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Ally Bank: A review

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They are different

Ally Bank is making banking smarter and easier while serving its communities. The motto of working better together is something they cherish and support. For the last 100 years, their dedication to their customers has been at the heart of who they are, and that includes engaging with their communities. As corporate citizens, they feel one must have a good social influence on the world around us. This conviction is ingrained in their company’s and culture’s DNA. They’re focused on environmental, social, and governance (ESG) problems that set them apart from the competition, have a good social effect, and assist their stakeholders to understand their priorities.

Their support

Economic Mobility

They believe that everyone should be able to move around freely. It’s all about forming bonds, collaborating, and cooperating with others in the community. Increasing people’s access to financial knowledge and resources not only enhances their lives but also empowers them to better their financial situation.

Employee Giving

Ally Bank’s workers believe in the importance of engaging with the communities where they live and work. They pull up their sleeves and put in the effort to make a difference. By matching their donations and encouraging them to volunteer, they share our workers’ enthusiasm for giving back.

Diversity and Inclusion

The finest ideas come from a group of people with a variety of viewpoints and opinions. Ally Bank opens the door to fresh ideas when they accept and encourage one another, which helps them develop better connections and experiences for their customers, workers, and the communities they serve.

Their business

A pioneer in the field of digital financial services, Ally bank works in the following dimensions :

Banking

With fantastic rates and a simpler and smarter experience, their award-winning online bank is making banking easier. They have approximately 2.39 million deposit clients with a total deposit of $139 billion.

Dealer in Financial Services

Ally Bank is an independent provider of dealer and customer finance, leasing, business insurance, and vehicle protection products. In the United States, they now serve over 19,700 dealers and over 4.1 million consumers, as well as 2.5 million insurance clients.

Home loans

Ally Bank provides fixed and adjustable-rate home loans, as well as continuously competitive rates, which are available to assist clients in achieving their home finance goals. Their direct-to-consumer home lending platform provides options for new house purchases as well as refinancing.

Investments

Ally Bank provides a wide selection of self-directed and managed portfolio options, as well as minimal costs to assist with investment management. They now serve 429,000 Invest brokerage accounts with a combined value of $15.6 billion.

Corporate finance

Their corporate finance services are a source of funding for middle-market firms and equity sponsors. Their diverse portfolio comprises cash flow and asset-based loans ranging from $15 million to $250 million and encompasses over 100 partnerships.

Ally lending

Ally Financing’s lending solutions allow customers to pay for healthcare, home renovation, auto maintenance, and auto modification services over time. Their business-to-business-to-consumer finance program includes a variety of loan options.

Sources and references : https://www.ally.com

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