their banking services, Ally Bank also offers investment opportunities through their subsidiary, Ally Invest. Whether you're a seasoned investor or just starting, Ally Invest provides a range of tools and resources to help you make informed investment decisions. Let's explore what Ally Invest has to offer.
Ally Invest Self-Directed Trading Account: Features and Benefits
Ally Invest's self-directed trading account is an excellent choice for individuals who prefer to take control of their investments and make their own trading decisions. Here are some key features and benefits of Ally Invest's self-directed trading account:
-
Low fees: Ally Invest offers competitive pricing on trades, with rates as low as $0.00 per trade for eligible clients. This allows you to keep more of your investment returns.
-
Wide range of investment options: From stocks and options to exchange-traded funds (ETFs) and mutual funds, Ally Invest provides a comprehensive selection of investment options to suit your investment strategy.
-
Research and tools: Ally Invest offers robust research tools and resources to help you analyze and evaluate potential investment opportunities. From technical analysis to market insights, you'll have access to the information you need to make educated investment decisions.
-
User-friendly platform: Ally Invest's platform is designed with the user in mind. With intuitive navigation and a clean interface, you can easily access and manage your investments.
-
24/7 customer support: Just like Ally Bank, Ally Invest offers round-the-clock customer support. Whether you have a question about your account or need assistance with a trade, their dedicated support team is available to help.
Ally Invest $200 Bonus: How to Qualify
If you're interested in opening an account with Ally Invest and earning a $200 bonus, here's what you need to do:
-
Open a new Ally Invest Self-Directed Trading Account: Start by opening a new self-directed trading account with Ally Invest. You can complete the process online, and it only takes a few minutes.
-
Fund your account: Within 60 days of opening your account, you need to fund it with at least $10,000. This initial funding qualifies you for the $200 bonus.
-
Maintain your account: To be eligible for the bonus, you need to maintain the minimum funding requirement of $10,000 for at least 90 days. Additionally, your account should remain in good standing.
-
Receive your bonus: Once you meet all the requirements, Ally Invest will deposit the $200 bonus into your account within 10 business days.
Similar to the checking account bonus, the Ally Invest bonus promotion is available to new customers who have not previously had an Ally Invest account.
Comparison: Ally Bank vs. Competitors
To help you make an informed decision, let's compare Ally Bank with some of its competitors in the online banking space.
| Feature | Ally Bank | Competitor A | Competitor B |
|---|---|---|---|
| Monthly Fees | None | $10 per month | $5 per month |
| Interest Rates | Competitive | Minimal | Competitive |
| Customer Support | 24/7 | Limited hours | Limited hours |
| Mobile Banking | Yes | Yes | Yes |
| ATM Access | Reimbursement available | Limited network | Limited network |
As you can see, Ally Bank excels in several areas when compared to its competitors. With no monthly fees, competitive interest rates, and round-the-clock customer support, it's clear why Ally Bank stands out as a solid choice for individuals looking for an online bank.
Conclusion
In conclusion, Ally Bank and Ally Invest are offering excellent bonus promotions to new customers. With their $200 checking bonus and attractive features, Ally Bank's checking account is a great option for individuals who value simplicity and high-interest rates. Additionally, Ally Invest provides a comprehensive platform for self-directed investors, with low fees and a wide range of investment options.
If you're considering opening an account with Ally Bank or Ally Invest, don't miss out on these bonus promotions. By taking advantage of the offers, you can earn some extra cash while enjoying the benefits of banking and investing with reputable institutions. So why wait? Open your account today and start enjoying the rewards of Ally Bank and Ally Invest.