When I went to Chase, they asked me for a lot of stuff. I contacted Ally Bank to let them know that his car was at our house and he had passed away. Have had Ally for probably a decade — love them, no issues. To help the U.S. government fight terrorism and money laundering, federal law requires us to obtain, verify and record information identifying each person opening an account. This means you never have to wait in line at a branch, file paper statements or wait to access your funds. share. Ally’s roots go back to 1919 when it started out as GMAC, the finance arm of automaker GM. Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. If you’re concerned about how safe your money is while held in an online bank, you’ll find that Ally offers many of the same guarantees as a traditional bank. Peter B. Lv 4. How reliable is Ally Bank? sorry i meant the application process. Ally bank used to be GMAC bank and is very reliable. Press question mark to learn the rest of the keyboard shortcuts. Is Ally a safe bank? You can also enroll in direct deposit with a new savings account or checking account. However, Axos offers extra perks like ATM fee reimbursements. If your accounts were to be hacked, though, you won’t be liable for those fraudulent charges and activity. So what's going on with Ally? I still keep a Bank of America account for quick ATM access, despite Ally’s ATM reimbursement program, but I keep that around because of inertia more than any other reason. This insurance keeps your money safe even when the economy or Ally isn’t doing well. Ally Bank. In fact, none of Ally’s accounts charge service fees and they all earn at great rates, especially the Ally CDs. Second post of yours reference the reliability of online banks, it's FDIC insured. The easy-to-use mobile app and innovative customer service offerings don’t hurt either. Ally Bank has a very reliable customer service support, which is available 24/7 via phone, live chat, and email. 14% Upvoted. Ally’s online chat service is reliable and even lists estimated wait times so folks can get on with their day if the virtual line is too long. Compare the Top 3 Financial Advisors For You. 10 comments. Presumably you have already passed identity checks by a local bank and have an account there that you can link to Ally. Lv 7. I've been using Ally Bank (GMAC) for over 5 years now. As an FDIC-insured bank, Ally will make good on your deposits with the help of the federal government. Once you have an account, you can log into your online account with your login and password. How does a bank having a building make them more or less reliable? 1 0. I've never heard of this bank before and I'm curious to get some more - 542555 I've been using them for years and have never had any issues. I just opened up an online bank account on Ally. For one, being an entirely online bank without branches and the ability for cash deposits may be more of an inconvenience for many customers. Once you set up your accounts, don’t forget to enforce other safety measures like setting secure passwords, using two-step authentication and surfing the web responsibly. Physical banks are out of the question, I'm not trying to pay money to have my money simply exist somewhere else (I don't make that much income, so I'd like to keep it for myself). For one, the The Federal Deposit Insurance Corporation (FDIC) insures Ally Bank and its deposits up to the maximum, federally designated limit of $250,000. 0 0? Entirely online, Ally Bank fits this description, with competitive rates and around-the-clock support. Ally’s customer service is very dependable that in fact, it has earned second place in the 2019 J.D. While safety is certainly an important consideration when choosing a bank, it isn’t the only one. This Internet bank won't charge you monthly maintenance fees or require you to keep a minimum balance. Don't be surprised if you are asked next week to provide scans of your ID and proof of address. Saving. Each account owner must be 18 or older and provide: A Social Security or Tax Identification number. Plus, Ally offers dedicated banking and credit card customer service teams available 24/7 should you need. Simple: Overdraft fees They're fine too. My wife and I spoke with over 10 people over the next 4 months, and not one expressed any sympathy our loss, and it was obvious they could care less. Right on their website. If you’re worried about the security that Ally Bank can offer, you don’t need to worry. Good rates & FDIC insurance at Ally Bank ---- I let them in my cave. When I went to Chase, they asked me for a lot of stuff. Ally Bank offers a High-Yield Certificate of Deposit with varying interest rates that depend on the length of the term. Ally Bank is a trusted and safe bank. I just opened up an online bank account on Ally. Paramount Bank: Best for Interest Checking; Truist: Best for Mobile App; We partnered with the following banks to bring you the savings account offers in the table below. The easiest method may be finding the type of account you want to open on the website and clicking “Open Account.” Once you enter your information, including your Social Security number, email address, mailing address and date of birth, you’ll be able to fund the account. If you really value face-to-face time with a banker and physical paperwork, it may not be for you. report. What makes a bank "reliable" OP? No driver license, no passport. With no minimum, association with a great bank in Ally Bank, it's a good place for any investor looking to start investing. It offers not only security but also some peace of mind. They’ve been around for a very long time. Ally Bank has over 6 million online savings account customers. I have an account with them, have had zero issues. Find out how Ally Bank is rated and compare its account fees, read customer reviews, and latest bank accounts rates.. Ally offers better rates overall. At Ally, these expenses do not exist, so customers at Ally Bank enjoy zero monthly or annual bank maintenance fees. It's also available for Windows phones, but it doesn't have all the features the other platforms have. Same. Ally Bank has been in business since 2009, serving consumer banking needs. And I'm sure you filed out more than just ss. In addition, customers are not forced to make a certain number of transactions per month or per quarter in order to avoid fees. Online banks offer some of the best interest rates in the industry. 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