How to Set Up Automatic Investments

Automatic investments can help you reach your financial goals by taking the guesswork out of remembering to make ongoing investments and providing you with the opportunity to grow your portfolio incrementally, over time.

Annuity customers, please follow these steps instead.

What are automatic investments?

Automatic investments are prescheduled, recurring transfers between your bank account and your Fidelity accounts. Just select a dollar amount, the date, and the frequency you want (monthly, quarterly, or custom). Your eligible accounts appear on the Automatic InvestmentsLog In Required page. You can set up automatic investments to invest in your nonretirement accounts, contribute to your Traditional, Rollover, and Roth IRAs, and contribute to 529 college savings plans.

Note: SEP IRAs and Keogh accounts are eligible for core account to mutual fund purchases only.

What do I need to know?

There are two types of automatic investments you can set up:

  • Transfer money from your bank account to your Fidelity brokerage core account or mutual fund position.
  • Use money from your Fidelity brokerage core account to buy mutual funds.

When you transfer money from your bank, the transaction is processed by electronic funds transfer (EFT). If you haven't set up EFT, it typically takes only a few minutes to complete.* From your Automatic InvestmentsLog In Required page, select Set up Electronic Funds Transfer.

To transfer money from your bank account into your brokerage core account:

  • From the Automatic Investments page, find the Fidelity account where you want to make the recurring investment.
  • Next to "Transfer from your bank," select Set Up Automatic Investments.
  • You'll see Set Up Automatic Investments for the account you selected:
    • Under Transfer From, select the bank you want to use.
    • Under Transfer To, select your brokerage core account.
  • Enter a dollar amount and the investment schedule, which includes the day of the month, the frequency, and a stop date—if needed.
  • Select Next. Confirm the information and read the automatic investments agreement. If you agree to the terms, select "I Agree."
  • You'll see a confirmation that your instructions have been received.

To use money from your brokerage core account to purchase a mutual fund:

  • From the Automatic Investments page, find the account you want to use.
  • Next to "Transfer within this account," select Set Up Automatic Investments.
  • You'll see Set Up Automatic Investments for the account you selected:
    • Under Transfer From, your brokerage core account displays.
    • Under Transfer To, select a mutual fund you own.
  • Enter a dollar amount and the investment schedule, which includes the day of the month, the frequency, and a stop date—if needed.
  • Select Next. Confirm the information and read the automatic investments agreement. If you agree to the terms, select "I Agree."
  • You'll see a confirmation that your instructions have been received.

For retirement accounts, all deposits are coded as current-year contributions. It's important to keep track of how much you can invest by reviewing the IRA Contribution Limits and Deadlines.

You can also enroll in automatic investments by selecting the appropriate automatic investments form on the Automatic Investments page.

*If there are discrepancies between your Fidelity and bank account information, you may need to sign up for automatic investments by completing and sending us the form, instead of using the online setup.

What to expect

  • Typically, automatic investments involve two distinct transactions: a debit from the source account and a purchase into the receiving account.
  • If you've completed the online steps, and successfully linked your bank account, your automatic investment will be set up on the next business day.
  • If you signed up using the paper form, we'll need to test your banking information (called a prenote period). This takes about four days to complete. You can check your Bank InformationLog In Required page to see if the feature is set up.
  • After you've set up automatic investments, you'll either receive a confirmation by email in 1–2 days or through U.S. Mail within 3–5 business days.
  • Depending on whether the money is coming from an outside bank account or a Fidelity account, it generally takes up to four days to complete the transaction.

    Note: The transaction might take more than four days if there are insufficient funds in the source account.

  • If you would like to make changes after you've established automatic investments, you'll need to make any changes at least two days in advance of your scheduled transaction. You can either access your information online or call us at 800-343-3548.