Retirement tax questions

"It would be up to Capital Bank & Trust to accept the self-certification and complete the rollover."

 

It doesn't have to be Capital Bank and Trust, it could be any custodian like Vanguard or TD Ameritrade.

 

For example if he opens a TD Ameritrade IRA account, use the "60 day rollover" option on the contribution page. 

 

Custodian is required to accept your "60-Day-Rollover" rollover indication. You have  until July 15 to make it happen.

Your bank account must be linked for ACH transfer.