How do I deposit 1 large IRA cashiers check into 2 IRAs?

Answer by  Att4372 (1704)

Deposit the large check into a holding / temporary account at you bank or broker. Then do a direct rollover into the other accounts.

Answer by  RobertB (111)

You will take the 1 cashiers check to your broker or financial representative. That individual will deposit the check on your behalf into the 2 IRAs through their clearing firm.

Answer by  technogeek (6640)

The best way is to cash the check and then make two deposits. If you deposit the check into one, withdraw and deposit into the second, you will be charged an early withdrawal penalty for the withdrawal from the first.