The Most Helpful Ally Bank Reviews
The most helpful favorable review
Five stars by any measure
I'm confused about the the three-star rating when most of the reviews give a glowing five-stars - maybe there were a few folks who gave one star and that dragged it down? Anyway, as most people have noted, Ally is clearly the best way to go for online banking; and for those who are put off by the lack of brick-and-mortar locations, try thinking of banking differently. If you own a smartphone and a computer, there is absolutely no reason to "go to the bank"! Everything you might ever need to do can be done online and/or on the phone. Ally's phone reps are terrific - smart and patient, knowledgable about the products, and speak clear English (and possibly Spanish as well - I haven't checked). The no fee ATM feature is for real, and it's so convenient. It's also awfully nice to get nearly 1% interest on your savings account when virtually all the other banks give you next to nothing (like .005% or some nonsense, which is effectively zero). You even earn a bit on your checking account. No minimum balances, great online and mobile banking interfaces, great customer service: a winning formula, to be sure.
The most helpful critical review
Warning!!! Do not lease with this company!!! We were stolen from!
I cosigned for my daughter to lease a Jeep. She leased it and let the Jeep dealership know she wanted to purchase it at the end of the lease.
On Father's day someone ran a red light and hit her. She rolled a few times. She is still sore and has some issues but she is alive.
She had about five months left in the lease. The buy-out at the end was $22,000.00.
The insurance company is offering the current value of the Jeep which is well above the buy-out price. Ally is demanding ALL of the money from our insurance company, not just what was owed and the residual.
My insurance company said they have never experienced the problems they are having with Ally, nor have the ever heard of a finance company not giving the payoff amount but demanding all of the insurance money.
I contacted the dealership and spoke with the head of finance. He said in 30 years he's never heard of a company doing this.
Warning...READ THE FIND PRINT! Do not trust Ally...they are in now way your ally.
Latest Ally Bank Reviews
ZReviewed By ZJbsen Sep 22, 2016
Lied to, and account closed without any explanation. Don't buy the online "reviews"!
I banked with Ally for a few years, and I'll be the first to say they offer good features and did some things right. Out of nowhere I received a letter in the mail saying my checking and savings account would be closed in 30 days, with no explanation. I called to find out more, and all they would tell me was that I violated the deposit agreement. When I asked specifically what I did, no one would provide me an answer, but a rep did say that the issue was with my accounts, not with me as a customer, and that I should be fine just creating new accounts in place of the accounts closing. I created new accounts, and of course thirty days later, my original accounts AND new accounts were all closed. I called Ally again asking for an explanation and again, all they said was violation of deposit agreement, and that they would never do business with me again. I still don't know what I did to have this happen; the only thing I can think of is I made a few wire transfers to a commodities exchange where I do some small trading for fun. If this is illegal, PLEASE make it crystal clear in your terms and conditions. This is for fun and not a business, and certainly not illegal.
I'm convinced most of the top reviews out there for Ally are cooked (maybe they're the next Wells Fargo?); they're just not that good. Don't bank with them. They'll offer you some features and a neat app, but it's not really "your" account, it's their account, and they'll kick you out without any explanation or decent customer service. Don't believe the hype and take your money elsewhere.Thank you for your feedback Is this review helpful?
RReviewed By RmB Sep 17, 2016
They treat you like a number
Was not approved for an account. Iv been with my currant bank for 15 years, and they would`nt approve my account. I was told it was because I was just too poor and could`nt be trusted.
I`ll never use them, they are rude, judgmental and in the end, you are just a number to them.Thank you for your feedback Is this review helpful?
MReviewed By mightybird Sep 15, 2016
Ally double debited my primary account
Thanks to Ally I bounced my first check and have an overdrawn primary account until sometime next week. Here is what happened: I opened an online savings account with Ally based on NerdWallet's good review and the 1% interest. I set up the account, used the verification system a few days later to verify my primary bank account. Once it was verified, I transferred $15k into the Ally savings account from my primary bank. I received a confirmation email from Ally for the transfer. Two days later I went to use my debit card for my primary bank at the coffee shop and it was declined. I went straight to the bank to discover I was 9k overdrawn. There was not one transfer initiated for the 15k, but two, a day apart. I called Ally and asked them to cancel the second transfer immediately and was told by a stumbling account rep that he could not stop the second transfer because it was already in progress. Then I asked to return the first transfer immediately. And he said he couldn't do that either because it was still being held and wouldn't clear until Friday. So I am left with 1) no money, 2) checks written against the money they took without authorization and 3) overdraft fees on my overdrawn primary bank account. They were completely unsympathetic and useless as far as helping me. As soon as the money clears I am returning all of it to my primary bank and closing the account. TERRIBLE EXPERIENCE.Thank you for your feedback Is this review helpful?
LReviewed By lmnscn Sep 10, 2016
Worst Ever Banking Experience Ever
When buying the RV new at the dealership, loan arrangements with Ally Bank were made in an hour. When selling the RV as a private seller to a private buyer it was an absolute nightmare of ineptitude, inefficiency, and complete absence of caring for the individual customer. The transaction took over two months to be almost completed, but even then the transfer of title has yet to be properly performed. Thanks to the buyers patience, the sale went through
My hope is that this experience and review will prevent others from ever considering Ally Bank. Incidentally, there is absolutely no way to complain to anyone with authority at this institution. All initial contact was outsourced to a foreign country and only if you complained bitterly were you transferred to someone in the United States. Even then, you won't find any source to register complaints to higher management via mail, phone or email and no request for that information is honored.Thank you for your feedback Is this review helpful?
LReviewed By lamgiang19912000 Sep 9, 2016
I recently purchased a car through financing with Ally Bank thinking I would be able to pay the loan all off before my first car payment is due. However, I have had a bad experience trying schedule payments to pay the loan off. I could not believe that Ally Bank already charged me a finance charge on the same day that I have already scheduled my payoff payment. I have sent them a message asking to have the finance charge written off since I paid the loan off on time, but nobody responded to my message so I called them. When I talked to them on the phone, I explained that the payoff balance I saw online was the payment I made on the same day but the next day I still see a balance with the finance charge already accrued. Despite the fact that they can charge a finance charge, they should have applied my payment already. I asked them to have the finance charge written off, but they wouldn't so I went ahead a paid the finance charge as well. I would not ever do business with this bank again. I won't recommend anyone doing any financing with this bank neither.Thank you for your feedback Is this review helpful?
LReviewed By LostMustang76 Sep 8, 2016
These people are thieves!
Do not, I repeat, DO NOT do business with this company! Ally is formally know as GMAC. They are known to be dishonest and crooks. Had a car seized by them 4 days before the note was due. Spent $1,200.00 on repo costs and had to pay over the phone to them when I had a direct deposit in place. Horrible Company! Can't understand how they are still in business!Thank you for your feedback Is this review helpful?
CReviewed By coolestmom121 Sep 5, 2016
Nothing but GREAT service
Since I started banking with Ally, just over a year ago, I have had absolutely awesome service - something I have never been able to get from local banks. You would think that face to face service would trump phone/internet service...but not in this case. Example: I sent a message to ask if a fee could be refunded, not fully expecting it to happen. One day later the money was back in my account. Same situation with my last local bank was awkward and embarrassing...felt like I was begging, and in the end ...no refund. Ally is giving the standard banks a run for their money...love it!Thank you for your feedback Is this review helpful?
KReviewed By KeithC Aug 20, 2016
worst banking exerience of my life.
Ally Bank is about as close to croaked as you can get and still be legal. I am completely fed up with them. I will never use their services and would suggest everyone in the world does the same. I am confused that anyone could give them anymore than 1 star because I would give them 0 if I could, they are at the bottom and they do not try to move up. The fact that they are only online, makes it worse as all of the support is offshore. The people do not understand how to deal with Americans and our expectations, they cannot do more than tell you what they see on the screen, and believe me Ally has a way of changing the data from day to day without anyway to see why it happened. I am getting a divorce from Ally and will never use them again no matter the circumstances. I truly hope they are put out of business.Thank you for your feedback Is this review helpful?
SReviewed By sjtx1960 Aug 15, 2016
Great rates but not helpful when you need docs
I will agree that Ally has great rates but it can be a real hassle when you are trying to sell your vehicle. There is nothing like going into your local branch and talking face to face with someone who is going help you. I tried several times to get a copy of my title faxed to me. It was promised to me 3 times to be in my possession in 24-48 hours. After not receiving it, I asked to talked to a manager, it was promised in 3 hours - it did not come. After calling back a fourth time the customer service rep told me that it was not possible to get it in the time frame that the other 3 reps promised me. I still do not have a copy of the title because they tell me they do not have it in their possession and have to get it from the state. They put me on hold for 45 minutes and never came back. In the mean time the person who wanted to buy my vehicle is gone. This never happened to me with a bank I could walk in to - never again.Thank you for your feedback Is this review helpful?
RReviewed By ripton Aug 3, 2016
Can't use your ATM machine overseas
Called the bank to put an alert on my account that I was overseas. Went to use to my ATM card and it was declined. This happened to my one time before, but I thought I would give them a second chance. Boy, that was a mistake. You have been warned.Thank you for your feedback Is this review helpful?