Recurring Purchases For ETFs
Here’s a summary of the main issue and solutions discussed:
- Main Problem: The user, N₿Aneil, is unable to find the option for creating recurring purchases for ETFs in the Fidelity app, despite being able to do so on the website.
- Solution Provided: FidelityCaitlin confirmed that recurring investments can be established in the app by tapping on “Transact” and selecting “Recurring transfers & investment.” Users can choose the frequency and date for trades.
- Additional Clarification: FidelityShawn noted that users must have an existing position in an ETF or stock to set up recurring purchases.
- Feedback Submission: FidelityShawn also mentioned that there are currently no plans to add daily frequencies for recurring purchases or to include recurring purchases for crypto but will submit these inquiries as feedback.
Here’s the full thread
I’m able to create recurring purchases for ETFs on the Fidelity website but I don’t see the option to do it in the Fidelity app. Is there a way to do it in the app? If not, is this something we can expect to be added in the future? Thank you.
Great news, @N₿Aneil! You can establish recurring investments through the mobile app.
To do so, tap on Transact, and select Recurring transfers & investment. From there, you’ll be able to select the frequency (weekly, every two weeks, or monthly) and the date on which you’d like the trade to occur.
Please let us know if you have any other questions about this new feature! 🟢
Thanks! I’m hearing you can only do this if you have an already existing position in an ETF or stock. Is this true?
Also, are there plans to add a daily frequency for the recurring purchases?
Are there plans to add recurring purchases for crypto?
Thank you for the follow-up questions. You are correct that you must have an existing position.
As for plans to add daily frequencies for recurring purchases and to add recurring purchases for crypto, we have not been told anything at this time. I will submit these questions as feedback for you.
If you have additional questions, please let us know. 🟢