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.
How do I get my money out of my Fidelity account? ›
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. ...
- Tip 1: Plan Ahead for Withdrawals. ...
- Tip 2: Be Aware of Tax Implications.
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.
How does Fidelity hardship withdrawal work? ›
To apply for a hardship withdrawal, participants must typically demonstrate an immediate and heavy financial need. This can include medical expenses, tuition fees, home buying costs, or prevention of eviction. Documentation verifying the need may be required, such as medical bills or proof of impending foreclosure.
How much does Fidelity charge to withdraw? ›
Basic withdrawals cost $0, but there may be exceptions
| Broker | Withdrawal fee | Domestic bank withdrawal |
|---|
| Fidelity | $0 | $0.0 |
| E*TRADE | $0 | $0.0 |
| TD Ameritrade | $0 | $0.0 |
May 14, 2024
Transfers out of a Fidelity account
| Method | time |
|---|
| Electronic funds transfer to your bank | 1–3 business days |
| Bank wire to your bank | Same day1 |
| Paper check | 5–6 days |
| Digital payments (Venmo/PayPal) | Same day1 |
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.
Why can't I withdraw cash from my account? ›
Account Balance: Verify that you have sufficient funds in your account to cover the withdrawal amount you're trying to make. Overdrawing your account can lead to transaction failures. Daily Limits: Most banks impose daily withdrawal limits on ATM transactions. Check if you've exceeded your daily withdrawal limit.
Why can't I withdraw money from my investment account? ›
Following a sale in your investing or retirement account for equities or options, the transaction usually needs to settle before you can withdraw the proceeds to your bank account. The settlement period for equities is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement.
Can you transfer money from Fidelity to a 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.
What Proof Do You Need for a Hardship Withdrawal? You must provide adequate documentation as proof for your hardship withdrawal. 2 Depending on the circ*mstance, this can include invoices from a funeral home or university, insurance or hospital bills, bank statements, and escrow payments.
Do I need to show proof for hardship withdrawal? ›
You do not have to prove hardship to take a withdrawal from your 401(k). That is, you are not required to provide your employer with documentation attesting to your hardship.
Does Fidelity require proof for hardship withdrawal? ›
Hardship withdrawals may require documentation and plan sponsor approval. For most other types of distributions (such as cash or roll- over) find the appropriate forms at fidelity.com/atwork.
Can I withdraw all my money from Fidelity bank? ›
ATM withdrawals: 8 times daily with a cumulative transaction limit of ₦150,000 or its equivalent in any currency if the transaction is done abroad.
At what age is 401k withdrawal tax free? ›
401(k) withdrawals after age 59½
Once you reach 59½, you can take distributions from your 401(k) plan without being subject to the 10% penalty. However, that doesn't mean there are no consequences. All withdrawals from your 401(k), even those taken after age 59½, are subject to ordinary income taxes.
Can I just withdraw money from my 401k? ›
Yes, you can withdraw money from your 401(k) before age 59½. However, early withdrawals often come with hefty penalties and tax consequences. If you find yourself needing to tap into your retirement funds early, here are rules to be aware of and options to consider.
Can you transfer money from Fidelity account to 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 withdraw from Fidelity online? ›
Withdrawals can be initiated online using the “Withdraw from your IRA” button, with your choice of how to receive the money: Electronic funds transfer (EFT) to your bank (instructions must already be on file). Link your bank now.
Can I withdraw all my money from Fidelity Bank? ›
ATM withdrawals: 8 times daily with a cumulative transaction limit of ₦150,000 or its equivalent in any currency if the transaction is done abroad.
Is there a penalty for withdrawing from a brokerage account? ›
A brokerage account is an investment account from which you can purchase investments such as stocks, bonds and mutual funds. You can add money to a brokerage account similar to the way you deposit funds into a bank account. Brokerage accounts have no contribution limits or early withdrawal penalties.
