Last June 23RD I initiated a roll over from an investment IRA to a bank.
This still has not been finalized.
I am receiving a run around from the bank. First they mailed an improper mailing address.
Then they never received the check. A stop payment was issued.
Now I am hearing they have the check, but the systems are down until Tuesday and they cannot print out the paperwork for me to sign.
My question is this: the bank has the check, Made out to them, my name also.
They are pushing a money market savings plan.
I feel they may possibly be using my money without putting it into my account.
Can I go there tomorrow, request the roll over be cancelled, have them cash the check and put it into a savings account. How would this affect the tax
? Do I get a statement at the end of the year?