How to name beneficiaries and fund a trust at Ally Bank
Covers 7 deposit, 3 investment, 4 retirement, and 2 lending accounts — beneficiaries can be managed online
Ally Bank Customer Care
Ally Bank, PO Box 951, Horsham, PA 19044
Trust Support (call 1-877-247-2559, press 5, then 4 for Trust)
Ally Bank, PO Box 951, Horsham, PA 19044
Ally Bank Deposit Operations
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044 (overnight: 200 Dryden Rd, Suite 1075, Dresher, PA 19025)
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 16 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.
- Select Add Beneficiary and choose the account (only one account can be updated at a time)
- Enter the beneficiary name, relationship, date of birth, and Social Security number
- There are no primary or contingent designations on deposit accounts — named beneficiaries share the balance
- Designate a primary beneficiary before adding a secondary (contingent) beneficiary
- Up to 6 total beneficiaries (primary and contingent combined) per IRA plan
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Ally Bank deposit accounts (POD) have no contingent beneficiaries — the Deposit Agreement states contingent beneficiaries are not available for POD accounts
- Only beneficiaries living when all owners have died take; a predeceased beneficiary's share is split proportionally among the surviving beneficiaries
- Ally Bank IRAs are limited to 6 total beneficiaries (primary and contingent combined), and a primary must be named before a contingent
- Married residents of community property states must submit a notarized Change of Beneficiary form signed by the spouse to name a non-spouse IRA beneficiary
- Trusts, minors, and charities as beneficiaries require a call to 1-877-247-2559
- Ally Invest beneficiary designations are paper-only and are subject to acceptance by Apex Clearing Corporation; TOD registration is not available to residents of all jurisdictions
Sources
Data sourced from Ally Bank primary sources (20 pages reviewed). How we research.
Download these Ally Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Ally Bank primary sources. Bring it to the branch or keep it beside the phone.
Ally Bank Customer Care
Ally Bank, PO Box 951, Horsham, PA 19044
Trust Support (call 1-877-247-2559, press 5, then 4 for Trust)
Ally Bank, PO Box 951, Horsham, PA 19044
Ally Bank Deposit Operations
Ally Bank Deposit Operations, PO Box 951, Horsham, PA 19044 (overnight: 200 Dryden Rd, Suite 1075, Dresher, PA 19025)
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