Q: How do I get a distribution from my investment account sent directly to my bank account, and how long does it take?
A Standing ACH Authorization or Money Movement form is needed. These create a link to your bank allowing us to send money directly to or from your investment account to your financial institution. Once the link is established, your distribution will take 24 to 48 hours to reach your account. If you do not have this form on file, it can take 3-5 business days for the form to process and the link to be “live,” then an additional 24 to 48 hours to reach your account.
For IRA Distributions we also have the ability to establish standing tax withholding elections in your IRA which creates a link to your bank and allows us to send RMD’s and other income needs directly to your bank upon request. Monthly withdrawals are also available to have the funds sent to you periodically.
All distribution requests must be requested verbally. The best way to request a distribution is to call our office at (405) 562-4525.
If you do make a request through email, please expect a call from someone in our office to confirm your request.