1% Cash Bonus Promotional Offer: Terms and Conditions

New or existing Ally Bank account customers who 1) Enroll for the Cash Bonus through the designated website during Enrollment Period AND 2) Deposit new funds into their eligible account(s) between 10/08/18 and 11/05/18 will receive a Cash Bonus of 1% of their new deposit, up to a maximum of $1,000. New deposits must remain in the eligible account(s) through 01/15/19 in order to qualify for the Cash Bonus. Withdrawals made during the Retention Period may reduce the Cash Bonus amount. Cash Bonus payout will occur within 30 calendar days following fulfillment of these requirements.

Eligibility – This offer is only valid for new or existing personal Ally Bank Online Savings, Money Market, Interest Checking, and CD accounts. Account(s) must be open, funded, and in good standing from the time the new funds are deposited into the account(s) until the time of Cash Bonus payout. Minimum new deposit amount to receive a Cash Bonus is $1,000 into the eligible account(s). Limit one Cash Bonus per customer of no more than $1,000. Ally Bank reserves the right to refuse to open an account or pay out the Cash Bonus, at any time, for any reason.

Deposit Retention Period – Qualifying funds must remain in the eligible account(s) from 11/05/18 until 01/15/19. Any withdrawals prior to 01/15/19 may reduce the qualifying funds total, thereby reducing Cash Bonus payout.

Eligible Account(s) – Includes any single or combination of Ally Bank Online Savings, Money Market, Interest Checking, and CD accounts.

Excluded Account(s) – Individual Retirement Accounts (IRAs), Trust Accounts, Custodial Accounts, Uniform Gift to Minors Act Accounts (UGMA), Uniform Transfers to Minors Act Accounts (UTMA) and Ally Invest Accounts.

Enroll – To participate, the customer must enroll at our website on ally.com/payback during the Enrollment Period and must submit the email address linked to the Ally Bank account that the new funds are deposited to. This is an online offer only. There are no in-person, mail-in, call-in, or other offline methods to enroll for this bonus. Failure to enroll through ally.com/payback or failure to provide an email address linked to the account will disqualify the customer from eligibility for the Cash Bonus.

Enrollment Period – The timeframe in which a customer can enroll for the Cash Bonus begins at 12:01 a.m. Eastern Standard Time (EST) on 10/15/18 and continues through 11:59 p.m. EST on 10/21/18. These timeframes can be modified or shortened at any time, without any notice to customers.

Account Opening & Funding – Accounts must be approved, opened AND funded by 11/05/18 to qualify. New deposit of funds must be posted in the eligible Account(s) by 11/05/18. Pending deposits, transfers “in-flight”, or returns on or after the funding deadline will not qualify for the Cash Bonus. Cash Bonus is calculated using the total deposit of new, external funds received into any eligible account(s) between 10/08/18 and 11/05/18. The new funds deposited into the account(s) must be from outside the Ally Financial family of companies. Transfers from other banks can take multiple days to complete, so be sure to initiate any transfers well in advance of 11/05/2018.

Cash Bonus – Eligible customers that fulfill required enrollment and eligibility requirements will be paid the Cash Bonus within 30 calendar days to an account held by the enrolled customer. If the enrolled customer has more than one account with Ally Bank, the account that receives the Cash Bonus will be determined using the following logic:

  1. Online Savings Account with highest balance
  2. If no Online Savings Account: Money Market Account with highest balance
  3. If no Online Savings or Money Market Account: Interest Checking Account with highest balance
  4. If no Online Savings, Money Market, or Interest Checking Account: CD with highest balance. The Cash Bonus will be paid as interest during the term of the CD.

The Cash Bonus payout amount will be rounded up to the nearest dollar. The maximum Cash Bonus payout amount per customer is $1,000. The minimum Cash Bonus payout amount is $10.

Ally will treat the Cash Bonus as interest for tax reporting purposes. Please consult your tax advisor for potential impacts to your 2019 tax liability.