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 * FDIC Insurance

 * Ally Bank: 1-877-247-2559
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FDIC INSURANCE

Ally Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The
FDIC protects your Ally Bank deposits up to $250,000 per depositor for each
qualifying account ownership category. This means you can rest assured that your
deposits are safe up to FDIC limits, no matter what’s happening in the economy.


HOW FDIC INSURANCE WORKS

The FDIC, an independent federal agency, protects the money you deposit in
checking, savings, money market, CD, and retirement accounts at insured banks
like Ally Bank. FDIC insurance is backed by the U.S. government—according to the
FDIC, no depositor has lost a penny of insured funds since the agency’s founding
in 1933.

FDIC coverage starts automatically as soon as you open your account. But keep in
mind: if you choose to create a payable-on-death account, we’ll need some
identifying information about your beneficiaries—like an address, birthdate, and
government-issued ID number—to comply with the FDIC’s recordkeeping rules.


UNDERSTANDING FDIC INSURANCE COVERAGE

The standard insurance amount is $250,000 per depositor, per insured bank, for
each ownership category. This means that by having accounts in different
ownership categories, like single accounts and joint accounts, you can get more
than $250,000 in coverage. You can calculate your current coverage amount using
the FDIC’s EDIE the Estimator . 


If your balance is higher than your current FDIC insurance coverage amount,
consider these strategies to maximize your coverage:

 * Open a single account for each adult family member.
   If you and your spouse or partner each have a  single  account insured up to
   $250,000, together, you’ll have a total of $500,000 coverage.

 * Pool your money into joint accounts. 
   Joint accounts  are insured separately from accounts in other ownership
   categories, up to a total of $250,000 per owner. This means you and your
   spouse can get another $500,000 of FDIC insurance coverage by opening a joint
   account in addition to your single accounts. And adding another joint account
   owner—like a parent—adds another $250,000 in coverage, and so on.

 * Save for your child.
   You may be able to get an additional $250,000 of coverage for your family by
   opening a custodial account (also known as a Uniform Transfers to Minors Act
   or Uniform Gift to Minors Act account) in a minor’s name. For insurance
   purposes, the FDIC treats these as single accounts owned by the minor.

 * Save for retirement with an IRA Savings Account or IRA CD. 
   In addition to helping you plan for your future, a  retirement account  can
   help you increase your FDIC insurance coverage—retirement accounts are
   insured up to $250,000.

 * Add beneficiaries to your accounts. 
   You can increase your FDIC deposit insurance coverage by creating a
   payable-on-death account, also known as an informal revocable trust ,
   in-trust-for, or Totten trust account. A trust becomes a payable-on-death
   account when that account’s owner designates beneficiaries who will receive
   the funds when the account owner dies. Once you’ve added beneficiaries, you
   could qualify for additional insurance coverage. Get full details on the
   FDIC’s website .
   
   The rules for all trusts (including revocable trusts) apply through March 31,
   2024, when new rules will go into effect. Learn more about these changes on
   the FDIC’s website
   


KEEP IN MIND

This page is for informational purposes only. We don’t give legal, tax,
investment, or financial advice. If you have questions about FDIC insurance,
consult a financial professional or check out the FDIC’s educational materials .

--------------------------------------------------------------------------------



--------------------------------------------------------------------------------


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--------------------------------------------------------------------------------

A FEW THINGS YOU SHOULD KNOW

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services
company, NMLS ID 3015 . Ally Bank, the company's direct banking subsidiary,
offers an array of deposit, personal lending and mortgage products and services.
Ally Bank is a Member FDIC and Equal Housing Lender  , NMLS ID 181005 . Credit
products and any applicable Mortgage credit and collateral are subject to
approval and additional terms and conditions apply. Programs, rates and terms
and conditions are subject to change at any time without notice.

Ally Servicing LLC, NMLS ID 212403  is a subsidiary of Ally Financial Inc.

Options involve risk and are not suitable for all investors. Review the
Characteristics and Risks of Standardized Options brochure   before you begin
trading options. Options investors may lose the entire amount of their
investment or more in a relatively short period of time. 

Trading on margin involves risk. You can lose more funds than you deposit in a
margin account. Please review Margin Account Agreement and Disclosure  for more
information regarding margin trading.

Securities products and services are offered through Ally Invest Securities LLC,
member FINRA / SIPC . For background on Ally Invest Securities go to FINRA’s
BrokerCheck .  Advisory services offered through Ally Invest Advisors Inc., a
registered investment adviser.  View Disclosures . Ally Invest Advisors and Ally
Invest Securities  are wholly owned subsidiaries of Ally Financial Inc. 
Securities products are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE
VALUE. 

Before you invest, you should carefully review and consider the investment
objectives, risks, charges, and expenses of any mutual fund or exchange-traded
fund (ETF) you are considering. ETF trading prices may not necessarily reflect
the net asset value of the underlying securities. A mutual fund/ETF prospectus
contains this and other information and can be obtained by emailing
support@invest.ally.com .

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372)
offers term life insurance products issued by multiple insurers. For details go
to ladderlife.com . All insurance product terms are set and governed by the
individual insurance policy. Each insurer has financial responsibility for its
own products. 

Ally credit cards are issued by Ally Bank, Member FDIC. Mastercard and the
circles design are registered trademarks of Mastercard International
Incorporated.


FICO® is a registered trademark of the Fair Isaac Corporation in the United
States and other countries.

Ally and Do It Right are registered service marks of Ally Financial Inc.

App Store is a service mark of Apple Inc. Google Play is a trademark of Google
Inc. 

Zelle and the Zelle related marks are wholly owned by Early Warning Services,
LLC and are used herein under license.

From NerdWallet. © 2017-2024 and TM, NerdWallet, Inc. All rights reserved. 

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. FORTUNE and
Fortune 100 Best Companies to Work For® are registered trademarks of Fortune
Media IP Limited and are used under license. FORTUNE and Fortune Media IP
Limited are not affiliated with, and do not endorse products or services of Ally
Financial.  

PEOPLE’s Companies That Care Logo® is a registered trademark of TI Gotham, Inc.,
a Dotdash Meredith company. Used under license.

--------------------------------------------------------------------------------

©2009-2024 Ally Financial Inc.

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