You can withdraw money from your Fidelity brokerage account and:
- Transfer it to another account you own using the Fidelity Electronic Funds Transfer account service, or
- Have the money sent to your mailing address via check.
For information about transferring money between your Fidelity and bank accounts, see Transferring Money or Shares.
- From what kinds of accounts can I withdraw money?
- Are there any fees for requesting a check?
- Is there a penalty for withdrawing my money?
- The address that appears for me is wrong. How do I change it?
- If I change the address on my account, how long must I wait to make a withdrawal by check?
- What's the maximum I can request to withdraw from my account?
- What are the minimums and maximums for online cash transfers?
- How long will it take for me to receive my check?
- Can I have a withdrawal sent by check to someone other than me?
Related Help Topics
From what kinds of accounts can I withdraw money?
You can withdraw money via check from most non-retirement accounts. On Portfolio Summary, select Withdraw Money from the Select Action drop-down box. There are some restrictions which may prevent withdrawals from being requested online. These restrictions are in place to protect customers.
Are there any fees for requesting a check?
No fees are assessed for requesting a distribution from your account in the form of a check. If a mutual fund is sold in order to honor your request, however, fees may apply.
Is there a penalty for withdrawing my money?
No penalties are assessed for withdrawing your money from your non-retirement account via check.
The address that appears for me is wrong. How do I change it?
To change the address to which a check will be sent, first update your mailing address by clicking Update My Mailing Address. Once you update your mailing address, return to the Withdraw Money screen and process your request. To protect against fraud, after you change your address, the amount you can withdraw online is reduced.
If I change the address on my account, how long must I wait to make a withdrawal by check?
If you've changed the address on your account, you don't have to wait to make a withdrawal by check. However, to protect against fraud, if you've changed your mailing address within the past 15 days, the most you can request to withdraw by check online is $10,000.
What's the maximum I can request to withdraw from my account?
The maximum you can request to withdraw from your account online or by telephone is $100,000 per account. To request a withdrawal greater than $100,000, you must complete a paper form. You can obtain a copy of that form by going to Customer Service > Find a Form, or by contacting a Fidelity representative at 800-544-6666. If you've changed your mailing address within the past 15 days, the most you can request to withdraw by check online or by telephone is $10,000.
What are the minimums and maximums for online cash transfers?
The minimum amount for a brokerage account transfer is $10. The maximum transfer into your Fidelity brokerage account is $100,000. The minimum amount for a Portfolio Advisory ServicesSM (PAS) account transfer is $250. You cannot request to withdraw more than 25% of your Portfolio Advisory Services account's net worth.
How long will it take for me to receive my check?
Depending upon mail delivery in your area and the type of account from which you are withdrawing money, it generally takes between three to five days to receive your check once you've requested it.
Can I have a withdrawal sent by check to someone other than me?
At this time, online requests for a withdrawal by check can only be sent to your address of record and may be payable only to the account owners on file.
Related Help Topics
FAQs
Go to Fidelity.com/movemoney or call 800-343-3548. Use this form to make a one-time withdrawal from your nonretirement Brokerage or Mutual Fund Only account. Do NOT use this form for retirement accounts, annuities, 529 college savings plan accounts, or ABLE accounts.
How do I withdraw my money from Fidelity? ›
What Are the Steps to Withdraw Money from a Fidelity Brokerage Account?
- Step 1: Log in to Your Fidelity Account. ...
- Step 2: Navigate to the Withdraw Funds Page. ...
- Step 3: Choose the Account and Amount to Withdraw. ...
- Step 4: Confirm the Transaction.
However, the money is not generally available for withdrawal for 4 to 6 business days. Generally, 7-10 business days after establishing Electronic Funds Transfer on your account, you can begin to withdraw money from, as well as deposit to, your Fidelity account using Fidelity.com.
Can I transfer money from my Fidelity account to my bank account? ›
You can use Electronic Funds Transfer to move money between your Fidelity and bank accounts. For information about contributing to or withdrawing from your IRA, see IRA Contributions and IRA Withdrawals.
Can I close my Fidelity account and get my money? ›
Fidelity may require you to confirm your decision via email or phone call for security purposes. Once the closure request is confirmed, any remaining funds in the account will be transferred to your designated bank account within a specified timeframe.
What is the cash withdrawal limit for Fidelity? ›
(A) Daily Limitation: A total, aggregate, combined daily withdrawal limitation of $2,500.00 exists on all ATM/Debit cards. Within this limitation, there are two categories: cash withdrawals and purchases. A $400.00 daily cash withdrawal limitation exists for ATM/Debit cards.
Is it free to withdraw money from Fidelity? ›
There are several ways to withdraw your money, including bank transfers. In most cases, you can get your money back within 2 days. Fidelity charges $0 for basic withdrawals, but some methods may cost more.
How long does it take for funds to be available to withdraw? ›
Generally, a bank must make funds deposited by cash in person to a bank employee available for withdrawal by the next business day after the banking day on which the cash is deposited.
Why can't I withdraw money from my investment account? ›
The main reason is that your money is presumably invested and not available as cash. Fortunately, it's not too difficult to get the hang of this process. Once you learn how to withdraw money from a brokerage account, you'll be able to access your money when you need it.
Can you withdraw money from a Fidelity Go account? ›
Contributions are made with after-tax money and any potential earnings grow tax-free. Additionally, you're able to withdraw your contributions tax-free and penalty-free at any time, for any reason. Earnings can be withdrawn without taxes or penalties as long as they are eligible.
How Do I request my contribution or make withdrawals from my savings account?
- You would need to initiate the withdrawal on your phone, and the request would be validated and payment made within 48 hours (maximum)
- Select Withdrawal on the M.O.P menu and follow the prompt . Wait for a customer service officer to call you.
Program Banks as of 06/09/2024 are: CITIBANK NA. ASSOCIATED BANK NA. CIBC BANK USA.
Does Fidelity charge a fee to transfer an account? ›
Our online transfer process is simple, secure, and free: Transfer your assets in five days or less for identically registered accounts. Online Transfer of Assets form lets you complete the authorization process electronically. Fidelity can take care of the rest of the process for you.
How do I get my money out of Fidelity? ›
Withdrawal options
- Electronic funds transfer (EFT) to your bank (instructions must already be on file). ...
- Bank wire to your bank of choice.
- Paper check sent via US Mail.
- Move cash to a Fidelity non-retirement account.
401(k) withdrawals
Pros: You're not required to pay back withdrawals and 401(k) assets. Cons: Hardship withdrawals from 401(k) accounts are generally taxed as ordinary income. Also, a 10% early withdrawal penalty applies on withdrawals before age 59½, unless you meet one of the IRS exceptions.
Why is Fidelity holding my money? ›
The hold period is the temporary hold Fidelity places on your funds to help reduce the risk of fraud. Hold times often vary based on the amount you are transferring. After the hold time is complete, your funds will be fully available to transfer or withdraw.
How do I cash out my stocks on Fidelity? ›
How To Cash Out Stock On Fidelity?
- Log In To Your Fidelity Account. ...
- Navigate To Your Stock Holdings. ...
- Select The Stocks You Want To Cash Out. ...
- Choose The Cash Out Option. ...
- Review And Confirm Your Transaction. ...
- Sell Your Stocks Through A Brokerage Firm. ...
- Transfer Your Stocks To Another Brokerage.
How Do I request my contribution or make withdrawals from my savings account?
- You would need to initiate the withdrawal on your phone, and the request would be validated and payment made within 48 hours (maximum)
- Select Withdrawal on the M.O.P menu and follow the prompt . Wait for a customer service officer to call you.
Can you pull money out of a brokerage account? Yes, you can pull money out of a brokerage account with a bank account transfer, a wire transfer, or by requesting a check. You can only withdraw cash, so if you want to withdraw more than your cash balance, you'll need to sell investments first.
