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What are trial deposits, and why do I need to verify them?

April 26, 2017deposits trial verify

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What are trial deposits, and why do I need to verify them?

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Posted

We use trial deposits to protect the money and account information of our customers. When you designate a non-Ally account for online funds transfers, we make small deposits into the account and ask you to verify the amount of each deposit. This lets us know you own the account and that we have the correct routing and account numbers. It’s a standard practice in banking.