# Ally

> Ally Financial is a Detroit-based public financial-services company built around two unusually complementary engines: a nationwide auto-finance and dealer-services franchise, and Ally Bank, a branchless consumer bank. It serves 9.6 million customers across deposits, auto financing, insurance, investing and middle-market corporate lending, using low-overhead digital distribution and long-standing dealer relationships to compete with both traditional banks and newer fintechs.

- **Founded:** 1919
- **Headquarters:** Detroit, United States
- **Founders:** General Motors (Founder of predecessor GMAC)
- **Team size:** Approximately 10,400 employees as of July 2026
- **Products:** Ally Bank, Ally Auto, SmartAuction, Ally Invest, Ally Insurance
- **Notable:** Built the nation’s largest all-digital bank by customer deposits, according to Ally’s 2026 company disclosures., Became the first major U.S. bank to eliminate overdraft fees in 2021., Completed its public listing on the New York Stock Exchange in 2014 after the U.S. Treasury sold down its crisis-era ownership.

## Products & services

- **Ally Bank** — All-digital Spending, Savings, Money Market, CD and IRA deposit accounts, with no monthly maintenance fees on core accounts and tools such as Buckets and Boosters.
- **Ally Auto** — Consumer vehicle financing and leasing, dealer inventory finance, servicing, vehicle protection products and remarketing through SmartAuction.
- **SmartAuction** — An online wholesale vehicle auction and remarketing platform for dealers.
- **Ally Invest** — Self-directed brokerage, automated portfolios, IRAs and access to personal financial advice.
- **Ally Insurance** — Dealer-focused vehicle service contracts, protection products and commercial insurance that complement the auto-finance franchise.
- **Ally Corporate Finance** — Flexible senior-secured financing for private-equity and venture-backed middle-market companies, including healthcare, technology and infrastructure borrowers.
- **Money Roots** — A free financial-wellness program that connects money behavior with psychology and personal values.

## Achievements

- Built the nation’s largest all-digital bank by customer deposits, according to Ally’s 2026 company disclosures.
- Became the first major U.S. bank to eliminate overdraft fees in 2021.
- Completed its public listing on the New York Stock Exchange in 2014 after the U.S. Treasury sold down its crisis-era ownership.
- Named to Fortune’s 100 Best Companies to Work For list for a fourth consecutive year in 2026, ranking No. 51.
- Reached its pledge to split paid sports media spending equally between women’s and men’s sports in 2026, one year ahead of schedule.
- Received a fourth consecutive Outstanding Community Reinvestment Act rating in 2025.

## Latest updates

- **2026-07** — Reported second-quarter results and disclosed $200 billion in assets and 9.6 million customers as of June 30.
- **2026-07** — Named Mark Mathewson chief information and data officer.
- **2026-05** — Launched the 'Life Today' brand platform, aimed at younger digital consumers and the intersection of money with everyday life.
- **2026-04** — Announced it had achieved a 50/50 split in paid sports media spending between women’s and men’s sports one year early.
- **2026-03** — Partnered with Scripps Sports and the PWHL on the first nationally televised PWHL game in the United States.
- **2025-07** — Rolled out a proprietary generative-AI platform to employees across the enterprise.
- **2025-04** — Completed the sale of its credit-card business to CardWorks as it refocused on core franchises.

## Links

- Website: https://www.ally.com
- LinkedIn: https://www.linkedin.com/company/ally
- Twitter/X: https://twitter.com/ally
- YouTube: https://www.youtube.com/ally
- Instagram: https://www.instagram.com/ally
- Facebook: https://www.facebook.com/ally
- TikTok: https://www.tiktok.com/@ally

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Profile page: https://yespress.io/ally
Published by YesPress — https://yespress.io
Last updated: 2026-08-11