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Telephone: (703) 528-7994 Email: TrustServices@Presidential.com
*For asset custody balances exceeding $2,500,000 a higher fee could apply, depending upon the specific arrangements with the account holder. For institutional accounts, a transaction charge of $15 applies to each domestic securities settlement in each applicable custody account. Both custody and transaction charges apply to global investments held outside of the United States; fees depend upon the countries involved. An additional annual special handling fee of $100.00 applies to each domestic asset held in custody that is not Depository Trust Company eligible or a mutual fund or a government security eligible to be held at the Federal Reserve. Other charges may aply to specific services requested by the customer.
All of the foregoing fees are charged to the respective Trust Custody Account annually in a lump sum during the month following the anniversary of the account opening, except for transaction and global custody fees which are billable monthly.
If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply.
Additional fees may apply for special services.
Rates effective: June 28, 2013
Presidential Bank’s Trust Department is a qualified custodian to hold your IRA assets. Presidential’s Trust Department can act as your custodian for the assets owned by your Self-Directed IRA, processing all transactions, performing requisite recordkeeping, filing necessary reports with the IRS, issuing account statements, forwarding investor materials received in your behalf, helping you to understand the rules and regulations pertaining to certain transactions, and performing other administrative duties. Our Trust Department staff is trained and experienced and ready to help you establish your flexible asset IRA. Call today and get started (703) 528-7994.
*APY = Annual Percentage Yield Presidential Bank reminds you that email@presidential.com is NOT a secure means of communication. Please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. We encourage you to maintain contact with us through our Secure Email service, located within Personal Online Banking. Help us keep YOUR personal information PRIVATE!