How to Add Electronic Funds Transfer (EFT) to Your Account

Adding EFT provides you with a fast, secure, and free* way to transfer money between your Fidelity account and a bank account. In most cases, you can link your bank account online and start using EFT today.

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Add EFT online

Please follow these steps:

  • Confirm you're listed as the owner on both the Fidelity account and the bank account
  • Select Link a Bank for EFTLog In Required and choose the Fidelity account you want linked
  • Enter your bank account information using your bank's ABA routing number and account number
  • You may be asked to submit a security code that Fidelity sends you by text message to your cell phone or to enter your bank login credentials (your username and password) to continue the bank verification process

If you've already linked a bank to one of your Fidelity accounts, you might be able to copy the bank information to your other Fidelity accounts. If the bank information is eligible, you'll see it listed.

Add EFT using the form

If you cannot add a bank online or if you choose to use the form, please follow these steps:

If you want to set up EFT to transfer money to another person's account (3rd Party EFT Authorization to Someone Else), please follow these steps:

  • Download the Electronic Funds Transfer (EFT) Authorization (PDF) form
  • Complete sections 1, 3, and 5 of the form, plus any other sections that apply to you
  • Include a Medallion Signature Guarantee in section 5, or complete the form at a Fidelity Investor Center with all signers present
  • Submit the form following the instructions at the bottom of the form

What to expect

Regardless of how you've requested your EFT setup, online or by form, you'll receive a confirmation when we've added the instructions to your account.

If you've set up EFT online, you'll see a message confirming you've successfully added your bank's instructions and you can start using EFT right away.

If you've set up EFT by form, and your request is in good order, there's a four business-day wait after the form is processed (also called a prenote period) before you can use EFT.

You can track your EFT setup on Your TransactionsLog In Required page.

Frequently asked questions

  • How long does it take to establish EFT?

    It only takes a few minutes to complete the online EFT setup process; however, if you used the form, it takes four business days from the day we process your form until EFT is set up.

  • Why do I need to provide my bank login credentials (username and password)?

    This is required so we can verify that you're the owner of the bank account. Fidelity only uses this information once during the login process and the data is not stored or kept in any manner whatsoever.

  • When will my funds be available?

    Deposits to your Fidelity account are credited the same day if your request is received by 4 p.m. ET, and they begin earning interest. Deposits are available to purchase securities online immediately and they're available for withdrawal within four business days.

    You can check to see if the money you sent by EFT is available on your Activity & Orders tabLog In Required, under Pending Transfers.

    Withdrawals are completed within one to two business days, but please check with your bank to confirm when the funds are available.

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

  • What types of non-Fidelity accounts are eligible for EFT?
    • If linking to a bank, your bank account must be a checking, NOW, non-passbook savings, or money market deposit account.
    • Other eligible accounts include non-Fidelity investment accounts that accept Automated Clearing House (ACH) activity using an ABA routing number and your account number.
    • At least one common owner must match between your Fidelity account and your bank or investment account, unless you're setting up 3rd Party EFT.
  • 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, Workplace Self-Directed Brokerage, SIMPLE IRA, Fidelity Retirement plans (Keogh), and investment-only retirement accounts.

    3rd Party EFT is not available for:

    • Mutual fund only accounts
    • Health Savings Accounts (HSAs)
    • Business accounts
  • Are there restrictions on the amount of money that can be transferred online via EFT?

    Yes, generally, to request an EFT online, Fidelity brokerage accounts have a minimum transfer amount of $10 and a maximum transfer amount of $100,000. Fidelity Fund accounts have a maximum transfer amount of $250,000 for deposits and $100,000 for withdrawals. Additional restrictions apply depending on your situation. You'll be provided with an explanation of these and other terms of use during enrollment and/or usage of the service.