Cash Management FAQs: Move Money
Electronic funds transfer (EFT)
How long does it take to establish EFT?
It takes only a few minutes to complete the EFT setup process.
Why do I need to provide my bank login credentials (Username and Password)?
This is required in order for us to log in to the bank account and complete the verification process to confirm that the bank account being added 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.
When will my funds be available?
If your request is received by 4 p.m. ET, deposits to your Fidelity account will be credited the same day. Withdrawals are completed within 1 to 2 business days, but posting and availability may take longer, depending on your bank.
Deposits are generally available for withdrawal or to purchase securities online within 4 business days.
EFTs are not processed on Saturdays, Sundays, or New York Stock Exchange and bank holidays.
What types of bank accounts are eligible for EFT?
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.
What types of Fidelity accounts are eligible for EFT?
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.
Are there restrictions on the amount of money that can be transferred via EFT?
How do I authorize billers to debit my eligible accounts directly?
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 format
If you have the checkwriting feature, you can use your Fidelity checks to find your 13-digit account number, which you can then format into 17 digits using the table below.
Account type Formatting instructions Nonretirement brokerage accounts beginning with X, Y or Z
Use 39900000 followed by your Fidelity brokerage account number.
Substitute the following numbers for the letters in your account number:
- X = 5
- Y = 6
- Z = 7
All other nonretirement
39900001 followed by your 9-digit account number
Note: As an alternative to direct debits, you can use Fidelity BillPay® to schedule regular or one-time payments to a biller.
Fidelity accounts are considered a checking account for direct debit purposes.
* Only nonretirement brokerage accounts are eligible for direct debit.