I’ve been a fan of Ally Bank since the early days and it’s been my main bank for many years.
I’m a big fan of Ally Bank as a bank given all of its perks and it’s made even better when there is a bonus. If you want to learn more, our deeper review of Ally Bank will help you understand why I like them so much.
Ally typically offers two types of bonuses:
- Ally Bank – for checking, savings, and other deposit products
- Ally Invest – for self-directly and managed brokerage accounts
Table of Contents
Ally Bank Spending Account – $200 Bonus
Ally Bank doesn’t offer a bonus on their checking accounts very often so it’s a nice treat to be able to share this one with you today.
You can get $200 from Ally when you open an Ally Bank Spending Account using the promo code GET200 before 11/30/2023.
Then, set up one or more direct deposits that total at least $1,500 within 90 days. Once you satisfy those conditions, you’ll get your bonus within 30 days.
You are eligible if you are a new customer and have not received a cash bonus from Ally Bank within the last 12 months for setting up a qualifying direct deposit.
A nice little bonus for a reasonable direct deposit requirement.
Ally Invest – $100 [EXPIRED]
Ally Invest has a $100 promotion on their Self-Directed Trading and Robo Portfolio account.
You have to:
- Open an Ally Invest Self-Directed Trading account or Robo Portfolio using the links on this page by 02/22/2023.
- Set up and start a monthly recurring transfer in an amount of your choice within 30 days of opening your account.
- Complete at least 3 consecutive monthly recurring transfers by 05/23/2023.
- Keep your Ally Invest account open and in good standing until we deposit your $100 cash bonus.
In the terms and conditions, it does say “
This unique offer is only available to select Ally Bank customers. Only the original email recipient is eligible and this offer cannot be transferred or shared. We’re all about playing fair, so if we believe you’re trying to game or abuse this offer, you won’t be allowed to participate in this offer or any future offers.”
How Does This Bonus Compare?
Since Ally Bank doesn’t have an active bank promotion, it’s hard to compare but here are a few great live offers.
⭐ BMO Smart Advantage Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Smart Advantage Checking and when you have a total of $4,000 or more in qualifying direct deposits within the first 120 days. It is a very straightforward offer that is available nationwide.
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2024. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH923 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up and receive a direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
If none of these catch your eye, we maintain a list of the best bank promotions here.