Mobile Deposit Clearing Times

Happy Friday! It sounds like you made a recent deposit into one of your accounts! Electronic Funds Transfers (EFTs) and mobile check deposits can take anywhere from 2-6 business days to fully collect. Depending on what you’re looking to use the funds for, you may be able to access them before they’re completely collected. To alleviate the trouble of having to wait for collection, Fidelity generally allows clients to trade with uncollected funds. If you look in your “Balances” tab, you will see a section titled “Cash available to trade.” You’re allowed to use the amount shown to trade, despite some possibly being uncollected. Please note you may encounter a warning message if you go to place a trade with uncollected funds. The warning message appears to alert clients that buying a security with unsettled funds and selling it before the post date could potentially trigger a Good Faith Violation. Although the warning will appear, you can still place a trade. Check out this link for more information about cash trading violations: https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations If you’re looking to withdraw the funds or transfer them to a different Fidelity account, you will have to wait until they’re fully collected and showing as “Available to withdraw.” You can generally check on when the funds will be collected by clicking “Accounts & Trade” and then selecting “Cash Management” from the dropdown menu. Here you can view your “Upcoming activity” and “Transactions.” In case you need access to funds quickly in the future, wire transfers and direct deposits into Fidelity accounts are available immediately upon being received. Fidelity does not charge fees to send or receive wire transfers, but other institutions may. You can learn more about our deposit methods below. Ways to deposit money into an account: https://www.fidelity.com/customer-service/deposit-money Let us know if we can help with anything else! 🟢