Available nationwide, Ally is offering a $200 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. 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 direct deposits in order to earn the $200 bonus.
Full requirements to receive this bonus are:
- Be a new customer and open a new Ally Bank Spending Account with promo code GET200.
- Within 90 days, receive a minimum of $1,500 of qualifying direct deposit payments.
- Keep your account open and in good standing.
- Bonus will be deposited within 30 days after you reach the $1,500 QDD minimum.
Open a Spending Account before the bonus expires on November 30, 2023
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 GET200 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 $200 bonus).
- A joint owner on the same Eligible Account will not receive a separate, additional bonus.
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:
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $1000
- Account Type
- Personal Checking
- Expires In
- 29 days
- Requires
- Direct Deposit
- Min Balance (optional)
Citi®
Citi Priority Relationship Tier
- Bonus
- up to $2000 w/activities
- Account Type
- Personal Checking
- Expires In
- 99 days
- Requires
- Min Balance
Discover
Cashback Debit
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
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 fee.
Apply now for a Spending Account to earn the $200 bonus offer