Ally Bank is a unit of Ally Financial (formerly GMAC), which became a bank holding company in December 2008. Ally Bank offers a wide range of financial services, including online banking, mortgage lending (home financing/refinancing), and auto financing (auto financing, auto leasing).
The Bank also offers FDIC-insured savings products, including no-penalty certificates of deposit (CDs), online savings accounts, money market accounts and interest checking accounts. Ally Bank is one of the largest providers of automotive financing in the U.S.
Bank Routing Number: #124003116
GMAC’s banking unit officially changed its name to Ally Bank on May 15, 2009.
Net profit: $457 million (2018).