What is Ally Bank?

Ally Bank is a full-service online bank offering competitive rates, low fees and no account balance requirements. Headquartered in Sandy, Utah, and founded in 2009, Ally Bank is the digital-only banking division of Ally Financial, Inc., which has roots dating back to the 1920s.

Is all ally a good broker?

Ally is a solid choice for your next broker, especially if you already have an account with its parent bank or are looking into moving all your business to the same institution. The integration with Ally Bank makes it easy to move money from one account to the other, particularly useful when you need to make a trade quickly or pay a bill.

How much will the broker pay for my transfer?

The broker will pay for your transfer out of another brokerage account up to $150, as long as you bring at least $2,500 to your Ally Invest account. That’s real cash that doesn’t come out of your pocket if you decide to move to Ally.