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expired Posted by ieee488 • Oct 12, 2022
expired Posted by ieee488 • Oct 12, 2022

Ally Bank Offer: Open Account + Transfer 1K Funds & Earn Bonus

(Up to $500; New or Existing Customers)

1% Cash Back

361 Comments 104,879 Views
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Deal Details
Ally Bank is offering a 1% Cash Bonus (Up to $500) when you sign-up and fund your account w/ at least $1000 from another financial intuition to a new/existing eligible Ally Bank Account or when you follow the instructions listed below.

Thanks to community member ieee488 for finding this deal

Note, be sure to sign up using the 'Open Account' link w/ offer code

Deal Instructions
  1. Open an eligible Ally Bank account w/ offer code GETPAID
  2. Fund your account by October 31, 2022 w/ at least $1000 from another financial intuitions to a new/existing eligible Ally Bank account
    • Note, transfers may take up to three business days to process
  3. Keep your funds in your account through January 15, 2023
    • Note, any withdrawals made during this time period may reduce your bonus offer
  4. Receive your cash bonus on or by February 15, 2023
    • Note, get a 1% bonus on the money you moved, up to $500
Additional Info
  • Ally Online Savings Account
    • Annual Percentage Yield (APY) 2.25% on all balance tiers
      • No minimum balance to open, rate is variable and may change. Fees may reduce earnings
  • Already have an eligible Ally Bank account? Enroll here

Editor's Notes

Written by Discombobulated | Staff
  • For a limited time, earn 1% cash bonus, up to $500 on money moved to an eligible Ally Bank account
  • Cash bonus applies to new money added to an eligible Ally Bank account, not your total balance
  • Your new money must remain in an eligible Ally Bank account to earn bonus cash
  • Minimum cash bonus is $10 ($1000 deposit) w/ a maximum of $500 ($50,000 deposit)
  • Offer valid for a limited time or while promotional offer last
Additional Notes
  • For all terms/conditions, please click this link here (deadlines are subject to change w/o notice)
  • Please refer to the forum thread for additional details - Discombobulated

Original Post

Written by ieee488
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Ally Bank is offering a 1% Cash Bonus (Up to $500) when you sign-up and fund your account w/ at least $1000 from another financial intuition to a new/existing eligible Ally Bank Account or when you follow the instructions listed below.

Thanks to community member ieee488 for finding this deal

Note, be sure to sign up using the 'Open Account' link w/ offer code

Deal Instructions
  1. Open an eligible Ally Bank account w/ offer code GETPAID
  2. Fund your account by October 31, 2022 w/ at least $1000 from another financial intuitions to a new/existing eligible Ally Bank account
    • Note, transfers may take up to three business days to process
  3. Keep your funds in your account through January 15, 2023
    • Note, any withdrawals made during this time period may reduce your bonus offer
  4. Receive your cash bonus on or by February 15, 2023
    • Note, get a 1% bonus on the money you moved, up to $500
Additional Info
  • Ally Online Savings Account
    • Annual Percentage Yield (APY) 2.25% on all balance tiers
      • No minimum balance to open, rate is variable and may change. Fees may reduce earnings
  • Already have an eligible Ally Bank account? Enroll here

Editor's Notes

Written by Discombobulated | Staff
  • For a limited time, earn 1% cash bonus, up to $500 on money moved to an eligible Ally Bank account
  • Cash bonus applies to new money added to an eligible Ally Bank account, not your total balance
  • Your new money must remain in an eligible Ally Bank account to earn bonus cash
  • Minimum cash bonus is $10 ($1000 deposit) w/ a maximum of $500 ($50,000 deposit)
  • Offer valid for a limited time or while promotional offer last
Additional Notes
  • For all terms/conditions, please click this link here (deadlines are subject to change w/o notice)
  • Please refer to the forum thread for additional details - Discombobulated

Original Post

Written by ieee488

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Top Comments

Not if you've already maxed the 10k
Sigh. Remind me not to hire you for my accountant. Note the 6 months.

361 Comments

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Oct 21, 2022
241 Posts
Joined Jul 2005
Oct 21, 2022
THruxster
Oct 21, 2022
241 Posts
Quote from GPz1100 :
^^I opened a new savings acct with them. Didn't get an email that said I was enrolled. However, on the last page of the application where it showed the account opened, it included phrasing that the promo was applied.

https://i.imgur.com/SMvsu9B.png
Thanks I finally received an email confirmation.
Oct 22, 2022
12,601 Posts
Joined Nov 2006
Oct 22, 2022
poohbie
Oct 22, 2022
12,601 Posts
I wonder how this promo works for joint account holders - each account holder can sign up for the promo separately.
Oct 22, 2022
26,169 Posts
Joined May 2006
Oct 22, 2022
namlook
Oct 22, 2022
26,169 Posts
Quote from electrobento :
It's a max of $500 back.

Not sure where you get the 4.25% from. It's their normal rate plus 1%, so currently 3.25%.

Edit: My bad, 4.25% annualized.
I think your math is still bad. It's 2.35% right now (raised from 2.25%). But more importantly you get a 1% cashback bonus of $500 for keeping $50k there for three months. That's ~$793 for three months and more than 6% APY for that three month period.
Oct 22, 2022
627 Posts
Joined Aug 2008
Oct 22, 2022
zbs60
Oct 22, 2022
627 Posts
A lil help please😭
I opened up an account Wednesday evening. I haven't gotten any email confirmation about the 1% bonus. Did u guys get the email after your account was funded or right away? Thanks
Oct 22, 2022
4,322 Posts
Joined Feb 2008
Oct 22, 2022
Namelessme
Oct 22, 2022
4,322 Posts
Quote from Fanime :
How is Ally? I used to have a discover savings from their $200 promo but it closed due to inactivity. Now that interest rates are back up it seems wise to put extra cash in an account earning at least 2%.

Any limits to daily withdrawals or other negative quirks about Ally?
There are some high interest-paying accounts that have high interest rates like the Dollar Savings Direct but I've read some bad stuff about them.

They seem generally fine to me, I've used them for years. But I don't use them as my main bank account ... they are just used for deals like this.

Reps may be a pain sometimes to get a hold of during busy times, but otherwise they seem like any other bank to me.

If you want a bank to use as a regular bank, I'd first recommend somewhere that has local branches (just in case of potential issues)... and then pick a couple to use as backups online. I like Discover, they have super nice reps that seem to pick up the phone quickly, so they would be a decent backup option.

And depending on the amount you have, it's fine to play the bank bonus game. Just rotate through them until there isn't any left (Citi, Captial One, Chase, etc).

Oh, also want to mention a little thing you can do if you decide down the road to go with a local bank just to keep some cash tucked away -- like Chase or BOA, etc. They pay nothing as far as interest goes, but most have self-directed brokerage accounts. So you can park your money with them inside a money market (like vanguard, which is pretty safe and dollar for dollar) ... it's not the same as a sweep fund, as it'd take a day or two to sell, but it's still better than leaving it in a non-paying savings/checking account.
Last edited by Namelessme October 22, 2022 at 08:03 AM.
Oct 22, 2022
2,106 Posts
Joined Jun 2019
Oct 22, 2022
Fanime
Oct 22, 2022
2,106 Posts
Have been reading about people getting their 50k locked up? Is this common with Ally? Don't know if it's worth doing this deal if I have to deal with the headache from such shenanigans.
Oct 22, 2022
6,087 Posts
Joined Aug 2010
Oct 22, 2022
Truth-Serum
Oct 22, 2022
6,087 Posts
Quote from SeriousSnow6794 :
Citibank has better offer than ally .. link here https://banking.citi.com/cbol/che...A39C185B17

Open checking account and deposit 30k to get $500 and maintain for 60 days then covert into savings account and earn 2.20 APY
Citibank is the better offer. Closed their checking account back in May 2022. It hasn't been 180 days for me to qualify. Think ill wait a couple more days.

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Oct 22, 2022
21 Posts
Joined Mar 2008
Oct 22, 2022
noworres
Oct 22, 2022
21 Posts
Update - Open an account by 10/26/2022. [ally.com]

Not 10/21/2022
Oct 23, 2022
2,106 Posts
Joined Jun 2019
Oct 23, 2022
Fanime
Oct 23, 2022
2,106 Posts
Any issues with initial deposits of $50k and getting account locked or is this issue few and far between?
Oct 23, 2022
270 Posts
Joined Sep 2008
Oct 23, 2022
skadoo323
Oct 23, 2022
270 Posts
Quote from Fanime :
Any issues with initial deposits of $50k and getting account locked or is this issue few and far between?
Usually not an issue with large deposits getting an account locked. This mainly depends on how the ACH is setup too and who the ACH xfer is coming in from.
Oct 24, 2022
835 Posts
Joined Aug 2004
Oct 24, 2022
dealkk
Oct 24, 2022
835 Posts
Quote from Fanime :
Any issues with initial deposits of $50k and getting account locked or is this issue few and far between?
Someone have this issues?
Oct 24, 2022
2,999 Posts
Joined Feb 2010
Oct 24, 2022
balla123
Oct 24, 2022
2,999 Posts
Quote from GPz1100 :
You only need to keep the funds in there til 1/15/2023. On 1/16/2023, withdraw everything but a dollar.
but it says "Receive your cash bonus on or by February 15, 2023​
Oct 24, 2022
1,529 Posts
Joined Dec 2006
Oct 24, 2022
GPz1100
Oct 24, 2022
1,529 Posts
Quote from balla123 :
but it says "Receive your cash bonus on or by February 15, 2023​
Your point?
Original Poster
Oct 24, 2022
3,236 Posts
Joined Jun 2004
Oct 24, 2022
ieee488
Original Poster
Oct 24, 2022
3,236 Posts
Quote from balla123 :
but it says "Receive your cash bonus on or by February 15, 2023​
Right. The $1 that you leave in the account keeps the account open so that the cash bonus has a place to go.

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Original Poster
Oct 24, 2022
3,236 Posts
Joined Jun 2004
Oct 24, 2022
ieee488
Original Poster
Oct 24, 2022
3,236 Posts
Quote from THruxster :
Have any new members received an email that they are enrolled in GETPAID promo?
Yes.
The subject of the email is You're one step closer to getting your cash bonus​
I had opened an account without funding it initially.

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