If you’re looking to transfer your investments from Etrade to Fidelity, there are a few things you need to do to ensure a smooth transition.
First, you’ll need to gather some information about your Etrade account, such as your account number. Next, you’ll need to create an account with Fidelity if you don’t already have one.
Already have all the basics? Continue with the rest of the instructions below.
How to Transfer from Etrade to Fidelity
Step 1: Login to your Fidelity account.
Step 2: To initiate the transfer, you’ll need to complete the Transfer of Assets form.
Step 3: Select Etrade Financial as your current brokerage.
Step 4: Enter your Etrade account number and select your account type.
Step 5: Select the location where you wish to transfer your assets into. It could be an existing Fidelity account or you can create a new investment account with Fidelity.
Step 6: Next, pick between a full account transfer or a partial account transfer.
Step 7: Upload one of your Etrade account statements to Fidelity. This step is optional but recommended to speed up the transfer process.
Step 8: Confirm and submit your transfer request.
Once the form is submitted, Fidelity will then process the transfer and notify you once it’s complete.
How Long Does It Take To Transfer From Etrade to Fidelity?
Upon submitting your transfer of assets request form, Fidelity will give you an estimation.
On average, transferring from Etrade to Fidelity takes up to 7 days. It may take longer (up to 2 weeks) depending on the complexity of your account.
Feel free to use the Transfer Tracker tool to check your account status.
Does Etrade Charge a Fee for Transferring to Another Brokerage?
Etrade will charge $75 for an outgoing ACAT transfer. This means the fee will be deducted from your brokerage account.
Here’s how to get that fee refunded back to your account. Simply contact Fidelity and ask for a reimbursement. They will most likely give you a refund for the ACAT transfer fee.
💬 Community Discussion
Shannon R:
I tried E-trade and hated it. Their interface and charts are great, but their slippage (slow trade executions) and connectivity outages make it a no-go.
Had standing orders that would or would not execute and remained as force orders. Others had the same issue. Not a big deal if you’re swing trading, but if you plan on day trades, Etrade isn’t up to the task.
Julia C:
My favorite thing about Fidelity is that they will cover the ACAT fee, full or partial. I have transferred several investment accounts from Etrade and asked them to waive all fees each time and they always have.
Just give them a call. Fidelity customer service is amazing!
Diego
Diego, a seasoned financial analyst in New York, brings a decade of expertise to guiding financial decisions. As a blogger for UseFidelity.com, he simplifies finance, offering insights on Fidelity Investments. Beyond numbers, he explores NYC's culture and enjoys capturing moments through his photography.
