Ally Invest® | Commissions and Fees (2024)

FAQs

Does Ally Invest have fees? ›

We charge a $4.95 base commission and a penny per share when trading stock valued below $2. The maximum commission generally doesn't exceed 5% of the trade value. View our Commissions and Fees for more detailed information. We also require a minimum opening purchase of $100 per order on OTCBB and Pink Sheet stocks.

Fees. Ally Invest has low trading fees and non-trading fees, including zero base commission on most stocks and ETFs. On the negative side, margin rates are quite high. We compared Ally Invest's fees with two similar brokers we selected, Merrill Edge and Fidelity.

Ally Invest has competitive pricing, helpful trading tools and an easy-to-use trading platform. With no account minimum it's easy for beginners to get started, while active investors will appreciate Ally's commission-free trades on eligible U.S. securities and low options contract fee.

Does Ally Bank Have Hidden Fees? Ally Bank doesn't charge many of the banking fees that other competitors do, including monthly maintenance fees, overdraft fees, ACH transfer fees, incoming wire fees, or cashier's check fees.

We don't charge commissions for stocks and ETFs priced $2 and higher. Low-priced securities are charged a $4.95 base commission plus one cent per share on the entire order.

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.

Because Ally doesn't charge monthly maintenance fees, there's no need to worry about how to avoid them. You'll only pay fees on optional services, excessive transactions, overdrafts and returned deposits.

What are your ATM fees? There's no charge to use any Allpoint® ATM in the U.S., plus we reimburse up to $10 at the end of each statement cycle for fees charged at other ATMs nationwide. Keep in mind, we pay interest on the reimbursed amount starting on the day the funds are credited to your account.

The Probability of Bankruptcy of Ally Financial Inc (ALLY) is 3.2% . This number represents the probability that Ally will face financial distress in the next 24 months given its current fundamentals and market conditions.

Is fidelity better than Ally Invest? ›

Is Fidelity better than Ally Invest? After testing 18 of the best online brokers, our analysis finds that Fidelity (98.7%) is better than Ally Invest (84.6%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

How do I withdraw funds? You can request a transfer by logging in and selecting Transfers. You can also wire funds to another account for a $30 fee or request a check for a $5 fee.

Ally Invest is a far more full-featured broker than Robinhood, which is primarily designed to buy and sell stock. Ally Invest offers over 12,000 mutual funds for one of the lowest commission rates we've seen. Investors can buy and sell bonds, which can be a portfolio staple for income-seeking investors.

Is Ally a safe bank? Your money is safe with Ally Bank because it is FDIC-insured. This means that your funds in Ally deposit accounts are insured up to $250,000 per person, per ownership category if the bank goes out of business.

We serve approximately 11 million customers through a full range of online offerings, including deposits, mortgage, industry-leading auto financing and insurance, credit cards, securities brokerage and investment advisory services, and a corporate finance business providing capital for equity sponsors and middle-market ...

No minimum balance required to open an account or earn APY.