Comments on: GMAC Bank Is Now Ally Bank at Ally.com

By: Best Bank Rates

Best Bank Rates — Sat, 19 Dec 2009 23:16:27 +0000

i have never had any problems with ally bank whatsoever. their customer response has always been top notch and easy to work with. just my 2c

By: reb

reb — Tue, 03 Nov 2009 14:45:17 +0000

As much as I respect your opinion about thinking there is nothing going on, something about being out right sneaky with the name change, and the distancing themselves from another names buts a BIG ol’ pit in my stomach. I bet they are hiding something!!! And I would but bets on the fact that these rates change in the very new future. I wouldn’t be investing anything with a company who is putting sneaky things. Anyways, Thank you so much for this article. I will keep it in the back of my head.

By: Teresa

Teresa — Tue, 07 Jul 2009 06:18:25 +0000

I’ve opened an ally account over about a week ago and there was a small problem with verifying my identity. Apparently the automatic verification did not go through so I had to fax in several pieces of information. This was an inconvenicne but one that I am willing to pay to have secure banking.

Customer support was very helpful and responsive. Their online interface is very streamlined and straightforward. I would recommend Ally.

By: Jane

Jane — Tue, 07 Jul 2009 06:16:26 +0000

I heard GMAC was dropping their bank rates because of pressure from the government and other banks?

By: Best Bank Rates

Best Bank Rates — Thu, 04 Jun 2009 16:33:54 +0000

I just opened an account with GMAC, it was fast simple and straightforward.

By: kevin s

kevin s — Wed, 27 May 2009 00:03:00 +0000

I wish everyone would stop complaining about the bank bailout. You think any of us WANT to do this? Of course not. It has to be done because of what we learned from Lehman Brothers’ bankruptcy. Remember that? The Bushies decided to let Lehman fail and see what would happen. We found out. The entire banking system seized up because there were trillions of dollars worth of credit default swaps – those unbelievable unregulated insurance policies – on Lehman’s debt. No one knew which banks, hedge funds and insurane companies held them, or whether they had the money to make good on them. No one would lend to anyone or invest in anything. We were truly on the brink of a depression, not just a serious recession. Well same goes for GMAC or any of the other stress-tested banks. If we let another of them fail, it will trigger all of the credit default swaps on their debt. Private lending and investment would fall off the cliff, again, taking the economy with it, again.

By: rita

rita — Fri, 22 May 2009 20:43:53 +0000

With the government ready to pump another $7 – $14 billion into GMAC/Ally to support Fiat’s takeover of Chrysler and the New Less Improved Post Bankruptcy GM Disaster, it seems Ally is a pretty safe bet even beyond FDIC. In fact everything about them, at least in my experience is as good as ING or HSBC Direct.

By: ando

ando — Fri, 22 May 2009 20:43:25 +0000

I have had a GMAC account for a while and think they are great. good customer service and good rates. only problem was with ordering checkbooks once but that was something that can happen anywhere. i’ve been quite happy with them

By: ace

ace — Fri, 22 May 2009 20:43:04 +0000

GMAC never quailied as a TARP bank, but still got 5 bil, Now still a failure, but are gonna get 7 bil. They are a private company, let them rasie money, but they couldn;t, still can not raise money. please stop this bailout mess, it is making me sick. Changing the name sounds like a shell game. Still same piece of crap company, not worth nothng. Please do not give them nothng but a kick in the butt. Please quit this waste of our money. Fold this worthless firm, NOW. They are not even a bank.

By: raderator

raderator — Thu, 21 May 2009 15:39:22 +0000

More likely you haven’t lived at your current address or had your drivers license long enough. Happened to me when I moved. Call them.

Love the new look and features. I opened the no-penalty CD right away and funded it from my current account…2.5%. I also went paperless (new). CS has been expanded too.

All the other features have been retained. I really like the Visa Checkcard and ATM rebates. Everyone will be getting new free checks (always get both accounts).

They are going to get another $7.5 billion from the Feds. The Dems can’t let the UAW down.