It showed that the IRA had been rolled over to a Wells Fargo, 48-month IRA CD on Feb.
Cashing it out would mean that her father would be taxed on the entire value.
"You have to do it from institution to institution so you don't burst the tax-protection bubble," Mc Bride said.
The help I received online and on the phone was amazing.
The account was created in less than 24 hours, and the whole process took only a few minutes - all from the comfort of home.
According to Dangler, her father's IRA CD amounted to more than 2,000 when it matured on Feb. Three days earlier, Dangler visited a Wells Fargo branch with her power of attorney documents and told representatives there that they wanted to have the CD's proceeds transferred directly to Valley National Bank.
Dangler, who also brought a signed document from Valley National authorizing the transfer of the funds, was told to come back on Feb. When she returned, a branch representative "insisted that I speak with the Wells Fargo 'personal banker' to discuss investment options," Dangler wrote in a letter to John G.
Safe and secure deposits — All deposits are insured up to 0,000 by the NCUA.
Relationship Rewards Points — Earn one point for each dollar you earn in interest on your CD.
She complained and demanded an interest rate of 2.25 percent, the amount at Valley National, she said.
The next day, Dangler was told that the bank's IRA department wanted her to resubmit the paperwork. She said she has provided Wells Fargo with the necessary paperwork three times, visited the branch three times, sent numerous emails and made phone calls.
Valley National Bank also received a notice from Wells Fargo that there was a problem with the paperwork, according to the letter to Stumpf.