News & Information

One common way to fund a self-directed IRA is to transfer cash from a current IRA held elsewhere.  You can transfer from any other type of IRA to a CNB self-directed IRA and use those funds to invest in a wider variety of assets.

Are you ready to move your existing IRAs to CNB? It’s easy, just follow these simple steps:

1. If you do not already have an IRA with CNB, complete the CNB IRA Application.
   • The set-up fee and current year base fee will due upon account establishment.  Please send a check payable to CNB or transfer in additional cash to cover these fees. If no fee payment is received, fees will be deducted from the incoming transfer.
   • If you already have an IRA established at CNB you can skip this step.
2. Complete the CNB Transfer Request Form.
3. Attach a statement from the previous IRA custodian.
4. Are you transferring cash to purchase an investment?
   • Complete the CNB Investment Authorization Form.
   • Attach any necessary investment company subscription agreements, applications, etc.
   • If you are transferring investments only and not making a new purchase you may skip this step.
5. Send all completed forms and the check for fees to CNB: