[header] How to transfer an ira from one bank to another [title] Choose between a traditional ira and roth ira. [step] If you don't already have another ira with another institution, you'll have to open a new account before making a transfer. You'll need to factor in your overall financial plan when you choose a new ira. 
[substeps] If you currently hold a roth ira, you'll need to open a roth ira with your new bank. You can't transfer or roll over a roth ira to a traditional ira.