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Can indirect rollover 401k check be deposited into checking account first?

My 401k check was mailed out to me and also made payable to me. I would like to do an indirect rollover to my IRA account within 60 days of the withdrawal. The check had a portion withheld and I want to make sure to put back the amount withheld. 

 

Does the check need to be deposited straight into my investment account in order to qualify as a rollover? 
The issue is that in order for me to add back the funds withheld before I complete the rollover, I would need to deposit the check into my checking account then transfer the full amount into my investment account. 

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1 Reply
dmertz
Level 15

Can indirect rollover 401k check be deposited into checking account first?

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