Forms > Maintain my Investment > Authorize a Payment
Payment Authorization LetterUse form to make a payment from and on behalf of your IRA.
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Submit Online Print and Mail |
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FREQUENTLY ASKED QUESTIONS
How do I pay for expenses on assets I own within my IRA?
You will need to submit a completed and executed Payment Authorization Letter (PAL) and invoice to Vantage. You can send us the documentation electronically, by fax or mail. You can download to print or use electronic versions of all our forms at www.VantageIRAs.com under the Forms page.
Are there fees associated with paying expenses from my IRA?
There is a $5 fee if you instructed Vantage to pay the invoice by check or ACH, a $30 fee if being sent by wire or a $50 fee is paid by Cashier’s Check.
Can I set up automatic payments for recurring expenses from my IRA?
Yes, on the Payment Authorization Letter you can indicate your payment details and frequency.
What if I don’t have enough funds in my account to pay an expense?
You will be notified that there are not enough funds in the account to pay your bill.
My spouse and I have shared ownership (40% / 60% split) of an asset within our IRA, can we use one Payment Authorization Letter to authorize an expense?
No, Vantage must receive direction from each IRA holder in proportion to the percentage of ownership.