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Top Bank FAQs

  • What is Ally Bank's routing number?

    Our routing number is 124003116.

  • Will I receive a tax form for my Ally Bank account(s)?

    Tax form type You'll receive a tax form if: Your form will be:
    1099-INT
    • You're the primary account holder on the account
    • The total interest paid on all of your accounts during the previous year was at least $10. This includes accounts you may have closed.
    • You made an early withdrawal from your CD before the maturity date
    • Mailed by January 31 and should be available within 2 weeks
    • Available online by January 31
    • Available online for up to 18 months
    • Tax forms for Trusts are only available by mail at this time
    1099-R
    • You received a distribution of at least $10 from your IRA during the previous year
    • Mailed by January 31 and should be available within 2 weeks
    • Available online by January 31
    • Available online for up to 18 months
    1099-MISC
    • You received more than $600 in ATM fee reimbursements during the previous year
    • Mailed by January 31 and should be available within 2 weeks
    • 1099-MISC forms are only available by mail at this time
    5498
    • You receive a 5498 tax form for your IRA every year to reflect contributions to your IRA accounts, the fair market value of the IRA and required minimum distribution information
    • Mailed by May 31 and should be available within 2 weeks
    • Available online by May 31
    • Available online for up to 18 months
  • Can I deposit cash?

    Sorry, but we don't accept cash deposits.

  • How do I add money to my account?

    There are six ways to add money to your account:

    • Move funds online between Ally accounts
    • Transfer funds between your Ally and non-Ally accounts
    • Submit your check images with Ally eCheck Deposit
    • Use the direct deposit form to set up your paycheck or Social Security deposits. Download form
    • Make a wire transfer
    • Send checks by U.S. mail (Please don't send cash)
  • What is the difference between an Online Savings Account and Money Market Account?

    The main difference is in how you access your money. A money market account gives you more access because you can be issued a Visa® Debit Card and checks for these accounts. An online savings account does not support the use of checks and does not come with a debit card.

    It's important to note that there are Federal limits on transactions from U.S. savings and money market accounts.

    You can always call us and request a check made out to you. You can also make unlimited deposits and ATM withdrawals. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.