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Tuesday, November 1, 2011 - 3:32 PM
(2 stars)
Penfed Takes Too Long To Process IRA Transfer Paperwork
Pentagon Federal Credit Union
(2 stars)I called them to find out about the transfer of my IRA account to another bank. They received the paperwork from my bank, but, told me that they were "running a little behind" and that it would take 4-7 BUSINESS days to get the check IN THE MAIL to my new bank. I asked if I could have the funds wired. They said no. I am very unhappy with their procedures on this matter. I am collecting almost no interest in their IRA money market account as I wait because they are "running a little behind".
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