How to transfer your current IRA to a Fidelity IRA
Are you ready to move your current IRA into a Fidelity IRA? We can help make the process as easy and seamless as possible. You can transfer quickly and easily online or by phone to a Fidelity IRA with a direct trustee-to-trustee transfer.
Step 1: Confirm you are transferring an IRA
If you are interested in moving an existing IRA and it is still at another trustee or custodian, then you are in the right place.
If you are hoping to move or contribute cash from a checking or savings account, you can simply link to your account and start an electronic funds transfer (EFT)Log In Required. If you have a workplace savings account from a former employer, you can use our rollover process.
Step 2: Gather your account information
Before you get started, you'll need the details of your current IRA account(s), including the account name and number. Note that you don't have to have paper copies; information from online statements will work just as well.
Next, if you don't already have a Fidelity IRA, you'll need to open one, this way, you can move money from your current IRA into this Fidelity IRA.
Step 3: Start your transfer
Our online process usually takes less than 10 minutes to complete. Once it's submitted, we'll take it from there. We'll contact your current IRA custodian to release the assets and then deposit them directly into your chosen Fidelity account. This can take as little as five days, but it does vary. You can track the progress of your transfer online at any time with our Transfer Tracker.
If your former IRA account custodian sends you a check, you can deposit the money directly into your Fidelity IRA.
Important: The check should be made payable to Fidelity Management Trust Company (or FMTC). FBO (your name). Be sure to ask your former IRA custodian to include your account number on the check.
| Wire directly | |
|---|---|
| Regular mail |
Fidelity Investments
|
| Overnight mail |
Fidelity Investments
|
| Mobile check deposit |
Fidelity Mobile® check deposit. Use your iPhone®, iPad®, or AndroidTM to scan and deposit checks. |
|---|---|
| Bring to a Fidelity Investor Center | |
| Regular mail |
Fidelity Investments
|
| Overnight mail |
Fidelity Investments
|
Step 4: Invest your money
Once your money is in your IRA, you should get it invested. This is a very important step—investing is how your money has the potential to grow over time.
We offer these options for getting invested:
- If you want to choose and manage your own investments, you can review your options or call us and we can do it together.
- We also understand you may not have the time to focus on your retirement investments. We can help with a range of professionally managed solutions for rollover, Roth, and traditional IRAs. While these services do charge a fee, you'll enjoy peace of mind knowing a team is keeping a close eye on the markets and the investments in your account every day.
560622.12.1
