Congrats on deciding to take the first step towards either changing your banking habits, or trying to earn more interest on your money! Check out Ally.com to get started.
Step One: Starting a New Application
Your first step is an easy one – select whether you are just starting a new application, or if you have one saved from a previous time.
Step Two: Selecting the Account Type You Want to Open
Are you looking to start a checking, savings, IRA savings, etc.? This is a pretty easy one as well. I opened 7 different general savings, but you can always change things up.
Step Three: Choosing Your Opening Deposit Amount
As the box on the right says, there is no minimum deposit, so feel free to start your account with $1 if you’d like. 🙂
Step Three x 2 (Optional): Adding More Than One Savings Account at a Time
If you are looking to start multiple accounts at once, you can add more by using this drop-down menu. Go to town!
Step Four: Deciding Between an Individual or Joint Account
Are you going to be sharing this account with a spouse, or would you rather keep it to yourself?
Step 5: Submitting Your Application
Here is the Deposit agreement and online banking agreement- both of which are pretty straightforward.
Check the box if you agree, and you’re all set!
Once you’re all done with the application, it typically takes a few days to make the initial deposit if you aren’t already an Ally customer. If you are using Ally already, your account should be ready in about 30 seconds!
Now is the time where you can set up automatic payments from your checking account to each savings every month, to fund your goals. You can set these up to run at any interval you’d like, from every few weeks, all the way up to once every year.
Or you can do this manually each month, it really depends what your preference is when it comes to banking.
Did this help you get started, or have you already been using this method? Let us know in the comments below – I’d love to hear from you!