cobo621
New Member

Local bank cashed my 401k rollover check

I received an 401k check at an direct rollover from my previous employer. The client was written in the company named for the benefit of my name. I took the check to my local bank instead of sending the check to my new company 401k provider and my local bank was able to cash and deposit the funds into my checking account. Since the check is coded as a direct rollover, can i deposit the funds into my new company 401k plan using a personal check or should i open an IRA or Rollover IRA to deposit the funds. I forgot to mention, that it is past 60 days

 

Thank you