On December 11, 2020, Ally Financial Inc. provided noteholder notice to the Demand Notes investor base detailing Ally’s intention to terminate our Demand Notes program and redeem, in full, all outstanding Demand Notes. The program closure and Demand Note redemption date is March 1, 2021. Demand Notes account holders will be contacted prior to March 1, with additional details.
Below, we’ve compiled a list of our most frequently asked questions regarding the discontinuation of our Demand Notes program, and potential next steps for Demand Account holders.