ally-bank

Sometimes a company verifies that a bank account by making a couple of small deposits in it, then asking you to report back the deposit amounts. Don't rely on that verification process to block any activity in the meantime, though. That's what Suzette did with Ally bank, and she ended up with a $35 stop payment fee from her own bank.  More »

A few weeks ago, we posted about the rebranding of and promising new start for Ally Bank, formerly GMAC. But one new customer isn't very enthusiastic about their services.  More »

Even though GMAC spun off from GM years ago, they recently changed their name to "Ally" in a re-branding, stain-of-association-removing effort. Their whole game seems to be a USAA for civilians, advertising "No minimum deposits. No fees. No min balance. No sneaky discalimers." Ally Bank is also offering very juicy APYs, like 2.25% for an online savings account, more than double the national average...  More »