Ally Bank $250 Have A Baby Bonus, Money Market Rate Offer: 0.50% APY (Nationwide)

• Cash Bonus:
  • Funding – Accounts must be opened by the expiration date and funded within 60 days of account opening.
  • The qualifying deposit to open the new account must be from outside Ally Invest.
  • The new account must be funded with a minimum qualifying deposit of $10,000 or more to receive the Minimum Cash Bonus.
  • The minimum qualifying funds to receive bonus offer must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.
  • Accounts will receive the specified credit, depending on the initial deposit amount, deposited into the account within ten (10) days of meeting the qualifying requirements.
  • Once the account is credited, the bonus and initial qualifying deposit is not available for withdrawal for 300 days after the requirements have been met.
  • If the qualifying deposit(s) are removed the bonus payout may be revoked.
  • See the table below for the deposit required for each bonus amount.

• $150 Transfer Fee Credit:
  • 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.
  • ACAT forms must be received within 15 days of opening new account.
  • 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.

• Sign up by 3/20/20: Sign up to get started, whether you’re a new customer or an existing one.
• Fund your account by 3/31/20: Move at least $1,000 from another financial institution to a new or existing eligible Ally Bank account.
• Your funds need to remain in an eligible Ally Bank account through 6/30/20.
• Get cash bonus on or around 7/30/20: Get a 1% cash bonus back on the money you moved, up to $250.

No monthly fees with these accounts.

What accounts are eligible?

• New or existing Ally Bank Online Savings Accounts, Money Market Accounts, and CDs are eligible for the cash bonus.
• If you have more than one of these accounts, they’ll consider all of them when calculating your bonus.

What accounts are not eligible?

• Interest Checking accounts, Individual Retirement Accounts (IRAs), accounts owned by a trust, custodial accounts, Uniform Gift to Minors Act (UGMA) accounts, and Uniform Transfers to Minors Act (UTMA) accounts aren’t eligible for the cash bonus.
• New money you add to these accounts, or money you move from these accounts to your eligible accounts, won’t qualify for the bonus.

What do I need to do to get the cash bonus?

• To qualify for the cash bonus, you need to sign up by 3/20/20.
• Once you have signed up, move at least $1,000 from an account at another financial institution to a new or existing eligible Ally Bank account by 3/31/20.
• You will then need to maintain the funds in your account through 6/30/20.
• Make sure you sign up using an email address that is associated with your Ally Bank account, or that you plan on using when opening your new eligible account.

How long do I have to sign up?

• You can sign up for the cash bonus between 3/13/20 and 3/20/20.
• They may modify or shorten this timeframe without notice.
• Check out their Terms & Conditions for more information.
• Remember, you can only enroll online.

How will my cash bonus be calculated?

• They’ll calculate your cash bonus based on new money moved to your account during the funding period, minus any withdrawals you make during that time.
• Funds deposited after 3/31/20 will not be eligible for the bonus.
• Your net new deposits must remain in your eligible account continuously through 6/30/20.
• Keep in mind, transferring funds out of Ally Bank and then back in won’t increase your bonus amount.
• They’ll round your cash bonus payout amount up to the nearest dollar.

How long do I need to keep net new funds in my account?

• To receive the cash bonus, you must keep your net new funds in your Online Savings Account, Money Market Account, or CD through 6/30/20.
• Any withdrawals from your account before then may reduce your bonus amount.

Do I have to use the same email address that is on my Ally Bank account?

• Yes. You must sign up using the same email address that is associated with your Ally Bank account, or that you plan on using when opening your new eligible account.