Most banks and brokerage firms can provide one. These guarantees help protect against fraud. If the funds are received after 30 days, the rate assigned will be the current rate at that time for the product.įor Bank Use: Medallion Signature Guarantee stamp (Only applicable for securities such as stocks, bonds or mutual funds or brokerage account)īROKERAGE: In the case of a transfer from a brokerage account, the transferring firm may require signature authorization including but not limited to, signature guarantee, medallion guarantee or some other form of necessary stamp. The interest rate and annual percentage yield quoted are valid for 30 days from the date signed below. I also understand that if I’m 70½ or older, I am required to take my required minimum distribution, however, I do not have to take this year’s required minimum distribution before the existing custodian/trustee can transfer the remaining funds to Bank of America.Į. I understand this transaction is a transfer to a new custodian and not a taxable distribution to me. If this is a custodian/trustee transfer, I authorize the existing custodian/trustee to handle it according to the instructions on this form. Bank of America may cancel my IRA if the direct rollover isn’t received within 90 days and there are no funds in the account.ĭ. I understand I am responsible for ensuring that Bank of America has received the forms needed to complete a direct rollover to open my Bank of America IRA. If this is a direct rollover from a Qualified Plan directly to Bank of America, I authorize the employer to handle it according to the instructions on this form. Due to the important tax consequences of rolling over funds to an IRA or other qualified plan, I have been advised to seek the advice of a tax professional.Ĭ. I understand if I transfer / rollover funds from a Qualified Plan and commingle them with other IRA funds, I might not be able to roll the funds over to another Qualified Plan later. I am solely responsible for making sure that any contributions, transfers, conversions or rollovers to this IRA plan are permitted under the rules of the plan and the applicable tax laws, and take full responsibility for any resulting effects, taxes or damages.ī. I have read the instructions on this form and authorize the transaction described above. I have received, read and agree to the terms and conditions of the disclosure contained in the deposit agreement, fee schedule and plan document. Customer's Acceptance (read and complete) Month-Variable Rate Account (18-23 months)Ħ. ) I hereby direct Bank of America, N.A., as Successor Custodian, to deposit the funds referenced on this form to myĭeposit in a New Account under the following product type: Bank of America Plan/Account (If you do not make a selection, funds received will be credited to the Money Market IRA/CESA. Please follow these special instructions, if any:įor questions on processing direct rollovers contact the Retirement Help Desk at 1.888.827.1812.ĥ. I request you to liquidate all assets in my above referenced Qualified Retirement Plan, and process a direct rollover. You will be responsible for any early withdrawal fees or transfer fees charged by your current Plan. Direct Rollover Instructions to Bank of America, as Successor CustodianĪsk your current Plan Administrator whether any additional documentation will be required to complete the transfer. Medallion Signature Guarante e stamp is also required for transfer under section 6.įor a transfer from a Brokerage IRA, I request you to transfer the following:Ĥ. Assets must be liquidated at c urrent firm prior to submitting this form. Transfer Instructions to Bank of America, as Successor Custodian ( Check all that apply)įor a transfer from a Bank IRA or CESA, I request you to liquidate the above referenced IRA or CESA and transfer the cash as follows:īrokerage IRA: Brokerage account assets cannot be transferred in kind. pension, profit sharing, 401k, Roth 401k)ģ. Qualified Retirement Plan - &RPSOHWHVHFWLRQVDQG IRA Plan (check one) - &RPSOHWHVHFWLRQVDQGįor Beneficiary IRAs, complete the following required informationĬoverdell Education Savings Account - &RPSOHWHVHFWLRQVDQG Existing Institution Information (Use a separate Form for each request.) Name of Institution/Employer Have you or any of your immediate family ever been elected, appointed or assumed any political position in a National, State or Provincial government? (Y/N) If yes, describe the position:Ģ. For a Coverdell Education Savings Account (CESA) use the Contributor’s information.)ĭate of Birth _ Customer Information (Required: Complete all sections in blue or black ink. Landlord (Tenant) Recommendation Letterġ.
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