By completing and signing this form, you authorize The Bancorp Bank to ACH funds from your account at your financial institution to an IRA account with The Bancorp Bank.
Account information at The Bancorp Bank:
Name: ______________________________________ |
IRA Account Number: ______________________ |
Address: _______________________________________________________________________________ |
Payment Amount:
Recurring IRA contributions will begin for tax year ____________ |
Annual recurring contribution limit ___________ |
Please specify a dollar amount and the schedule of which you would like the automatic contributions to occur. If you do not specify an amount, or if you do not establish a regular contribution schedule, we will automatically establish a limit based on the current Federal limitations of $3,000.00 for a contribution year. For each contribution, current year transfers will stop once you've reached this dollar amount. Your transfer schedule will be reactivated in January of the next contribution year. Prior year contributions cannot be made using this program.
(Note: This contribution method does NOT apply to Certificate of Deposit accounts)