Transfer Money/Shares - Frequently Asked Questions
A: Consider taking a tour to learn more about the various ways to move money.
A: Use this option when you are consolidating assets to Fidelity, for example, when you want to transfer your Company XYZ IRA assets to your Fidelity IRA.
A: Only eligible accounts are listed. Restrictions on moving money to or from an account may apply. IRA contribution limits vary.
A: Go to the Bank Information page and select Add a New Bank for each of the accounts you want to set up EFT or wire transfer capability. All you need to set up an EFT is your bank account number and bank routing number located at the bottom of one of your checks. You will need to check with your bank for wire transfer instruction details.
A: You can make changes to your bank information from the Bank Information page. For wire transfers, you can update your bank account number and recipient information; for EFTs, you will need to delete the current bank information and re-add the bank with the new information. As always, you can add an entirely new bank by selecting the Add a New Bank link.
A: EFT deposits are generally processed within 4 business days after you submit the request. EFT transfers to your bank are delivered within 1 to 2 business days, if received by 4 p.m. ET and are subject to the receiving bank's policies regarding fees and availability.
Wire transfers are delivered on the same business day, if received by 4 p.m. ET, and are subject to the receiving bank's policies regarding fees and availability.
EFT and wire transfers from mutual fund accounts require an additional 1 to 2 business days.
If you choose to receive a check rather than use an electronic or wire transfer method, you'll need to allow an additional 7-10 business days for delivery.
A: Fidelity will not charge you a fee for EFT or check requests; however, wire transfers may incur a Fidelity fee and a fee from the receiving bank.
A: You can generally deposit as much as you want, though a few exceptions apply. IRA contribution limits vary. It is your responsibility to ensure that you are not exceeding the contribution limits.
A: Generally you can withdraw up to the cash you have available in your account. Cash available to withdraw is the amount of money in your core or cash position. If you want to withdraw more than the cash you have available, you will need to place a trade to sell out of investment positions into cash. Note that if you are taking a retirement withdrawal, you should consider any applicable tax implications and penalties.
A: Wire transfers have a daily transfer limit of $100,000. Electronic funds transfers have a limit of $100,000 per transfer, and a $250,000 per day. If you need to transfer larger amounts, please contact a Fidelity representative at 800-343-3548 for assistance.
A: Use the Bank Wire Form to send an international wire transfer. If you have questions about this form or process, please contact a representative at 800-343-3548.
A: You can view your transfer status on the Pending Transfers page. You may also sign-up to receive status-update alerts via text messaging or email.
A: You may attempt to cancel a transfer if the transfer status is pending. You may view your transfer status on the Pending Transfers page.