IRA to IRA Transfer

Complete PENSCO Trust's self-directed IRA Application
Complete PENSCO Trust's IRA Cash Transfer Request form

Provide us with all the pertinent information about the account from which you would like to transfer funds.
1. When completing our IRA Cash Transfer Request form, if you are not transferring the entire account balance, make sure to request a transfer of at least $500-$1000 over the projected amount of your initial investment in order to satisfy our minimum cash balance requirement. Additionally, you may want to leave extra cash in your new IRA to cover your account's maintenance fee.
2. Make sure to indicate on our IRA Cash Transfer Request form that you are liquidating and transferring the funds as cash.
NOTE: Use our online application program to help you quickly complete the above form.
Mail the following to PENSCO Trust:
1. IRA Application form (original)
2. IRA Cash Transfer Request form (original)
3. A Recent Statement (a copy is allowable) from the account from which you are transferring funds.
Contact your current IRA custodian (the one from which you are transferring)
Request that they liquidate the amount to be transferred so that liquid funds will be ready upon receipt of our Transfer Request Form.
Make at least one follow-up call to your current transferring custodian once they have received your Transfer Request Form from us. (You must send the Transfer Request Form to PENSCO Trust; we send it to your relinquishing custodian on your behalf.) Calling to confirm that they have received and are processing your request helps avoid any miscommunication or delay. It will also give you a better sense of what sort of turnaround time to expect.