• How long does it take to establish EFT?
• When will my funds be available?
• What types of bank accounts are eligible for EFT?
• What types of Fidelity accounts are eligible for EFT?
• Are there restrictions on the amount of money that can be transferred via EFT?

How long does it take to establish EFT?

It only takes a few minutes to complete the EFT set up process. Our immediate funding option lets you set up EFT and immediately make a deposit to Fidelity.

After establishing EFT, it will take 7-10 business days before you can make a withdrawal from your Fidelity account. You can verify your bank's enrollment status on the Bank Information page .

When will my funds be available?

Deposits to your Fidelity account will be credited the same day if your request is received by 4:00 PM EST. Withdrawals are completed within 1-2 business days, but posting and availability may be longer, depending on your bank.

EFT deposits are generally not available for withdrawal or to purchase securities online for 4 - 6 business days.

EFTs are not processed on Saturdays, Sundays, or New York Stock Exchange and bank holidays.

What types of bank accounts are eligible for EFT?

• Your bank account must be a checking, NOW, non-passbook savings, or money market deposit account.
• At least one common name must match exactly between your Fidelity account and your bank account.
• Bank accounts include non-Fidelity investment accounts that accept ACH activity using a routing (or ABA) number and your account number.

What types of Fidelity accounts are eligible for EFT?

All Fidelity brokerage and mutual fund accounts are eligible for EFT, with the exception of self-employed 401(k) plans, Self-Directed Brokerage, SIMPLE-IRA, Keogh and non-prototype accounts. Trust and business accounts must establish the EFT service by completing a paper application.

Simplified Employee Pension (SEP) IRA and Inherited IRA accounts cannot accept contributions via EFT.

Are there restrictions on the amount of money that can be transferred via EFT?

Yes. Generally, Fidelity brokerage accounts have a maximum transfer amount of $100,000. Fidelity Fund accounts have a maximum transfer amount of $250,000 for deposits and $100,000 for withdrawals. Additional restrictions apply depending on your situation. You will be provided with an explanation of these and other terms of use during enrollment and/or usage of the service.