Ally Bank is offering a substantial $300 cash bonus for new Spending Account customers who meet direct deposit requirements. Here’s everything you need to know about this promotion.
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The Offer Details
Bonus Amount: $300 cash
Promo Code: GET300
Deadline: Must use code by November 18, 2025
Account Type: First Ally Bank Spending Account only
Trending Checking Account Deal:
How to Qualify (3 Simple Steps)
Step 1: Open Your Account
- Open your first Ally Bank Spending Account
- Use promo code GET300 by November 18, 2025
- Add money within 30 days or the account will close
Step 2: Set Up Direct Deposits
- Establish qualifying direct deposits of at least $1,000 per month
- Must maintain this for two consecutive months
- First $1,000+ direct deposit must post within 60 days of account opening
Step 3: Receive Your Bonus
- Ally pays the $300 bonus within 30 days of your second qualifying direct deposit
- Keep your account open and in good standing to receive payment
Trending Savings Account Deal:
What Counts as Qualifying Direct Deposit
Based on typical bank requirements, qualifying direct deposits usually include:
- ✅ Payroll from employer
- ✅ Government benefits (Social Security, unemployment)
- ✅ Pension payments
- ❌ ACH transfers from other banks you own
- ❌ Mobile check deposits
- ❌ Wire transfers
Check Ally’s full terms for specific exclusions
Account Benefits Beyond the Bonus
No Fees Structure:
- No minimum balance requirements
- No hidden fees
- No overdraft fees ever
- Up to $10 monthly ATM fee reimbursement
Interest Rates:
- 0.10% APY on balances under $15,000
- 0.25% APY on balances over $15,000
Additional Features:
- Early direct deposit (up to 2 days early)
- “Buckets” for spending organization
- 24/7 customer support
- FDIC insured up to maximum limits
The Math: Is This Worth It?
Required Commitment: $2,000 total in direct deposits over 2 months
Reward: $300 cash bonus
Effective Return: 15% on your required deposits
This is an excellent return, especially since you’re likely already receiving direct deposits elsewhere that you can redirect to Ally.
Trending Savings Account Deal:
Important Considerations
Timeline Requirements:
- Account opening: By November 18, 2025
- First direct deposit: Within 60 days of opening
- Second direct deposit: Must be consecutive month after first
- Bonus payment: Within 30 days of second deposit
Account Requirements:
- Must be your first Ally Bank Spending Account
- Account must remain open and in good standing
- Joint accounts are eligible (check terms for specifics)
How to Set Up Direct Deposit
You’ll Need:
- Account number (available after opening)
- Ally’s routing number: 124003116
- Direct deposit form from your employer
Process:
- Contact your HR/payroll department
- Provide Ally account details
- Request at least $1,000 monthly to new account
Bottom Line
This is one of the stronger bank bonuses available, requiring only direct deposits you’re likely already receiving. The $300 bonus, combined with Ally’s fee-free structure and competitive rates, makes this an attractive option for anyone looking to switch checking accounts.
Key Success Factor: Ensure your direct deposits total at least $1,000 monthly for two consecutive months. Many people split their paycheck between accounts, so you might direct a portion to Ally while keeping some at your current bank during the qualification period.
Always review the complete terms and conditions before opening any new account.
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