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Fidelity Withdrawal Fee and Terms. How To Transfer Money Out of Brokerage Account.


2019 Fidelity Investments withdrawal fee, transfer funds to bank options, terms for moving cash, getting money out of brokerage account by ACH, wire transfer, debit card, ATM, and check.



Fidelity ACH Withdrawal Terms


If you want to withdraw the cash balance from your Fidelity brokerage account, there are several choices available to you. The first and most commonly used option is to electronically move funds from Fidelity to an external bank account. Using this Automated Clearing House system is free and takes between one and two business days to complete. The broker’s cutoff time is 4 pm, EST.

An external account must first be linked to your Fidelity securities account before a transfer can be initiated. If you have more than one Fidelity account, such as a trading account and a Cash Management Account, each account must have separate connections.


Fidelity Wire Transfer Withdrawal


Fidelity also offers a wire service. There is a $10 fee for choosing this method, but funds are delivered on the same business day; so if you’re in a hurry, this could be the better option. The receiving bank may charge its own fee on top of Fidelity’s.

A wire transfer can be used to send money to a financial institution located outside the U.S., whereas the ACH system only works with American-based institutions. Certain accounts are ineligible for Fidelity’s wire service. These include health savings accounts, 529 plans, annuities, and BrokerageLink accounts.

See who are main Fidelity Competitors »

Up to $100,000 can be moved by wire transfer or ACH using Fidelity’s on-line form. Larger transfers must be done over the phone with a representative.


Competitors


Broker Review Stock/ETF
Commission
Mutual Fund
Commission
Maintenance
Fee
Annual IRA
Fee
Promotion
Offer
Firstrade $0 $0 $0 $0 $0 commissions + up to $200 in transfer fee rebates.
Ally Invest $4.95 $9.95 $0 $0 Up to $3,500 cash bonus + commission free trades for new accounts.
TD Ameritrade $6.95 $49.95 $0 $0 Trade free for 60 days + get up to $600.


Fidelity Money Transfer By Check


Another option that Fidelity provides for withdrawing funds is to request a paper check. The broker’s website has a convenient on-line form that can be used. It takes three to five business days for the broker to mail the check from the time the request is processed. This is one of the slowest options available.

A much faster method is to request a cashier’s check. Fidelity will send it using overnight delivery for only a $10 charge. Gold-level account holders don’t have to pay the fee.


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Other Options To Transfer Money Out of Fidelity Account


Bill pay is available at Fidelity free of charge. It can be used either with a regular brokerage account or with the company’s Cash Management Account. This method will withdraw funds from an account’s core cash position to pay many different types of bills.

Fidelity offers automatic withdrawals free of charge. A regular withdrawal schedule could be established to move funds to another Fidelity account or an external bank account. The broker will even send out a monthly paper check instead of moving funds electronically. This option would be a good choice for retirement account holders who are required to take periodic distributions.

Last but not least is Fidelity’s very generous cash management policies for brokerage account holders. The firm offers checks and a Visa debit card free of charge. It’s easy to add them to a trading account using the Fidelity website or simply calling a representative. They can be used to withdraw funds, and the broker’s Cash Management Account offers ATM fee rebates.