Author Topic: Ally Invest offer of cash  (Read 2162 times)

caracarn

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Ally Invest offer of cash
« on: May 08, 2018, 11:00:02 AM »
A little more involved, but if you want to make a good lump of cash by moving your investment account or some of it, Ally is offering up to $3,500 of cash

http://go.ally.com/invest/current-offers/

HAPPYINAZ

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Re: Ally Invest offer of cash
« Reply #1 on: May 08, 2018, 05:59:30 PM »
Etrade offers similar cash and you can often talk them into raising the bonus if you are near one of the thresholds for the next tier of cash bonus.

Paul der Krake

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Re: Ally Invest offer of cash
« Reply #2 on: May 08, 2018, 06:26:48 PM »
If you can do 4 per year that's like a minimum wage worker right there, just for shuffling a bunch of ETFs around.

ThatGuy

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Re: Ally Invest offer of cash
« Reply #3 on: May 08, 2018, 10:09:17 PM »
Ally requires you to keep your initial deposit and bonus in the account for 300 days.

Mr. Green

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Re: Ally Invest offer of cash
« Reply #4 on: May 09, 2018, 06:45:19 AM »
You have to move $1M+ to get $2,500 and $2M+ to get $3,500. That's a quarter percent of less. You could easily lose more than that just being out of the market for a day during the transfer.

Cali

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Re: Ally Invest offer of cash
« Reply #5 on: May 09, 2018, 07:00:54 AM »


Nope

Rubic

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Re: Ally Invest offer of cash
« Reply #6 on: May 09, 2018, 07:33:03 AM »
You have to move $1M+ to get $2,500 and $2M+ to get $3,500. That's a quarter percent of less loss. You could easily lose more than that just being out of the market for a day during the transfer.

I've switched brokerages twice in the past few years, once to Etrade and
once to ScottTrade (now TD Ameritrade), each time for a $2,500 bonus.
I'll consider the Ally bonus if it's still around next year -- though the current
Ally offer expires 7/31/18, there's usually some brokerage bonus available.

To your point about missing out on the market ... When I transfer brokerage
accounts, the exact same shares I own are transferred, so no loss (or gain)
results during the transfer process.