The Offer
- Ally Bank is offering $250 in a custodial savings account for babies born on December 31, 2020 to give the baby a head start on their finances.
To open an account, visit here between Jan. 15, 2021 and July 31, 2021 to begin the process
The Fine Print
- Child must be born between 12:01 a.m. and 11:59 p.m. in local time on December 31, 2020
- Baby must be a US citizen or a legal permanent resident and have a residential street address (not just a P.O. box) in one of the 50 U.S. states, Guam, or the U.S. Virgin Islands
- Must provide Ally with the baby’s social security number and birth certificate showing the birth on December 31
- Must provide the mother’s maiden name
- You can enroll in this offer from 1/15/21 – 7/31/21
Our Verdict
Nice little bonus on top of the big bonus of having a child; too bad there was no heads-up to plan for the deal. 🙂 Please let us know if there any DoC-reader babies born today. And congrats to the new parents!
One of my best friends had a daughter on the 31st!
I’ll let you know if he claims it 🙂
Same here. I’m hoping he cashes in
Can I churn the offer for another $250 every year with the same baby? Is it chex-sensitive?
“Come on honey, PUSH! We only have 10 more minutes to get that $250!!”
How many times can a kid be adopted? With a few trusted Ps, you guys can really churn the adoption credits.
Looking for a P2
Kyle I’ll be your P2. By the way did you get all those Kiwi box credits?
Uncle Sam will kick in an extra $600 🏌️ 🤰🤱👼
The $250 won’t make up for the fact that the cusp birth means that with the labor and delivery you’ll hit your 2020 health insurance out of pocket max. Then the in-patient recovery time in the hospital goes against your 2021 out of pocket max. It’s the most expensive birth date you can have!
$2k tax credit for 2020 though
😥 I only got $25 for being the first baby born on January 1st Highland park it was actually in the evening on the first. All the other mother’s in the Maternity ward induced on the 31st (three shuls within 1/2 mile of the hospital) probably for the tax deduction 😁.
Offer terms:
– Eligible for those who signed up in March.
– Once offer terms are fulfilled it is a Life time commitment.
– Bonus is offered once per person per life time. Pls dont make it a habit to sign up every year.
My 12/31 baby turned six today. Is it too late to DM to match this offer?
I was able to successfully price match with dm