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Wire or check instructions are instructions you establish so that we may send you a check or a wire when you request it. You may set up one of three different types of wire or check instructions:
Your company's plan rules will tell you if you need to request a wire or check in order to get your money. Some plans are set up so that certain net cash monies (e.g., exercise-and-sell transactions or dividends paid in connection with company stock plans) are distributed to you automatically through your company's payroll. If this is the case, you don't need to request a wire or check.
In all other circumstances, your money is held in your Stock Plan Account until you request a distribution by wire or check.
Generally, requesting a wire or check involves the following steps:
You can select the following currencies for wire transfers and those marked with an asterisk (*) for wire transfers or checks:
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The currency exchange rate is calculated as the Spot Rate plus the prevailing Basis Points. The Spot Rate is the current market rate for a currency pair. This can fluctuate throughout the day, and typically changes from day to day. The estimated currency exchange rate could vary from the actual rate used to perform the currency trade due to currency market fluctuations and timing of your check or wire request. It is not used in determining the rate for future purchases or trading. Generally, the Spot Rate is similar to the Reuters rate, but can differ for illiquid currencies. Estimated currency exchange rates are displayed on screen at 3 decimals of precision but the currency trade will be conducted at a rate of up to 8 decimal places of precision.
An intermediary bank is a bank that accepts your wire when you request a wire to be sent to a financial institution other than a bank, like a credit union or a brokerage firm. Your financial institution will provide you with information about the intermediary bank if an intermediary bank is going to be involved in your transaction. If you have any questions about the intermediary bank, contact your financial institution.
For your protection, and to ensure that funds are being disbursed to the correct participant, at least one name on the receiving bank or other financial institution account must match.
Your instructions are reviewed once you submit them. Generally, it takes up to four (4) business days to review and approve your instructions. Incomplete or inaccurate data may cause further delays. You will be contacted by e-mail or telephone if incomplete or inaccurate data is discovered.
Once your instructions are reviewed and accepted, they become active, and you can request a wire or check.
You may have only one set of instructions active at one time.
To establish your wire instructions, contact the receiving bank or financial institution (e.g., brokerage firm, credit union), and obtain the following information. Ask if an intermediary bank will be involved. If so, obtain the information above for the intermediary bank as well.
- ABA Number (United States)
- BSB Code (Australia)
- IBAN (European Union)
- Sort Code or CHAPS Sort Code (United Kingdom)
- SWIFT Code or BIC(for most other countries)
- Transit Number (Canada)
If requesting money to be sent to a country listed below, on the Enter Wire Instructions screen, enter the information listed below for your country in the Additional Instructions field.
| Country/Currency | Country-Specific Instructions |
| Argentine Peso - ARS |
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| Canadian Dollars - CAD |
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| Chilean Peso - CLP |
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| Euro - EUR |
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| Israel Shekel - ILS |
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| Hungarian Forint - HUF |
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| Kenyan Shilling - KES |
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| Mexican Peso - MXN |
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| Peruvian New Sol - PEN |
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| Polish Zloty - PLN |
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| South African Rand - ZAR |
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To delete your instructions, call a Fidelity Stock Plan Services representative. You can find our contact information on the Contact Us page.
A $10 (USD) fee is assessed for each wire requested, and a $5 (USD) fee is assessed for each check requested. Under certain conditions these fees are waived—check with your financial institution to see if these conditions apply to your situation.
You may request up to $100,000 (USD) per day via a wire or check online. To request an amount greater than $100,000, call a Fidelity Stock Plan Services representative. You can find our contact information on the Contact Us page.
Generally, your wire or check will be issued within five (5) to seven (7) business days after we receive your request. Your check will be sent via regular mail, and delivery times may vary depending on your local mail service. Certain countries will not allow payment in the form of a check in local currencies (see What currencies can I select? to see if you are eligible to receive a check in local currencies). In this case, you will be required to accept your payment in the form of a check in US Dollars (USD), or via bank wire. A bank wire allows you to transfer money electronically from Fidelity to your bank account. Your bank may impose an additional fee for this service.
To cancel a request for a wire or check, call a Fidelity Stock Plan Services representative. You can find our contact information on the Contact Us page.