To fully set up a Rocket Dollar account, our team will open a bank account with one of our partner banks: Solera National Bank or American Estate & Trust. Here is a list of common fees you could encounter while using our partner banks.
Basic Bank Fees
Solera National Bank:
|Domestic Outgoing Wire Transfer||$30 (updated 12/12/2022)|
|Domestic Incoming Wire Transfer||$15 (updated 12/12/2022)|
|Yearly Free Outgoing Wire Transfers||Four outgoing wires a year are covered by a Gold subscription.|
|Bounced or Returned Check (returned deposited item)||$5|
|Overdraft/Overdraft protections||Not offered as Self-Directed Retirement Accounts cannot be provided extensions of credit|
|Daily Wire Limit||There is a $250,000 daily wire limit. For special wires at higher levels, please contact Rocket Dollar Support.|
American Estate & Trust:
|Domestic Outgoing Wire Transfer||$40|
|Domestic Incoming Wire Transfer||$40|
ACH transfers are free up to $99,999.99 through the bank messages portal. The Daily cut-off is 4 pm Central Time.
If the amount is larger, it would be a domestic outgoing wire transfer of $25 or you can also write a check if you have a checkbook.
Simply set the ACH transfer as a "business" transaction. If you hit a $5,000 limit, you may be using the "personal" ACH transaction setting and simply need to change it when executing with our bank partner.
|Minimum Balance Requirements||None, but must maintain an active Rocket Dollar Account|
|Minimum Activity Requirements||None, but must maintain an active Rocket Dollar Account|
Checks and Debit Cards
|Customized Checkbook Order||$8 for 100 check orders. (automatically included with Rocket Dollar Gold)|
|Cashier Check Sent by Bank||$5|
|ATM/Debit Card Replacement|
Checkbooks and Debit Cards come automatically with the Gold Account. Can I still get them with a Silver Account?
Yes, but you are responsible for procuring it from our partner bank. With a Silver account, you will have to procure a checkbook or debit card on your own. Rocket Dollar support does not provide these items. Any fees needed to purchase a checkbook will be taken from the IRA.
International Investments and Activity
|International Outgoing Wire Transfer||$50|
|International Incoming Wire Transfer||$10|
Can I choose my own bank?
No. Rocket Dollar has chosen its partners based on extensive review processes.