Ally Invest Promotion 2020 – Get a Cash Bonus up to $3,500

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I'm a big fan of Ally Invest and its sister company, Ally Bank. In fact, I've been a customer of Ally Invest since 2010.  Here's Ally Invest's current promotion.


Ally Invest $3,500 Cash Bonus

You can currently receive a cash bonus of up to $3,500 when you open a new account with Ally Invest. To qualify, accounts must be funded within 60 days of account opening. The qualifying deposit to open the new account must be made from outside Ally Invest. To receive the minimum cash bonus, you must invest a minimum of $10,000. This minimum must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.

This promotion applies to IRAs as well as to taxable accounts.

Here's a breakdown of what you can get:

Opening Balance Cash Bonus
$2M+ $3,500
$1,000,000 – $1.99M $2,500
$500,000 – $999,999 $1,200
$250,000 – $499,999 $600
$100,000 – $249,999 $300
$25,000 – $99,999 $200
$10,000 – $24,999 $50

About Ally Invest

When Ally Bank acquired TradeKing in 2016, the merger made Ally Bank a powerful one-stop-shop for our banking and investment needs. Ally took TradeKing's excellent brokerage services to create Ally Invest.

If you aren’t currently a customer or unsatisfied with your existing broker, now might be the time to switch.

Ally Invest's commission-free trades and great customer service make it an obvious choice for new and experienced traders. There's a wide range of investing tools available, along with a comprehensive online education center.

See my review of Ally Invest for a detailed account of my experience with this service.

Larry Ludwig

Larry Ludwig was the founder and editor in chief of Investor Junkie. He graduated from Clemson University with a bachelor of science in computers and a minor in business. Back in the ’90s, I helped create some of the first financial websites for firms like Chase, T. Rowe Price, and ING Bank, and later went on to work for Nomura Securities. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. He currently resides in Long Island, New York, with his wife and three children.

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