Ally Bank Routing Number

124002971
Wire

Routing Number 124002971 Details

Routing Number 124002971
Bank Ally Bank
State / Region National
Type Wire

Is 124002971 Valid?

Yes — 124002971 is a valid ABA routing number assigned to Ally Bank for National. It is used for domestic wire transfers.

What Does 124002971 Mean?

Every ABA routing number is a 9-digit code that identifies both the Federal Reserve district and the specific financial institution. Here's how 124002971 breaks down:

DigitsValueMeaning
1–41240Federal Reserve routing symbol (San Francisco district)
5–80297Ally Bank institution identifier
91Check digit (validates the number)

The first two digits (12) indicate the Federal Reserve Bank that serves this institution — in this case, the Federal Reserve Bank of San Francisco. The check digit is calculated using a weighted algorithm to prevent transcription errors.

ACH vs. Wire Transfers: When to Use 124002971

This is a wire transfer routing number. Ally Bank uses different routing numbers for ACH transactions.

ACH Transfers

  • Direct deposit (payroll)
  • Bill payments
  • Tax refunds
  • Recurring transfers

Typically 1–3 business days. Free or low-cost.

Wire Transfers

  • Large one-time payments
  • Real estate closings
  • International transfers
  • Time-sensitive payments

Same-day settlement. Usually $15–$30 fee.

How to Find Your Ally Bank Routing Number

If you need to verify that 124002971 is the correct routing number for your account, you can check in several places:

  1. Your checkbook — The routing number is the first 9 digits at the bottom-left of any personal check, before your account number.
  2. Online banking — Log in to Ally Bank and look under account details or settings.
  3. Mobile app — Most banking apps show the routing number on the account summary screen.
  4. Customer service — Call Ally Bank to confirm over the phone.

Your routing number is based on the state where you opened your account, not your current address. If you opened your Ally Bank account in National, 124002971 is likely the correct number.

Other Ally Bank Routing Numbers

Routing Number State / Region Type
124003116 National ACH

Frequently Asked Questions

Yes, 124002971 is the Wire routing number for Ally Bank in National.

Routing number 124002971 belongs to Ally Bank. It is used for National.

This routing number is used specifically for domestic wire transfers. For ACH transactions like direct deposit, Ally Bank uses a different routing number.

No, 124002971 is a wire transfer routing number. For direct deposit, you need Ally Bank's ACH routing number. Check the other Ally Bank routing numbers listed above for the correct ACH number.

A routing number like 124002971 identifies the bank and branch (Ally Bank, National), while your account number identifies your specific account at that bank. Both are needed for transfers. On a check, the routing number is the first 9 digits at the bottom left, followed by your account number.

More Ally Bank Resources

All Ally Bank Routing Numbers → Convert Ally Bank Statement to CSV →

Convert your Ally Bank statement to CSV

Extract transactions from your Ally Bank PDF bank statement into Excel or CSV — free and instant.

Convert Ally Bank Statement →