Easily and Quickly Transfer Money to a Fidelity Brokerage Account

by | Dec 14, 2023 | Fidelity IRA | 11 comments

Easily and Quickly Transfer Money to a Fidelity Brokerage Account




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How To Transfer Money To A Fidelity Brokerage Account

In this video, Justin talks about how to transfer money to your Fidelity brokerage account. This is a SIMPLE, step by step tutorial with no fluff or nonsense.

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Transferring money to a Fidelity brokerage account is a quick and easy process that can be done in just a few simple steps. Whether you are looking to fund your account to start investing or need to transfer funds for other purposes, Fidelity offers a variety of convenient options for transferring money into your brokerage account.

One of the fastest and easiest ways to transfer money to your Fidelity brokerage account is through electronic funds transfer (EFT). This option allows you to transfer funds directly from your bank account to your Fidelity account with just a few clicks. To set up EFT, you will need to link your bank account to your Fidelity account. Once linked, you can initiate transfers online or through the Fidelity mobile app. Most EFT transfers are processed within one to three business days, making it a quick and efficient way to fund your brokerage account.

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Another option for transferring money to your Fidelity brokerage account is by wire transfer. Wire transfers are a same-day method of transferring funds and are often used for larger transactions or for expedited transfers. To initiate a wire transfer to your Fidelity account, you will need to provide your bank with Fidelity’s wire transfer instructions, including the account number and routing number. Keep in mind that wire transfers may be subject to a fee, so it’s important to check with your bank or Fidelity for any associated charges.

If you prefer to transfer funds using a physical check, you can simply mail a check to Fidelity for deposit into your brokerage account. Be sure to include your account number and any specific instructions with the check to ensure proper crediting to your account. While this method may take a bit longer than electronic transfers, it is still a viable option for funding your Fidelity brokerage account.

In addition to these options, Fidelity also offers the ability to transfer funds from other financial institutions, such as mutual funds, banks, or other brokerage accounts. This can be done through a process called an Asset Transfer, where your existing investments are transferred to your Fidelity account. This method may take a bit longer to process, but it provides a seamless way to consolidate your assets in one place.

No matter which transfer method you choose, Fidelity offers a secure and efficient way to fund your brokerage account. With the convenience of online and mobile banking, you can easily initiate transfers and manage your account from anywhere. Additionally, Fidelity’s customer service team is available to assist with any questions or concerns you may have about transferring money to your account.

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In conclusion, transferring money to a Fidelity brokerage account is fast and easy thanks to the variety of convenient options available. Whether you prefer to transfer funds electronically, through a wire transfer, or by check, Fidelity provides a seamless process for funding your account. With these options, you can quickly and efficiently transfer money to your Fidelity brokerage account and start taking advantage of the investment opportunities available to you.

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11 Comments

  1. @lanaslv32

    Great video tks !

  2. @Jnaboh

    Why is the money there right away and ready to trade for you and not me? Higer Balance, Margin? I dont ubderstand why in this day and age of technical ease, it takes 6 days or even 3? A little interest being accrued by someone with my money. Maybe not. Tell me, please.

  3. @d3bjohn

    Thanks for the video. When attempting to transfer money from a linked bank account to my brokerage account, I am asked to put the funds into an existing account (e.g. mutual fund) or into a new fund, with a search option available. Your video suggests that funds just transfer into the account without being allocated to an existing or new fund.

  4. @yshurunayly6560

    If this is a managed brokerage account will the available funds be automatically used for purchase of stock?

  5. @theripper791

    This is a big black guy for Fidelity. I opened an account and then a week later I deposited a cashiers check at a local branch office for $100,000. At the branch office I was told the deposit would be posted on my account that day, and I would be able to invest. When I tried to purchase stock I ran into the same problem that my funds would not be available for one week. I have never heard of a financial institution such as an online brokerage firm with this practice. I have deposited larger sums with other online brokerage firms that didn’t do this. Fidelity should do a better job with this annoyance. They have a great platform, But no one likes this kind of a surprise. Shame on you Fidelity. At least disclose it plainly before anyone makes a deposit.

  6. @nancykramer7700

    You say that you can use it right away but Fidelity says 4 to 6 days which is ridiculous for an ACH

  7. @lj4001

    My problem is trying to move my money from my CMA to my brokerage Acct within Fidelity, I already have a bank Acct linked.
    But it doesn’t give me option to move to my brokerage Acct.
    Any suggestions?

  8. @thedivinechef

    Thank you for the easy informative video. I really appreciate it. Have a great day!

  9. @vinwolf1515

    Quick and easy as usual!

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