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Ally Bank Customer Review

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bturner123's Profile Image

2 out of 5 marks

Reviewed by bturner123

Jul 13th 2012

Ally seemingly unable to calculate & itemize CD interest earnings correctly

Had a pair of concurrent two-year raise-your-rate CD's at the same APY on which Ally was calculating different daily interest earnings. In attempting to sort this out, was given the runaround, including by level 2 CS, told not to worry about the "robo-figures" shown on the summary pages, and assured that my total earned interest at maturity would be calculated correctly. Now that these CD's have both matured, at my instruction I had the final balances with interest deposited into an existing money market account. At this point, neither the CD summary pages nor the one for the money market itemize how much interest I earned in total from the CD's over the two years. Nor do the paper statements I received at CD maturity show anything about total earned interest. I'm left to run the numbers myself, spotty as they are, try to sort out any errors, and in the meantime have requested that Ally mail me another paper statement EXPLICITLY listing total earned interest. CS agreed to do this only after multiple phone calls and a fair bit of obvious disgust and annoyance in the voice of the most recent CD rep. Incredible. We're talking about several thousand dollars worth of earned interest on these two CD's, and Ally apparently doesn't think it important to break out total earned interest on the accounts. What are they trying to hide? If we, the customer, didn't care about interest we'd just put our money under the mattress where we can keep an eye on it at all times. Buyer beware - Ally makes a guessing game out of something that should be entirely cut and dry - nay, something they should be heralding in neon lights at every turn - OUR EARNINGS.

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Other Ally Bank Reviews

Tofujim's Profile Image

Reviewed by Tofujim

Jul 25th 2014

2 out of 5 marks

Poor service

It takes too long to complete transactions. It took too long to credit my checks that I deposited with them and worst of all it is taking too long to get my money back. The customer service is very poor. I asked to close my account and have the check sent right away and I opted for the overnight Fedex. It was three business days later and I called asking where is the check, I was told that it was sent regular mail and it would be 7 to 10 business days before I would receive it. I then insisted on getting my money sooner as I needed it yesterday! Some customer service persons said I could have the original check cancelled and have another one Fedex to me but it still would take approx. 5 business days. I told them why is Ally Bank holding me up? I then asked for a Manager and this after 10 minutes holding on the phone. He stated that he was sorry but Ally Bank could not even cancel my check and that I would have to wait the 7-10 days to get my money. Needless to say this nothing short of robbery and I definitely will recommend everyone not open any account with these people. Oh, I was told by the manager that his superiors made the decision not to cancel the original check and that if there were charges due because of the money not being available they would look into reimbursing me. I told him the money was to buy a home and that if I lose the home due not enough money are they going to buy me a home?

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MACUSER100's Profile Image

Reviewed by MACUSER100

Jun 5th 2014

5 out of 5 marks

Don't Understand the Complaints

I really can't understand the complaints about Ally Bank; other then when I added my wife to my accounts (it took them awhile) I've had nothing but praise for this bank. Customer Service is excellent - I've never waited longer then maybe a couple minutes and I can get help 24 / 7 (once I called at 3AM New Year's Eve -- yea, a little drunk-- but still got the help and job accomplished).

I'm drawing a higher interest rate with both my Saving Account and Money Market Account then I did with a 19 month CD at US Bank. I had and have a few CDs with Ally and one time needed to cash one in before the maturity date -- only lost the interest; other banks you lose the interest plus penalty. I use any ATM machine and they reimburse the charges, Bill Pay and all the extras - all free. Love this bank!

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