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I retired from a company in Puerto Rico and would like to transfer the funds to an IRA. Can I rollover these funds to an IRA account?

Yes. The law allows the rollover of these funds to an IRA account through a rollover directly from the fiduciary who manages the company's retirement plan to the fiduciary who manages the IRA account to which the roll over will be made. The retirement plan with the company must be qualified by the Puerto Rico Treasury Department. You can also receive the disbursement and contribute it to an IRA account within sixty (60) days from receiving said payment or disbursement.  

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We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”