Banking Frequently Asked Questions

Your questions, answered

We’ve collected some of the most frequently asked questions about our banking products and services, and grouped them by topic to make it easier for you to access the information you need to make informed financial decisions.

 

Find FAQs by topic:
Really Free Checking | Freedom Debit Card | Lost Debit Card | Overdraft Protection & Courtesy Pay | Round Up Program | Direct Deposit & ClickSWITCH | MemberSafe® | Savings | Certificates | RBFCU Choice Money Market | RBFCU Classic Money Market | Individual Retirement Accounts (IRAs) | Online Banking & Mobile Banking | Sign-In, Email & Text Alerts | RBFCU Bill Pay® | Online Deposit & RBFCU Mobile Deposit® | Move Money | Plaid | Multifactor Authentication (MFA) | STAR Program Help for Parents | STAR Program Help for Children | Paperless Preference (Electronic Statements & Documents) | RBFCU Mobile® App | Apple Pay | Samsung Pay | Back to all FAQs

 

REALLY FREE CHECKING

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

FREEDOM DEBIT CARD

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

LOST DEBIT CARD

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

OVERDRAFT PROTECTION & COURTESY PAY

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

ROUND UP PROGRAM

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

DIRECT DEPOSIT & CLICKSWITCH

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

SAVINGS

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

CERTIFICATES

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

RBFCU CHOICE MONEY MARKET

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

RBFCU CLASSIC MONEY MARKET

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

MEMBERSAFE

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

ONLINE BANKING & MOBILE BANKING

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

SIGN-IN, EMAIL & TEXT ALERTS

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

RBFCU BILL PAY®

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

ONLINE DEPOSIT & RBFCU MOBILE DEPOSIT®

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

MOVE MONEY

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

PLAID

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

MULTIFACTOR AUTHENTICATION (MFA)

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

STAR PROGRAM HELP FOR PARENTS

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

STAR PROGRAM HELP FOR CHILDREN

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

PAPERLESS PREFERENCE (ELECTRONIC STATEMENTS & DOCUMENTS)

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

RBFCU MOBILE® APP

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

APPLE PAY

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

 

SAMSUNG PAY

  • How do I request an IRA distribution?
    + -

    Although the intent of an IRA is to accumulate funds for retirement, IRA funds are accessible at any age*. IRA distributions may be requested at an RBFCU branch or by phone upon member verification. Requested distributions will be processed during business hours when proper documentation is received. IRA distributions are subject to taxes at the IRA owner’s tax bracket for the year funds are taken. RBFCU employees are not licensed tax advisors and are not able to determine the IRA owner’s tax liability.

    *IRA distribution may be subject to IRS early withdraw penalty.

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