Transfer large amount of money from fidelity
Summary of User’s Post and Solutions Discussed:
- The main problem reported by the user is the need to wire over $250,000 from Fidelity for a home purchase.
- To address the wire transfer limit, it’s advised to contact a Fidelity representative who can override the normal transaction limit.
- Users should have the receiving bank’s information ready when calling Fidelity’s Customer Service Team to facilitate the process.
- Wires initiated before 2:30 p.m. ET are processed the same day and typically received within a few hours, with no fees charged by Fidelity for the wire transfer itself.
- Fidelity associates are available 24/7 for customer support, but wire transfers are processed only during regular business hours, Monday through Friday.
Here’s the full thread
I am in the process of purchasing a home and I need to wire a large amount of money from fidelity >250k. What is the right process for doing this?
Going to need to reach out to Fidelity rep. I think the normal wire limits are $250k and only a rep can override that
Congrats on your upcoming home purchase, @kgb.
You can initiate a one-time wire from your Fidelity account above the online transaction limit by calling our Customer Service Team. You must provide the receiving bank’s information to our team to process this. We recommend having that information ready when you call to save time.
Wires submitted before 2:30 p.m. ET, are processed the same day and are typically received within a few hours. Fidelity does not charge a fee to process incoming or outgoing wire transfers but keep in mind that receiving banks may have wire fees.
Associates are available 24 hours a day, seven days a week; however, bank wires are only processed during regular business hours, Monday through Friday. You can contact them through the link below:
Contact Us: https://www.fidelity.com/customer-service/contact-us 🟢