Follow these steps to make an Annual Contribution to your Unchained IRA.
Before you can fund an Unchained IRA, you must set up an IRA account.
There are multiple ways to fund your Unchained IRA. The most common are:
- IRA-to-IRA transfer
- Employer Plan Rollover: 401(k), 403(b), TSP and others
- Annual contribution
Annual Contribution
You can make an annual contribution to your IRA in one of two ways, a wire transfer or a paper check. Regardless of your chosen method, you must start by completing the IRA funding request form.
You can access the IRA funding request form within the Unchained platform. Select the IRA account you want to fund, navigate to the IRA Cash balance tab at the top navigation bar, and click Fund.
On the next screen select Annual contribution and press Continue.
Once you complete and submit the form, an Unchained IRA associate will email the applicable funding form via DocuSign for you to sign. They will also provide wire transfer instructions and paper check instructions.
After submitting the form, you must either initiate a wire transfer from your bank or mail a check to complete your funding request. Once the funds are received by Fortis Bank and added to your IRA cash balance, you may use the funds to buy bitcoin.
Notes:
- There's no minimum amount needed to complete a transfer, rollover, or annual contribution to your IRA account. However, our trade desk has a $2,000 minimum for all trades (such as using your cash balance to buy bitcoin for your vault).
- Fortis Bank charges a $15 inbound wire fee. You must add $15 to your annual contribution amount, otherwise the fee will be deducted from your contributed funds.
- It may take up to 5 business days for a check to clear once it’s been received by Fortis Bank.
No contents of this article may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.