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Tell Me About Ally Bank

Posted on 5/1/16 at 3:52 pm
Posted by Patrick_Bateman
Member since Jan 2012
17823 posts
Posted on 5/1/16 at 3:52 pm
Is it the best online bank (as many sites suggest)? Who here uses it? What are the pros and cons?

Thinking of transferring my checking and savings accounts to Ally for a couple reasons - convenience, and higher rates of return. Thoughts?
This post was edited on 5/1/16 at 3:53 pm
Posted by Teddy Ruxpin
Member since Oct 2006
39622 posts
Posted on 5/1/16 at 3:59 pm to
I use it for cash savings.

It's an online bank

That's pretty much it.
This post was edited on 5/1/16 at 4:00 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 5/1/16 at 4:41 pm to
I avoid it for moral reasons.
Posted by bayoubengals88
LA
Member since Sep 2007
19057 posts
Posted on 5/1/16 at 4:51 pm to
Worst costumer service I've ever ran across.

Linked my checking with them in 2014 and started a saving with a minimum deposit.

Checked backed...account is no longer linked, and they want ME to jump through hoop after hoop to fix the problem.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 5/1/16 at 5:45 pm to
Formerly known as General Motors Acceptance Corporation. Required bailout by United States Treasury in 2008.
Posted by Napoleon
Kenna
Member since Dec 2007
69257 posts
Posted on 5/2/16 at 4:25 pm to
I have a savings account I use only for vacations there. Not bad, but I like my local bank and other than the 1% interest I get everything else from my local bank.


I just have Ally set up to pull a set amount weekly from multiple accounts.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27232 posts
Posted on 5/2/16 at 8:13 pm to
I've never had an issue with Ally. Money goes in easy, comes out easy. I can't imagine why anyone would put their emergency fund anywhere else.
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 5/3/16 at 9:43 am to
I use Ally and have no complaints. But I don't do anything more complicated than ACH and the occasional paper check (their photo-deposit app works fine).
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