Help Glossary

Withdrawing Money from Non-Retirement Accounts

You can withdraw money from your Fidelity brokerage account and:

For information about transferring money between your Fidelity and bank accounts, see Transferring Money or Shares.

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From what kinds of accounts can I withdraw money?

You can withdraw money via check from most non-retirement accounts. On Portfolio Summary, select Withdraw Money from the Select Action drop-down box. There are some restrictions which may prevent withdrawals from being requested online. These restrictions are in place to protect customers.

Are there any fees for requesting a check?

No fees are assessed for requesting a distribution from your account in the form of a check. If a mutual fund is sold in order to honor your request, however, fees may apply.

Is there a penalty for withdrawing my money?

No penalties are assessed for withdrawing your money from your non-retirement account via check.

The address that appears for me is wrong. How do I change it?

To change the address to which a check will be sent, first update your mailing address by clicking Update My Mailing Address. Once you update your mailing address, return to the Withdraw Money screen and process your request. To protect against fraud, after you change your address, the amount you can withdraw online is reduced.

If I change the address on my account, how long must I wait to make a withdrawal by check?

If you've changed the address on your account, you don't have to wait to make a withdrawal by check. However, to protect against fraud, if you've changed your mailing address within the past 15 days, the most you can request to withdraw by check online is $10,000.

What's the maximum I can request to withdraw from my account?

The maximum you can request to withdraw from your account online or by telephone is $100,000 per account. To request a withdrawal greater than $100,000, you must complete a paper form. You can obtain a copy of that form by going to Customer Service > Find a Form, or by contacting a Fidelity representative at 800-544-6666. If you've changed your mailing address within the past 15 days, the most you can request to withdraw by check online or by telephone is $10,000.

What are the minimums and maximums for online cash transfers?

The minimum amount for a brokerage account transfer is $10. The maximum transfer into your Fidelity brokerage account is $100,000. The minimum amount for a Portfolio Advisory ServicesSM (PAS) account transfer is $250. You cannot request to withdraw more than 25% of your Portfolio Advisory Services account's net worth.

How long will it take for me to receive my check?

Depending upon mail delivery in your area and the type of account from which you are withdrawing money, it generally takes between three to five days to receive your check once you've requested it.

Can I have a withdrawal sent by check to someone other than me?

At this time, online requests for a withdrawal by check can only be sent to your address of record and may be payable only to the account owners on file.

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