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
Ally Bank – New Year’s Eve $250 Baby Bonus [EXPIRED]
I’m listing this one first but it applies to be very small subset of potential depositors. 🙂
If you had a baby born on December 31st, 2020 then you can get $250 from Ally Bank into a custodial Online Savings Account. You just need to sign up for the promotion and upload a copy of your baby’s birth certificate before July 31st, 2021. You don’t even need to deposit money, they’ll stick in a dollar just to keep it active.
You can’t do this until you get a Social Security Number (which you probably have by now but just in case) because you’ll need it to open the account.
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.
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. 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 WH922 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 – $100 Bonus Offer
Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 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 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!
Huntington Bank – up to $300
If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.
If none of these catch your eye, we maintain a list of the best bank promotions here.