Ally Launches Referral Program ($100/$50) [Direct Deposit Not Required]

Update 8/8/24: This is now an open program and no direct deposit is required.

  • Enroll in our referral program by 12/31/2024.
  • Open a new Ally Bank Savings Account within 30 days of enrollment.
  • Set up (within your new account) and start a qualifying monthly automated recurring transfer within 30 days of account opening.
  • Complete at least 3 back-to-back monthly automated recurring transfers.

Ally has launched a pilot referral program. The person being referred receives a $100 bonus and the person referring receives a $50 referral bonus. The person being referred needs to receive a direct deposit within 60 days of sign up to receive the bonus. The standard Ally bonus is 1% of the deposit and that is available for new & existing customers, as that offer works for existing customers you’d be able to do both of these if that offer returns.

You can find a referral link in this dedicated comments thread. Do not share or request referrals in the comments below.
    William Charles
  • On August 8, 2024, 10:00

View Comments (245)

  • Early payout for referral?
    8/21 P3 Opened Account
    8/24 P4 Opened Account
    8/30 1st $50 Automated Monthly DD Posted for both
    9/16 Email and Ally Posted $100 earned for referring friends

    Both of their accounts have not received the $100 bonus yet

    Both signed up for the Savings Account with the requirement that they do 3 monthly automated recurring transfers.

  • I received a $50 referral bonus on Friday. It's possible that someone combed through the referral thread from last August and used my referral recently, but I suspect it was a very delayed payout from an account opened last year.

  • On 9/13, I received a $100 bonus ($50 x 2?), so I am assuming two lucky superstars who used my referral in early August got their bonus as well. Thank you!

    • Did you mean your P2 received a $100 bonus? You said you never received a referral link from Ally but your P2 has the link.

      I hope Ally does not mess up and send the bonus to the wrong person.

      • Yes, it was my P2. I wasn't cool enough to get my own link. My P2 did not use a referral link as she has had an account for years.

        I am assuming the $100 is for two referrals. Posted as "Description::Bonus Payment" @guest_1889929 That would be pretty crazy if they flip-flopped the bonus payouts, but I think that would be extremely unlikely.

  • Any recent DP's for spending account referral bonus? How long after QDD should it take for bonus to post?

    • According to the terms, "Your $100 welcome bonus will be deposited within 30 days of receiving your qualifying direct deposit." So it should be fast.

  • Can anybody comment on how long it takes to receive the referral link emails? I was going to loop P2 in from my recently opened account from one of the referral links, but I'm wondering if you need to be a well established account to be eligible.

    • I've had my Ally account several years before my P2 (2018 vs 2022)... she got a link, I did not. @guest_1899776

      She also gets multiple nag emails about the $100 Ally Invest brokerage bonus, and I do not.

      I recently went into my Ally profile settings and turned off marketing options, and then instantly turned them back on. Hoping that helps, but I have my doubts.

    • I would expect them to pull Chex, similar to when you open an Ally Spending or Savings account as a new customer. BTW, money market account is not an eligible account for the referral program.

      • I'm opening a trading for the bonus but wanted a money market just for it being very useful, as I'm already with Ally credentials, why not?

        • Good to know the money market account is not intended for the bonus in your plan. There have been several DPs that existing Ally deposit account holders may avoid the Chex pull when opening another deposit account. If you are just an invest account holder, I think very likely Ally will try to pull your Chex when you open a deposit account with them for the first time, but who knows? One strategy to potentially avoid the Chex pull you may consider is to freeze your Chex and then apply for the money market account. If they ask you to unfreeze your Chex, then you can decide if you want to continue with the application or not.

          • I've tried to get couple agents nswer me that question specific question they were not understanding (they only said it will be a soft credit pull). I'm 99% sure spending or savings will pull Chex even if I already have the Investing, I'm starting to think Money Market will too, I'm not too worried about the pull itself but if they deny me due to being about 12/6, the Chex freeze idea was a good one!

  • Anyone else's application taking more than 3 business days to get approved?

    I applied 7 days ago and on the same day received an email asking to 'complete a ChexSystems lift' and to reply 'COMPLETE' within their linked Secure Portal when done. I thawed it that day and replied within the portal but haven't had any contact from them since.

    Just wanted to know if I should be aware of anything before calling them.

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