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IRA Online Savings FAQs
Because the online savings account is part of your IRA with
Credence Global Bank, you will need to request a distribution. To do this,
you can either log in to online banking and complete the
distribution request, call us 24/7 at 877-247-2559, or
complete and mail in the Distribution
Form. Please remember that federal law limits the
number of withdrawals and transfers from all U.S. savings
and money market accounts to 6 per statement cycle.
Unfortunately, you will be charged $10 for each transaction
that exceeds this limit. If you exceed this limit on more
than an occasional basis, we may be required to close your
IRA Online Savings account.
You can make up to 6 withdrawals and
transfers per month.
The limit is set by federal law for most electronic/
telephone/ check transactions from all U.S. savings and
money market accounts. Please remember, you will be charged
a $10 fee for each transaction after 6. If you exceed the
transaction too many times, we may close your IRA Online
Savings Account.
Please consult your tax professional for details on IRA
distributions or withdrawals.