Transfers FAQs

Trial deposits can take up to 3 business days to show up in your records for your accounts at another institution.

Either account holder can view pending transfers, but only the person who created the transfer can change or cancel it online. If you need to make a change, please check with account holder who created the transfer.

Once you log in to online banking, select Transfers, so you can review, edit or cancel your scheduled transfers. Keep in mind, transfers between your Ally Bank accounts are immediate, so they can't be canceled or changed.

When you set up an account at another institution for transfers, we make small trial deposits (less than $1.00 each) into the account and ask you to verify the amount of each deposit. This lets us know you own the account and that we have the correct routing and account numbers.

Once you log in to online banking, choose Transfers. Select the account you want to transfer money from and the account you want the money transferred to, enter the amount you want to transfer, and set the frequency of recurrence.

No, we don't charge a fee to transfer money from or to your accounts at another institution. You should check with your other bank to see if they charge a fee.

Once you log in to online banking, choose Transfers, and then select Manage Linked Accounts.

We'll ask you to provide the following information for your other account:

• Routing number
• Account number
• Account type

We verify the ownership of your account before you can use it for transfers. Call us at 1-877-247-2559 if you need help. We’re here 24/7.

If you're transferring money between an Ally Invest account and an account at another institution, go to Transfers and then select Invest Transfers.

Standard and expedited transfers between your Ally Bank and Ally Invest accounts are free, as are transfers between these accounts and accounts at other institutions. Keep in mind, a $30 returned Automated Clearing House (ACH) fee may apply for failed transactions.

Ally Invest charges a $50 transfer fee for each partial or full Automated Customer Account Transfer Service (ACATS) transfer of securities or cash from any Ally Invest account to another firm. Additionally, we charge a $25 closing fee when an Ally Invest Individual Retirement Account (IRA) is closed upon full distribution of IRA funds. When an Ally Invest IRA is closed due to a full transfer to another firm, a total of $75 is charged ($50 transfer fee, plus $25 closing fee).

In most cases, no.

But to protect you from fraud, we limit wire transfers to $25,000 for 90 days after you open your first Ally Bank account. You can request an exception if you need to wire more.

Absolutely. You can schedule a wire up to 30 days in advance.

You’ll need your recipient’s name, routing number and account number.

If the instructions you received from your recipient mention an intermediary or receiving bank and include a “For further credit to” section, you’ll select More than one bank when filling out your wire request. You’ll need to include the intermediary or receiving bank name and routing number and the beneficiary bank name and account number when making your wire request.

Sometimes a receiving bank will use another bank to deliver a wire. In other words, your wire will go to that bank and that bank will route it to your recipient.

If your recipient uses an intermediary bank, the instructions you receive from your recipient will normally reference a “For further credit to” section and include an intermediary bank name and routing number. 

If you're requesting same-day delivery, we have to fully review wires before 3 pm ET. We'll need time to review your wire, so be sure to send it as early as possible.

Fully-verified wires are sent by 6 pm ET. Keep your phone handy in case we need to call you and verify some information.

We’ll continue to review wires that aren’t fully verified by 3 pm ET on the next business day. We don’t process wires on weekends or bank holidays.

We charge a $20 fee when you wire money from your Ally Bank account to another bank. We’ll refund this fee if you’re wiring money from your Ally Bank account to your Ally Invest account.

We don’t charge a fee to receive a wire, but keep in mind that the bank sending the wire or an intermediary bank may charge you a fee on their end.