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
3 years ago
Very nice people and so easy to work with, thumbs up!
Rick Zakowski
3 years ago
Always have been helpful and easy to go for my banking needs
Vicky Skidmore
3 years ago
Always a pleasure.....wonderful employees!
Josh VanderLeest
3 years ago
So friendly and helpful.
Just me
2 years 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
2 years ago
They love giving predatory loans!
Morgan Bertin
2 years ago
Very nice people and so easy to work with, thumbs up!
Just me
3 years ago
Morgan Bertin
3 years ago
Rick Zakowski
3 years ago
Vicky Skidmore
3 years ago
Josh VanderLeest
3 years ago
Just me
2 years ago
Adam Garfunkel
2 years ago
Morgan Bertin
2 years ago