Learn about Fidelity cash management features, including rewards, high-interest cash options, and maximizing account benefits.
Here’s a summary of the main problem reported by the user and the solutions discussed: Main Problem: Carlito wants to know if dividends from FidFolio baskets are reinvested back into the basket or into the stock that generates the dividend. Solution: Fidelity representatives clarified that currently, dividends received from securities are sent to the core…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is that their deposit has been uncollected for 8 days. Fidelity explained that collection periods for deposits vary based on the method used, with Electronic Funds Transfers taking 2 to 6 business days and bank wires typically processed within 1 business…
Summary: The main problem reported by the user is the inability to withdraw funds from their Roth IRA, as they see that there is $0 available to withdraw. The solution discussed includes checking if recent deposits are still collecting, as it may take 2 to 6 business days for funds to become available for withdrawal….
Summary: The main problem reported by the user, Cheez, is a desire to understand the nuances of ETFs, including risks associated with managing firms, oversight, and how dividends work. FidelityMichaela responded by offering access to a variety of resources on ETFs available in the Fidelity learning center. Links to additional articles were provided that discuss…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user is inquiring about the time it takes for mobile deposits to clear for their Cash Management Account and Fidelity Brokerage Account. Solution: Mobile check deposits and Electronic Funds Transfers (EFTs) can take 2-6 business days to fully collect….
Summary of User’s Issue and Solutions: The main problem reported by the user, MikefromBefore, was that he could not log into his account due to incorrect credentials, despite confirming that his account exists and is accessible from the Fidelity site. Mike used the “Forgot UN” option, but the system could not locate his account. Fidelity’s…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user, Genkidin, is confused about the ability to trade penny stocks on a cash management account, as they received conflicting messages about whether penny stock trading is enabled. Solution: Fidelity representative clarified that Cash Management Accounts (CMAs) are not…
Summary of User’s Issue and Solutions Discussed: Main Problem: The user, Zucce05, reported that a money transfer to their Fidelity trading account has not settled after several days, preventing them from accessing the funds to pay bills. Solution Provided: Fidelity representative explained that electronic fund transfers can take 2 to 6 business days to fully…
Summary: The user is experiencing a low annual percentage yield (APY) with their local bank and is considering using SPAXX for better cash management. Fidelity offers two account types, the Cash Management Account (CMA) and the Brokerage Account, both of which provide debit card access and have no maintenance fees or minimums. SPAXX can be…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user is unable to withdraw money from their new account, receiving a message stating that withdrawals are not possible. Solution: The inability to withdraw may be due to a collection period for recently deposited funds, which typically lasts 2 to 6…
Summary of User’s Concerns and Solutions Discussed: The user is struggling to fill out the EFT form due to difficulties locating their routing and account numbers for their IRA account. Fidelity support directed the user to a link for finding routing and account numbers, which requires logging in to their Fidelity account. Once the EFT…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is that they have not received the $50 reward for activating their Fidelity youth account, which was created on December 17th. Other users mentioned that their rewards took about a week to appear. It was suggested to check if the reward…
Summary of User Issue and Solutions: Main Problem: The user is experiencing issues with the Xbox checkout page, which states that the expiration date and name on their debit card are incorrect, despite entering the information correctly. Solution: The user should log into Fidelity.com, navigate to “Accounts & Trade,” then “Cash Management” to check if…
Summary of User’s Concerns and Solutions: Main Problem: The user needs to fund their individual brokerage account but is confused because the account is labeled as the funding account for their crypto account, and they want to short-sell Boeing quickly. Solution: To short-sell, the user must enable the margin feature on their brokerage account, which…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user is seeking confirmation that monthly auto-pay transactions for the Fidelity Visa card from their Cash Management Account (CMA) will utilize self-funded overdraft protection and pull funds from their brokerage account as needed, since the CMA balance will often be lower…
Summary of the User’s Issue and Solutions Discussed: The main problem reported by Ethan is the discrepancy between his account balance ($85) and the amount available for investment ($100), despite having deposited $100 into his account. FidelityLinsey explains that this could be due to a collection period for recently deposited funds, which can take 2…
Summary of the user’s inquiry and responses: Main Problem: The user, Speissofcake, is seeking to send payment requests via Venmo or PayPal from their business account but cannot find an invoicing option. Solution 1: Fidelity representatives clarified that only non-retirement individual accounts are eligible for digital payments like Venmo and PayPal, and business accounts do…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user, jce, inquired whether the money in their Fidelity core accounts is FDIC insured. The user received confirmation from another participant that funds are indeed FDIC insured. A Fidelity representative explained that Fidelity offers an FDIC Insured Deposit Sweep…
Here’s a summary of the main issue and solutions discussed: Main Problem: The user is unclear if their idle cash will automatically go into the auto-sweep when opening a Roth account and how to change the core position to specific money market funds. Solution: Fidelity accounts automatically establish a core position for processing cash transactions…
Summary: The main problem reported by the user is the desire to open a brokerage account for their LLC with Fidelity. Fidelity suggested considering the Fidelity Account for Businesses, which is suitable for legal/professional corporation purposes. Key features of the Fidelity Account for Businesses include checkwriting, bank wire, Electronic Funds Transfer (EFT), and direct deposit,…