Comments on: Ally Bank Review: A Fresh Start for an Aged Institution http://www.doughroller.net/reviews/ally-bank/ Money Management and Personal Finance | The Dough Roller Sat, 21 Nov 2009 01:10:27 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Kevin Lackner http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-15568 Kevin Lackner Fri, 30 Oct 2009 14:13:48 +0000 http://www.doughroller.net/?p=5152#comment-15568 Just looked into it. The Ally Bank on the Brokered CD list is not the same. Just looked into it. The Ally Bank on the Brokered CD list is not the same.

]]> By: Kevin Lackner http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-15567 Kevin Lackner Fri, 30 Oct 2009 14:05:57 +0000 http://www.doughroller.net/?p=5152#comment-15567 If the Ally Bank that is advertising high deposit rates is the same as the Ally Bank chartered in Midvale, UT, you should probably be aware that they are on the Watch List for Brokered CD banks based upon their June 30, 2009 call reports. . These banks are evaluated based upon their Texas Ratio (Nonperforming Assets + 90 day past-due loans and leases / tangible equity + loan loss reserves). The higher the ratio, the greater the financial and credit risk. The listed banks all have a Texas ratio in excess of 40%. While most depositors need not worry as they are covered by FDIC insurance, it is certainly an issue they should be aware of. If the Ally Bank that is advertising high deposit rates is the same as the Ally Bank chartered in Midvale, UT, you should probably be aware that they are on the Watch List for Brokered CD banks based upon their June 30, 2009 call reports. .

These banks are evaluated based upon their Texas Ratio (Nonperforming Assets + 90 day past-due loans and leases / tangible equity + loan loss reserves). The higher the ratio, the greater the financial and credit risk. The listed banks all have a Texas ratio in excess of 40%. While most depositors need not worry as they are covered by FDIC insurance, it is certainly an issue they should be aware of.

]]> By: Tony http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-15222 Tony Wed, 30 Sep 2009 00:39:33 +0000 http://www.doughroller.net/?p=5152#comment-15222 I just love this Bank. I have been very pleased with their No Penalty CD and like their 24x7 customer service concept a lot. Their website is really good and I have had no problems moving money between banks whenever I needed to. Good service and good rates.....what more can you ask for? I just love this Bank. I have been very pleased with their No Penalty CD and like their 24×7 customer service concept a lot. Their website is really good and I have had no problems moving money between banks whenever I needed to. Good service and good rates…..what more can you ask for?

]]> By: Kel http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-14976 Kel Thu, 17 Sep 2009 04:07:01 +0000 http://www.doughroller.net/?p=5152#comment-14976 I've had no problems with Ally whatsoever. Didn't need any physical paperwork and the transfer from my bank went smoothly. At least that was the expierence I had with my CDs. Never even needes to talk to customer service.They do have some of the best rates around. And DR, I agree. I dont see what GM's bankruptcy has to do with Ally's CD rates :-P I’ve had no problems with Ally whatsoever. Didn’t need any physical paperwork and the transfer from my bank went smoothly. At least that was the expierence I had with my CDs. Never even needes to talk to customer service.They do have some of the best rates around. And DR, I agree. I dont see what GM’s bankruptcy has to do with Ally’s CD rates :-P

]]> By: Garlicbulb http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-14937 Garlicbulb Fri, 11 Sep 2009 22:43:36 +0000 http://www.doughroller.net/?p=5152#comment-14937 Stay away from Ally Bank. Their website does not accurately reflect transactions and they want real paperwork when you sign up Stay away from Ally Bank. Their website does not accurately reflect transactions and they want real paperwork when you sign up

]]> By: DR http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-13555 DR Sat, 11 Jul 2009 20:39:12 +0000 http://www.doughroller.net/?p=5152#comment-13555 Thanks for the input on Ally. I don't know if the problems have anything to do with their transition from GMAC to Ally, but I'll look into and report what I find. Thanks for the input on Ally. I don’t know if the problems have anything to do with their transition from GMAC to Ally, but I’ll look into and report what I find.

]]> By: Cynthia http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-13542 Cynthia Sat, 11 Jul 2009 11:11:53 +0000 http://www.doughroller.net/?p=5152#comment-13542 I have spent one week and numerous phone calls and have been unable to open a savings account. The customer no service representatives haven't a clue as to what they are doing. I'm taking my business elsewhere. I have spent one week and numerous phone calls and have been unable to open a savings account. The customer no service representatives haven’t a clue as to what they are doing. I’m taking my business elsewhere.

]]> By: GMACAllyCustomer http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-13376 GMACAllyCustomer Fri, 03 Jul 2009 11:15:19 +0000 http://www.doughroller.net/?p=5152#comment-13376 I have been with Ally (GMAC) for 3 years. I had no problem with GMAC before. Recently I spend 2 months in Ally and still can not open a new account, this experience is very frustrated. The customer representatives have inconsistent answers. One day they call you with one answer, and please don’t feel surprised for the call from them in the following days with another answer; I fax the documents to them, and they can not find/locate the fax. I am tired with several rounds of this kind of inconsistence. My question is: If representatives can NOT provide standard guidance/answer, what’s the meaning of customer service of the bank? Although they have 7-24 call service, it won’t help if they can NOT solve your problem. (In fact, it wastes your time!) I am searching for another bank with relative high rates. Enough is enough. I have been with Ally (GMAC) for 3 years. I had no problem with GMAC before.

Recently I spend 2 months in Ally and still can not open a new account, this experience is very frustrated. The customer representatives have inconsistent answers. One day they call you with one answer, and please don’t feel surprised for the call from them in the following days with another answer; I fax the documents to them, and they can not find/locate the fax. I am tired with several rounds of this kind of inconsistence.

My question is:
If representatives can NOT provide standard guidance/answer, what’s the meaning of customer service of the bank?

Although they have 7-24 call service, it won’t help if they can NOT solve your problem. (In fact, it wastes your time!)

I am searching for another bank with relative high rates. Enough is enough.

]]> By: DR http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-13317 DR Mon, 29 Jun 2009 09:49:24 +0000 http://www.doughroller.net/?p=5152#comment-13317 JanSimpson, first, I was not paid by anybody to write this review. Second, Ally Bank, formally GMAC, is not owned by GE. Third, the Chinese own so much of our debt because we Americans (both government and individuals) can't seem to say no when it comes to buying stuff. Fourth, the hand-outs from the Government make me sick, too. We've gone far beyond what the government typically spends in financially tough times. Now the government helps us pay for our homes, cars, and digital TV converters. Government is without doubt out of control, but I'm not sure how that reflects on whether or not Ally Bank offers a good rate on a CD, which it does. JanSimpson, first, I was not paid by anybody to write this review. Second, Ally Bank, formally GMAC, is not owned by GE. Third, the Chinese own so much of our debt because we Americans (both government and individuals) can’t seem to say no when it comes to buying stuff. Fourth, the hand-outs from the Government make me sick, too. We’ve gone far beyond what the government typically spends in financially tough times. Now the government helps us pay for our homes, cars, and digital TV converters. Government is without doubt out of control, but I’m not sure how that reflects on whether or not Ally Bank offers a good rate on a CD, which it does.

]]> By: JanSimpson http://www.doughroller.net/reviews/ally-bank/comment-page-1/#comment-13307 JanSimpson Sun, 28 Jun 2009 13:08:36 +0000 http://www.doughroller.net/?p=5152#comment-13307 Nice post -but why are you being paid by the evil ones who want to tax this country so much we go bankrupt and will be fully controlled by the Chinese? Seriously you are messed up - GMAC is owned by GE who will getting hand-outs from the Government of taxpayer monies. First we will pay for their research and then we will pay through the nose for the products, plus get taxed 20 times over. stop the spreading of liberal bs and get a life in helping others. JanSimpson Nice post -but why are you being paid by the evil ones who want to tax this country so much we go bankrupt and will be fully controlled by the Chinese? Seriously you are messed up –

GMAC is owned by GE who will getting hand-outs from the Government of taxpayer monies. First we will pay for their research and then we will pay through the nose for the products, plus get taxed 20 times over.

stop the spreading of liberal bs and get a life in helping others.

JanSimpson

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