How to Earn $100 with the Ally Bank Exclusive Referral Bonus - Then Earn Up To $250 - Explained

Intro hey how's it going everybody Welcome to finance with Aon if you're looking for ways to boost your savings and get a little extra cash on the side you're in the right place today I'm telling you about how you can earn some easy money with Alli Banks referral bonus and also experience a new account that you may like to help you towards your financial goals and I'm going to click on the link and show you and tell you about the details of the referral program because it's really awesome really easy and you'll get $100 for opening a new account with my referral link it's down in the description and I'll get $50 so it's win-win situation and then after you open your account you can refer people and get $50 and they'll get $100 this is a great referral program let me tell you about it in more details right here in Ali Bank you likely know who Alli bank is a very well-known popular online bank I don't want to say they like started the online movement with online banks but they were one of the first I feel like big Banks online with the no monthly maintenance fees and the higher interest savings account with the higher apy and Alli bank is the 23rd largest bank in the United States based on total assets so so they're definitely not a small bank here you see some of the other Banks they around and yeah they're up there with the American expresses and regions discover and First Horizon Bank and you know other Banks like that so very well-known big well capitalized Bank the eligibility for Welcome Bonus Eligibility this welcome bonus are you eligible for this welcome bonus if you already have an ally account you don't you've had one previously what's the deal with that so yeah can you receive this welcome bonus if you're already a customer no sorry unfortunately if you're already an Ali customer you cannot receive this referral welcome bonus if you already have an existing Ali account or have had any Ali account open since June 1st 2023 then unfortunately you are not eligible for this welcome bonus now if you've had an ally account in the past you know years before before that June 1st 2023 and you've closed it out and everything then yeah you would be eligible for this welcome bonus as a new customer once again with Ally so it just depends if you have an account currently or if you've had one before when has that been since and the dates with that now once you've opened the new eligible Ali bank or Ali invest account using the referral link you will receive a confirmation email sent to the email address that you enroll with so it's good to have that just nice to know like hey okay I did the first part correctly and you know I'm moving towards getting that $100 welcome bonus so you'll get that email into the account that you use for your email address with your new account so Welcome Bonus - 3 Accounts Available you'll get $100 when you open an eligible Ally account there's three eligible products so I'm going to tell you about all three to see which one is right for you however just note this you're only eligible for one welcome bonus so Choose Wisely and only pick one now you can open up different accounts for sure with allly but you're only going to get one welcome bonus let me tell you about these three different accounts here first here is the savings Ally Savings Account Info Review account now the Alli savings account is a great account I've used it in the past didn't have any issues with it I like the app with allies pretty seamless pretty simple kind of minimalistic but it's to the point has some nice information at your fingertips and with this allly savings account there's no monthly maintenance fees or minimum balance requirements in this account very important is FDIC insured so that Federal Deposit Insurance Corporation the independent agency of the US government does back this account it is FDIC ured your account would be covered up to that maximum allowed by law which is generally that $250,000 amount so yes this allly saves account is FDIC insured and your money is going to earn money in this Alli savings account and your interest is going to be compounded daily so that is nice right there your interest compounded daily and paid out monthly into your account and that interest is five times the national average the national average for this type of account a saves account is a poultry low miserable 45% apy so yeah that's not much at all and this account earns what yes 4.20% much higher and also with Ally there's 247 support so you can call chat or email with them anytime you'd like and this Alli savings account is really neat because look as you see they have savings tools so they help you reach your savings goals they have a couple of tools they have the buckets to help you organize your money and visualize what you're saving for and boosters to help optimize and maximize your savings make different changes as you want with new priorities arise and you can get personalized recommendations to help you save more so yes organization with buckets is very neat and optimization with boosters with the reoccurring transfers the roundups and the surprise savings if you have a link checking account they analyze your checking account for safe to save money that you don't have to transfer it to your savings if you don't have to they'll just notice like hey you could probably save this money if you want and you can have it optimized to move over to your saves account so very neat features with the allly saves account I'm going to do a more detail in-depth video on the Alli savings account eventually because like I stated I've used it before had a good experience and I think it is a great online savings account overall with the high yield not the highest out there but definitely higher than the national average but also the features that it has makes it stand out in a great way in this referral program let's get into Welcome Bonus for Ally Savings Account details about it right here first here let me show you about the saves account and with the referral bonus one of the main things across all three of these accounts is that you have to enroll with the referral program by December 31st 2024 so no matter which account you choose you need to click on the link and sign up by December 31st 2024 so that is the first step right here with all three of the accounts you'll see that and I'm going to tell you about all three of the accounts but that's just one thing that's going to remain the same now for the saves account you have to do that of course enroll by December 31st 2024 and then open a new ally saves account within 30 days of enrollment so click on that link with a referral program and open the new allies savings account within 30 days of enrollment next you have to set up within your new account and start a qualifying monthly automated recurring transfer within 30 days of account opening so you can do reoccurring transfers from another account into your ally savings account you can set that up within the app with Ally and it's very easy and simple to do it's a good way to reach savings goals for sure cuz it's just hands off you just set it up and let it go so you need to set up something like that there's no kind of certain amount just you know whatever you want to set up whatever you feel comfortable transferring over to this new account either to set that up reoccurring within 30 days of account opening now with that reoccurring transfer there's something else with that I want to tell you about down here in the frequently asked questions that I thought kind of stood out and this is more details right here about how to set up the qualifying monthly transfer right here you just log into your new Ali bank account using your credentials and navigate to transfers which could be found in the main menu or dashboard from there follow the steps to set up a transfer and select the frequency at which you want the trans transer to a cure keep in mind the program requires you to complete an automated reoccurring transfer into your newly opened Alli Bank saves account at least once a month for at least 3 months in a row now this question may right here may be something you may be thinking about if you get paid bi-weekly will bi-weekly reoccurring transfers aligned with my payroll deposit qualify me for the $100 welcome bonus and Ally says yes the requirements for the Ali Bank saves account only require you to complete an automated reoccurring transfer at least once a month for at least 3 months in a row you can set up more than one each month if you like so you don't have to do just at least one you could do two three however many reoccurring transfers into your account but they do have to be for at least 3 months in a row and that is pretty much step four right there complete at least three back-to-back monthly automated reoccurring transfers and then after you've done that number five you're going to get your $100 bonus you will get your $100 welcome bonus deposited into your account within 30 days of receiving your third reoccurring transfer so very quick smooth process right there if you want to open the saves account that's really pretty much it right there click on the referral link sign up for the referral program Open the saves account within 30 days set up the reoccurring monthly transfers automated at least three months in a row back to back and then you'll get your $100 bonus just like that now if you're saying okay I already have a saves account I don't want to open a saves account with Ally I want to open a spending account which is like a checking account you could do that as well now for their checking account Ally Spending Account Info Review there's no monthly maintenance fees with it as well no overdrive fees you'll have access to over 43,000 no fees All Point ATMs and with this checking account with this spending account with Alli Bank you'll get paid up to two days early with early direct deposits so if you normally get paid on a Friday goes into your checking account you'll get paid likely on a Wednesday with this spending account by Alli bank so early direct deposit and I've just gotten so used to that with the accounts that I have that it's so nice when I have a new sign up for a new account like for a bank bonus and I'm checking it out and I set up the direct deposits and it doesn't have early direct deposit I notice it I'm just on that Wednesday I get paid in my other accounts and then I'm just like hey what's uh yeah you don't have early direct deposit I got to wait till Friday so it is a nice feature you do get used to it it's like having a backup camera I feel like in a car you know you get so used to it it just becomes a normal thing and then you get into a car without a backup camera you're looking around like what what's going happen you know but you know just so you know when the backup camera I do use the side mirror still in my car but like still getting it in the car without backup cameras it's still like oh it's just the side mirror just a rearview mirror that's it but yeah so I kind of equate that to like early direct deposit I don't know why that just came into my head and with the allly spending account you also have a debit card with it and you can also deposit checks on your mobile app with the eCheck deposit so you just take a picture of the check you know front and back has the instructions within the app and then get that check deposited into your account physical checks don't have to go anywhere and cash them you can cash them with the Ali app and also they Ally spending account has Zale so you can move money around to your friends and family within the app with Zale with Ally and with the Ally spending account it is FDIC insure up to that $250,000 amount so first step is Welcome Bonus for Ally Spending Account the same as the savings account you enroll in the referral program by December 31st 2024 Second Step you're going to open that new eligible Alli Bank spending account within 30 days of enrollment and fund the account within 30 days of opening the new account same thing right there open the account within 30 days and then with the spending account you're going to need to fund it within 30 days as well with funding it you know just transfer some money into the account within that 30 days of opening it this account has external transfers so you can move money from this account to another bank account or from another bank account to this account so that's step two then step number three you're going to set up and receive a qualifying direct deposit within 60 days of account opening Now setting up a qualifying direct deposit very easy a state right here you can easily set up a direct deposit you just head to their direct deposit page and set up and select set up automatically or you can also use their pre-filled forms and have it you know submitted to your employer that way let's get to the fine print for qualifying direct deposit let me show you this here let's make this a little bigger all right now now what is a qualifying direct deposit for this welcome bonus for this Alli spending account now for the Ali Bank spending account eligibility requirements your qualifying direct deposit needs to be an electronic deposit from an employer payroll payroll provider service or benefits payer such as Social Security or military pay and it must be clearly identifiable by Ally as such so you know no kind of questionable where is this from needs to be from one of those sources most people are going to have that direct deposit from their employer you know typically however you get paid every week every two weeks every month that's going to be pretty much standard also though if you get benefits paid through like Social Security or military pay that will qualify as well now personto person what does not qualify as a direct deposit let me tell you about that now personto person payments such as Zale are not considered a qualifying direct deposit so you can't just receive money through Zale into this account and have it as a qualifying direct deposit now this account does have zel but for the qualifying direct deposit that would not be eligible also electronic check deposits made via your device e check are not considered qualifying direct deposits now that's another feature that this account has like I told you already but it is not a qualifying direct deposit for this purpose now those are qualifying direct deposits for step number three of earning that $100 welcome bonus with the new spending account now step number four is you reive the bonus your $100 welcome bonus is going to be deposited within 30 days of receiving your qualifying direct deposit you only have to have one qualifying direct deposit into this account within 60 days and then after that qualifying direct deposit is received into your account you're going to get your $100 welcome bonus deposited into your account within 30 days so very quick smooth seamless easy process right here with that one now let's say you didn't want a savings account with Ally you didn't want the spending checking account with allly but you wanted to get into the self-directed trading account with Ally and Ally invest that's an option too for this $100 welcome bonus Ally Invest Self Direct Trading Info Review with the self-directed trading account with allly there's a wide variety of Investments to choose from you know you got individual stocks ETFs you can do option trades various Securities and ways of trading now these are commission free trading on eligible US Stock ETF and options trades so there's no little kind of fee on trading stocks and things like that depending on the amount now I tell you about a little fine print with that one because it does kind of depend on the trading price for the security you're buying and now for options trades they say there's a 50 c per contract fee for options trades and there's no transaction fees for over 177,000 mutual funds that they have available now a little FAL print I want to tell you about the Ally invest account States Al does not charge commissions for stocks and ETFs priced $2 and higher so that's going to be you know most stocks ETFs out there are going to be at least $2 or higher you know you see the stock market just pull up you know any kind of MSN Money CNBC you know wherever you look at stocks at Yahoo finance and just look at stocks you know ETFs they're typically priced higher than $2 so most of the things you invest in aren't going to have any kind of fee associated with it now stocks priced less than $2 are charged a base commission up to $4.95 plus 1 cent per share on the entire order so there just something to keep in mind it is pretty much commission free but there's a little fine print with that I I stated most stocks in ETFs are going to be above $2 I don't have any stocks there I have one actually one stock that's under $2 right now and the platform I use doesn't charge you know um commission fees on that even but most stocks I mean unless you're really into like penny stock trading and stuff like that then most stocks are definitely above that $2 amount and ETFs as well and with the Alli invest self-directed trading they've got you know information and tools on there you know explanations to help you learn about investing as well it's not just going to be a blank canvas of just like buy sell and options and things like that they have information available to you to learn more about investing which is great you can buy sell or hold whenever you please it's not going to make you do anything you buy the stocks you want to buy you sell the stocks you want to sell ETFs or whatnot you hold them for however long you want to you hold them whenever you want to hold them it's up to you and there's chart screeners and expert analysis to guide you with your research and help you when choosing the investment so subdirect the trading it's pretty hands off up to you as far as buying selling and holding but there is information there and charts and graphs and things to help you with your research When selecting Securities to Welcome Bonus for Self Directed Trading Account the $100 welcome bonus with the self-directed trading account so if this is the account you want to open for the $100 welcome bonus is very easy seamless as well so first step same as the previous First Steps you're going to enroll in the referral program by December 31st 2024 then second step open a new ally invest self-directed trading account within 30 days of enrollment same as the previous accounts just different account third step you're going to transfer a minimum of $1,000 within 60 days of account opening to your account and note you can make multiple transfers to reach that minimum requirement of $1,000 you don't have to do that all at once you can do you know $100 there $200 there $500 there however much as long as you transfer at least $11,000 within 60 days of account opening into the self-directed Ally invest account in then that's pretty much simple that's step number three very easy very simple and a frequently Asked question about that ,000 like I stated you can make multiple transfers to reach that minimum requirement of $1,000 within 60 days of opening your new ally invest self-directed trading account now step number four same as the previous last steps of the other accounts patience and pretty much just waiting a little bit for that step number four you're going to receive your $100 welcome bonus deposited into your account within 30 days of your account reaching $11,000 from those transfers so very simple seamless easy like the other two accounts with the $100 welcome bonus you're enrolling the referral program by December 31st 2024 open that new ally account within 30 days of enrollment then meet the requirements of Step number three which is just transferring at least $11,000 into this new account by 60 days after you reach that threshold that amount right there of at least $1,000 then within 30 days of that you're going to receive your $100 welcome bonus into your account very simple very seamless so the biggest Outro decision you have to make when receiving this $100 welome welome bonus is which account you want to open with Alli do you want to open the savings account the spending SL cheing account or the self-directed trading account like I stated at the beginning of the video this $100 cash bonus is going to be yours and then I get $50 then however you'll be able to be the one to help new people new customers sign up for an ally account and them get $100 and then you'll get $50 so yes you can refer someone too once you open in fund your qualifying account you will receive an email with your personalized link to share with your friends and family all right so that is it with the video and the steps and the details for the referral bonus if this video gave you some value today be sure to smash that like button every thumbs up helps more people discover this content and if you're new here tap that subscribe button if you like Financial tips education information and more if you got any questions or thoughts on Ali Bank drop them down in the comments I read everyone I like hearing what you all say about your experiences with these different banks what you're doing with your Finance you know situation your goals and the questions you have and I'll try to reply to you as soon as possible all right so what time is it now it's time to go make your money work for you hope you all enjoyed the video take care