Approximate Set Up Time for a Solo 401(k) Account:
 | Expedited Setup | Regular Setup |
---|---|---|
Setup Bank Account | 1-2 days | 3-5 days |
Movement of your funds | Varies (depends on your financial institution, e.g. 1-10 days) | Varies (depends on your financial institution, e.g. 1-10 days) |
Setup at Exchange (Fastest)* | itBit – 1 day | itBit – 1 day |
Setup at Other Exchanges* | Varies, depending on Exchange (can take weeks) | Varies, depending on Exchange (can take weeks) |
Total Time (approx.) using itBit Exchange | As fast as 3 days | About 5-15 days |
Approximate Set Up Time for a Self-Directed IRA Account:
 | Expedited Setup | Regular Setup |
---|---|---|
LLC Creation, Opening of Bank Account, and Funding of Bank Account | About 2 weeks (depends on financial institution) | About 3 weeks (depends on financial institution) |
Setup at Exchange (Fastest)* | itBit – 1 day | itBit – 1 day |
Setup at Other Exchanges* | Varies, depending on Exchange (can take weeks) | Varies, depending on Exchange (can take weeks) |
Total Time (approx.) using itBit Exchange | About 2 weeks | About 3 weeks |