Our Summary: You can buy stocks with Ally Bank through their investment platform called Ally Invest. It is a commission-free brokerage platform that connects to your Ally Bank online account that gives you access to thousands of Stocks, Bonds, Mutual Funds, and a Margin account.
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Can I buy Stocks with Ally Bank?
Yes, you can buy stocks with Ally Bank. Ally Invest is their ecosystem-native online broker that offers a variety of investment options, including stocks. When you open an account with Ally Bank, you will be able to choose from a variety of investment options, including stocks, mutual funds, ETFs, and more.
Ally Bank has no minimum balance requirement and offers a variety of tools and resources to help you make the most of your investment. Ally Invest is a great choice for investors of all experience levels.
How to buy Stocks on Ally Invest
Buying stocks on the Ally Invest platform is easy and can be done in minutes from your Ally online banking account. If you want to open a Self-Directed Trading account, all you need to do is:
- Visit the Ally Invest website.
- Select 'Start Trading' on their home page.
- Input your personal information associated with your Ally Bank account.
Can I buy Stocks of Ally Bank and Ally Financial?
Ally Bank is a subsidiary of Ally Financial, and its stock is also available for purchase (NYSE: ALLY) on the New York Stock Exchange. Ally Financial is a publicly traded company, so its stocks can be bought and sold on the open market. If you're interested in investing in Ally Financial, you can do so through the Ally Invest brokerage.
Alternatives to Ally Invest
One of the main disadvantages of Ally Invest is that they don't offer a variety of asset classes like Metals (gold & silver), Commodities (oil & natural gas), Cryptocurrencies, or Forex markets. If you want access to a broader range of markets, we recommend using a platform like eToro US.
They have over 6,000 assets listed across global Stock markets, ETFs, Commodities, Cryptos, Mutual Funds, and much more.
About Ally Bank
Ally Bank is an online bank that offers a variety of financial products and services, including savings accounts, CDs, money market accounts, auto loans, and mortgages. Ally Bank is a Member FDIC institution and its headquarters are located in Charlotte, North Carolina.
Ally Bank has no physical branches but offers 24/7 customer support by phone, chat, and email. Ally Bank is known for its great customer service and its commitment to providing a stress-free banking experience.
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