Update 3/16/23: Another round went out, valid through 12/31/23 (ht Sheriff)
The Offer
Direct Link to offer (note again, this is a targeted offer)Â
- Ally Invest is offering $100 signup bonus when you meet the following requirements:
- Open an Ally Invest Self-Directed Trading account or Robo Portfolio using the links on this page by 02/22/2023.
- Set up and start a monthly recurring transfer of at least $50 within 30 days of opening your account.
- Complete at least 3 consecutive monthly recurring transfers by 05/23/2023.
- Keep your Ally Invest account open and in good standing until we deposit your $100 cash bonus. Bonus will be deposited by 6/15/23.
The Fine Print
- This unique offer is only available to select Ally Bank customers. Only the original email recipient is eligible and this offer cannot be transferred or shared. We’re all about playing fair, so if we believe you’re trying to game or abuse this offer, you won’t be allowed to participate in this offer or any future offers.
- You must open your eligible account between 01/19/2023 and 02/22/2023 and set up and make a $50 minimum monthly recurring transfer from any bank within 30 days of account opening and complete at least three consecutive monthly transfers by 05/23/2023.
- Your new eligible Ally Invest account must be open and in good standing at the time of the bonus payout to receive your bonus by 06/15/2023, to be paid directly to an Ally Invest Self-Directed Trading account or Robo Portfolio account you own. If you open more than one Ally Invest Self-Directed Trading account or Robo Portfolio, Ally Invest will pick an account to fulfill. You will receive an email with your bonus details closer to bonus payout.
- We’ll treat the bonus as interest for tax reporting purposes. You should talk to your tax advisor about potential impacts to your 2024 tax liability.
Our Verdict
Pretty easy offer to complete with three $50 deposits.
A lot of people sent this in (thanks all!), and some have noted the fine print which indicates it’s a targeted offer. We’ve seen a similar offer in the past, I believe there have been better bonuses in the past as well.
Got this targeted offer last year and signed up, met all requirements and never got the bonus. Big waste of time.
one wouldn’t actually need to make trades ? Just transfer in according to the terms and leave in cash area of the invest account ?
I don’t think you even need to keep the cash in there. Setup monthly Transfers, then move the money back out after. That’s what I am doing (so guess I’ll be a DP in the near future).
OK, GMAC 2.0.
I will NOT attempt this pot of gold unless targeted.
Apparently a new batch was sent, I just got targeted just now for this offer, apply by 12/31/2023
Chuck 
William Charles
For those interested in parking their money in a money market fund (or any mutual fund), the following appears on the Ally website:
“Ally Invest eliminates the $9.95 mutual fund transaction fee! Access over 17,000 mutual funds with your Self-Directed Trading Account.”
Note that there is a $100 minimum order size for online mutual fund orders.
I was rejected without explanation, but magically 2 weeks later I got an email stating I was approved. I called to confirm and they confirmed I am approved. Weird.
Anyways, my email also states monthly transfer of any amount, no $50 requirement. However, I am going to transfer $50/mo just to be safe.
Same with mine. I am opening with $50 but then doing only $5 every month
1 Open an eligible Ally Invest Self-Directed Trading account or Robo Portfolio through this page by 2/22/2023.
2 Set up and start a monthly recurring transfer amount of your choice within 30 days of opening your account. Then complete at least 3 consecutive monthly transfers by 5/23/2023.
3 Keep your Ally Invest account open and in good standing to receive your $100 cash bonus on or by 6/15/2023.
How are you guys transferring new money to this?
There isn’t an ACH option.
The chat rep says that transfers from another Ally account
will meet the requirements tho.
Yes there is an ACH option.
I have a tiny Ally checking account that I have had for years. Not much activity. I was not targeted. After seeing this item on DoC, I decided to have a little fun.
I started poking around on the Ally site, clicking here and there, but not doing anything. Then I got some junk mail, and replied to some links in some of their messages. But nothing about this offer. That was about a week ago. Today I got a targeted email. Coincidence? You might think that. I couldn’t possibly comment.
Strange it was not mentioned in any of the ally invest posts here. But only US Citizens and Permanent Resident can open the account. No go for Resident Alien.
Yeah, this was mentioned in the Ally deposit bonus thread but definitely worth repeating here.
What’s the diff between Permanent Resident and Resident Alien. Aren’t they the same thing. Maybe you can explain to me how Ally Financial makes the distinction, because I’ve never legally understood any difference between Resident Alien and Permanent Resident. Resident Alien has been a long term that’s been around much longer than Permanent Resident. Not a US citizen and you don’t have to go to jury duty? https://www.us-immigration.com/blog/who-is-a-resident-alien/