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

Reply to comment by DeluxeXL in Ally bank account fears by vredditor

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.