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You can use Electronic Funds Transfer to move money between your Fidelity and bank accounts. For information about contributing to or withdrawing from your IRA, see IRA Contributions and IRA Withdrawals. For information about contributing to or withdrawing from your annuity, see Transferring Money to and from Your Annuity.
You can electronically transfer money between your bank and your Fidelity Account using Electronic Funds Transfer. You can use Electronic Funds Transfer with your Fidelity mutual fund, brokerage, Portfolio Advisory Service® (PAS) accounts, or college savings plan account.
Eligible customers can make immediate deposits to their Fidelity accounts if they meet the following requirements:
You must have an existing account relationship with Fidelity Brokerage Services LLC (FBS) and/or an account serviced by Fidelity Service Company Inc. (FSC), for at least the prior six months, and you must have maintained an aggregated balance of $1,500 for the prior three months, in any Individual or Joint Fidelity Accounts or in any Traditional, Roth, Rollover, SEP, and SIMPLE-IRAs, and Keogh plans maintained by FBS or FSC.
Your existing accounts must not include any 401(k)s, 403(b)s, 457, 401(a), college investment trust accounts, and accounts managed by Strategic Advisers Inc, but Fidelity may include other assets at its discretion. In addition, you must not currently maintain any Existing Accounts that have certain account restrictions imposed by FBS.
If you're a new customer (with no existing accounts), you must open an account online and receive an account number.
You can add Electronic Funds Transfer to most Fidelity Accounts including brokerage and mutual fund retirement and non-retirement accounts. The bank account you use must be a checking, NOW, non-passbook savings, or Money Market Deposit Account (MMDA).
You can add Electronic Funds Transfer:
There are no charges for adding or using Electronic Funds Transfer and Fidelity keeps Electronic Funds Transfer active, no matter how seldom you use it. Please note that some banks may charge a fee to use this service. In addition, some banks may delete the feature after six months of inactivity.
For brokerage and mutual fund accounts, after the establishment process is complete, you can use Electronic Funds Transfer to immediately transfer money to Fidelity to purchase stocks, bonds, options, and mutual funds, or contribute to an IRA. However, the money is not usually available for withdrawal for four to six business days.
For Portfolio Advisory Services (PAS) accounts, you can use Electronic Funds Transfer to immediately transfer money to Fidelity.
You can withdraw money from and deposit money to your Fidelity or PAS account using Fidelity.com once your bank has been verified. If you completed and returned a form, you can begin to use Electronic Funds Transfer 7 to 10 calendar days after Fidelity receives your form.
You can view the status of your Electronic Funds Transfer set up on the Bank Information page.
For complete details on how to deposit cash or transfer securities you hold in a Fidelity Account, visit Accounts & Trade > Transfer Money/Shares and click "Compare ways to make deposits and withdrawals."
The accounts included in the From drop-down list are associated with your Social Security number. The list of accounts to which you're allowed to transfer depends on what type of From account you select.
Your listed banks cannot be selected if the status is:
The amount specified in the Quantity column on the Pending Transfers page is an estimated figure based on the distribution amount you requested. The amount includes any taxes withheld based on your tax withholding election or the government tax agency’s specified tax withholding requirements. However, the amount does not include any account or mutual fund fees that may be incurred when the transfer is executed. Once your transaction has settled you can visit account History and the trade confirmation on the statements tab, if applicable, for details on the amount of the final transaction.
Yes. When selling shares of a mutual fund position to initiate a transfer in a mutual fund or IRA account, you can select shares from your available tax lots. Fidelity includes the tax lot information on your order confirmation. You can only specify tax lots if your cost basis is currently being tracked using the Average Cost Single Category method. To specify tax lots, you enter the share quantity, date acquired, and cost basis per share for each lot you wish to sell on the Enter Tax Lots page.
Money transferred into a PAS account is generally invested in your Core account first and then allocated to the funds in your model portfolio on the business day following the transfer. If other trading activity is taking place within the portfolio on the day of a deposit, it will take an additional day for the funds to buy into your model portfolio.
Requests to transfer money out of a PAS account must be received by noon ET for blended portfolios for processing that day. Any transactions entered after noon ET are initiated the next business day. If other trading activity is taking place within the portfolio on the day of a withdrawal, it will take an additional day for the funds to be sold from your model portfolio. Requests to transfer money out of a PAS account must be received by 4 p.m. ET for Fidelity-only portfolios for processing that day. Funds are transferred two to three business days following the transfer request.
Identify your account type and the time you initiated your transfer. You will find the estimated time of completion based on this information.
| Account Type From a bank into a Mutual Fund Only Account From a bank into a Brokerage Account From one Brokerage Account to another Brokerage Account Brokerage Account managed by Portfolio Advisory Service (Blended) Brokerage Account managed by Portfolio Advisory Service (Non-Blended) Mutual Fund Only Account to a 529 Plan Account Brokerage Account to a 529 Plan Account |
Set Up Time Before 4:00 p.m. ET After 4:00 p.m. ET Before 4:00 p.m. ET After 4:00 p.m. ET Before 9:00 p.m. ET After 9:00 p.m. ET Before noon ET After noon ET Before 4:00 p.m. ET After 4:00 p.m. ET Before 4:00 p.m. ET After 4:00 p.m. ET Before 4:00 p.m. ET After 4:00 p.m. ET |
Estimated Completion |
The funds from an Electronic Funds Transfer transaction are generally deposited in your Fidelity account or bank account one to three business days after you place the request. However, you can immediately use the money you are in the process of transferring to buy stocks, bonds, and Fidelity mutual funds.
Electronic Funds Transfer requests are not processed on Saturday, Sunday, or New York Stock Exchange and bank holidays.
Please note that because Fidelity does not control when another financial institution will process a transaction, we can only estimate the completion date based on the part of the transaction we control. For example, if you request a transfer from a bank to a Mutual Fund Only Account at Fidelity before 4:00 p.m., ET on a day of business and Fidelity receives the transfer by 4:00 p.m. ET, the funds will be posted to your account on the same business day. If, however, Fidelity does not receive the transfer request by 4:00 p.m., the transfer will post to your Fidelity account the next business day.
You can see up to 90 days of Electronic Funds Transfer requests in history. For additional assistance, call a Fidelity representative at 800-544-6666. For PAS accounts, call a PAS representative at 800-544-3455.
Attempts to cancel Electronic Funds Transfer requests are performed on a best-effort basis. There is no guarantee that a transfer can be canceled.
Fidelity validates bank account information through a test transaction (prenote) process that takes seven to ten business days. Fidelity will send an electronic check to your bank to verify that the ABA routing number and checking account number provided are valid.
Your bank account will be activated in Electronic Funds Transfer as soon as your information is verified. Activated accounts appear on the Bank Information page.
In order to verify your identity and ownership of your bank accounts, you may need to provide a government-issued identification number.
A driver's license or state-issued I.D. number is requested for verification purposes when you attempt to add Electronic Funds Transfer to your account online.
If you do not have a driver’s license, you can add Electronic Funds Transfer by completing a form and sending it to Fidelity. To access the form, select Get a Form under Before You Begin on the Electronic Funds Transfer Setup page.
If you are no longer using a bank account, you can delete that bank account from any Fidelity account to which it is linked. Go to the Bank Information page, locate your desired Fidelity account and Bank Name, keeping in mind you may have multiple accounts from a single bank linked to this account. Make sure the account and routing number are correct, and then click the Delete link under the Action column. You will need to verify this deletion on the next page.
You can only delete a bank account from one Fidelity account at a time. To delete the same bank account from more than one Fidelity account, you must delete it from each account separately by simply clicking the link on the Delete Bank Account Confirmation page entitled, Delete this bank from other Fidelity accounts. This link will return you to the Bank Information page.
The maximum withdrawal amount using Fidelity.com or telephone is $100,000 per account. For withdrawals greater than $100,000, requests must be made via a completed paper form. To get a copy of the form, contact a Fidelity representative at 800-544-6666.
For brokerage IRAs, only one withdrawal per day may be processed.
For eligible mutual fund IRAs, you may have more than one withdrawal request processed at a time, provided the withdrawals are from different mutual funds.
If you have updated your mailing address within the past 15 business days, a withdrawal sent by check must be less than $10,000. However, a withdrawal of up to $100,000 may be directed to:
A person can give up to $13,000 (or $26,000 if married and filing jointly) per year in cash per beneficiary without incurring gift or generation-skipping transfer tax liability.
Special accelerated gifting rules apply to 529 College Savings Plan accounts. You can contribute up to $65,000 (or $130,000 if married and filing jointly) per beneficiary to a 529 College Savings Plan account in a single year.
Transfers from UGMA/UTMA accounts into UGMA/UTMA 529 Plan accounts are not subject to gift tax.