BEWARE when you move funds between your IRA accounts at this Savings & Loan. According to IRS, if done within 60 days, it's a non-taxable rollover. In my case, this was done within a few minutes. However the teller didn't know and entered this as a taxable distribution, despite my explanations.
Now I am on my own trying to explain all this mess to the IRS, and I believe the fees to do so start at $500. I have done rollovers before at this bank albeit at a different branch, and never a problem up until now. This is unbelievable. The tellers, of all people, should know what they are doing. However this isn't happening, at least not at the Cedar Center branch.
BOTTOM LINE: I do not recommend having business with this bank.
Morgan Bertin
1 year ago
Very nice people and so easy to work with, thumbs up!
Rick Zakowski
1 year ago
Always have been helpful and easy to go for my banking needs
Vicky Skidmore
1 year ago
Always a pleasure.....wonderful employees!
Josh VanderLeest
1 year ago
So friendly and helpful.
Just me
11 months ago
BEWARE when you move funds between your IRA accounts at this Savings & Loan. According to IRS, if done within 60 days, it's a non-taxable rollover. In my case, this was done within a few minutes. However the teller didn't know and entered this as a taxable distribution, despite my explanations.
Now I am on my own trying to explain all this mess to the IRS, and I believe the fees to do so start at $500. I have done rollovers before at this bank albeit at a different branch, and never a problem up until now. This is unbelievable. The tellers, of all people, should know what they are doing. However this isn't happening, at least not at the Cedar Center branch.
BOTTOM LINE: I do not recommend having business with this bank.
Adam Garfunkel
11 months ago
They love giving predatory loans!
Morgan Bertin
11 months ago
Very nice people and so easy to work with, thumbs up!
Just me
1 year ago
Morgan Bertin
1 year ago
Rick Zakowski
1 year ago
Vicky Skidmore
1 year ago
Josh VanderLeest
1 year ago
Just me
11 months ago
Adam Garfunkel
11 months ago
Morgan Bertin
11 months ago