Table of Content
What’s The Ally Bank Routing Number?
Each customer of Ally Bank needs an Ally Bank Routing Number to make a transaction. Banks use routing numbers to recognize the financial institution behind a transaction. The routing number system’s main purpose was to help in sorting, bundling and shipping paper checks. But its application areas are wider now to incorporate new transaction methods. Here, in this article, we will also discuss how to find the Ally Bank Routing Number or what is the routing number for Ally Bank?
The table given below shows all the Ally Bank Routing Numbers.
Ally Bank ABA Routing Transit Numbers (RTN)
Here is the state wise list of Ally Bank Routing Number for Checking Account and Savings Account.
S No. Region/State Postal Abbreviation Routing Number
1 Pennsylvania PA 124003116
What is an ABA Routing Number?
An ABA Routing Number (ABA RTN) or Transit Number is a nine-digit code used in the US. It helps to identify the financial institution in a transaction. As mentioned earlier, the financial institutions uses routing numbers to help in sorting, bundling and shipping paper checks. But now, the ABA routing number incorporates new payment methods like ACH and wire.
The Federal Reserve Bank uses ABA RTN to process Fedwire fund transfers. Automated Clearing House uses it to process direct deposits, bill payments and other transfers. The American Bankers Association originally developed the ABA RTN system in 1910. The Association, since 1911, has partnered with several registrars (currently Accuity) to manage the RTN system.
At the moment, there are approximately 26,895 active ABA RTNs in use. Each financial institution in the US has at least one of these. The Routing Number Policy allows a financial institution to have up to 5 routing numbers. However, due to many mergers between institutions, a bank may have more than 5 routing numbers.
What’s the Ally Bank SWIFT Code?
Ally Bank relies on Chase Bank SWIFT Code for their international transactions.
The SWIFT Code for Ally Bank is- CHASUS33
You also need the JPMorgan Chase Routing Number to make various domestic monetary transactions if you have an account in the bank.
What is a SWIFT Code?
SWIFT Codes function the same way as Routing Numbers. They are used to identify the financial institution behind a transaction. The basic difference between the two is that SWIFT Codes are for international transfers while routing numbers are for domestic transactions. Unlike routing numbers, SWIFT codes are made up of 8 to 11 characters.
Currently, there are 40,000 “live” SWIFT Codes. Only the active partners connected to the network get the “live” SWIFT Codes. If a SWIFT Code has 8 characters, it is referring to the primary office. The code format is as below:
AAAA BB CC DDD
- First 4 characters- Bank Code (letter only)
- Next 2 characters- Country code (letters only)
- Next 2 characters- Location code (letters or numbers or both)
- Last 3 characters- Branch code (letters or numbers or both)
Things To Know About Ally Bank
General Motors Corporation founded Ally Bank’s parent company, Ally Financial Inc in 1919. Initially, it was established as the General Motors Acceptance Corporation (GMAC) so that it can provide finance to automotive customers. With passing years, the business expanded to include insurance, online banking, mortgage operations, and commercial finance.
Ally is the top bank auto lender in the US along with other banks like Bank of America and Capital One. You also need Bank of America Routing Number and Capital One Bank Routing Number if you have accounts in these respective banks. Ally Bank is a direct bank having $66.6 billion in retail customer deposits. The bank offers savings products which include online savings accounts, money market accounts, mortgages, credit cards, interest checking accounts and certificates of deposit (CDs). Ally Bank is located in Sandy in the Salt Lake County, Utah. Its address is:
Ally Bank, 200 West Civic Center Dr, Sandy, UT 84070