Ally Bank & Ally Invest Bonus Promotions: $100 Swagbucks, 0.50% on New Deposits up to $125

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
  1. Ally Bank Spending Account Bonus – $100
  2. Ally Bank Savings Account Referral Bonus – 0.50% of New Deposits up to $125 up to $125
  3. Ally Bank Spending Account – $200 Bonus [EXPIRED]
  4. Ally Invest – $100 [EXPIRED]
  5. How Does This Bonus Compare?

Ally Bank Spending Account Bonus – $100

Ally Bank is running a promotion for the Spending account (their checking account) through the rewards site Swagbucks. You have to sign up for Swagbucks, which is free, then search for the Ally Bank offer:

You will be awarded 10,000 Swagbucks when you open an account and receive your first qualifying direct deposit. You can’t pair this with another Ally Bank offer or you lose the Swagbucks. 10,000 Swagbucks can be redeemed for $100 through PayPal (or you can get gift cards).

To find the offer, just search “Ally Bank” in the search bar at the top:

👉 Sign up for Swagbucks

Ally Bank Savings Account Referral Bonus – 0.50% of New Deposits up to $125 up to $125

Ally Bank has a referral bonus offer where you can get a 0.50% cash bonus on new money deposited into your account.

You have to open a new Ally bank Savings Account by 3/1/2024 and deposit new money by 3/29/2024. Then, keep the cash in your account until 7/15/2024 and you get an extra 0.50% of interest on top of their current interest rate (which is 4.35% APY) – up to $125. If you deposit $25,000, then you’ll get the maximum $125.

The referral program is still a pilot program (and I wasn’t included, despite having an account there since 2009!) so I don’t have a link.

🔴 The button below goes to the promotional page, make sure you get a referral link!

(here are the official terms & conditions of the offer)

👉 Learn more about this offer

(Offer expires 3/1/2024)

Ally Bank Spending Account – $200 Bonus [EXPIRED]

Editor’s Note: As of October 12th, 2023, Ally Bank is no longer offering this new account bonus – they closed it ahead of the published deadline of October 13th. For other bank bonuses, check out our post on the best bank bonuses and promotions or click here to sign up for our email newsletter and get notified of new bank promotions. While there are no bank bonuses, there are a few credit card bonuses worth checking out!

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 10/11/2023.

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.

👉 Learn more about this offer

(Offer expired 10/11/2023)

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.”

👉 Learn more about this offer

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 Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more


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 WH124 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.

👉 Click here to learn more


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.

👉 Click here to learn more


Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more 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!

👉 Click here to learn more


HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

If none of these catch your eye, we maintain a list of the best bank promotions here.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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