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Ally Invest Promotion: $3,000 Bonus in 2021


Current October 2021 Ally Invest promotion code: $3,000 bonus and $150 in transfer fees reimbursed. Best Ally Invest offers for opening a new account or for existing customers depositing cash into a taxable brokerage individual/joint account, ROTH IRA, 401K Rollover IRA, or Traditional IRA.



Ally Invest Bonus



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Ally Invest Promotion Details


When you open (and fund) a new brokerage account with Ally Invest, the firm will credit your new account a nice cash bonus. The minimum deposit is $10,000. The investment firm will also accept a transfer of assets from a rival broker. If you don’t deposit or transfer at least this amount, you won’t get the bonus.

Obviously, small accounts aren’t eligible for this promotion. Large accounts will qualify for the Ally Invest’s best bonuses. Here is the stepped schedule:

Ally Invest BonusDeposit or Transfer
$3,000 $2 MM+
$2,000 $1MM - $1.99MM
$1,200 $500k - $999.9k
$600 $250k - $499.9k
$300 $100k - $249.9k
$200 $25k - $99.9k
$100 $10k - $24.9k


Clearly, only investors with very deep pockets will benefit handsomely from this Ally Invest promotion. The good news is that joint accounts are eligible, so if you have a well-funded joint account, you may be able to qualify for a larger cash prize.


Ally Invest Promotions


Ally Invest Promo Fine Print


The major downside of this promotion is that IRAs aren’t eligible, nor are managed accounts. The new account must be a self-directed taxable account.

Furthermore, only U.S. residents are eligible for this special. Currently, Ally Invest customers aren’t eligible, and former Ally Invest clients won’t qualify for a cash prize, either. The broker-dealer defines former as anyone who has left within the past 90 days, which is a pretty generous policy. Only one account per person can be opened under this Ally Invest promotion.

The new Ally Invest account must be funded within 60 days to qualify for the cash prize. It may take up to 70 days in total to receive the bonus.

The $10,000 or larger deposit or transfer must come from outside Ally Financial. This means a deposit from Ally Bank won’t qualify.

Another sticking point here is that the deposited or transferred funds cannot be withdrawn for 300 days. If they are, Ally will debit the new account for the amount of the bonus.

Any cash prize received will be reported on Form 1099 at the end of the tax year, which obviously could potentially reduce the net gain from this promotion.


Ally Invest Bonus


Ally Invest Transfer Rebate Promo


Although the IRS may take a chunk out of Ally’s cash bonus, it will take nothing out of the broker’s ACATS fee rebate policy, which makes it another great way to earn some extra money.

If your old account is charged an ACATS fee for an outgoing transfer, Ally Invest will refund this fee up to $150. To qualify for this special, which is in addition to the other, the account transfer must be valued at $2,500 or more.

To perform an ACATS transfer from another brokerage house into a new Ally Invest self-directed account, just click on Transfer Funds at the top of the Ally Invest site. On the new page that appears, select From Another Firm and follow the prompts.

Ally will refund the old broker’s transfer fee within 30 days of receiving evidence of the fee, which typically will be a copy of the last account statement from the old brokerage firm.





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Cash Bonuses at Ally Invest Recap


If you want to earn some free cash, Ally Invest has a program designed just for you. Simply open and fund a new account and you’ll receive a cash bonus at Ally Invest.


Ally Invest Promotions Disclaimer


Current Ally Invest promo offers and incentive details to open a new brokerage or IRA account could change at any time without notice.