Complaints and Reviews

Do you want to know if (Checkbook IRA LLC) is a legitimate company? Are there any complaints filed against them? To avoid losing your hard-earned money, you should carefully read this entire review before you try this company.

What Is complaints, as the name implies, is a Self-directed IRA provider based in Redmond, Oregon. The company was founded in 2004 and has developed tremendously since then. They currently manage thousands of accounts for clients in the United States and around the world.

Checkbook IRA is one of those organizations that value customer education and has dedicated an entire area of their website to providing new clients with educational information.

Do They Offer Precious Metal IRAs?

Yes, they do provide IRAs. And, as previously said, was founded primarily to provide IRAs to clients who want to invest their retirement funds in alternative assets. We do not recommend them, however, because they demand high admin fees, up to ten times what other IRA providers charge. Furthermore, the company has no reviews on the BBB or other trustworthy websites, which is a warning sign.

Click Here to Check Out Our Top Recommendation for Precious Metal IRAs

Company Info


Redmond, Oregon


915 SW Rimrock Way, Redmond, OR 97756

Year Founded:



Jordan Shepherd


Overall Rating

3.0 ⭐⭐⭐

How It Works functions in the same manner as any other self-directed IRA service. On their official website, they provide all of the resources you need to get started. All you have to do is select the service you want and fill up a simple online form, or contact their customer service specialists if you need more assistance.

If you are completely new to IRA rollovers and retirement planning in general, their website is a goldmine of information. You can access their free educational resources by going to their ‘University’ section. Products & Services specializes in IRA and 401k rollovers. They essentially assist you in opening a self-directed IRA, which allows you to invest in numerous alternative assets such as cryptocurrency or precious metals. The organization will meticulously guide you through the rollover process. Their superb customer education program is intended to attract newcomers and potential investors.

Furthermore, Checkbook IRA provides asset storage, but you will have to pay a significant fee for this. Currently, they charge $1500 per year for storage, which is far too high as compared to other similar companies that price $200 or less. Complaints & Reviews has no Better Business Bureau complaints and only one consumer review on the platform. Similarly, they have one review and no complaints on Trustlink. Surprisingly, they have no ratings or complaints on the Business Consumer Alliance or the Ripoff Report.

Checkbook IRA BBB

Checkbook IRA Trustlink

Advantages of Choosing

  • Great Customer Service

Checkbook IRA provides excellent client service. They provide a live chat facility on their website that makes contacting help very simple. They also have a phone number and an email address, and their customer service representatives are constantly available and eager to assist.

  • Customer Education

The organization takes pleasure in being one of the few that provides unrivaled client education. In fact, they have devoted an entire area of their website to webinars, articles, podcasts, videos, and other instructional tools to assist clients in understanding how IRA rollovers work.

  • Reliability

Checkbook IRA has been in business for over a decade, demonstrating its dependability and credibility.If they were a shady company, they would have gone bankrupt long ago.

  • Secure Storage provides secure storage for your investment but at an extraordinarily high price of $1500 each year, which most investors dislike.

Disadvantages of Choosing

  • No Reviews On Major Consumer Review Sites

While most trustworthy organizations have multiple reviews on major online consumer review sites, Checkbook IRA does not. They lack reviews not only on the BBB but also on other trusted platforms like Trustlink and Business Consumer Alliance.

  • Exorbitant Storage Fees charges a yearly storage fee of $1500, whereas comparable IRA providers charge $200 or less.

  • Pushy Sales Representatives

Many investors have complained over the years about overzealous salespeople that ‘hard sell’ the company’s products. Most prospective investors will not tolerate such behavior and will seek out another firm.

Should You Consider Checkbook IRA for Your IRA Investments?

Checkbook IRA may be a reputable corporation with a long history, however, we do not recommend them for two reasons:

  1. They have no customer reviews, which is a major red flag that should not be ignored.
  2. Their storage rates are exorbitant.

Conclusion is a self-directed IRA service with a long track record of success. The organization values client education and does all possible to educate prospective investors on the intricacies of IRA rollovers.

However, Checkbook IRA has a disadvantage that prevents us from recommending it. For starters, they impose expensive yearly storage costs for your investment assets. Second, they lack client reviews on online sites such as the Better Business Bureau. Finally, there have been numerous complaints regarding the firm’s pushy salespeople, which has harmed its reputation.

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