You can make 10 limited withdrawals and transfers per statement cycle. You won’t be charged a fee for excessive transactions, but we’ll close your account if you exceed the limit on more than an occasional basis.
Consult your tax professional for details on IRA distributions or withdrawals.
Because the Savings Account is part of your IRA with Ally, you’ll need to request a distribution. You can either log in to online banking and complete the distribution request, call us 24/7 at 877-247-2559, or complete and mail in the Distribution Form.
Keep in mind, we limit certain types of withdrawals and transfers from Savings Accounts to 10 per statement cycle.
There’s no fee for excessive transactions, but we’ll close your account if you exceed the limit on more than an occasional basis.