Spend & Save FAQs: Move Money
Electronic funds transfer (EFT)
How long does it take to link my external bank account for EFT?
In most cases, it takes only a few minutes to complete the EFT setup process. However, if we are unable to verify your bank account ownership, you may be asked to upload additional documentation, like a check. If we cannot instantly verify your information, the process could take up to 7-10 days.
Why am I being asked for my bank login credentials (username and password)?
In some cases, your login credentials are required for us to complete the verification process and confirm that the bank account being linked 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?
EFTs in and out of Fidelity accounts are generally received within 1-3 business days, though the funds may be immediately available for trading. Electronic funds transfers (EFTs) are not processed on Saturdays, Sundays, or New York Stock Exchange and bank holidays. EFT requests entered after 4 p.m. ET will not process until the next business day.
Deposits are generally available for withdrawal or to purchase securities online within 4 to 6 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?
There is no limit to the number of EFTs you can submit per business day. The minimum amount for each EFT deposit is $0.01 for non-retirement and retirement brokerage accounts. The maximum amount per day is $100,000 for withdrawals, and $250,000 for deposits. If you need to deposit more than $250,000 per day, or withdraw more than $100,000 per day, you can call Customer Service at 800 544-6666 to hear your options for the daily limit for electronic funds transfer (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 formatLog In Required
- Fidelity accounts are considered a checking account for direct debit purposes.
* Only nonretirement brokerage accounts are eligible for direct debit.