April 26, 2020

Ally Invest Promotions

Read more about Ally Invest
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You can earn up to $3,500 with Ally Invest's exciting new offer. They have no commission fees for stocks and ETFs, making them a popular choice for investors.

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In 2016, Ally Financial acquired TradeKing and became Ally Invest. They recently reduced their commission structure to $0 for stocks, ETFs, and options. Compared to other online brokers, their trades costs are very competitive.

They're also known for offering attractive promotions and transfer fee reimbursements.

Shortcut: View full list of Ally Invest offers here.

Let's take a further look at Ally Invest's offer below.

How to Earn Ally Invest Cash Bonus

New Ally Invest customers can earn up to $3,500 cash bonus if they open and fund a new account. The qualifying deposit must come from outside Ally Financial. The offer is valid for one new account per person.

Note, you can also apply for a transfer fee credit for switching to Ally Invest.

There are a few bonus tiers to choose from. Here's how it works:

How much do I have to deposit or transfer?Cash Bonus
$10,000 - $24,999$50
$25,000 - $99,999$200
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,500

Fund your account within 60 days of opening and maintain that same required balance (listed above). Cash bonus will be credited to your account within 10 business days.

Once you receive the bonus, maintain that balance (minus any trading losses) for 300 days. If the qualifying deposit is withdrawn, your bonus may be revoked.

Already trading with another broker?

Move your account. They'll reimburse any transfer fees (up to $150) when you complete a first-time transfer of $2,500 or more. Just complete the transfer form. Your account will be credited within 30 days of Ally Invest receiving the charge.

Ally Invest Cash-Enhanced Managed Portfolio

Ally Invest offers an automated investing feature. Here's what to expect with the Cash-Enhanced Managed Portfolio:

  • No advisory fee
  • $100 minimum to start
  • Account: Individual, Joint, Traditional, Roth, Rollover, Custodial
  • SIPC insured up to $500,000

Yes, it's free automated investing. This option is also less risky because 30% of your portfolio is set aside as an interest-earning cash buffer. This provides more protection against market volatility.

Still not convinced? Keep reading to see if Ally Invest will work for you.

Who Is Ally Invest Best For

Ally Invest is a good choice for:

  • Beginner investors who use hands-off investing with managed portfolios
  • Casual traders with a simple online brokerage account
  • Active or advanced investors who can take advantage of the fee-free stock and ETFs trades

If you don't meet the requirements for the Ally Invest bonus, we still recommend you open an account. There's no account minimum to start for self-directed accounts.

For automated investing, you can open a managed portfolio with just $100. You won't have to worry about advisory fees, annual charges, or rebalancing fees. Sure beats robo-advisor competitors like Betterment and Wealthfront.

See current offer >>

Ally Invest also boasts high customer satisfaction. You can call them from 7 a.m. - 10 p.m. ET, 7 days a week.

Bottom Line

If you're looking for a better way to invest your money, Ally Invest is hard to ignore. Their low fees are ideal for both DIY traders and investors who are just starting out. Plus, who wouldn't want a cash bonus? It's a big offer for simply opening and funding your account.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

More from CreditDonkey:

Ally Invest Review

Ally Invest Fees

Ally Invest Roth IRA


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Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

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