DeluxeXL t1_j6g3mxc wrote on January 30, 2023 at 2:07 AM

The problem of people getting flagged by banks' risk management system is almost always with the person, either with their personal information, behaviors, or both.

Ally Bank has been around for 100+ years. They are as normal as banks get.

bombers223 t1_j6hh7jw wrote on January 30, 2023 at 10:33 AM

Ally has really been around that long? Were they brick and mortar before moving to all digital?

baker_miller t1_j6hz81b wrote on January 30, 2023 at 1:49 PM

They used to be GMAC before they rebranded in ~2009

nomindbody t1_j6hz1ih wrote on January 30, 2023 at 1:47 PM

No they haven't been around that long. They were GE financial before (GEs auto loans I believe) then more recently started to become Ally and even .ore recently started to issue more products beyond auto loans and HYSA.

They're a no physical presence bank but as far as digital goes, they're so far behind being a competitive digital bank. CapitalOne is the leadering in digital services.

Ok-Salamander-7040 t1_j6jeqw9 wrote on January 30, 2023 at 7:28 PM

Ally was not GE Financial, Marcus by Goldman Sachs was. Ally was GMAC, GM's auto loan business.