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
Ally Invest
International (Banking)
International (Invest)
WebsiteLearn more→
Deposit Operations
Phone1-877-247-2559
Fax1-866-699-2969
Mailing Address
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044
Ally Invest
WebsiteNotify online→
Verified Apr 2026
There are two ways to keep your Ally Bank accounts out of probate: adding beneficiary designations and retitling eligible accounts into a revocable living trust. Which approach works best depends on the account type and your overall estate plan.
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
1
Log in to ally.com
2
Go to Profile and Settings, then select Beneficiaries
3
Add a beneficiary to a deposit account:
- Click Add Beneficiary and select the account
- Enter beneficiary information and submit
4
Add a beneficiary to an IRA account:
- Select your plan from the account list, then choose Beneficiaries
- Designate 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
Ally Invest
International (Banking)
International (Invest)
WebsiteLearn more→
Deposit Operations
Phone1-877-247-2559
Fax1-866-699-2969
Mailing Address
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044
Ally Invest
WebsiteNotify online→
Verified Apr 2026
Estate planning articles
Learn how to protect your Ally Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
