Transactions

Buy

• Your account must have purchase privileges established.
• Your banking information will be available based on the method by which it was added
• By challenge/micro deposit:
  • Immediately for a one-time, same day purchase up to $100,000 after which challenge deposits must be verified to initiate additional purchase transactions
• By your bank login and password:
  • Immediately

Exchange

• Your account must have exchange privileges established.
• Both accounts must be identically registered (unless you are making an IRA contribution from a non-IRA account OR taking a distribution from a IRA to non-IRA account)
• An exchange into a new fund must be conducted with a representative if the existing account has:
  • Automatic investing through payroll deductions
  • Dividends invested in other funds
  • An additional mailing address for account statements
  • Dividends mailed to a third party.

Sell

• Your account must have redemption privileges established.
• The date your bank will be available to receive your proceeds through Automatic Clearing House (ACH) or wire depends on which method was used to connect this bank.    
  • By challenge/micro-deposit:
    5 calendar days after confirmation of passing e-verification and challenging deposits.
  • By your bank login and password:
    5 calendar days after initial connection is confirmed.
• If you want to receive your proceeds by check, your address of record must not have been changed within the past 15 calendar days.

View or update your account.

The fastest way to securely deposit money into your T. Rowe Price account is through our buy experience. However, many clients find themselves in situations that require sending in a paper check. 

When mailing a paper check:

1. Make your check payable to "T. Rowe Price Funds."
   
2. In the memo field, include the account number for the fund you'd like to deposit into. This number is unique to each fund in your portfolio, and can be found on your Accounts page, or paper statement.
   
3. If you're contributing to an IRA, please indicate the contribution year (if applicable).

Addresses:

U.S. Postal Service

T. Rowe Price
Account Services
P.O. Box 17302
Baltimore, MD 21297-1300

Private Carriers/Overnight Services 

T. Rowe Price
Account Services
Mail Code 17302
4515 Painters Mill Road
Owings Mills, MD 21117-4903

Note: When sending in instructions to purchase or redeem to or from multiple fund accounts, please provide the exact amount to be allocated to each fund account. If you fail to do so and the total purchase or redemption amount cannot be divided equally among your fund accounts (example: a $5,000 investment into 3 separate fund accounts), the excess amount will be purchased or redeemed from the first account listed in your instructions (or if none listed, another one of your fund accounts).

Log In to your account to view pending transactions.

Log In to your account to contribute additional money to your IRA.

If you do not have an existing IRA with T. Rowe Price, you may open a new IRA.

View current contribution limits.

Log In to view your current and prior-year IRA contributions.

Add or update automatic transactions.

Transactions are posted overnight, and the exact time of completion varies, but you generally should be able to view most trade information on the next business day following the trade date.

Because exchanges are a two-step process (a redemption and a purchase), the purchase may appear in the Account Access section later than the redemption. If you do more than one exchange on the same day, your exchanges may not be available for viewing at the same time.

View your pending transactions.

View and cancel pending transactions.

Note: Transactions may be canceled until the market close (usually 4 PM ET or 5 PM ET for select money market funds) on their trade date. Once the market has closed on the trade date, the transaction can no longer be canceled.

ActivePlus Portfolios (APP) Wire Instructions:

• Bank Name: Bank of New York

• ABA Routing Number: 021000018
  

• Bank Account Number: 8900512385

• Bank Account Name: Pershing LLC

• BFFC - APP acct# Client last name

If you are wiring funds to T. Rowe Price into a retail mutual fund account (non-401(k)), please use the following information:

• Bank Name: Bank of New York, N.A. (New York)
• ABA Routing Number: 021000018
  
  
• Beneficiary Name: T. Rowe Price plus the fund name (e.g. Equity Income Fund, Government Money Fund, etc.) or multiple funds
  
• Beneficiary Account Number: 8900624809
  
• Originator to Beneficiary Information (OBI): Shareholder's account registration and number (account number must be included)
  
  
• Bank Address:
  Bank of New York
  1 Wall Street
  New York, NY 10286

Note: For IRAs, include additional instructions in the OBI specifying current- or prior-year or rollover.

Note: Wires can be used to fund a new account or to make additional purchases into existing accounts. If funding a new account, the new account must be established before sending the wire. When sending an international wire, the wire must first be sent through a U.S. correspondent bank. Each foreign bank has a corresponding U.S. bank that they process wires through.

• A purchase (buy) is the act of investing money into a new or existing account.
• A redemption (sell) is a request to sell shares of a mutual fund. Redemptions may or may not result in capital gains.
• An exchange may be any of the following: a request to send money from one account and invest it into another identically registered account in a different fund; an IRA contribution from a non-IRA account; OR a distribution from an IRA to non-IRA account.

Log In to place a transaction.

T. Rowe Price makes it easy to compare a Roth IRA to a Traditional IRA to see what best fits your retirement savings plan. Explore IRAs for a general comparison.

Your RMD is calculated by dividing your account balance on December 31 of the previous year by your age-based factor for the calculation year. Your age-based factor can be found using the appropriate IRS Life Expectancy table: Table 1 (PDF), Table 2 (PDF), Table 3 (PDF). Since these factors change each year, your RMD must be recalculated every year.

For additional information and tools, see the RMD Basics information on our website.

Please contact a T. Rowe Price retirement specialist at 888-421-0563 if you have questions.

Although the IRS allows you to take your total RMD from any one or more IRAs, the personal RMD calculations provided by T. Rowe Price are based only on the assets that are currently held at our firm.

When you sell shares in a non-retirement mutual fund by selling or exchanging, a taxable event occurs. For specific information on what tax implications may apply, view Tax Issues for Mutual Fund Investors.

In general, distributions from a traditional IRA are taxable in the year you receive them. Distributions from your traditional IRA may be fully or partly taxable as ordinary income, depending on whether your IRA includes any nondeductible contributions. If you are under the age of 59½, you may be subject to a 10% early withdrawal penalty as well.

For a Roth IRA, a qualified distribution is generally not a taxable event. If you receive a distribution from your Roth IRA that is not a qualified distribution, part of it may be taxable. If you are under the age of 59½, you may be subject to a 10% early withdrawal penalty.

Please consult a tax professional for assistance on actual taxes owed.

T. Rowe Price can help you consolidate workplace retirement plans and IRAs. See if a 401(k) Rollover or Transfer IRA is right for you.