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Ally Account Update

January 21st, 2016 at 10:25 am

Ok, so far switching to Ally is going smoothly. Their online chat is very convenient for any questions I have as I'm going through the process as well. I rarely ever have to wait longer than a minute for someone to be available live online.

It does take awhile for funds to become available in my Ally accounts if I am transferring from an outside bank. That's not that big of a deal to me since I usually pay everything with my credit card anyway, but it's good to share. I'd say it takes about 4 business days for my Wells Fargo funds to be made available in my Ally account.

One hiccup I want to mention is the fact that apparently PayPal does not let you link online bank accounts. I had been trying to swap out my Wells Fargo checking account for my Ally account and it kept telling me "We cannot process your change at this time." I finally called PayPal and they mentioned they only allow brick-and-mortar accounts to be linked to your PayPal account. I opted to still remove my Wells Fargo account, but will keep my CitiBank Credit Card linked since I don't plan on getting rid of that anyway.

3 Responses to “Ally Account Update”

  1. FrugalTexan75 Says:

    What? I have my Cap One account linked to Paypal?? No brick or mortar bank.

  2. natasha.cornelius Says:

    Really? They told me on the phone they no longer allow online banks. Unfortunately, I don't remember why. I had already been back and forth for days with them trying to figure it out and just wanted to get off the phone :P

  3. natasha.cornelius Says:

    **UPDATE** PayPal now allows me to link my Ally checking account.

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