You must keep your Ally Savings Account open and in good standing until Ally pays the $100 bonus. Good standing means the account stays open, unrestricted, and eligible through the payout date. The bonus arrives within 30 days after Ally receives your third consecutive monthly transfer or direct deposit. Closing the account early, even by one day, can cost you the payout.
Table of Contents
- How long must the account stay open?
- What does good standing mean?
- What do you need to do while you wait?
- Does keeping the account open cost anything?
How long must the account stay open?
You need to stay open from account opening through bonus payout. According to Ally Bank's referral terms for new friends, Ally pays the $100 Savings bonus within 30 days after the third qualifying transfer only if the account remains open and in good standing. That timeline usually spans at least three full months of transfers plus the payout window.
Ally Bank says referred savers must start a recurring transfer or direct deposit within 30 days of opening, then complete it monthly for three consecutive months. Do not close the account after the third transfer. Wait until the $100 posts, then decide what to do next.
What does good standing mean?
Good standing means your eligible savings account is open and unrestricted at payout. According to Ally Bank's promotional terms, that includes no fraud flag and no aging negative balance. A restriction can disqualify you even if the account is technically open.
Avoid overdrafts, reversals, and activity that could trigger a fraud review. If Ally limits the account before payout, the bonus can be withheld. Keep contact details current so you see any notice quickly.
What do you need to do while you wait?
Keep the qualifying activity going once per month for three straight months. Ally Bank says savers can use either a monthly automated recurring transfer of any amount or a qualifying direct deposit.
A simple pattern helps: Missing one month restarts the three-month count. Ally Bank says savers must enroll by 12/31/2027 and open the account within 30 days after enrollment, so start early enough to build the streak.
- set the automatic transfer soon after opening
- leave it running for three consecutive months
- check each month that it completed
Does keeping the account open cost anything?
Keeping the account open costs nothing in fees. According to Ally Bank's savings account page, the Savings Account has no monthly maintenance fees and no minimum balance to open or earn APY. You do need to fund the new account quickly.
Ally Bank warns in another promotion to deposit any amount within 30 days or the new account may automatically close. Ally Bank also permits only one welcome bonus per person. Leave a small balance in place and let the automatic transfer run until payout posts.
You Might Also Like
- Does Ally Bank Offer a Savings Bonus for Holiday Deposits?
- Ally Bank New Account Bonus Funding Deadlines Before Year End
- Ally Bank Bonus Tax Reporting: What Your 1099 Will Show