My cash balance doesnt work fidelity youth
Summary of User’s Issue and Solutions Discussed:
- The main problem reported by the user is that their cash balance shows as 0 despite the recent deposit no longer being pending.
- It was suggested that funds take time to appear in the cash balance and that the user should check if their account value is the same as their cash balance.
- The user was advised to use the website version of the service, as it updates more frequently and is less prone to glitches compared to the app.
- Fidelity explained that there are collection periods for deposits, and the user can find specific timelines for their deposits on the Fidelity website.
- To avoid collection periods in the future, the user was informed that bank wires and direct deposits are fully collected upon receipt.
Here’s the full thread
My cash balance still says 0 even though my deposit is not pending anymore. do i need to transfer the money in any way for it to get in my cash balance
Im not quite sure what your asking but after depositing money, you must wait a few days before it appears in your cash balance. Hope this answers your question.
yeah so it says my recent deposits and its no longer pending but im wondering if my account value automatically is also my cash balance
Your account value is determined by total investment values + core position (cash, probability in the form of SPAXX). But account value ≠ cash. What account type do you have? Also if you haven’t tried using the website version yet I would recommend it as it updates more often and is less glitchy.
lk
ok
i have a youth account
Do you use the app? Ive found that the youth app is very very glitchy.
Fun fact: you can log into the regular app with a youth account
yes i fogured it out thanks the website is so much more informative then the app i have to wait another 2 days though
👍
Hey there, @nadermaroj. Thanks for joining us this morning. We’ll be happy to discuss this with you.
Essentially, the situation you’ve described sounds like a case of the funds in question not quite being collected yet. Upon the receipt of funds to your Fidelity account, there are associated collection periods dependent on the deposit method you’ve used. During the collection period, the funds are not available to withdraw from the account. However, Fidelity allows clients to place trades for most securities online with uncollected funds immediately, subject to security type and up to certain dollar limits.
To review these timeframes, Electronic Funds Transfers (EFT) can take 2 to 6 business days (not including weekends or holidays) to fully collect, and check deposit collection periods can vary, but tend to fall along this same time period.
Luckily, you can see exactly when your deposit is expected to be collected on Fidelity.com by following the steps below:
1. Click “Accounts & Trade” in the top left corner and select “Cash Management” in the dropdown
2. Choose your specific account in the left column
3. Review the “Upcoming Activity” tab
In the future, if you wish to avoid collection periods altogether going forward, bank wires and direct deposits are fully collected upon receipt. You can review our full list of deposit methods through the link we’ve included below.
Depositing Money into Fidelity: https://www.fidelity.com/customer-service/deposit-money
Make sure to keep us in the loop if you have any lingering questions for us! 🟢
thanks i found it