Ally transfer limits [2024] (2024)

If you have an account with Ally®¹ and need to send a payment to someone else, you’ll want to know what your transfer options are, and the Ally bank limit which will apply to your transaction.

This guide covers the basics you need to know, including the Ally transfer limit and where you can send money to.

Ally's transfer limits overview

Ally has a few important limits to know about when it comes to sending money. You can make domestic transfers from an Ally savings, money market, spending or CMG account². However, you can not make any international transfers out of an Ally account.

International transfers with Ally used to be available but were pulled in 2013, and have not been reinstated³. That means you’ll need to use an alternative third party service to send money overseas from Ally - we’ll look at one option, Wise, a little later.

For domestic transfers, Ally usually has no upper limit. However, for security, the standard approach is to limit the value of transfers from an Ally account to 25,000 USD within the first 90 days you have an account open.

If you need an exception to this, you can request one - for example, if you know you have a higher value bill coming in and want to pay from Ally.

Ally's international transfer limits

Ally does not allow international transfers from its accounts. Instead, to send your money overseas, you could consider using an alternative which allows high value secure transfers with just a phone or laptop - like Wise.

We’ll look at Wise in more detail in a moment - you can also take a look at Wise transfer limits here.

How can you check your Ally transfer limits?

Ally transfer limits are usually set only for the first 90 days your account is open. If you’ve been an Ally customer for longer than 90 days there should be no limit to the value of payment you can send.

If you have any questions about your Ally account, or the transfer options available to you, you can also log in to chat or send a secure message, or call 24/7 on 1-877-247-2559. Get all the Ally contact options online⁴ to pick the right one for you.

How can you increase your transfer limits at Ally?

If your account has been limited because you’re a new customer, don’t worry. The Ally limit of 25,000 USD in transfers for the first 90 days is there to protect customer security, but it’s not meant to stop you from using your account freely.

If you need to increase the Ally transfer limit for your account you can still do so by contacting Ally with a secure message, in chat or with a call - a team member will be happy to help.

What are your online transfer limits with Ally?

As we’ve seen, you can send as much as you like domestically with Ally as soon as your account has been open for 90 days or more. However, there’s no way to send a payment with Ally overseas - which will mean you need an alternative.

What’s the best way to send money internationally?

Banks are certainly one option for sending money internationally, as are services like PayPal. But the problem with banks is they can often be slow, expensive and inconvenient. Luckily, there’s a better alternative out there.

Some key features of Wise Business include:
Better visibility and organization of business finances. This is helpful for account reconciliations and audits Major local account details for a simple one-off fee to receive international payments with ease No monthly account fees or minimum balance requirements Receive payments from e-commerce platforms such as Amazon or via Stripe Create invoices using the free Wise invoice generator or invoice templates Accounting integrations, including a QuickBooks Bill Pay connection Batch payment options. Fast payment of up to 1,000 people

What are Ally's transfer fees and charges?

The fees you pay to transfer money within the US with Ally may vary based on your account type, so it's worth looking at your account fee schedule before you get started. Here are the fees you’ll pay if you have an Ally Bank spending account:

Transfer type	Ally fee⁵
Domestic payment with Zelle®	No fee
Domestic ACH (standard or expedited)	No fee
Domestic wire	20 USD

Things to keep in mind when transferring high amounts

Sending a high value payment can feel risky, but it doesn’t have to. Here are a few things you can do to set your mind at rest, no matter how much you’re sending:

Check your account transfer limits to make sure they cover the payment you want to make - with Ally you’ll need to ask for an exception for some high value payments in the first 3 months of being a customer
Get the recipient of your payment to check if there are any receiving limits imposed on their account, or any fees they should be aware of when they get a payment
Some high value transfers require additional paperwork for verification, to prove that the source of the funds is legitimate. Check with Ally if this will apply to your transfer before starting
Consider using a third party specialist provider like Wise if you’re sending money overseas. Limits are generally set very high, with low fees and the mid-market rate*

Transfer limits FAQ

What happens if you exceed your Ally transfer limit?

Ally doesn’t usually have a transfer limit once you’ve been a customer for 90 days. If you’re having a problem with a payment, or if you need an exception to the new customer transfer limit, get in touch with Ally by sending a secure email or opening a chat in your mobile banking app.

Are there any fees associated with exceeding transfer limits or requesting limit increases?

There’s no fee to ask for an exception to the new customer transfer limit with Ally. Just request an exception in an in-app chat or with a secure email or phone call.

How often do Ally transfer limits reset?

Ally doesn’t have any limits for domestic transfers once you’ve been a customer for 90 days.

Ally offers some great, low cost, banking products for US residents - but one limitation is that you can’t send money overseas with Ally.

Use this guide to learn more about Ally domestic Zelle, ACH and wire transfers - and consider an alternative non-bank provider like Wise for your next overseas payment. Wise transfers can be quick and cheap - and can be managed with nothing more than your smartphone*.

Sources:

Sources checked on 05.23.2024

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.