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SamL
SamL

The Ally brokerage bonus payouts have been reduced. https://www.ally.com/go/invest/promotion.html

Steve
Steve

Does anyone know how we can confirm if we got the bonus in any sort of account activity? I see a “Total cash and money fund” with >$200 in it since I put in $25k in early December but TBH I can’t remember if/when the bonus posted and there seems to be no way to see the activity in the “Total Cash and money fund.”. I guess I can look over previous monthly statements and see if there’s a sudden increase in the “Total Cash and money fund” but does anyone know how to actually see the activity in this account online?

arihalli
arihalli

Steve, go to INVESTMENT ACCTS tab, go to ACTIVITY, then put in any dates you want to see your history of activity.

arihalli
arihalli

long time on hold, poor support. AND , for those who want to invest in a mutual fund? —— it costs $9.95 in and out commission. I don’t know of anyone else that charges a commission for generic mutual funds. Might as well use EFT’s.

JJ
JJ

Ally could not even get the correct address updated for statement and tax form, customer support is clueless and phone call / live chat takes forever to answer no mater day or night. Run away ASAP.

Enigma343
Enigma343

I just got off the phone with Ally Invest and was informed the reimbursement was for transfer and not termination fees… are they really distinct? Did it work differently for anyone else?

SB
SB

Of course they’re distinct. Check the fee schedule of the bank/brokerage where the money is currently held to see whether and how much they charge for ACATs and closures. As just one example, tastyworks has a $75 fee for “Outgoing ACAT Transfers” and a $60 “IRA Closing Fee” (https://tastyworks.com/commissions-and-fees/).

Charles Mann
Charles Mann

Wow! Ally’s level of incompetence is unprecendented! One hour hold times, dropped calls, clueless reps, anyone wasting their time with these clowns will truly be sorry after the experience.

SamL
SamL

What were you trying to do, and what happened?

SamL
SamL

Okay, I guess I’ll dismiss that as a generic rant.

Jim
Jim

Looks like Ally updated their link, maybe we can revise the “Direct link to offer” to https://www.ally.com/go/invest/promotion.html William Charles

Current expiration is 12/31/2020

Offer appears to be good for both cash and IRA accounts

sg77

For bonus amounts less than $600, does Ally Invest include the bonus on a 1099?

Triv
Triv

Worth mentioning they also reimburse transfer fees up to $150 – any other broker having this?

Jim
Jim

Yea, virtually every brokerage, especially the big ones, will reimburse upon request — Schwab, Merrill, Etrade, TDA

Enigma343
Enigma343

I just got off the phone with Ally Invest and was informed the reimbursement was for transfer and not termination fees… are they really distinct? Did it work differently for you?

SB
SB

Of course they’re distinct. Check the fee schedule of the bank/brokerage where the money is currently held to see whether and how much they charge for ACATs and closures. As just one example, tastyworks has a $75 fee for “Outgoing ACAT Transfers” and a $60 “IRA Closing Fee” (https://tastyworks.com/commissions-and-fees/).

Ken
Ken

Any previous customers get the bonus again? Chat says the bonus is once per lifetime even though the existing accounts have been closed for more than 90 days.

SamL
SamL

I’d like to know this too. Terms don’t seem to indicate that it is only once ever, but that you have to fully close (for 90 days) which is still strict, and forces fees. I havn’t done this one, so want to know if it’s one shot.

Fred
Fred

I had an account (and received a bonus) and closed it back when they were TradeKing. I’ve been meaning to call them over the past 2-3 years to ask if I would qualify.