Bank Of America Transfer Form PDF Details

The Bank of America Transfer Form covers several transfer scenarios. It supports trustee-to-trustee IRA transfers, direct rollovers from employer-sponsored retirement plans, and transfers into new or existing Bank of America accounts. Accepted account types include Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Beneficiary IRA, and CESA (Coverdell Education Savings Account).

Required Information

Gather the following details before you begin:

Trustee Transfers and Direct Rollovers

A trustee-to-trustee transfer moves funds directly between two financial institutions without tax withholding. This method is the most common way to move an IRA from another bank into a Bank of America account. A direct rollover from a 401(k) or qualified employer plan works the same way. Bank of America receives the funds directly from the plan and deposits them into your IRA without triggering a taxable distribution.

For brokerage IRA accounts, you must also indicate whether to liquidate all available cash or transfer specific securities. Partial transfers require you to specify the exact dollar amount or number of shares to move.

Tax and Compliance

A Medallion Signature Guarantee is required when transferring certain securities, including brokerage IRA assets. Standard IRA transfers do not always require this endorsement. Check with your current custodian before submitting the form.

The customer acceptance section outlines your tax responsibilities under IRS rules. Review it carefully before signing. Bank of America typically processes incoming transfers within 3 to 5 business days after receiving the completed form.

For related documents, see the Bank of America beneficiary form and our account transfer form.

QuestionAnswer
Form NameBank Of America Transfer Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameswire transfer form bank of america, bank of america domestic wire transfer form, bank of america wire transfer form, transfer form bank

How to Fill Out Trustee Transfer/Direct Rollover Request

Trustee Transfer/Direct Rollover Request at a glance

What it is: Trustee Transfer/Direct Rollover Request, with Transfer Instructions to Bank of America, as Successor Custodian.

Who signs: Depositor's Signature (Required) Date. BROKERAGE: 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. Please contact the transferring firm for clarification.

A filled-in Trustee Transfer/Direct Rollover Request example: a Traditional IRA moved from a bank

Trustee Transfer/Direct Rollover Request example filled out, example: a Traditional IRA moved from a bank
Jane Ann Sample fills out the Trustee Transfer/Direct Rollover Request. Her Traditional IRA is at a bank, so she transfers all assets immediately. The picture shows the filled form, and all its values are invented. She checks U.S. under Citizenship Status and Employment under Source of Income. Her mailing address and physical address are the same, and each has a second line. She answers N, so describe the position stays empty. She checks IRA Plan and Traditional in section 2, and Traditional again in section 5. Her IRA Plan is Traditional and not a Beneficiary IRA, so Decedent Name and the other Beneficiary IRA lines stay empty. The Coverdell Education Savings Account and Qualified Retirement Plan lines stay empty because the IRA is neither. Brokerage IRA stays empty because the IRA is at a bank, and nothing goes in Direct Rollover Instructions because she moves no Qualified Plan. Partial assets stays empty because she transfers all assets. She checks Deposit in a New Account with Money Market IRA/CESA, so Deposit in Existing Account Number stays empty. Month-Variable Rate Account, Month-Fixed Term Account and Featured/Promotional are left blank because she picked Money Market IRA/CESA. She signs and dates on November 2, 2026, and makes checks payable to Bank of America, N.A. for the benefit of herself. Bank Information and For Bank Use only are left blank because the bank completes them.

How to fill out Trustee Transfer/Direct Rollover Request, box by box

Customer Information

Trustee Transfer/Direct Rollover Request example filled out, customer Information

Complete all sections in blue or black ink. For a Coverdell Education Savings Account (CESA) use the Contributor's information.

Enter Name, Social Security Number, Mailing Address, Country, City, State and Zip Code.

Enter Physical Address, Country, City, State and Zip Code.

Enter Country of Residency, Country of Citizenship and Date of Birth. Check Citizenship Status: U.S. Resident Alien, Non-Resident Alien or Dual Citizenship.

Enter Employer and Occupation. Check the Source of Income: Employment, Unemployment, Investment, Inheritance, Household/Family, Retirement or Social Security. Enter Daytime Telephone Number and Evening Telephone Number.

Enter (Y/N): Have you or any of your immediate family ever been elected, appointed or assumed any political position in a National, State or Provincial government? If yes, describe the position.

Existing Institution Information

Trustee Transfer/Direct Rollover Request example filled out, existing Institution Information

Use a separate Form for each request.

Enter the Name of Institution/Employer, Mailing Address, City, State and Zip Code.

IRA Plan (check one) - Complete sections 3, 5 and 6: Traditional, Rollover, Roth or SEP. For Beneficiary IRAs, complete the following required information.

Enter Account Number for the IRA you check. For Beneficiary IRAs, check Traditional Beneficiary or Roth Beneficiary, and enter Decedent Name, Decedent Date of Birth, Year of Death and Beneficiary Relationship.

Coverdell Education Savings Account - Complete sections 3, 5 and 6: enter Account Number, Student's Name, Student's SSN and Student's Date of Birth. Qualified Retirement Plan - Complete sections 4, 5 and 6: enter Account Number and Indicate Plan Type (e.g. pension, profit sharing, 401k, Roth 401k).

Transfer Instructions to Bank of America, as Successor Custodian

Trustee Transfer/Direct Rollover Request example filled out, transfer Instructions to Bank of America, as Successor Custodian

For a transfer from a Bank IRA or CESA, I request you to liquidate the referenced IRA or CESA and transfer the cash as follows. Check one: immediately or upon maturity. Check one: all assets or partial assets in the amount.

Brokerage IRA: Brokerage account assets cannot be transferred in kind. Assets must be liquidated at current firm prior to submitting this form. Medallion Signature Guarantee stamp is also required for transfer under section 6.

For a transfer from a Brokerage IRA, check one: all available cash or partial cash amount.

Direct Rollover Instructions to Bank of America, as Successor Custodian

Trustee Transfer/Direct Rollover Request example filled out, direct Rollover Instructions to Bank of America, as Successor Custodian

Ask your current Plan Administrator whether any additional documentation will be required to complete the transfer. You will be responsible for any early withdrawal fees or transfer fees charged by your current Plan.

Direct Rollover from a Qualified Plan: I request you to liquidate all assets in my referenced Qualified Retirement Plan, and process a direct rollover. Please follow these special instructions, if any.

For questions on processing direct rollovers contact the Retirement Help Desk at 1.888.827.1812.

Bank of America Plan/Account

Trustee Transfer/Direct Rollover Request example filled out, bank of America Plan/Account

If you do not make a selection, funds received will be credited to the Money Market IRA/CESA. Check the Type of Plan: Traditional, Roth, Rollover, SEP, CESA, Traditional Beneficiary or Roth Beneficiary.

Enter the IRA/CESA Plan Number. Enter Deposit in Existing Account Number, or check Deposit in a New Account.

Deposit in a New Account under the following product type: Money Market IRA/CESA (no term); Month-Variable Rate Account (18-23 months); Month-Fixed Term Account (6-120 months), each with Term, Interest Rate and Annual Percentage Yield; Risk Free Featured/Promotional.

The interest rate and annual percentage yield quoted are valid for 30 days from the date signed. If the funds are received after 30 days, the rate assigned will be the current rate at that time for the product.

Customer's Acceptance

Trustee Transfer/Direct Rollover Request example filled out, customer's Acceptance

Customer's Acceptance (read and complete): I have received, read and agree to the terms and conditions of the disclosure contained in the deposit agreement, fee schedule and plan document. I have read the instructions on this form and authorize the transaction described.

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.

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.

By signing you authorize the existing custodian/trustee to handle it according to the instructions on this form, if this is a custodian/trustee transfer. You also understand that this transaction is a transfer to a new custodian and not a taxable distribution to you. If you are 70½ or older, you are required to take your required minimum distribution, however, you 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.

Delivery Instructions to Bank of America

Trustee Transfer/Direct Rollover Request example filled out, delivery Instructions to Bank of America

Make checks payable to: Bank of America, N.A. for the benefit of the name of the IRA/CESA owner.

Mail to: Regular Mail: Bank of America, N.A. TX2-979-02-14 P.O. Box 619040 Dallas, TX 75261-9943. Overnight Mail: Bank of America, N.A. TX2-979-02-14 4500 Amon Carter Blvd Fort Worth, TX 76155.

More rules for Trustee Transfer/Direct Rollover Request

Bank Information - For Internal Use Only (must be completed - required information). Bank of America will accept the transfer authorized on this form.

Sources

[1] Trustee Transfer/Direct Rollover Request (00-14-9031M 07-2015), Bank of America (the Official source link on this page).

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