This deal has expired, view more Ally deals by clicking here.
Please keep in mind that the fine print says offer non transferable and people did receive individualized links. It looks like there is a public link but no guarantee it will work. Update: I’m seeing public advertisements for this, so should work for everybody.
The Offer
- Ally Invest is offering two offers:
- 90 days of free trades with a $10,000 minimum investment. This isn’t that interesting so won’t really talk about it.
- $200 cash bonus with a $200 minimum investment. Requires the following:
- Must fund new account with at least $25,000 within 15 days of account opening
- Must execute at least 3 trades within 90 days of account opening
- Must maintain a balance of $25,000 (minus any losses) for 90 days
The Fine Print
- This offer is valid for one new individual or joint account opened by 3/31/2018, funded with at least $25,000 within 15 days of account opening, and that executes at least 3 trades within 90 days of account funding.
- ACAT forms must be received within 15 days of opening new account.
- New accounts are eligible for this special offer when opening a new Ally Invest account and funding with a minimum of $25,000 within 15 days with funds from outside Ally Invest Securities, LLC.The minimum funds of $25,000 must remain in the account (minus any trading losses) for a minimum of 90 days from date of funding account.
- You must apply for this promotional offer by clicking through this page to our online application and opening an account. New accounts receive cash credit within 10 business days of meeting promotion requirements. Bonus is not available for withdrawal for 120 days after it is awarded to your account.
- Must complete a first-time ACATS account transfer of $2,500 or more to receive a Transfer Fee Credit of up $150 to cover the outgoing transfer fee from your current brokerage firm.
- Credit will be deposited to your account within 30 days of receipt of evidence of charge.
- This transfer reimbursement offer does not apply to Termination Fees or Maintenance Fees.
- Not valid for any retirement or ERISA qualified accounts.
- Offer is not transferable.
- Open to US residents only.
- Excludes current Ally Invest Securities, LLC account holders.
- Excludes former Ally Invest Securities, LLC (formerly TradeKing Securities LLC) account holders who have closed their accounts within the past 90 days.Ally Invest can modify or discontinue this offer at any time without notice.
- Individuals that reside in apartment complexes or units that share a similar address may be subject to a manual payout.
- Other restrictions may apply.
- This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
- If you believe you have met the requirements and should have received the promotion please reach out to us at [email protected] or 1-855-880-2559.
Our Verdict
I personally don’t go after these deals as I prefer to invest into low cost mutual funds and try to forget about my investments whenever possible. Maybe I’m being lazy but this seems like too much work for $200. Let me know if I’m being unreasonable in the comments or if you think of the best way to maximize it.
Hat tip to reader Michael
