In most cases, it takes only a few minutes to complete the EFT setup process. However, if we are unable to verify your bank account ownership, you may be asked to upload additional documentation, like a check. If we cannot instantly verify your information, the process could take up to 7-10 days.

In some cases, your login credentials are required for us to complete the verification process and confirm that the bank account being linked is actually your bank account. Fidelity only uses this information once during the login process, and the data is not stored in any manner whatsoever.

EFTs into Fidelity are generally received within 1-3 business days. Funds may be available to trade immediately if sent before 4 p.m. ET on a business day. After your EFT is received, funds will go through a security hold period before you can withdraw them from your account.

EFTs are not processed on Saturdays, Sundays, or New York Stock Exchange and bank holidays.

Your bank account must be a checking, NOW, non-passbook savings, or money market deposit account.

At least one common name must match exactly between your Fidelity account and your bank account.

Bank accounts include non-Fidelity investment accounts that accept Automated Clearing House (ACH) activity using a routing (or ABA) number and your account number.

All Fidelity brokerage and mutual fund accounts are eligible for EFT, with the exception of self-employed 401(k) plans, Self-Directed Brokerage, SIMPLE-IRA, Fidelity Retirement plans (Keogh), and non-prototype accounts. Trust and business accounts must establish the EFT service by completing the Electronic Funds Transfer (EFT) Authorization (PDF).

Inherited IRA accounts cannot accept contributions via EFT.

There is no limit to the number of EFTs you can submit per business day. The minimum amount for each EFT deposit is $0.01 for non-retirement and retirement brokerage accounts. The maximum amount per day is $100,000 for withdrawals, and $250,000 for deposits. If you need to deposit more than $250,000 per day, or withdraw more than $100,000 per day, you can call Customer Service at 800 544-6666 to hear your options for the daily limit for electronic funds transfer (EFT).

To authorize billers to debit your eligible accounts* directly, you will need to provide:

• Fidelity's ABA or routing number (101205681)
• Your formatted 17-digit Fidelity account number formatLog In Required
• Fidelity accounts are considered a checking account for direct debit purposes.

* Only nonretirement brokerage accounts are eligible for direct debit.