When the auto industry started having troubles and impending bankruptcy seemed likely, GMAC Bank–a child company of General Motors–decided to change its name to distance its reputation from the auto maker.  Thus Ally Bank was born.  We here at Peak Personal Finance have followed this and, as we continue to look at online banking offers, we thought we’d show you waht Ally Bank online banking has for you.

GMAC Bank was actually created in 1919 as a lending institution for GM car dealers to use to sell cars through.  Eventually, it grew into a full-fledged bank (based in Utah) and has now changed its name to Ally Bank.  Like most banks, Ally banking online offers the usual services like account balances, cancelled check viewing, transfers, and bank statements.

Two things that have always set Ally Bank online banking apart, however, are high certificate of deposit rates and easy access to online services.  Both of these are definitely the strongest points of Ally online banking.  Another new addition that sets Ally Bank online banking apart is the top right corner of your online account page.

In that corner is a customer service number you can call anytime, 24/7 and next to it is the expected wait time to reach a real, live customer service person.  Better than that, these customer service reps are in the U.S., so you’re not talking to someone who speaks English as a third language.

For anyone who’s looking for an online bank or is already a customer of GMAC / Ally Bank online banking, this is a great service that is well worth taking advantage of.  Find out if it’s right for you and sign up today!