How to name beneficiaries and fund a trust at Ally Bank
Covers 6 deposit, 3 investment, and 4 retirement accounts — beneficiaries can be managed online
Ally Bank Customer Care
Phone1-877-247-2559
Mailing Address
Ally Bank, PO Box 951, Horsham, PA 19044
WebsiteLearn more →
Deposit Operations
Phone1-877-247-2559
Fax866-699-2969
Mailing Address
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044
WebsiteNotify online →
Verified Mar 2026
Preparing your Ally Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
With 13 product types, Ally Bank offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
Ally Bank Spending AccountAlly Bank Savings AccountMoney Market AccountHigh Yield CDRaise Your Rate CDNo Penalty CD
1Log in to ally.com
2Go to Profile and Settings, then select Beneficiaries
3Click Add Beneficiary and select the account
4Enter beneficiary information and submit
5For IRAs: select your plan from the account list, then choose Beneficiaries
6Designate a primary beneficiary first, then add contingent beneficiaries if desired
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Married residents of community property states need a notarized Change of Beneficiary form with spouse signature to name non-spouse IRA beneficiaries
- Trusts, minors, and charities as beneficiaries require calling customer care at 1-877-247-2559
- Bank deposit accounts have no primary or contingent designations; beneficiaries share equally
- IRA accounts limited to 6 total beneficiaries (primary and contingent combined)
Ally Bank Customer Care
Phone1-877-247-2559
Mailing Address
Ally Bank, PO Box 951, Horsham, PA 19044
WebsiteLearn more →
Deposit Operations
Phone1-877-247-2559
Fax866-699-2969
Mailing Address
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044
WebsiteNotify online →
Verified Mar 2026
Estate planning documents for Ally Bank customers
Free documents designed to protect your Ally Bank accounts.