Ally Bank:
  • 1-877-247-2559
  • Open 24/7

Transfers: What to expect

Like all banks, we use the Automated Clearing House network to process online transfers from one bank to another. Here we’re showing you how it works to give you a better idea of where your money is going and when it’s going to get there.

Standard Transfer

Here’s an example of a schedule for a standard, 3-business-day transfer. The transfer is initiated on Wednesday and sent to the clearing house on Thursday. It isn’t processed during Federal Reserve holidays or on weekends since clearing houses are closed then. Funds are then debited from the transferring account on Monday and delivered by end of the day Tuesday.

Alt text for Friday, Saturday and Sunday = The transfer is never processed on a holiday, which falls on Friday in this example, or on Saturdays or Sundays, since clearing houses are closed on weekends.
  • Wednesday

    Transfer requested

  • Thursday

    Day 1 | Funds withdrawn

  • Friday

    Holiday

  • Saturday

    Weekend

  • Sunday

    Weekend

  • Monday

    Day 2

  • Tuesday

    Day 3 | Funds delivered

Next-Day Transfers

Here’s an example of a schedule for a next-day transfer made from Ally Bank. The transfer is requested Thursday and funds are immediately withdrawn from the Ally Bank account. The clearing house then routes the transfer and delivers the funds to the non-Ally Bank account by end of day Monday. No processing occurred during the Federal Reserve holiday or weekend since clearing houses are closed then. If the transfer had been initiated after 7:30 pm ET, it wouldn’t begin processing until the next business day.

Alt text for Friday, Saturday and Sunday = The transfer is never processed on a holiday, which falls on Friday in this example, or on Saturdays or Sundays, since clearing houses are closed on weekends.
  • Wednesday

            

  • Thursday

    Day 1 | Transfer requested, funds withdrawn

  • Friday

    Holiday

  • Saturday

    Weekend

  • Sunday

    Weekend

  • Monday

    Day 2 | Funds delivered

  • Tuesday

          

Here’s an example of a schedule for a next-day transfer made to Ally Bank. The transfer is requested and sent to the clearing house on Thursday. The clearing house then routes the transfer, debits the non-Ally Bank account, and delivers the funds to the Ally Bank account by end of day Monday. No processing occurred during the Federal Reserve holiday or weekend since clearing houses are closed then. If the transfer had been initiated after 7:30 pm ET, it wouldn’t begin processing until the next business day.

Alt text for Friday, Saturday and Sunday = The transfer is never processed on a holiday, which falls on Friday in this example, or on Saturdays or Sundays, since clearing houses are closed on weekends.
  • Wednesday

            

  • Thursday

    Day 1 | Transfer requested

  • Friday

    Holiday

  • Saturday

    Weekend

  • Sunday

    Weekend

  • Monday

    Day 2 | Funds withdrawn and delivered

  • Tuesday

          

Which username did you forget?

Forgot your bank or invest username?

Call us 24/7 for help.

Bank 1-877-247-2559

Invest 1-855-880-2559