Answer:
No. A transfer is IRA to IRA. There is also a direct rollover from a company plan and that check will read the same way.
-----------------------------
Learn more about Deborah Crawford’s webinar IRA - The Basics
Transfers versus Rollovers—Can be a critical error!
Answered by:
Question:
If a check is payable “Bank FBO Customer” is it always a transfer?
print
share