Transfers FAQs

You can now request an account transfer online. Once requested, it takes generally 5 - 7 business days for us to process the request.

To sweeten the deal, we'll credit you $75 (to cover any possible account transfer fees) when you complete an account transfer of $2,500 or more from another broker.

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).

Your form may be filled out incorrectly or missing information. If this is the case, we'll email you with instructions on how to provide us with the accurate information. If your form was rejected for another reason, we'll email you with an explanation and with any steps you can take to fix the issue. 

It sometimes takes 1 to 2 business days before our system displays the transfer in your account. Check your email for updates. We'll email when your transfer is initiated, and if it gets placed on hold or rejected, we’ll email with an explanation.

Ally Invest's DTC number is 0158.

DTC number is used to transfer individual stock positions from broker to broker.

DTC transfers normally take 2 to 3 business days to process.

Some penny stocks that trade on the over the counter bulletin board and pink sheets may not be accepted by our clearing firm APEX Clearing Corp when requesting a transfer into Ally Invest. Please contact customer service if you have any questions about transferring in a security.

A DRS transfer provides registered owners with the option of holding their assets on the books and records of the transfer agent in book-entry form. This method of transferring securities is done electronically.

A DWAC transfer is another type of electronic transfer. DWAC stands for Deposit / Withdrawal at Custodian and allows transfers to be done directly with the issuer's transfer agent.