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Ally Bank Promotion: Referral Code Bonus for 2026
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Ally Bank Bonus
Ally Invest Bonus
Overview of Ally Bank’s Promotion
The offer is built around referrals. When an existing eligible Ally Bank customer sends a special invitation link to someone who qualifies as a new Ally Bank deposit customer, both people can qualify for cash after the new customer opens an eligible account and completes the required steps. The newcomer can earn $100, while the referring customer can receive $50. Although the setup is straightforward, the promotion does come with several rules.
Conditions and Terms
You may distribute your referral link as often as you like, but Ally will only issue standard referral rewards for five (5) successful referrals under this campaign. That puts the standard yearly maximum at $250, although Ally may offer temporary additional rewards under separate terms.
The new customer must open an eligible account, fund it with any amount, and complete the account-specific requirements. Eligible accounts are currently the Ally Bank Savings Account and the Ally Bank Spending Account. The initial funding must take place within 30 days after the account is opened. Once the new customer opens and funds the eligible account, Ally will send the $50 referral reward to the referring account within 30 days.
The invited customer needs to use the same email address during enrollment and during the account-opening process.
To qualify as a new friend, the invited person must not already have an Ally Bank deposit account and must not have had an Ally Bank deposit account open since January 1, 2024.
The person making the referral must be selected by Ally to participate in the referral program and must maintain at least one eligible Ally Bank referrer account that is active and in good standing in order to receive the $50 payment.
Any rewards received through this promotion will be treated as interest for tax reporting purposes and could affect the customer’s tax liability.
Getting the Ally Bank Promo Link
As noted above, the new account has to be opened through a special referral URL. To locate your personal link on Ally’s website, sign in and click Profile & Settings in the top-right corner. In the menu that opens, choose the second Profile & Settings option. After that, another menu will appear; select Personal Information.
On the personal information screen, the refer-a-friend link should appear. If it is missing, you may need to get in touch with Ally Bank to confirm that your account is eligible for the promotion.
On the referral page, Ally displays your personal link beside a copy button. Copy the URL and send it to people who may want to earn a $100 bonus by opening a new eligible Ally Bank account.
The same referral link can also be found in Ally’s mobile app. Tap the Profile icon at the bottom of the screen. Near the top of the Profile page, there should be a button for Ally’s referral offer. Tap that button.
Once you reach the referral screen, you can copy the personal URL. There is also a sharing option that lets you send the link through social platforms like Facebook or by text message to people in your contact list.
Ally also includes a QR feature. Scroll down until you find the QR button, then tap it to generate a QR code tied to the referral program. Friends can scan the code and go straight to the account-opening process on their phones. The QR code can also be saved to a digital wallet for easy use later.
Getting the Ally Bank Bonus
Ally Bank will send the $50 referral reward to the existing customer within 30 days after the new customer opens and funds an eligible account. In the account activity, the deposit will appear as “Bonus Payment.” Ally will also send an email notification to the account holder, so keep an eye on your inbox.
The new customer’s $100 welcome bonus has additional requirements. For an Ally Bank Savings Account, the new customer must set up an automated recurring transfer or qualifying direct deposit and complete it at least once a month for three consecutive months. For an Ally Bank Spending Account, the new customer must set up and receive a qualifying direct deposit within 60 days of account opening.
Written by Alex Bost
Updated on 7/29/2026.
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