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, federal law permits limiting the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 per statement cycle.
There's usually a $10 excessive transaction fee for each transaction over this limit, but we’re continuing to refund the fee on savings accounts for now.
You can make six withdrawals and transfers per statement cycle.
Federal law permits limiting certain types of withdrawals and transfers from savings and money market accounts. There's usually a $10 excessive transaction fee for each transaction over this limit, but we’re continuing to refund the fee on savings accounts for now.
Consult your tax professional for details on IRA distributions or withdrawals.