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BancWest Investment Services

Set up Your Rollover IRA in Three Simple Steps

Rolling over your former employer-sponsored retirement plan doesn’t have to be complicated, especially when you carefully follow these steps.

Step 1  Open a Rollover IRA.

Open a Rollover IRA online now or call a Retirement Consultant at 1-888-808-2947, and we'll walk you through the process.

Step 2  Fund your account.

Contact your former employer's plan administrator and tell them that you want to roll over your plan assets into a Rollover IRA. Then, fill out any paperwork required by the plan administrator.

Your plan administrator may be able to transfer funds directly into your new account. If your employer does not make a wire transfer directly into your new account:

  • Make sure your rollover distribution check is made payable to "Pershing LLC", includes your BancWest Rollover IRA account number, and is deposited within 60 days of the date your check was issued to avoid any tax penalties.
  • Have the check sent to: BancWest Investment Services, 1 Pershing Plaza, Jersey City, NJ 07302-9914.
  • If you receive the rollover distribution check, you also must deposit it within 60 days of the date your check was issued to avoid any tax penalties.

Step 3  Choose your investment options.

Decide how you'd like to allocate your retirement assets. From mutual funds to stocks and exchange-traded funds (ETFs), we offer an array of investment options to fit your particular retirement plan. For more information, check out What We Offer.

Enjoy integrated online investing and banking

Easily view and manage your investment and Bank of the West accounts* online from a single screen.

Prior to deciding whether to maintain your assets in an employer sponsored retirement plan or to roll over these assets to an IRA please consider various factors including, but not limited to, investment options, fees and expenses, services, withdrawal penalties, potential protection from creditors and legal judgments, required minimum distributions and possession of employer stock. Please see the FINRA Investor Alert for additional information. Please be sure to speak with a financial advisor to discuss all your options.

1 The consultation with a BancWest Investment Services financial professional is complimentary. Please note: The implementation of any recommendations provided during the consultation may result in trade commissions or other fees, charges or expenses. Any recommendations and guidance provided are limited to assets held at BancWest Investment Services.

* Deposit and loan products offered by Bank of the West. Member FDIC. Equal Housing Lender.

** Fifteen (15) $0 commission order executions for equities and Exchange-Traded Funds ("ETFs") per calendar month, per account ($6.95 order executions thereafter), for self-directed orders placed via the BancWest Investment Services online platform, subject to certain terms and conditions and additional fees (please refer to https://www.bankofthewest.com/personal-banking/investments/online-trading.html for further details about self-directed investing available through BancWest Investment Services). If an order placed via the online platform is executed over multiple days, each day's executions for that order will be counted separately and applied against the remaining available $0 commission order executions available that month.

Online Preferred Pricing is only available to individuals with an active Premier Checking account. Individual Online Preferred Pricing eligibility is determined on a daily basis by BancWest Investment Services. Online Preferred Pricing does not apply to business/corporate accounts, investment club accounts, partnership accounts, limited liability accounts or certain fiduciary or custodial accounts. Please contact BancWest Investment Services for additional information.

Premier Checking recognizes your preferred customer status and rewards you with premium interest rates, waived fees and other benefits. Learn more or apply now. A Bank of the West Premier Checking account requires a minimum opening deposit of any amount. The $25 monthly service charge will be waived for your first two (2) statement cycles and may be waived thereafter when you maintain at least $25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal Bank checking, money market, savings, CDs, and IRAs, and prior end-of-month account balances in eligible BancWest Investment Services investment accounts. Some accounts and services and the fees that apply to them vary from state to state. Standard deposit account fees apply. Relationship requirements and pricing are subject to change without notice.

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