IRA to IRA Transfer

1. Complete PENSCO Trust's self-directed IRA Application
2. Complete PENSCO Trust's IRA Transfer Request Form, providing us with all the pertinent information about the account from which you would like to transfer funds.

   a) When completing our 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 maintenence fee.

b) Make sure to indicate on our Transfer Request Form that you are liquidating and transferring the funds as cash.

NOTE: Use our online application program to help you quickly complete both of the above forms.

3. Mail the following to PENSCO Trust:

   a) Application Form (original)

   b) Transfer Request Form (original)

   c) A Recent Statement (a copy is allowable) from the account from which you are transferring funds.

4. Contact your current IRA custodian (the one from which you are transferring), and request that they liquidate the amount to be transferred so that liquid funds will be ready upon receipt of our Transfer Request Form.

5. 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.