Fidelity is an excellent brokerage firm, but it might not be perfect for everyone. If you have an account opened with Fidelity but no longer wish to utilize any of their services, you can close it out.
Here are the steps you need to take if you want to deactivate your Fidelity account and close it for good.
- Sell all your trading positions. If you don’t want to sell your existing stocks, then make a transfer request. Move your current stocks out of Fidelity and into another brokerage.
- Withdraw your money from Fidelity back to your bank account.
- Call Fidelity customer support (800-343-3548) and ask them to close the account for you.
Of course! For individuals with multiple Fidelity accounts (cash management account, Roth IRA, etc.), you can choose to close a particular account without having to delete everything.
To cancel one of your Fidelity accounts, you have to call Fidelity and let them know which one to cancel and they will close it for you.
Good new! Fidelity does not charge account closure fees.