Ally Invest Promo 2022

Ally Invest Promotion in 2022: $75 Bonus


Current November 2022 Ally Invest promotion code: $75 cash bonus. Best Ally Invest bonus 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



Open Ally Invest Account


About Transfer Fee Reimbursement


To complete the form online, log in to your account and select Transfers, then Invest Transfers.

You’re eligible to receive a transfer fee credit of $75 if you complete an ACAT transfer of $2,500 or more from another broker. We’ll deposit this credit into your new invest account within 30 days of receiving your reimbursement request form. If you don’t have a transfer fee, that’s no problem. Just make note of that on the form, and we’ll still credit you the $75 as a little something extra for switching to us.


(EXPIRED!) Ally Invest Deposit Promo


This offer is expired. 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
$250 $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.


(EXPIRED!) Ally Invest Promo Fine Print


This offer is expired. 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’s Mobile App


Moving to Ally Invest’s mobile app, we do get mobile check deposit. However, there’s no video news, and mutual funds can’t be traded.

Ally Invest’s mobile app functions on the same operating systems as Firstrade’s; but Ally’s is designed to work with tablets, too. Touch ID is available on Apple devices, which makes logging in a breeze.


Top Stock Investing App


Charting on the Ally platform is available in horizontal mode, something that we saw Firstrade fail on. It’s hard to discover Ally’s charting tools. Strangely, there are no buttons or other links indicating that anything is available. Slightly tapping on a horizontal chart will generate chart styles (4 of them) and technical indicators (about 20). The timeframe extends just 3 years.

Derivative trading is possible on Ally’s app. Calls and puts are available. Unlike Firstrade’s app, multiple legs can be added to a single order. So while there are no pre-installed option strategies, it is possible to create your own.

Ally Invest’s trade ticket offers trailing and stop orders. Duration options include GTC, day, and extended-hours trading.

One advantage that Ally Invest provides over Firstrade is Ally’s forex app. It is separate from the brokerage app and offers real-time news, advanced order types, and charting tools. Other useful features include a currency economic calendar and price alerts via instant notification.


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Ally Invest Promo



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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.

Updated on 10/31/2022.


About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.