How Do I Increase My Spending on Ally Invest?

Ally Invest offers its clients a whole host of online investment services, making it easy for self-directed investors to play the market without the need for a broker. To pursue Ally Invest's trading opportunities, you need to learn how to transfer money to your Ally Invest account. Then you can start spending more there. Keep reading to learn how.

Linking an External Account

To transfer money to your Ally Invest account, you will first need to link an external bank account to it. To link the accounts, follow these instructions:

1. Log into Ally Invest online banking.
2. Click on Transfers.
3. Click on Manage Linked Accounts.
4. Enter the routing number for your external bank account.
5. Enter the account number.
6. Enter the type of account.

Ally Invest will verify that the bank account is yours and inform you when the accounts are linked. Once you have received this notification, you can transfer your funds.

Funding Your Ally Invest Account with an Electronic Transfer

The easiest way to transfer your money to your Ally Invest account is with an electronic transfer. To make one, follow these instructions:

1. Log into Ally Invest online banking.
2. Select Transfers.
3. Select Invest Transfers.
4. Select your linked external bank account as the account to transfer money from.
5. Select your Ally Invest account as the account that will receive the money.
6. Enter the amount you want to transfer.
7. Submit the transfer.

If you want to set up a recurring transfer, you will have an opportunity to do so after step 6. Then the same amount of money will regularly be transferred into your Ally Invest account.

Funding Your Ally Invest Account with a Wire Transfer

You can also send funds to your Ally Invest account with a wire transfer. Just contact your bank and give it the following information if it is a U.S. bank:

• The receiving bank's name: Ally Bank.
• The receiving bank's ABA/routing number: 124003116.
• The receiving banks' address: 200 West Civic Center Drive, Sandy, UT 84070.
• Your Ally Invest account number.
• Your name as it appears on your Ally Invest account.

If your bank is in another country, use this information:

• The receiving bank's name: JP Morgan Chase Bank, N.A..
• The receiving bank's ABA/routing number: 021000021.
• The receiving banks' address: 1 Chase Manhattan PLZ, New York, NY 10005.
• The Bank Identification code (SWIFT code): CHASUS33.
• Beneficiary account number: 802904391.
• The beneficiary name: Ally Bank.
• Your Ally Invest account number.
• Your name as it appears on your Ally Invest account.

Ally Invest does not charge anything for wire transfers.

Contacting Ally Invest

If you need help funding your Ally Invest account, you can contact an Ally Invest customer service representative for help. You can reach one by phone, help forum, chat, or email.