To wire money to your Fidelity account, you will need to initiate a bank wire transfer directly from your personal bank account. This process requires you to provide your sending bank with specific Fidelity wire instructions, which include details about Fidelity's receiving bank and how the funds should be credited to your specific Fidelity account.
Key Steps to Initiate a Wire Transfer to Fidelity
The transfer process always begins at the financial institution where your funds are currently held. Here’s a breakdown of the steps:
- Obtain Fidelity's Wire Instructions: Before initiating any transfer, you must get the exact, up-to-date wire transfer instructions directly from Fidelity. These details are critical and can change, so always verify them. You can usually find these instructions by logging into your Fidelity account online or by contacting their customer service.
- Gather Your Account Information: You'll need your personal Fidelity account details, including your full account number and the exact registration (names of all account owners). For retirement accounts, you will also need to specify the contribution type.
- Initiate the Transfer at Your Bank: Contact your bank (either in person, by phone, or sometimes through their online banking portal) and request to send a domestic or international wire transfer. You will provide them with all the necessary information collected in the previous steps.
Required Information for Your Bank
When you set up the wire transfer at your bank, they will typically ask for the following details regarding Fidelity's receiving bank and your specific account:
| Field Required by Your Bank | Description |
|---|---|
| Beneficiary Bank Name | This is the name of the bank that Fidelity uses to receive incoming wires (e.g., J.P. Morgan Chase Bank, N.A. or The Bank of New York Mellon). You must obtain the exact name from Fidelity's official wire instructions. |
| Beneficiary Bank ABA Routing Number | This 9-digit number specifically identifies the beneficiary bank for domestic wires within the U.S. (also known as a Fedwire Routing Number). You must obtain the exact ABA Routing Number from Fidelity's official wire instructions. |
| Fidelity's Account Number at the Beneficiary Bank | This is Fidelity's specific account number at their receiving bank, not your personal Fidelity account number. Do not use your personal Fidelity account number here. You must obtain this specific account number from Fidelity's official wire instructions. |
| FOR THE BENEFIT OF (FBO) | This is the crucial detail that directs the wired funds to your specific Fidelity account. You must list all owners on your Fidelity account. For retirement accounts (e.g., Traditional IRA, Roth IRA), you must also include the contribution type (e.g., "2023 IRA Contribution," "2024 Roth IRA Contribution"). Your Fidelity account number should also be explicitly stated here. |
It is paramount to ensure all details are accurate, especially the "FOR THE BENEFIT OF" information, to prevent delays or misdirected funds.
Important Considerations
- Fees: Most banks charge a fee for outgoing wire transfers. Check with your bank regarding their specific fee schedule. Fidelity generally does not charge a fee for receiving incoming domestic wire transfers, but they might for international wires.
- Timing: Domestic wire transfers are typically processed on the same business day if initiated before your bank's cut-off time. International wires can take longer.
- Verification: After initiating the wire, you can usually verify its receipt by checking your Fidelity account activity online within a business day or two.
For the most accurate and up-to-date instructions, always refer to Fidelity's official resources.
View Fidelity's Wire Transfer Instructions (Example)
[[Fidelity Wire Transfers]]
