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
Withdrawing money from Fidelity - a step-by-step guide
Go to 'Accounts & Trade', 'Portfolio', then select 'Transfer'. Select the withdrawal method you want to use. Select your Fidelity account as 'Transfer from'.
Why is my cash not available to withdraw from Fidelity? ›
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.
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.
How to withdraw money from a retirement account? ›
Wait to Withdraw Until You're at Least 59.5 Years Old
By age 59.5 (and in some cases, age 55), you will be eligible to begin withdrawing money from your 401(k) without having to pay a penalty tax. You'll simply need to contact your plan administrator or log into your account online and request a withdrawal.
What is the cash withdrawal limit for Fidelity? ›
(A) Daily Limitation: A total, aggregate, combined daily withdrawal limitation of $2,500.00 exists on all ATM/Debit cards. Within this limitation, there are two categories: cash withdrawals and purchases. A $400.00 daily cash withdrawal limitation exists for ATM/Debit cards.
Is it free to withdraw money from Fidelity? ›
Use your Fidelity® Debit Card to make purchases or get cash anywhere you see the Visa®, Plus®, or Star® logos. All ATM withdrawal fees reimbursed with a cash management account.
Does it cost money to transfer out of Fidelity? ›
Move money into or out of your Fidelity account with ease, and in most cases, no cost. To start, choose how you want to move your money, and we will help you decide the right money transfer for you.
How to take money out of a brokerage account? ›
Can you pull money out of a brokerage account? Yes, you can pull money out of a brokerage account with a bank account transfer, a wire transfer, or by requesting a check. You can only withdraw cash, so if you want to withdraw more than your cash balance, you'll need to sell investments first.
What bank does Fidelity use? ›
The Fidelity® Debit Card is issued by Leader Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company.
Why can't I withdraw my retirement money? ›
Generally speaking, you can't withdraw from a workplace retirement plan until one of the following happens: You leave your job due to death or become disabled. The plan is terminated and isn't replaced by a new one. You reach age 59 ½
You can withdraw money from your IRA at any time. However, a 10% additional tax generally applies if you withdraw IRA or retirement plan assets before you reach age 59½, unless you qualify for another exception to the tax.
How much money can I withdraw from my retirement account? ›
The 4% rule is a strategy that says you should withdraw 4% of your retirement savings in your first year of retirement. In subsequent years, tack on an additional 2% to adjust for inflation. For example, if you have $1 million saved under this strategy, you would withdraw $40,000 during your first year in retirement.
Can I withdraw from Fidelity without penalty? ›
Withdrawing investment funds early to pay a high medical expense or make a qualifying home purchase is enough to get an early withdrawal penalty fee waived.
Can I take money out of my Fidelity Go account? ›
Contributions are made with after-tax money and any potential earnings grow tax-free. Additionally, you're able to withdraw your contributions tax-free and penalty-free at any time, for any reason. Earnings can be withdrawn without taxes or penalties as long as they are eligible.
How to withdraw money from Fidelity bank? ›
How Do I request my contribution or make withdrawals from my savings account?
- You would need to initiate the withdrawal on your phone, and the request would be validated and payment made within 48 hours (maximum)
- Select Withdrawal on the M.O.P menu and follow the prompt . Wait for a customer service officer to call you.
There are no tax "penalties" for withdrawing money from an investment account. This is because investment accounts do not receive the same tax-sheltered treatment as retirement accounts like an IRA or a 403(b). There are also no age restrictions on when you can withdraw from your investment account.
