Ally vs. Wise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ally
Score 8.6 out of 10
N/A
Ally Financial headquartered in Detroit offers online banking, via full service auto finance operations, and boasts a complementary auto-focused insurance business, a growing wealth management and brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.N/A
Wise
Score 9.3 out of 10
N/A
Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.
$0.41
one-time fee
Pricing
AllyWise
Editions & Modules
No answers on this topic
ATM Fees over 100 USD per month
2%
One time/%
Accounting Funding transactions
2%
One time/%
Receiving USD wire payments
4.14 USD
One time/%
Getting the Wise Debit card
5 USD
One time/%
Getting account details in 10 currencies
31 USD
One time/%
Sending money
From 0.41%
One time/%
Converting money
From 0.41%
One time/%
Offerings
Pricing Offerings
AllyWise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
AllyWise
Small Businesses

No answers on this topic

Square Invoices
Square Invoices
Score 9.2 out of 10
Medium-sized Companies

No answers on this topic

Apple Pay
Apple Pay
Score 9.2 out of 10
Enterprises

No answers on this topic

Adyen
Adyen
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AllyWise
Likelihood to Recommend
8.0
(1 ratings)
9.2
(23 ratings)
Support Rating
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
AllyWise
Likelihood to Recommend
Ally Financial, Inc
Ally perfectly meets our needs for OKR management. My team uses it to ensure that we are making progress on our quarterly objectives and regularly check in—at minimum, once a week but often more frequently. The only misuses at my company are due to user error, notably when people incorrectly use it for task management rather than measurable goals.
Read full review
TransferWise
For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient
Read full review
Pros
Ally Financial, Inc
  • Visualizing the hierarchy and relationship between objectives and key results. The nesting and double alignment functionality are especially helpful, as they can't easily be expressed on, say, a simple worksheet or Confluence page.
  • Reminding the team to make regular check-ins. What gets measured gets done. This prevents the common pitfall of setting goals and not revisiting them until the end of a project (when it is too late).
  • Integration with external sources for automated check-ins. Why do this manually when it can happen behind the scenes?
Read full review
TransferWise
  • Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
  • Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
  • Affordable - the fees on both ends were minimal.
Read full review
Cons
Ally Financial, Inc
  • It would be great to have a direct integration to Sigma.
  • Sometimes the UI is a little buggy/weird (e.g. re-ordering and adding objectives is not the easiest).
Read full review
TransferWise
  • For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale.
  • Ability to schedule recurring transfers could be useful.
  • Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries.
Read full review
Support Rating
Ally Financial, Inc
No answers on this topic
TransferWise
We haven't really had to engage with TransferWise support. The platform is simple and easy to use.
Read full review
Alternatives Considered
Ally Financial, Inc
Ally and Sigma are very different tools. However, they are both integral to my team's daily work and success. One of their common strengths is the responsiveness of their support team. I always feel that my questions are being answered in a clear and informed way. Another shared strength is the knowledge bases that these tools have built out, which is very helpful for onboarding and answering questions self-serve.
Read full review
TransferWise
We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee).
Read full review
Return on Investment
Ally Financial, Inc
  • It definitely helps the product team stay focused on the quarterly objective and not get distracted by other "noise."
Read full review
TransferWise
  • We can save around 5% on our transfer fees
  • The online account management is easier than going into banks personally
  • There's no negative impact...
Read full review
ScreenShots