Ally Invest Logo

Ally Invest Minimum Deposit

Your expert
Fact checked by
Adam N.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does Ally Invest have a minimum deposit requirement as of February 2024?

Reading time: 3 minutes

It's great that you are looking for deposit options at Ally Invest to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: Ally Invest is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and has a banking background.

My key findings in a nutshell
Edith
Edith Balázs
Fiscal Fables Storyteller | Forex • Safety • Financial Journalism

I've thoroughly tested Ally Invest services with our analyst team by opening a real-money account and these are my most important findings:

  • The minimum deposit at Ally Invest is $0
  • Ally Invest charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit Ally Invest's page to start the process
  • Ally Invest is a reliable broker regulated by at least one top-tier regulator

First, let's see if Ally Invest is available in your country?

Yes, you can open an account at Ally Invest if you live in the United States!
the United States

Visit broker

BrokerChooser score
4.5 4.5 /5
Visit broker

Is Ally Invest safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

Ally Invest can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

Visit broker

What is the minimum deposit at Ally Invest?

At Ally Invest, the minimum deposit is $0. This means that you can deposit as little money as you wish.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at Ally Invest

Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.

Here's a tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Also, at Ally Invest, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.

Visit broker

What base currencies are available at Ally Invest?

At Ally Invest, the only available currency is USD. Try to deposit money to your brokerage account in USD, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

What deposit methods are available at Ally Invest?

At Ally Invest, the only available option to deposit money to your account is via Bank transfer.

Remember, that you can only deposit funds from accounts that are in your name.

Deposit options Ally Invest
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

Visit broker

BrokerChooser score
4.5 4.5 /5
Visit broker

Is there any deposit fee at Ally Invest?

The answer is no. No deposit fees will be applied at Ally Invest.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

Visit broker

How to deposit money to Ally Invest account?

Here's a step-by-step guide:

  • Log in to Ally Invest's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to Ally Invest

If you get stuck during the process, you can always reach out to Ally Invest's customer support. At Ally Invest, customer support can be reached via live chat, phone and email.

Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Edith Balázs

Fiscal Fables Storyteller | Forex • Safety • Financial Journalism

I bring 20+ years of experience as a correspondent having worked for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed-income markets. I hold a Master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Follow us

Regional settings

×
I'd like to trade with...