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You can earn a $100 bonus if you're already an Ally customer. To make it easier for you to earn an Ally Invest promotion, we've collected the latest promos below.
Ally Invest impresses with $0 commissions and no account minimums. It's a great choice for those looking for an intuitive platform from which to make cheap trades.
$0 stock and ETF trades
$0
With competitive pricing, low minimums, and features such as automatic rebalancing, Ally Invest Robo Portfolios is a great choice for anyone without a lot of cash to spend.
$0 per trade, management fee 0.30%, expense ratio 0.05%-0.20%
$100
How you earn it: Open a Self-Directed Trading or Ally Invest Robo Portfolios account with Ally Invest. Within 30 days, set up automatic transfers of $50 or more, once per month (or more) from another bank into your Ally Invest account. Following the third consecutive monthly transfer, keep your account open for another 30 days (at least).
How you qualify: Be a current Ally Bank or Ally Auto customer and receive this offer directly from Ally Invest.
Details: To earn this bonus, you must open an Ally Invest Self-Directed Trading or Ally Invest Robo Portfolios account. You can't earn this bonus by opening an IRA or a trust. The bonus remains $100 even if you open a joint account. Bonuses are paid directly into Ally Invest accounts, not sent via mail.
Account transfer fees can eat into outgoing brokerage transfers; Ally Invest addresses this by offering to pay up to $75 for your first ACAT transfer of $2,500 or more into your account. You get this $75 credit within 30 days of you showing Ally evidence that your prior stock broker charged you an outgoing transfer fee.
Transfers must be consecutive. So, keep your automatic transfers running (three times in a row) to earn this bonus. Starting and stopping your automatic transfers could disqualify you.
Offer expires: Dec. 31, 2024.
Online brokers like Ally Invest frequently update their promos, so it's worth checking in once a year to see if anything has changed. We track the latest Ally Invest promotions here.
The Ally Invest New Account Bonus is worth considering if you're a current Ally Bank or Auto customer. The bonus is generous for new accounts, especially since you only have to transfer $150 total to the account to earn it. That's a 50%-plus boost to your deposit balance after only three months of transfers.
However, big-balance investors looking to switch brokers can find better bonuses elsewhere. Other stock brokers offer bigger bonuses on transfers from other banks. The ceiling on these bonuses is much higher -- better for customers with six-digit balances.
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
It takes 30 days from your third monthly transfer into Ally Invest to receive the $100 New Account Bonus.
You can only get the New Account Bonus once, the first time you open an account.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
E*TRADE services are available just to U.S. residents.
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.