Deposits FAQs

Pass-through insurance is federal deposit insurance coverage that may apply to funds that a fiduciary—like an attorney-in-fact, trustee, guardian, executor, or custodian—holds for the benefit of others, called “beneficial owners.” If the beneficial owners are eligible for pass-through insurance, this means the funds in the account could qualify for more than the standard maximum deposit insurance amount (currently $250,000 per depositor in the same ownership right and capacity).  Learn more about the FDIC

You don’t need to do anything right now to qualify for pass-through insurance. If you’re a fiduciary—like an attorney-in-fact, trustee, guardian, executor, or custodian—holding funds for someone else’s benefit, you may be required to provide a record of the interests of the beneficial owners within 24 hours of a bank failure. (The beneficial owners are the people for whose benefit you hold the funds.) You’ll only have to do this in the unlikely event of a bank failure. If you’re not a fiduciary—like an attorney-in-fact, trustee, guardian, executor, or custodian—these requirements don’t apply to you.  Learn more about the FDIC

Yes. Ally Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC protects your Ally Bank deposits up to $250,000 per depositor for each qualifying account ownership category Learn more about FDIC insurance

In most cases, you can set up direct deposit to your Ally Bank Spending Account in minutes right from our direct deposit page . 

For all accounts: If you’re setting direct deposit up from your employer or payment provider’s website, use our routing number (124003116) and your account number. If your payment provider needs a direct deposit form, you can download one .  

It may take 1-2 pay cycles before your new direct deposit takes effect. 

You can deposit up to $50,000 in a single day and up to $250,000 every 30 calendar days using Ally eCheck Deposit.

If you've exceeded the eCheck daily or monthly deposit limit, you have the option to mail a check to:

Ally Bank 
P.O. Box 13625 
Philadelphia, PA 19101-3625

Make sure the check is made payable to you and is properly endorsed with signatures of all payees. Also write your account number and For Deposit Only on the back. Be sure to seal the envelope properly.

We don't accept cash.

You can deposit checks by mail to:

Ally Bank
P.O. Box 13625
Philadelphia, PA 19101-3625

Make sure checks are properly endorsed on the back with For Deposit Only, your account number, and the signatures of all payees. You can order deposit slips by logging in at ally.com, selecting Deposits, then Check Deposits and then choosing Order deposit slips and envelopes.

We don’t accept cash.

If you've used all of the pre-paid, self-addressed Ally Bank envelopes included with your welcome kit, give us a call at 1-877-247-2559 or request more online - they're free!

We’ll deposit the written amount on the check. If that amount differs from the amount you entered, we’ll make the adjustment on our end. 

Call us at 1-877-247-2559 if you have questions about your deposit.

Absolutely. If you have multiple checks, make sure to submit all of them by 7 pm ET on the same business day and we’ll apply the total amount to your new CD.  Keep in mind that you can’t use Ally eCheck Deposit to add money to your CD during the term.

See the Ally eCheck Deposit section of the Ally Bank Deposit Agreement (PDF) for daily deposit limits.

Yes, we use the latest security features to securely transmit the image of your check from your scanner to Ally. We also give you security tips on how and how long to store the image you have on your computer. 

For more information about how we protect you and to read our Online Banking Security Guarantee, visit the  Ally Security Center.