Can I transfer money from my business to personal account for a Roth 401k check?

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  • #99491 Reply
    Desirée

      Can you just buy a bank check? Maybe do a wire transfer or set up an ACH debit with the firm.

      #99492 Reply
      Brad

        what type of firm doesn’t allow you to transfer money electronically?? Sounds super, super, super sketchy.

        If you’re investing and aren’t with Fidelity, Schwab or Vanguard, there had better be a really compelling reason!

        The IRS would never seen anything like this, so that’s completely irrelevant in this case (any case really).

        #99493 Reply
        Robert

          I think my wife just ordered check paper and prints her own checks….

          that is cheaper

          #99494 Reply
          Stacey

            You are correct. You are being cheap.
            Business checks are like $60.

            #99495 Reply
            Tim

              stop being cheap. it cost you more in your time to try and fix this problem than to pay for the checks.

              You’re stepping over dollar to pick up a dime.

              get the checks and move on.

              you should have this issue off your desk in 30 minutes.

              #99496 Reply
              Frank

                No, its not expensive to do that. Order the business checks from a discount check service if the bank charges too much.

                And that is NOT an investing question.

                Do not confuse frugality behaviors with investing.

                #99497 Reply
                Natalie

                  I can do a bill pay from my business account where I enter everything on the website and then the credit union prints/mails a check for me basically.

                  Is that an option?

                  #99498 Reply
                  Janice

                    You will be creating more headaches and raising more questions than you ever wanted if you were to be audited.

                    #99499 Reply
                    Damon

                      Who owns the investment? If it’s titled in the business name then don’t do it.

                      If it’s titled in your personal name then it’s fine.

                      #99500 Reply
                      Dan

                        I spend like $11 every 12-18 months on business checks. This is being cheap, not frugal!

                        #99501 Reply
                        Josh

                          Never a good idea to pierce the corporate veil and mix business with personal accounts.

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