Ally Referral Bonus: Unlock Savings with Ally 1 Referral Bonus: A Step-by-Step Guide

Ally Referral Bonus
Unlock Savings with Ally Referral Bonus: A Step-by-Step Guide

Ally Referral Bonus: Looking to boost your savings with Ally Bank? The Ally Referral Bonus program offers a fantastic way to earn cash rewards by simply referring friends and family. Here’s everything you need to know to maximize your earnings with this program.

What is the Ally Referral Bonus?

The Ally Referral Bonus is a promotional offer from Ally Bank that rewards both the referrer and the new customer. By inviting friends to open a new Ally Savings Account, you can earn bonuses that add up quickly. Here’s a detailed look at how the program works.

How the Ally Referral Bonus Works

For the Referrer:

  • Earn $50 for each successful referral.
  • Maximum Bonus: Up to $250 (five referrals).

For the Referred Friend:

  • Earn up to $125, calculated as 0.50% of new deposits.
  • Minimum Requirement: Deposit new funds and maintain the balance until the specified date.

Step-by-Step Guide to Earning Your Ally Referral Bonus

Step 1: Enroll in the Program

Visit the Ally Bank website and sign up for the referral program using your email address. Ensure that the email matches the one associated with your existing Ally account.

Step 2: Share Your Referral Link

Once enrolled, you’ll receive a unique referral link. Share this link with friends and family via email, social media, or any other preferred method.

Step 3: New Customer Opens an Account

Your referred friend must use your referral link to open a new Ally Savings Account.

Step 4: Deposit New Money

The new customer needs to deposit new money into their account from another financial institution. The deposit should be completed within 30 days of account opening.

Step 5: Maintain the Balance

The referred friend must maintain the deposited funds from the specified date through the retention period to qualify for the bonus.

Step 6: Receive Your Bonus

Both the referrer and the referred friend will receive their respective bonuses once all conditions are met. The bonuses will be deposited directly into their Ally Savings Accounts.

Example Scenario

ActionReferrer BonusReferred Friend Bonus
1 successful referral$50Up to $125
5 successful referrals$250Up to $625

Tips for Maximizing Your Ally Referral Bonus

  1. Promote Widely: Share your referral link through multiple channels to reach a wider audience.
  2. Highlight Benefits: Emphasize Ally’s competitive interest rates and user-friendly online banking features to attract more referrals.
  3. Follow Up: Remind your friends to complete the deposit requirements and maintain their balance to ensure both of you receive the bonuses.


The Ally Referral Bonus program is a win-win opportunity for both current and new customers. By following these simple steps and promoting your referral link effectively, you can significantly boost your savings. Start sharing today and watch your bonuses grow!

For more detailed information and to enroll in the program, visit Ally Bank’s Referral Program Page.

Read also: Chase Sapphire Reserve: Maximize Your Benefits with the Chase Sapphire Reserve


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