Frequently Asked Questions

IRA Financial is a financial services firm specializing in self-directed retirement accounts, allowing clients to invest in alternative assets such as real estate, private businesses, and cryptocurrencies using tax-advantaged retirement funds.

IRA Financial specializes in self-directed retirement solutions, helping individuals take control of their retirement savings through alternative investments such as real estate, private equity, and cryptocurrencies.

Founded in 2010, IRA Financial has been in business for more than a decade and a half and now has over 27,000 clients in all 50 states who have invested over $7.0 billion in alternative assets. It was founded by Adam Bergman, a tax attorney, author of nine books on self-directed retirement plans, and one of the most recognized voices in the self-directed retirement industry. IRA Financial has over 75 employees located in 5 states and is the fastest growing provider of self-directed retirement accounts in the country.

IRA Financial offers self-directed retirement plans for individuals and small business owners including both traditional and Roth Self-Directed IRAs, Checkbook IRAs, traditional and Roth Solo 401(k) plans, SEP & SIMPLE IRAs, HSAs, Coverdell ESAs, and the ROBS structure for those who fund their own business, with full compliance and custodial support.

You can open an account online through our website or by speaking with a specialist. The process typically involves completing an application, submitting identification, and funding the account.

Yes, IRA Financial is a South Dakota state-chartered custodian under 408(a)(2) and a bank custodian defined under 408(n) referenced therein. We are regulated and licensed by the South Dakota Division of Banking. As a non-fiduciary trust company, we must meet the capitalization, compliance, anti-money laundering, consumer protection, and cybersecurity requirements as set forth by the South Dakota Division of Banking and protect the interests of our customers first and foremost.

IRA Financial is located Sioux Falls, SD.

Our address is 5109 S. Broadband Lane, Sioux Falls, SD 57108

IRA Financial does not provide investment advice. Instead, they serve as a custodian and facilitator for self-directed retirement accounts helping clients set up accounts and process transactions. While they offer educational resources and support, they do not recommend or endorse specific investments. Clients are responsible for making their own investment decisions, and those seeking personalized financial guidance should consult a registered investment adviser or financial professional.

Yes, there is a one-time setup fee for most accounts and an annual fee for ongoing compliance, record keeping, and support.

No. We believe all our clients, irrespective of account size, should get the same amazing services. Additionally, we want all our clients to become seven-figures retirement investors so we don’t believe in charging more fees because they are successful.

IRA Financial isn’t a bank in the traditional sense, it operates as a state-chartered, non-bank trust company that acts as a custodian for retirement accounts.

Yes. Clients can invest in a wide range of alternative assets, including real estate, cryptocurrencies, precious metals, and private businesses, all within IRS-compliant retirement structures

Our hours of operations are Monday through Friday 8:00AM to 5:00PM central time.

You can contact us by phone, email, or through our website’s chat system. Our support team is available during regular business hours.

A Self-Directed IRA (SDIRA) is a type of retirement account that allows you to invest in a broader range of assets beyond traditional stocks and bonds, such as real estate, private equity, and cryptocurrencies. To achieve portfolio diversification with your retirement investments, you must self-direct!

Benefits include greater investment flexibility and freedom, tax-advantaged growth, diversification, and the ability to invest in assets you know and understand.

When it comes to making investments with a Self-Directed IRA, the IRS generally does not tell you what you can invest in, only what you cannot invest in. Essentially, one cannot invest in life insurance, collectibles, and transactions that involve or benefit you, the IRA holder, or another “disqualified person.”

The most popular investments include real estate, precious metals, cryptocurrency, tax liens and deeds, private placements, hard money loans and so much more.

The IRA prohibited transaction rules, defined under IRS Code Section 4975, are designed to prevent self-dealing and misuse of retirement funds. They prohibit transactions between an IRA and “disqualified persons,” including the account holder, certain family members and entities they control. If a prohibited transaction occurs, the entire IRA may lose its tax-advantaged status and be treated as fully distributed, triggering income taxes and potential penalties.

Yes, you can request a rollover or transfer of existing retirement funds to your Self-Directed IRA; they can be direct (custodian to custodian) or indirect (you take control of the funds first).

Taxes depend on the account type. Traditional IRAs are funded with pretax money, offering an immediate tax break. Taxes are deferred until the funds are distributed. Roth IRAs are funded with after-tax money. There are no upfront tax savings, however, qualified distributions are tax free in retirement.

Only if you are planning to take an in-kind distribution or are over the age of 73 and are required to take required minimum distributions (RMDs). An independent third-party should sign the valuation form.

A Solo 401(k) is a retirement plan for self-employed individuals or small business owners with no full-time employees (other than a spouse).

Any self-employed person or business owner with no full-time employees besides themselves and/or their spouse.

For 2026, the contribution limit is up to $72,000, or $80,000 if age 50 or older, subject to IRS guidelines. There’s an additional catch-up contribution for those 60-63, bringing their total to $83,250.

Yes, you can borrow up to $50,000 or 50% of your account balance, whichever is less.

Solo 401(k)s allow for a wide range of alternative investments including real estate, private equity, and cryptocurrencies. If the IRS doesn’t prohibit it, you can invest in it.

You can set up a Solo 401(k) by completing a short application and working with our specialists to tailor the plan to your needs.

The IRA Financial platform includes built-in public markets trading, powered by Interactive Brokers. You manage everything, including stocks, ETFs, and more, directly inside the IRA Financial platform. IRA Financial establishes a dedicated brokerage account at Interactive Brokers titled in the name of your IRA or IRA LLC. All assets remain inside your retirement account and retain their tax-advantaged status.

The underlying Interactive Brokers account is titled in the name of your IRA, or your LLC if you have a Checkbook IRA. It must never be titled in your personal name. Doing so would constitute a prohibited transaction and could disqualify your IRA. IRA Financial handles the titling based on your plan structure.

If you have an existing IRA Financial account, you can typically begin trading within a few business days, we’ll process your request within 1 business day, account verification through IBKR takes 1–2 business days, and funds transfer takes up to 1 additional business day. If you’re opening a new account at the same time, the full setup typically takes 1–2 weeks.

No minimum is required to open a Stocks account.

Funding your Stocks account is a two-step process inside the IRA Financial platform. First, deposit funds into your custodial cash account by going to Transact > Deposit. Once settled, move funds from your custodial cash into your Stocks cash account by going to Transact > Move. From there, you’re ready to trade.

No. The Stocks account is IRA-owned and must be funded exclusively with IRA funds. Commingling personal money constitutes a prohibited transaction under IRS rules and could disqualify your entire IRA.

Yes, since both are IRA-owned, you can move funds between them as needed for investment purposes. All movements can be made in your IRA Financial Account by navigating to Transact.

U.S. and international stocks, ETFs, bonds, mutual funds, options, and futures are available within your IRA.

Yes. Regardless of platform, IRAs cannot hold life insurance contracts, collectibles (art, antiques, coins, etc.), S-Corporation stock, or any investment involving a disqualified person. Some speculative strategies may also be restricted. Consult a qualified tax advisor or attorney for advice specific to your situation.

Traditional margin borrowing is not permitted in IRAs. The Stocks account does support a “limited margin” feature that allows unsettled funds to be used for new trades without waiting for settlement. Full margin borrowing is not supported.

Traditional short selling requires borrowing shares, which violates IRS prohibited transaction rules. Consult a qualified tax advisor or attorney for advice specific to your situation.

Generally, no. Standard trading of stocks, ETFs, bonds, and options inside an IRA does not generate Unrelated Business Income Tax (UBIT). UBIT is typically triggered by debt-financed income or active business activity. Since margin borrowing is prohibited, most standard trading will not create a UBIT liability.

Because gains inside an IRA are tax-deferred (Traditional) or tax-free (Roth), no annual tax filing is on trading activity. IRA Financial handles required IRS reporting, Form 5498 and Form 1099-R if you take a distribution.

The IRS prohibits transactions between your IRA and disqualified persons, including yourself, your spouse, lineal descendants, fiduciaries, and certain related entities. The most common risk in public markets trading is holding or trading securities of a company you or a disqualified person controls. Consult a qualified tax advisor or attorney for advice specific to your situation.

No special tax issues arise from covered calls or most standard options strategies inside an IRA. All gains remain sheltered. Complex strategies involving borrowing or constructive receipt may require prior review. Consult a tax advisor for advanced options strategies.

Stock trading access is $100 per year, added to your existing IRA Financial account. No commissions on US exchange-listed stocks / ETFs. All other trades subject to IBKR Lite pricing. 

There are no platform fees for basic access, and most inactivity fees have been eliminated. Certain premium data and research subscriptions carry additional costs. IRA Financial does not receive a share of Interactive Brokers commissions. Review the current Interactive Brokers fee schedule at ibkr.com for the most up-to-date information on ancillary charges. 

No, it is not possible to log directly into Interactive Brokers with your IRA Financial retirement account. Access to IRA Financial Stocks is available through the IRA Financial platform and everything is managed directly inside your IRA Financial account. You get the full power of Interactive Brokers’ execution infrastructure which includes real-time trading, research, charting, and a full range of order types within your IRA.

IRA Financial is your plan administrator, not your broker. They do not execute or monitor individual trades in real time, but may review account activity periodically for compliance and will have access to account-level information to fulfill reporting obligations. 

Yes. You can initiate a direct rollover or trustee-to-trustee transfer from an existing IRA at any custodian into an IRA Financial Self-Directed IRA. When done correctly, this is a non-taxable event. IRA Financials’ onboarding team will coordinate the transfer, after which you can activate your Stocks account.

In most cases, no. A new account must be opened and titled in the name of your IRA Financial IRA or IRA LLC. Existing personally titled accounts cannot be retitled as IRA accounts. Our team will walk you through the process.

Yes. You can consolidate multiple IRAs (Traditional, SEP, and SIMPLE after the 2-year holding period) into your IRA Financial Self-Directed IRA, then deploy those funds to your Stocks account. Roth IRAs can be consolidated with other Roth IRAs. Traditional and Roth funds cannot be commingled in the same account.

Liquidate the desired amount of securities within your Stocks account, move the cash back to your custodial cash account through the IRA Financial platform, and then request a distribution. Traditional IRA distributions are subject to ordinary income tax and, if taken before age 59½, a 10% early withdrawal penalty unless an exception applies. 

RMDs are calculated based on the total value of all your IRA assets as of December 31 of the prior year, including securities in your Stocks account. IRA Financial will help calculate your annual RMD. From there you can liquidate sufficient securities, move the funds back to your custodial cash account, and process the distribution through the platform. Plan ahead before year-end to allow time for settlement.

Yes. Publicly traded securities can be transferred from your Stocks account to a personally titled brokerage account. The fair market value on the distribution date is treated as ordinary income for Traditional IRAs. IRA Financial will coordinate the in-kind distribution paperwork. 

Yes, IRA Financial Stocks is an excellent choice for all types of traders and investors. Active traders benefit from fast execution, low commissions, and advanced tools which are all accessible inside the IRA Financial platform. Gains accumulated through stock trading are tax-deferred or tax-free. Buy-and-hold investors benefit from the broad investment universe and the ability to hold alternative assets elsewhere in the same IRA.

Yes. The underlying Interactive Brokers account is SIPC-insured, providing up to $500,000 in protection (including $250,000 for cash) per account in the event of broker failure. Interactive Brokers also carries excess SIPC coverage through Lloyd’s of London. SIPC does not protect against investment losses from market fluctuations.

Investment losses reduce your account balance just as they would in any brokerage account. SIPC protects against broker insolvency, not market losses. Unlike a taxable account, capital losses inside an IRA cannot be deducted on your tax return. Assess your risk tolerance carefully and consider consulting a financial advisor before engaging in speculative strategies.

Cryptocurrency investing means buying digital currencies (like Bitcoin, Ethereum, or others) with the expectation that their value will increase over time, allowing you to make a profit.

Instead of investing in traditional assets like stocks or real estate, you’re investing in decentralized digital assets that run on blockchain technology, a secure and transparent digital ledger.

A Self-Directed IRA account with IRA Financial allows you to invest in any IRS-approved alternative investment like real estate, private placements, gold, investment funds, including cryptos for one low flat fee.

An IRAfi Crypto account will allow you to exclusively buy cryptos for the annual low fee of just $100, (plus trading fees). IRA Financial does not charge an annual custody fee based on the value of your cryptos.

No, the IRAfi Crypto platform is the only way you can buy cryptos on Bitstamp using a retirement account directly.

You can fund your IRAfi Crypto account through:

• Direct Contribution
• IRA Transfer
• Rollover of Previous Employer 401(k) Funds

Please note: You cannot fund your plan with cryptos. At the time, you may only fund your IRAfi Crypto account with cash from a retirement plan.

No! IRA Financial is unique in that we do not require a minimum deposit to start or maintain a minimum balance as long as you have a credit card on file.

• It is designed for the Novice and Intermediate trader that wants to get started without first mastering a complex trading platform.
• It has a unique profit and history tracking tool that allows users to have a clear picture of their activities and the outcomes.
• It has direct education links from each coin to popular education sites like CoinMarketCap to help users learn more about coins to invest in.
• It provides real time pricing and profit/loss trends on-screen that other popular trading platforms do not offer.

Not at this time. However, IRA Financial has been working on a multi-signature wallet solution that will follow IRS rules and the McNulty case ruling that will allow retirement account owners to hold their cryptos off the exchange on a cold wallet in which they personally hold. We are hoping this solution will be live in the near future.

No. At this time, the IRAfi Crypto platform can only be funded with cash from a retirement account. You can always sell the cryptos you hold with another company tax-free and then repurchase the cryptos on the IRAfi Crypto platform.

Since retirement plans are tax-advantaged accounts, you don’t need to worry about taxes, such as capital gains, when you trade cryptos inside one. With a traditional plan, taxes are deferred until you withdraw from the plan; if you utilize a Roth, never pay taxes on qualified distributions.

Limit trading is now live on the platform! A limit order is a direction to purchase or sell a crypto at a specified price or better. This feature allows retirement account investors to better control the prices at which they trade. A limit can be placed on either a buy or sell order:

• A buy limit order will be executed only at the limit price or lower.
• A sell limit order will be executed only at the limit price or higher.

The 1% IRAfi Crypto fee includes all Bitstamp trading fees.

IRAfi Crypto does not support all cryptocurrencies; it does support most of the major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, etc. See the full list here.

If you wish to invest in a crypto not supported by our app, you can set up a Checkbook IRA and use an exchange of your choice. You would purchase cryptos in the name of the LLC and control the entire process on your own without the need for expensive brokers.

In order to invest in other assets such as real estate and precious metals, you need to upgrade your account to a full-service Self-Directed IRA or Solo 401(k) plan. Simply log into the app, and choose which type of plan you want.

Buying cryptos through an ETF at a brokerage firm comes with drawbacks compared to purchasing directly from an exchange. ETFs incur higher ongoing fees and do not provide direct ownership of the tokens. ETFs trade only during stock market hours, unlike exchanges that operate 24/7, and may experience tracking errors or price premiums during volatile markets.

All customer funds held on Bitstamp are 100% backed and available for withdrawal at any time. Assets are held 1:1 in custody, meaning for each coin our customers hold with us, that coin is safely held with a fully licensed, qualified custodian.

All Bitstamp customers’ crypto and fiat are stored separately from corporate assets. Bitstamp never will lend or stake out your assets, crypto or fiat, without your express instruction.95% of crypto held at Bitstamp is securely stored offline in bank-grade Class III vaults. Bitstamp keeps the remaining 5% online to enable smooth and fast transactions. Additionally, our custodians hold insurance for client assets in cold wallets. Learn more.

The IRS requires taxpayers must answer the digital asset question and report all digital asset-related income when they file their 1040 return, which is filed by the individual and not the IRA, so there is a position that one who only owns cryptos via an IRA does not have to respond in the affirmative to the question on IRS Form 1040.

However, the safest approach is to answer “yes” to the question since it is unclear if it only relates to crypto ownership in one’s personal capacity.

Yes! IRA Financial will do everything to help you set up your Bitstamp account. You will have 100% control of all aspects of the account. The opening and funding of your IRAfi Crypto account is quick and easy. Plus, our dedicated team is available by phone, email, or chat to help with any questions.

Bitstamp is the oldest and most reputable cryptocurrency exchange in the industry and has been operating since 2011. Bitstamp is regulated by the New York State Department of Financial Services (NYDFS). Bitstamp uses 2FA, SSL encryption, and cold storage for most of their crypto holdings, and have a dedicated security team working around the clock to prevent and respond to security attacks.

Yes, Self-Directed IRAs and Solo 401(k)s can invest in residential, commercial, or undeveloped real estate.

Yes, IRA Financial supports crypto investments through regulated platforms and custodians.

Yes, you can invest in private companies and startups through your self-directed account.

You submit an investment authorization form and supporting documents, and we handle compliance and funding.

Typically, you’ll need an investment agreement, subscription documents, and an invoice or title for the asset.

Setup fees vary by account type but are competitive within the industry.

Yes, annual fees apply and depend on the services and account type.

Transaction fees may apply depending on the complexity and frequency of your investments.

Fees are billed annually and can be paid from the account or out-of-pocket.

Yes! Current and former members of the US military including active duty, veterans, and reservists receive $100 off the first year annual fee with promo code MILITARY.

You can fund your account via rollover, transfer, or direct contribution.

A transfer is a direct, tax-free movement between like retirement accounts (IRA to IRA), while a rollover typically moves funds between different account types (401(k) to IRA) and may involve taxes or time limits if not done directly.

Timelines vary by custodian but generally range from 5 to 15 business days.

Yes, you can make annual contributions up to the IRS limit.

IRA Financial does not charge for incoming rollovers or transfers, but your current custodian might.

A prohibited transaction involves improper use of the account, such as dealing with disqualified persons or using the asset personally.

Disqualified persons include you, your spouse, parents, children, and certain fiduciaries.

We provide documentation, reporting, and legal support to ensure your account stays compliant.

Not always. An IRA LLC gives you checkbook control, but it depends on your investment goals.

Forms like 5498, 1099-R, and others must be filed annually, and we assist with preparation and filing.

You can start by visiting our website and completing the online application. Our specialists guide you through the setup, funding, and investment process. If you have questions, feel free to contact us.

Click on “Get Started” and enter your name and email address, then create a password. From there, you will be directed to log into your IRA Financial account.

From the home page, click on “Create an Account” and you will be presented with account options. You will be able to choose from Self-Directed IRA, Checkbook IRA, and Solo 401(k).

It only takes 5-10 minutes to fill out an application. Most accounts are opened within one to three business days, depending on document turnaround.

You will need to upload the front and back of 2 IDs (e.g., driver’s license, passport, credit card, or insurance card). You will also need a current statement uploaded if you are transferring or performing a rollover from another custodian.

No. You can save at each step and return later. To continue, click on “Forms in Progress.”

Yes! When you submit an application with IRA Financial, your information is protected using multiple layers of security

You will receive detailed information by email with the next steps and timing for establishing your account.

We guide you through setup, funding, and investment structuring with step-by-step support.

Yes. Each process has an option for premium expedite (1 business day) for $200 or standard expedite (2 business days) for $75.

Our Client Support and Compliance teams provide ongoing assistance, including educational resources, investment compliance checks, and technical support.

You can log in through our secure client portal to view balances, transactions, and submit requests.

Your IRA account number can be found under “Account Summary.”

Simply complete a Deposit Form on the platform and then send in the funds by wire or check. Remember to include your account number on the check or wire.

Yes, you can update your beneficiary designation form at any time.

You can contact us to discuss new strategies and submit new investment documents for approval.

You’ll need to complete a distribution or transfer request, and we’ll assist in the process.

Yes, we facilitate direct rollovers and transfers from existing IRAs, 401(k)s, 403(b)s, and other retirement accounts. Our team will guide you through the process to avoid taxes or penalties.

You will have to initiate the rollover with your former employer. You will likely be required to complete a Direct Rollover Request Form. Just remember to indicate you will be rolling over the funds directly to an IRA and include your IRA Financial account number. A rollover between retirement custodians is tax free and can be done at any time.

Yes. You are free to transfer any amount of IRA funds to IRA Financial or rollover any amount of funds from an employer pension plan.

If you wish to rollover funds from another IRA to IRA Financial, simply complete a Letter of Acceptance form on our app, along with a copy of a recent statement and we will take care of the rest. Make sure the funds you wish to rollover are in cash.

It usually takes 3-5 business days to process the Transfer Authorization form and send it to the current custodian; receiving the funds is dependent on the transferring custodian, so we recommend contacting them in regard to that.

Submit a distribution form and we’ll help process the withdrawal per IRS rules.

We handle all IRS reporting for your Self-Directed IRA. However, you are required to report any IRA contributions made or distributions taken on your Federal Income Tax Return (1040).

In addition, if you have used a non-recourse loan or have invested your Self-Directed IRA into a business operated through an LLC or other pass-through entity, then you may be required to file IRS Form 990-T for Unrelated Business Taxable Income (UBTI).

Yes, you can invest in Bitcoin and other digital assets using a Self-Directed IRA or Solo 401(k). Learn more about our crypto trading platform, IRAfi Crypto.

We work with approved custodians and exchanges that support institutional and IRA-compliant accounts.

Crypto is stored in secure, institutional-grade wallets with custodians and exchanges that specialize in compliance.

No taxes are due on trades within the account; tax treatment follows the rules of the IRA (traditional or Roth).

Identify the property, submit an investment authorization, and we handle the purchase in the name of your IRA.

No, personal use of IRA-owned property is a prohibited transaction.

All expenses must be paid from the IRA, and all income must return to the IRA.

You can hire a third-party manager but cannot manage the property yourself in a way that provides compensation or direct benefit.

Yes, we partner with advisors, CPAs, and attorneys to support their clients’ retirement needs.

Yes, we offer custom retirement plan solutions for small businesses and groups.

We provide white-glove service, advanced compliance support, and tailored investment structures.

RMDs start at age 73 and are calculated based on your account balance and IRS life expectancy tables.

Withdrawals before age 59½ may incur a 10% penalty and ordinary income tax unless an exception applies.

Traditional IRA gains are tax-deferred; Roth IRA gains are tax-free if qualified.

Distributions are reported on IRS Form 1099-R and included on your annual tax return.

IRA Financial takes security seriously by using encryption, secure servers, and qualified custodians to protect client information and assets. While cash held in certain accounts may be FDIC-insured, self-directed investments like real estate or crypto are not insured and carry inherent risks. Clients are ultimately responsible for their investment choices, it’s important to stay vigilant and practice good personal security habits.

IRA Financial ensures regulatory compliance by operating as a qualified IRA custodian, adhering to IRS and banking rules, undergoing regular audits, and filing required IRS forms. They also offer an optional Annual Compliance Service that includes tax form preparation, audit support, and consultations to help clients stay within IRS guidelines—though clients remain responsible for their investment decisions.

Yes, our app allows clients to monitor and manage accounts on the go.

Yes, account activity and investment tracking are available through our secure portal.

We provide access to account summaries, performance reports, and investment management tools.

Our website features blogs, videos, guides, and webinars for all experience levels.

Yes, we regularly host educational webinars and publish free downloadable guides.

Subscribe to our newsletter or follow us on social media for updates, news, and IRS compliance alerts.

Any current IRA Financial client with an active account in good standing may participate. Employees of IRA Financial and their immediate family members are not eligible.

A valid referral is someone who has never previously held an IRA Financial account and who opens and funds a new eligible account through your referral.

Yes. Crypto-only accounts and accounts opened for minors are not eligible for referral rewards.

You’ll receive a $300 credit toward your next annual account fee for each eligible referral.

No. You can refer as many eligible individuals as you’d like, and you’ll earn a $100 credit for each qualifying referral.

Referral bonuses are limited to one referral reward per referred individual, even if they open multiple accounts.

Credits are applied toward your next annual account fee once your referral has opened and funded their account.

Any unused credit will automatically carry over and be applied to future annual fees.

No. Referral credits are non-transferable and cannot be redeemed for cash.

Referral credits are only issued once the new account is both opened and funded.

You’ll be notified once your referral completes account opening and funding, and the credit is applied automatically.

Yes. IRA Financial reserves the right to disqualify referrals that are fraudulent, invalid, or do not meet program requirements.

Yes. IRA Financial may modify or discontinue the program at any time. Any credits earned prior to changes will still be honored.

If you have questions or need assistance, our team is happy to help.

• Outgoing wires or ACH requests:  outgoingfunds@irafinancial.com

• General questions:  info@irafinancial.com

Once your account is open, you will receive an email from
onlinebanking@firstwestern.bank  with instructions to access your account online and through the mobile app.

To send a wire, submit a “Wire/ACH Request – First Western” under Transact in the IRA Financial client portal, or email  outgoingfunds@irafinancial.com .

Processing times:

• Requests received after 12:00 PM CST are processed the next business day

• Requests received before 12:00 PM CST are processed the same business day

ACH payments follow the same process as wires:

• Processing times follow the same cutoff schedule as wires.

• Submit a “Wire/ACH Request – First Western” in the IRA Financial client portal under Transact, or Email  outgoingfunds@irafinancial.com

To fund your account using custodial cash:

• Select “Fund My – First Western Bank Account” in the IRA Financial Client Portal, or email outgoingfunds@irafinancial.com  with your request.

You can deposit checks using mobile deposit through First Western Bank’s mobile app.

• Mobile deposits are subject to a five-day hold period

To order a debit card:

• Contact  info@irafinancial.com  for assistance.

• Call 1-800-688-2584,
• or

• Email  IRAFinancial@FirstWestern.Bank

To order checkbooks:

• Email  IRAFinancial@FirstWestern.Bank

• or

• Call 1-800-688-2584,

If you notice an unrecognized transaction, contact First Western Bank immediately:

• Email:  IRAFinancial@FirstWestern.Bank

• Phone: 1-800-688-2584

Yes. The minimum balance required to maintain your account is $1.

To add or remove authorized signers, please contact  info@irafinancial.com .

Account documents are sent via Adobe Sign from echosign@echosign.com . The email subject line will appear as:
“Account Documents For _______”

For complete fee details, please refer to the fee schedule provided with your account documentation.