You started transferring money from your bank account to your Fidelity brokerage account. Now, you’re probably wondering when those funds will be available for trading.
In this guide, we’ll show how you can check the settlement status of your cash transfer and understand the collection periods for Electronic Funds Transfers (EFT) with Fidelity.
Fidelity EFT Collection Periods
Different deposit methods come with varying collection periods. Electronic Funds Transfers (EFT) are one such method, and you should be aware of how long it might take for the funds to fully collect in your account.
Here’s a breakdown of the collection periods for EFT with Fidelity:
| Deposit Method | Collection Period |
|---|---|
| Electronic Funds Transfers (EFT) | 2 to 6 business days |
EFT transactions can take anywhere from 2 to 6 business days to fully collect in your Fidelity account. This time frame is standard for such transfers and allows Fidelity to process and verify the funds.
Checking Cash Transfer Settlement Status on Fidelity
Here’s how to monitor the settlement status after initiating a cash transfer in your Fidelity account.
Step 1: Log In to Your Fidelity Account
Head to the official Fidelity website and log in using your credentials.
Step 2: Access Accounts & Trade
Click on Accounts & Trade located in the top left corner of the dashboard.
Step 3: Select Cash Management
From the dropdown menu, select Cash Management.
Step 4: Choose Your Specific Account
In the left column, select the specific account related to your transfer.
Step 5: Review Upcoming Activity Tab
This tab provides a comprehensive overview of the upcoming activities, including the expected settlement date of your transfer.
Speed Up the Process: Bank Wires and Direct Deposits
If you’re in a hurry to get your funds into your Fidelity account, there are alternative methods that bypass the collection period.
Bank wires and direct deposits are fully collected upon receipt. This means that once the transfer is initiated, the funds are typically available for trading immediately on Fidelity.