Personal Finance Money transfer

Ally Bank international wire transfer: fees, how-to & more

Adam Rozsa

19.07.22 (updated more than 1 year ago)

Read time 2 minutes

Based in the US, Ally Bank doesn’t operate internationally and only offers services to US citizens and residents¹.

So, as it isn’t an international bank, is it possible for customers to make international wire transfers?

We’ll answer this question below, along with info on Ally wire fees and whether you can receive money from abroad.

Plus, a look at an alternative for making safe, fast and convenient international transfers - the Wise account. It could be much as 6x cheaper than using your bank.

How do you make a wire transfer with Ally Bank?

Unfortunately, Ally Bank discontinued outgoing international money transfer services in 2013².

However, you can still make domestic wire transfers within the US using your Ally account. It’s easy to set up using online banking. All you’ll need to do is complete the online wire transfer form - you may receive a call afterwards to verify your request. Alternatively, you can print a paper version of the form and fax it back to the bank³.

You may also be able to receive incoming wire transfers from overseas with your Ally account. We’ll look at how that works later, along with Ally Bank wire fees.

Does Ally Bank charge for wire transfers?

You can’t send an international wire transfer with Ally Bank, but you can still send domestic ones. And as you might expect, there are charges involved.

Let’s take a quick look at Ally Bank wire transfer fees, including for receiving money from abroad:

Transfer type	Ally wire transfer fees³
Sending international wire transfer	Not available
Sending domestic wire within US	$20
Receiving a domestic wire	No fee - but the bank sending the wire may charge a fee.
Receiving an international wire	No fee - but intermediary bank fees may apply.

When it comes to intermediary bank fees, these can vary. When you transfer money between banks, it’s generally done via SWIFT, which means your money may pass through multiple banks before reaching its destination. Each of those banks can charge a fee.

💡 There’s also exchange rates to consider. On top of the possibility of intermediary fees, banks can also mark up the exchange rates they use to convert your transfer into the destination bank’s currency, keeping the extra for themselves.

Send money abroad with Wise - and save up to 6x

If you’re still looking for a way to send money internationally as an Ally Bank customer, consider an alternative money transfer service like Wise. You can still send the money from Ally Bank, but by using Wise’s platform and new technology.

Wise allows you to send money abroad for a low, transparent fee and the exact mid-market exchange rate. This is the same rate you find on Google, and it’s the fairest you can get.

There are no subscription or account fees, no intermediary bank fees and no ‘hidden’ fees in the exchange rate. Only fair, cheap money transfers, every time.

💡 There’s even a Wise Business account, which is especially useful considering that Ally doesn’t offer business checking accounts..

See how much you can save with Wise:

How to receive an international wire transfer with Ally Bank

Even though you can’t make an outgoing Ally international wire transfer, you can still receive them.

Here’s what you’ll need to provide to the sender to make sure your incoming international wire goes to the right place³:

Receiving Bank: JP Morgan Chase Bank, N.A. (this bank processed wire transfers on behalf of Ally Bank)
ABA/Routing Number: 021000021
Address: 1 Chase Manhattan PLZ, New York, NY 10005
SWIFT Code or Bank Identification Code: CHASUS33
Beneficiary Account Number: 802904391
Beneficiary Name: List 'Ally Bank' since the wire is being processed by JP Morgan Chase Bank, N.A.
Further Credit: Your Ally Bank Account Number and your name as it appears on your Ally Bank account.

Contact/Help - More questions around your transfer?

If you need help or have a question about Ally Bank transfers, here’s how to get in touch with customer services:

Contact method	Details⁴
Call	1-877-247-2559 +1-757-247-2559 (outside the US)
Email	Login to online banking or the Ally Mobile app to send a secure message.
Mail	General Bank Correspondence Ally Bank Customer Care P.O. Box 951 Horsham, PA 19044

Contact method

Details⁴

Call

1-877-247-2559

+1-757-247-2559 (outside the US)

Mail

General Bank Correspondence

Ally Bank Customer Care

P.O. Box 951

Horsham, PA 19044

Sources used:

All sources checked on 06-Jul-2022

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.