Beneficiaries FAQs
FAQs
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You can change or add beneficiaries to your Ally Bank accounts any time on ally.com.
Ally Bank Checking, Savings or CD Accounts
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Log in to ally.com.
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Choose Profile and Settings.
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Select Beneficiaries.
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Select Add Beneficiary.
Select the Edit icon to update existing information, or the Remove icon to delete a beneficiary. You can only add a beneficiary to one account at a time, and there are no primary or contingent designations
Ally Bank Individual Retirement Accounts (IRA)
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Log in to your account on ally.com.
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Select your plan.
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Choose Beneficiaries.
You must designate a primary beneficiary before adding a secondary.
If you’re married, live in a community property state and would like to appoint a primary beneficiary other than or in addition to your spouse, you must submit a notarized Change of Beneficiary form that includes your spouse's signature. Before making any changes, you can talk to a tax professional or the IRS for more information.
Check out this video to learn more
Ally Invest Individual or Joint Accounts
To change or add a beneficiary to a non-IRA Ally Invest account, complete the Beneficiary Form (PDF) , then upload it in the forms section after logging in. You can also fax it to 1-866-699-0563, or mail it to:
Ally Invest
PO Box 30248
Charlotte, NC 28230Ally Invest IRA accounts
While opening an Ally Invest IRA account online, you'll be asked to identify at least one primary beneficiary for your account. To update or change your beneficiary, complete the IRA Beneficiary Designation (PDF) . Be sure to sign it, then upload it in the forms section after logging in to your account, fax it to 1-866-699-0563 or mail it to:
Ally Invest
PO Box 30248
Charlotte, NC 28230 -
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Give us a call at 1-877-247-2559 and request a Disclaimer Form.
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Mail a completed Estate Account Application (PDF) and any required documentation to us at:
Ally Bank
P.O. Box 951
Horsham, PA, 19044 -
You can have up to 6 total beneficiaries (primary and contingent) for each IRA.
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It's an account with a beneficiary or multiple beneficiaries designated by the account owner. Any funds left in the account are payable to the designated beneficiary when the account owner passes away.
If the payable-on-death beneficiary is a minor, charity or Trust, please call us at 1-877-247-2559. Our customer care team will provide you with specific instructions related to your situation.
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Your primary beneficiaries are the people who will receive the funds in your account at your death. Contingent beneficiaries will receive these funds if all primary beneficiaries are deceased.
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Give us a call at 1-877-247-2559 to let us know about your situation.
If you need to transfer account ownership, you'll need to provide us with:
- Copies of legal paperwork stating that the account owner has been deemed legally incompetent
- Power of attorney document
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When you’re ready, give us a call at 1-877-247-2559. We’re here 24/7.
If you’re a beneficiary, joint account owner or need to transfer account ownership, review our checklist for more information on the types of documents you’ll need.