Ally Bank

In online banking, Ally Bank is a pioneer. The bank that provides affordable account deposits and other financial services. Ally’s origins go back to 1919 when it began as GMAC, automaker GM’s finance arm. In 2009, the bank rebranded a straight-talking online Ally branch. Ally is one of the top choices in the market, with several deposit accounts available along with attractive interest rates. Relatively poor rates on CDs and savings accounts. It not only includes personal banking solutions; it also provides a wide range of services including car loans, home loans, and investment options. No minimum conditions for opening balance, or monthly payments. Links to more than 43,000 US Allpoint ATMs Ally Bank can cater to most customers seeking a solid bank account online. You can open different bank accounts for regular use and long-term savings.

Ally Bank

Ally Bank
Routing Number	124003116

What is a Routing Number?

A routing number is a code of nine digits which is used to identify a US financial institution. It may also be known as an RTN, an ABA routing number, or a transit routing number. The American Bankers Association (ABA) had originally created routing numbers to streamline the distribution of paper checks on a large scale. Banks use routing numbers to guide the exchange of funds between themselves and from each other. Usually, most personal checks can be found at the bottom left corner with the routing code. A routing number indicates where the bank branch you opened your account is located. The other term is “Account Number,” it’s located at the bottom of your personal search, just to the right of your routing. Your bank account number is a unique identifier. One more is “Check Number,” the bottom right corner of your personal check includes a specific check number to help you keep a record of all the payments. Two routing numbers, such as ABA and ACH. ABA routing numbers are used for paper checks while ACH routing numbers are used for electronic transfer and withdrawals. You can get SWIFT and IBAN codes. Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a code defining the bank in a foreign transaction. For international purchase, the International Bank Account Number (IBAN) marks your personal account. Both SWIFT and IBAN were designed to standardize the financial institutions’ international identification systems.