Core Banking Solutions

Individual Retirement Accounts

The Individual Retirement Accounts module is complete and feature-rich, and satisfies all government reporting requirements for your IRA accounts. It even includes a full range of tools for marketing IRAs. Such as:

• Contains all of the functions of the CD system
• Supports SEPs, Regular, Roth, Coverdell (formerly Education), SIMPLE, Conduit and Re-characterized IRAs; MSA and HSA
• Multiple IRA distribution capabilities; Comprehensive federal tax withholding on disbursements
• Exception reporting; Reached attained or maximum age; Contribution limit met or exceeded
• Information kept on current/previous year contributions, rollovers, transfers and re-characterizations
• IRA calculator
• Required Minimum Distribution (RMD) reporting
• Automatic interface to our Core Banking Systems General Ledger
• Year-end processing and forms printing
• And more