Available nationwide, Ally is offering a $300 welcome bonus when you open a new Spending Account (aka personal checking account) and set up direct deposit. This is the first time we've see a bonus on their checking account in a very long time and it's $100 higher than before. You'll need to have not been an Ally customer in the last 12 months to qualify.
How To Earn The Bonus
The Ally Spending Account promotion requires you to set up eligible direct deposits in order to earn the $300 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Accounts not funded within 30 days of opening will be closed.
- Your Qualifying Direct Deposit needs to be an electronic deposit from an employer payroll, payroll provider service, or benefits payer (such as Social Security or Military Pay) and must be clearly identifiable by Ally as such. Person to Person payments (such as Zelle®) are not considered a QDD. Electronic check deposits made via your device (eCheck) are not considered QDD.
- Only New Customers who open and fund an Eligible Account using promo code GET300 are eligible to participate.
- The offer is limited to one (1) bonus per customer (even if you open more than one Eligible Account, you can only earn one $300 bonus).
- A joint owner on the same Eligible Account will not receive a separate, additional bonus.
Open a Spending Account before the bonus expires on November 18, 2025
How does this personal checking offer from Ally compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
HSBC
HSBC Premier
- Bonus
- up to $3500
- Account Type
- Personal Checking
- Expires In
- 67 days
- Requires
- Min Balance
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 6 days
- Requires
- Direct Deposit
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 95 days
- Requires
- Direct Deposit
Why Ally Bank?
Ally Bank is the consumer banking division of Ally Financial, a Detroit-based company that ranks among the largest financial institutions in the US.
Ally was founded in the early 20th century by General Motors to provide financing to automotive customers. It was originally called the General Motors Acceptance Corporation (GMAC). Since its re-brand to Ally Bank in 2009, the bank has expanded to serve more than 8 million customers and remains one of the country's biggest car finance companies.
A major player in the online-only banking space, Ally has built its name on high interest rates, a low fee schedule, an investment platform, and personal loans.
Learn more in our Ally Bank review
Spending Account
With the Ally Bank Spending Account you'll get a lot of features that you'd expect from an online-only bank. They were one of the pioneers of savings buckets, which allow you categorize your savings and have created spending buckets for their checking account so you can see where you money is being spent.
You'll also get access to 43,000+ no-fee Allpoint® ATMs and they'll reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide.
Fees
Spending Account does not charge a monthly maintenance fee.
Apply now for a Spending Account to earn the $300 bonus offer
Share Your Thoughts or Questions
There have been 5 comments about the Ally Spending Account $300 Bonus.
Bill B
November 11, 2023I earned the Ally $200 bonus in September 2023. It was easy and had one of the more immediate bonus payouts (based on meeting the direct deposit requirement of $1500 rather than a mandatory "waiting period" window that many of the other bonuses require). All steps were able to completed entirely online. I highly recommend doing this.
ReplyReply to Bill B
DANIEL TACKER
November 7, 2023I never could get this bonus to work for me, but I was also trying to force a direct deposit by using an ACH push from another bank. Struck out so far.
ReplyReply to DANIEL TACKER
Klaus Pohlmann
November 6, 2023Ally’s $200 bonus was a piece of cake to get .. and pretty generous for such easy qualifications. Direct Deposit $1500 within 90 days .. no minimum balance, no monthly fees. Easy to open, and if you absolutely need to close it, you can do that in about 90 days.
ReplyReply to Klaus Pohlmann
Ron
November 3, 2023Love your site. this site deserves way more visits and participation.
Btw GET200 sign up bonus is no longer available. Looks like Ally closed it prematurely !
Reply to Ron
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