What city and state is Ally Bank in?

Asked By: Emelinda Marote | Last Updated: 30th January, 2020
Category: business and finance business loans
4.2/5 (53 Views . 35 Votes)
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.

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Herein, does Ally Bank have physical locations?

Put simply, direct banks like Ally Bank don't have physical branch locations. Instead, customers do all their banking online, over the phone or through the mail. In the case of Ally, we're able to offer our customers competitive rates and low fees on our savings accounts, checking accounts and CDs.

Furthermore, is ally a real bank? Ally Bank is an online-only bank offering competitive deposit accounts and other financial services. Ally's roots go back to 1919 when it started out as GMAC, the finance arm of automaker GM. The bank rebranded in 2009 as Ally Bank, a straight-talking online bank.

Also to know is, who is Ally Bank owned by?

Ally Bank grew out of what was formerly GMAC (General Motors Acceptance Corporation), which used to be a wholly owned subsidiary of General Motors involved in dealer financing(wholesale), consumer financing, vehicle insurance and eventually mortgage financing and real estate.

Where do I send my ally car payment?

  1. Mail. Send your payment to: Payment Processing Center. P.O. Box 9001951.
  2. Note: Please include your Ally Auto account number on your check.
  3. Phone. Call 1-888-925-2559 to pay over the phone through a third party who may charge a fee for its payment services. This fee is in addition to your payment amount.

39 Related Question Answers Found

How do you deposit cash into Ally Bank?

If you need to add cash to your account, there are two ways around it. The first is to deposit it into another account at a different bank, then transfer it to your Interest Checking account. The other option would be exchange cash for a money order, then mail that it to Ally.

Is Ally Bank safe to use?

Yes, Ally Bank is FDIC insured and safe. Though it doesn't have physical locations like traditional banks, Ally follows the same rules and legal regulations. The FDIC insures your savings, checking, and CD accounts up to $250,000 (per depositor), just like the "old-fashioned banks."

Where is the ally bank located?

Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.

How do I set up an ally bank account?

Opening an Ally Bank account online is simple. Go to the product page for the type of account you want to open (Interest Checking, Online Savings, CD, Money Market or IRA) and select Open Account. Then, enter your personal information and choose the terms and funding options you prefer.

Can you deposit cash at an ATM with Ally?


Ally unfortunately does not accept cash. You can only deposit money via: Remote check deposit with Ally eCheck Deposit. Wire transfers and mail.

Do you get a debit card with Ally Bank?

Can I have one debit card for all of my Ally Bank accounts? No. You'll have a separate debit card for each Interest Checking Account or Money Market Account you have with Ally Bank. To request a debit card for an existing Interest Checking Account or Money Market Account, call us at 1-877-247-2559.

Is ally banking good?

Ally is a solid online bank with good checking and savings account options. And with its savings account, monthly transaction No. 7 and following will be charged a $10 fee. But if you want to park your money in a savings or even checking account hassle-free, this is a good solution for you.

What ATM does Ally Bank use?

Use any of the 43,000+ Allpoint® ATMs in the U.S. for free. We reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide. Get cash back at most grocery stores, gas stations and other retailers when you make a purchase with your debit card — there's no fee.

Has Ally Bank Been Hacked?

If your accounts were to be hacked, though, you won't be liable for those fraudulent charges and activity. As an FDIC-insured bank, Ally will make good on your deposits with the help of the federal government.

Is Ally Bank FDIC insured?


Ally Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As an Ally Bank customer, your Ally Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

Who is CEO of Ally Bank?

Jeffrey J. Brown

How often does Ally savings pay interest?

They deposit your monthly interest on the 5th of the next month.

How long is Ally Bank application?

Minute 5: Submit the application.
Once you review the disclosures, just check the box, select “Submit Application,” and you're all set. You should hear back from us at Ally Bank within three to five days with confirmation that your account has been opened.

Does Ally Bank do a credit check?

William: Ally does offer the checking and savings accounts, and we do not do a "hard pull" hen anyone applies for those accounts. Jacob M.:Yes, we do run a credit check as part of the application process.

How do I close my ally bank account?


Closing a Savings Account Takes Attention to Detail
  1. Know Your Bank's Policies. Find out if your bank charges account closing fees (or penalties).
  2. Cancel Automatic Deposits. Cancel any automatic deposits that are tied to the online savings account.
  3. Get Documentation. Request all of the account closure details in writing.

Are online banks trustworthy?

I get this type of question a lot: “Are online banks safe?” Short answer: Yes, online-only banks are safe, providing they have FDIC insurance. The Federal Deposit Insurance Corp. is what insures bank accounts. Banking fees support the FDIC. So if a bank has FDIC insurance, your accounts are insured up to $250,000.

Does TD Bank own ally?

The company's three-year-old credit card partnership with TD Bank has ended, Ally CEO Jeffrey Brown said Thursday. Earlier in the morning, Detroit-based Ally announced that it has agreed to pay $190 million to acquire a Charlotte, N.C.-based company that offers point-of-sale loans to consumers.