Suppose you’re interested in the high yield available with an Ally online savings account and want to open an account. They’ve made the process quite simple. Start by navigating to Ally.com and then clicking on the “Start Saving” button.
Next click on the “Get Bonus” button if you want to take advantage of the 1% cash bonus. On the next page you can click the “Open Account” button. Or scroll down on the first page to find the “Open Account” button there and click it. As you can see, it’s possible to open an account in under 5 minutes.
Choose the option that describes your current banking relationship with Ally and then click the “Continue” button. On the following page choose the account type you’d like to open. Then click the “Add this Account” button.
The next page allows you to review your selection and add additional accounts to open if you want. This can be a real time saver since you can open multiple accounts with just one application. Once you’re satisfied with your account selection click “Next”.
Next it will ask you to check a box to confirm you’re a U.S. citizen or legal permanent resident. If you are, check the box and click the “Next” button. That will take you to the longest page yet where you enter your personal information, including name, address, social security number, date of birth, occupation, email and phone.
After clicking next it will allow you to review the information already provided and to add a joint account holder if you like. Once everything is to your liking click “Next” again. On the following page you’ll give your consent or approval to the following:
- Consent To Receive Information Electronically
- Request For Taxpayer Identification Number And Certification
- Ally Bank Account Information & Disclosures
Once you click “Submit Application” your account(s) will be opened, unless something in the application requires further review. This initial review process could take up to 15 seconds. If everything is good your accounts are opened. Now that the accounts are open you can go ahead and transfer money into them to start earnings the high Ally yields.
After depositing or choosing to add money later you get to create your online account where you can manage all of your Ally funds.