United States · Financial institution
Ally Bank
Ally Bank is a Utah state-chartered commercial bank based in Sandy, Utah. It is a member of the Federal Reserve System. It is wholly owned by Ally Financial Inc. through the intermediate bank holding company IB Finance Holding Company, LLC. The bank has no branch network: it takes deposits online and provides auto and commercial lending within the Ally group. It was established in August 2004 as GMAC Automotive Bank and took the name Ally Bank in May 2009.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- ALLYUS31XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of ALLYUS31 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2010-05-01
- Last updated
- 2010-05-01
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% IB Finance Holding Company, LLC
Institution type
Digital bank
- Ownership
- Ally Financial Inc., a company listed on the NYSE, owns 100% of the bank through IB Finance Holding Company, LLC.
- Direct parent
- IB Finance Holding Company, LLC, United States 100%
- Ultimate owner
- Ally Financial Inc., United States
- Head office
- 200 West Civic Center Drive, 84070 Sandy, United States
- Company register
- FDIC cert 57803; Federal Reserve RSSD ID 3284070
- Former names
- GMAC Bank · GMAC Automotive Bank
Business lines
The bank takes deposits nationally through digital channels only and funds the group's auto lending. It stopped taking consumer mortgage applications on 31 January 2025.
Online
- Websites & references
- ally.com ↗
media.ally.com ↗ Ally Financial media centre (leadership, press releases)
Wikidata Q4733393 ↗ - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 14 pages consulted
- ally.com/
- ally.com/help/bank/transfers/
- media.ally.com/leadership
- media.ally.com/board-of-directors-hobbs
- ally.com/about/company-structure/
- ally.com/about/investor/subsidiary-financials/
- ally.com/content/dam/pdf/corporate/ally-2025-q1-basel-III.pdf.coredownload.inline.pdf
- federalreserve.gov/consumerscommunities/files/ally-strategic-plan.pdf
- federalreserve.gov/newsevents/pressreleases/enforcement20260320a.htm
- prnewswire.com/news-releases/ally-financial-banking-subsidiary-to-become-state-member-bank-300233540.htm
- prnewswire.com/news-releases/cardworks-closes-acquisition-of-allys-credit-card-portfolio-and-platform-30
- media.ally.com/2026-07-21-Ally-Financial-reports-second-quarter-2026-financial-results
- bankregreports.com/banks/compare/american-express-national-bank-1394676-vs-ally-bank-3284070/
- bnewhard.com/Ally_Bank_Call_Report.PDF
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Michael G. Rhodes
Chief Executive Officer, Ally Financial Inc. (group level)
- Chair
-
Franklin W. Hobbs
Chairman of the Board, Ally Financial Inc. (group level)
- Chief financial officer
-
Russell (Russ) Hutchinson
Chief Financial Officer, Ally Financial Inc. (group level)
- Executive
-
Lindsay Sacknoff
President, Consumer Banking (group level)
- Executive
-
Dan Soto
Chief Compliance Officer (group level)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United States
- Board of Governors of the Federal Reserve System Prudential supervisorCentral bankAML supervisor
- United States
- Utah Department of Financial Institutions Prudential supervisorOther
- United States
- Federal Deposit Insurance Corporation Resolution
- United States
- Consumer Financial Protection Bureau Conduct
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Leadership
Ally Financial appointed Mark Mathewson as Chief Information and Data Officer, effective 20 July 2026.
media.ally.com ↗ -
Enforcement
The Federal Reserve Board issued a consent prohibition order against a former Ally Bank employee for falsifying documents in a compensation request.
federalreserve.gov ↗ -
Merger / acquisition
CardWorks and Merrick Bank completed the acquisition of Ally's credit card business, which had about USD 2.2 billion in receivables.
prnewswire.com ↗ -
Other
Ally Bank announced its exit from consumer mortgage origination and stopped taking mortgage applications on 31 January 2025.
federalreserve.gov ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- ALLYUS31XXX
- How the BIC breaks down
- ALLYBank
- USCountry · United States
- 31Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300C04BJ0G297NC13
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United States · North America
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2001
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- Ally Financial Inc. · United States549300JBN1OSM8YNAI90 ↗
The Ally Financial Inc. group has 2 institutions in the directory, in 1 country: all hold a BIC.
Including Ally Financial Inc.
See the Ally Financial Inc. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 1100 VIRGINIA AVE. FORT WASHINGTON 19034 UNITED STATES OF AMERICA
- Operational address
- 1100 VIRGINIA AVE FORT WASHINGTON,PA FORT WASHINGTON,PA 19034 UNITED STATES OF AMERICA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>ALLYUS31XXX</BICFI>
<LEI>549300C04BJ0G297NC13</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>ALLYUS31XXX</BICFI>
<LEI>549300C04BJ0G297NC13</LEI>
<Nm>ALLY BANK</Nm>
<PstlAdr>
<TwnNm>FORT WASHINGTON</TwnNm>
<Ctry>US</Ctry>
<AdrLine>1100 VIRGINIA AVE. FORT WASHINGTON 19034</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 1 account at other banks.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
1 account at other banks, in 1 currency, for incoming international wires (receiving bank for payments from non-US banks), as the bank publishes them: ally.com ↗
| Currency | Correspondent | BIC | Account | Directory check |
|---|---|---|---|---|
| USD | JP Morgan Chase Bank, N.A. United States | CHASUS33 | 802904391 | Matches the Swift directory |
The bank's customer help page gives instructions for incoming international wires. They name JP Morgan Chase Bank, N.A. as the bank's designated receiving bank, with Ally Bank as beneficiary and the customer's account given as further credit. This is the only account published, and it has been extracted. The page is undated. Domestic wires are received directly at Ally Bank under ABA 124003116. The bank does not send outgoing international wires. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Claim this profile
Work at Ally Bank?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Toomuchcash at en.wikipedia · Public domain · Wikimedia Commons · original; Michael G. Rhodes: media.ally.com (official website) · original; Franklin W. Hobbs: media.ally.com (official website) · original; Russell (Russ) Hutchinson: media.ally.com (official website) · original; Lindsay Sacknoff: media.ally.com (official website) · original; Dan Soto: media.ally.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo