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What is a qualified rollover?

It is the transfer of the total amount distributed to you under a qualified retirement plan to another qualified plan in Puerto Rico or to an individual retirement account (IRA) offered by a financial institution in Puerto Rico. It must be done within 60 days of having received the payment, or through a direct transfer from the previous trustee to your new plan's trustee. In the event of a rollover, it is best to request that it be made directly from one plan to another to avoid the tax withholding for distributions due to separation of employment.

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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.”