Ally Bank Routing Number

Frequently Asked Questions About Ally Bank Routing Numbers

Why does Ally Bank have two different routing numbers?

Ally Bank uses different routing numbers for different transaction types: 124003116 for ACH transfers and direct deposits, and 072014477 for domestic wire transfers. This is common for banks and helps route transactions through the appropriate payment networks. ACH transfers go through the Automated Clearing House network and take 1-3 business days, while wire transfers use the Fedwire system for same-day delivery. Always use 124003116 for direct deposit, automatic payments, and regular ACH transfers. Only use 072014477 when specifically sending a domestic wire transfer through Ally's online banking platform.

Can I send international wire transfers from Ally Bank?

No. Ally Bank does not support outgoing international wire transfers. You can only send domestic wire transfers to other banks within the United States. However, Ally Bank can receive incoming international wire transfers through their intermediary bank, JP Morgan Chase. If you need to send money internationally, you'll need to use an alternative service like Wise, OFX, Western Union, or another bank that supports international wires. This limitation is common among online-only banks that focus on domestic banking services.

How do I receive an international wire transfer at Ally Bank?

To receive an international wire transfer, you'll need to provide the sender with JP Morgan Chase Bank's information, since they process international wires on behalf of Ally Bank. Give the sender: JP Morgan Chase routing number (021000021), SWIFT code (CHASUS33), JP Morgan Chase address (1 Chase Manhattan Plaza, New York, NY 10005), beneficiary account number (802904391), beneficiary name (Ally Bank), and then "Further Credit To" information with your Ally Bank account number, your name as it appears on your account, and your address. Ally doesn't charge a fee to receive international wires, but intermediary banks may deduct fees during processing.

What are Ally Bank's wire transfer fees?

Ally Bank charges $20 for each outgoing domestic wire transfer. There is no fee for incoming domestic wire transfers. Since Ally doesn't send international wire transfers, there are no outgoing international wire fees. For incoming international wires, Ally Bank doesn't charge a fee, but intermediary banks in the transfer chain may deduct their own fees, which means you might receive less than the amount originally sent. For new accounts (less than 90 days old), there's a $25,000 limit on outgoing wire transfers, though Ally may waive this restriction upon request.

How long do wire transfers take with Ally Bank?

Domestic wire transfers sent through Ally Bank are typically processed the same business day if submitted and verified before 3:00 PM ET. Ally reviews all wire requests for security, so keep your phone handy in case they need to verify the transaction. Wires verified by 3:00 PM are sent by 6:00 PM ET the same day. Wires submitted after 3:00 PM or not fully verified will be processed the next business day. Ally doesn't process wires on weekends or bank holidays. For incoming international wires through JP Morgan Chase, expect 1-2 business days for processing, though timing can vary based on the sending bank and any intermediary banks involved.