Fidelity accounts provide investors with an array of options when it comes to money management and saving. These accounts offer a convenient way to save, manage and grow their money while providing peace of mind when it comes to protecting their hard-earned assets. The types of investments that can be made through a Fidelity account vary depending on the type of account one holds. Some accounts are strictly for investing in stocks, bonds, mutual funds, exchange-traded funds, and other options. Other accounts may provide access to annuities, tax-advantaged investments, and college savings plans. Money can be transferred into a Fidelity account easily, with several payment options available.
There is a possibility that you may also wish to know about the correct method for it. Keep on reading as there are several ways available to complete the same. Let’s have a look!
Ways to consider for adding money to a Fidelity account:
Send money to or from a bank account with an electronic funds transfer (EFT):
Electronic Funds Transfer (EFT) is a digital way to transfer funds from one bank account to another. It provides the convenience of making payments or moving funds from one bank account to another without having to pay with cash, check, or other physical payment methods. With EFT, you can quickly and easily send money to or from a bank account via a secure online system.
When you use EFT to send money, it takes only a few minutes to complete the transaction. All you need is the recipient’s bank account number and a reference number, which is provided when you initiate the transfer. Once you enter the information into the system, the money will be transferred almost instantly, ensuring that the recipient will get the funds in their account in no time.
EFT is a secure way to transmit money and works great for both one-time transfers and recurring payments. Whether you need to transfer money to a family member, pay a bill, or make a purchase, EFT is the perfect solution.
Wire money from a bank or third-party account:
Wire money is an easy and secure way to transfer funds between banks, brokerages, or other financial accounts. When you wire money into a Fidelity account, the funds can be available almost immediately. It’s a good option if you want to move large amounts of money quickly—or if you already have money in another account and you need to move it to Fidelity to take advantage of investments or other services.
When you add money to your Fidelity account from an external account, your bank, credit union, or other third-party accounts may need to verify the details of the transfer. The process usually takes about 24 to 48 hours, depending on who you are banking with. Once your third-party account has been verified, the funds are transferred and can be added to your Fidelity account.
Deposit a check via mobile upload or mail a paper check:
Depositing a check via a mobile upload or mailing a paper check is one of the easiest ways to add money to a Fidelity account. By using a mobile upload, you can easily and quickly transfer funds from your checking account to your Fidelity account. This method is convenient and secure and requires only the routing number and account number of the check. You can even take a photo of the front and back of the check using your smartphone and upload it directly to Fidelity. If you elect to mail a paper check, simply make the check out to Fidelity and mail it in. Fidelity will accept personal and money order checks, however, certified checks must be purchased from a Fidelity representative. Whichever method you choose, you can be sure that your funds will be safe and secure with Fidelity.
Transfer money from one Fidelity account to another:
Transferring money from one Fidelity account to another is a great way to add money to the Fidelity account. It is a fast and easy process and can be done with just a few clicks. This method is useful for customers who have multiple Fidelity accounts and need to move money from one to the other. It can also be in use to transfer single or multiple payments from one account to another. It is an efficient way for customers to keep track of their funds across multiple accounts.
Transfer money via a third-party payment app like Venmo or PayPal:
Venmo and PayPal are two of the most popular third-party payment apps and offer a secure and convenient way to transfer funds to your Fidelity Account. To use these platforms for transferring money, you’ll need to first link your Fidelity Account to your selected payment app. After this is done, you can simply move funds from your Venmo or PayPal account to your Fidelity Account with a few clicks.
Conclusion:
Adding money to a Fidelity account is quite simple and one needs to adapt to the right steps for it. There will be no need for users to go into any complicated steps to complete the process of transferring or adding money to a Fidelity account.