Offer at a glance
- Maximum bonus amount: $250
- Availability: Nationwide
- Direct deposit required: Yes, no minimum
- Additional requirements: None
- Hard/soft pull: Mixed DP
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: December 31, 2023
Contents
The Offer
- Ally Bank is offering Ally Auto Loan customers when you open a new spending or savings account and complete the following requirements:
- Use promo code ALLYAUTO1
- Set up and receive at least 1 qualifying direct deposit within 60 days of opening your new account.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Ally Bank Spending Account has no monthly fees to worry about.
Early Account Termination Fee
There’s not EATF.
Our Verdict
Better than the previous $200 public bonus and better than the current $150 Swagbucks bonus. Definitely worth doing if you’re an Ally auto customer.
Hat tip to reader Bob the Bonus
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
View Comments (15)
Too late to edit my previous post, but I just learned that GM Financial is not the same as Ally Bank. Duh.
Opened acct 10/29
DD of $1 on 11/3
$250 Bonus deposited 11/9
Can't get much quicker than that! I just got approved for an Ally auto loan, so I don't know my account number. Did they ask for yours when you applied?
Up next.. Ally Bank Mortgage Loan Customers $300 Checking Bonus
They need to just do GET300 without expiration date + referrals, no SB/MP strings and call it a day.
Last night I checked for Ally offers outside of the Swagbucks type of offer, and found nothing. Today I pulled the trigger on the $150 Swagbucks offer. Then I came here and saw $200.
Lucky for me I don't have the auto loan, or I'd have to feel sad.
Does it work if we never had an Ally Auto Loan?
Related question: Can I claim the child tax credit on my federal income tax return if I don't have kids?
hahahahaha! good one
Lmao the program is earned income credit for kids. Cant get any easier wY to figure it out than that pal. Fully being respectful 🫶🏻
Just got my $200. Will wait some time until I close it.
I can't find anywhere in the fine print or T&C the minimum DD of $1500 shown in The Offer at a Glance section here. Am I missing something?
There’s no minimum amount that the DD should be. Hopefully it gets corrected in the post.
Does anyone keep an auto loan with Ally?…
Depends on the rate someone obtained.
If you can't do better elsewhere, they're probably not worth paying the fees to move an auto loan. (e.g. $90 documentation fees for a new auto loan with a new lender)
this bank is wierd.