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Direct & Indirect Transfers and Rollovers

We can assist with direct rollovers, trustee to trustee transfers and 60 day rollovers.

Rollovers
Rollover funds from an existing retirement plan (e.g. 401K or IRA) to your Melrose Bank IRA.

Transfers
Transfer funds from an existing IRA at another financial institution to your Melrose Bank IRA.

  • Consolidate your retirement assets for more control
  • Avoid penalties and taxes by rolling your funds directly to a Rollover IRA*
  • Continue to enjoy tax-deferred growth of your assets*

*There can be a substantial penalty for early withdrawal. Consult with your tax advisor about your specific situation before moving funds, as there may be tax implications if certain rollover and or transfer requirements are not met. Other restrictions may apply. Melrose Bank accepts deposits and is opening new accounts from customers residing in New England (MA, CT, NH, ME, VT, RI).

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"Just wanted to thank Melrose Bank for the help with refinancing my home. This was a first time process for me, and Melrose Bank made it so simple and stress free. "

Steven

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