Place trade brokerage account number


At times, investors transfer their securities accounts between broker-dealers. While the process generally runs smoothly for the vast majority of the thousands of accounts transferred each year, there are times when delays occur and investors pose questions.

In an effort to help investors better understand the account transfer process, we are issuing this educational information to provide some basic facts about the account transfer process. Most customer accounts are transferred between broker-dealers through an automated process. Transfers involving the most common assets, for example, cash, stocks and bonds place trade brokerage account number domestic companies, and listed options, are readily transferable through ACATS.

Individuals wanting to transfer their securities account place trade brokerage account number one broker-dealer to another initiate the process by completing a Transfer Initiation Form TIF and sending it to the firm to which they want to transfer their account. The firm a customer is transferring the account to can provide the form to facilitate the transfer. The new firm is called the "receiving firm. Although automated, the account transfer process is somewhat complicated and is impacted by certain factors and regulations, the most important of which are discussed below.

Once the receiving firm obtains the TIF, it enters certain customer data, including the name on the account, Social Security number, and account number at the delivering firm into ACATS. Shortly after the data is entered, an automated function permits the delivering firm to see that a request place trade brokerage account number transfer the account has been made. If the account request is rejected, the new firm may correct the data from that which it originally entered or it may have to contact the customer to make sure the information on the TIF form is correct.

Once the customer account information matches, the transfer request is considered to be validated. In most cases, the validation process will take place trade brokerage account number three business days to complete once the new firm enters the request into ACATS.

Once the transfer request is validated, the delivering firm will send a list of the assets in the account to the receiving firm via ACATS. The receiving firm will review the list of assets to decide whether it wishes to accept the transfer of the account. It is important for investors to recognize that broker-dealers are not required to open or accept the transfer of an account and can decide which investments they choose to accept.

In this regard, a customer might initiate a transfer request only to find that the new firm has declined to accept the account. For example, the new firm may decide not to accept the account place trade brokerage account number to the quality of securities supporting a margin loan, or because the account does not meet its minimum equity requirements. Once the customer account information is properly matched, and the receiving firm decides to accept the account, the delivering firm will take approximately three days to move the assets to the new firm.

This is called the delivery process. In total, the validation process and delivery process generally take about six days to complete. Factors that may result in additional time needed to transfer an account. Generally, transfers where the delivering entity is not a broker-dealer for example a bank, mutual fund, or credit union will take more time. In addition, transfers of accounts requiring a custodian, like an Individual Retirement Account or a Custodial Account for a minor child, may take additional time.

Many events, as described above, occur simultaneously during place trade brokerage account number account transfer process. Prior to moving accounts from one firm to another, it is always a good idea to review and understand the transfer process.

In addition, communicate with the new firm and determine whether any specific policies or constraints might impact the transfer of your account. For example, if you have a margin account, you should ask if the new firm will accept a margin account and, if so, what are its minimum requirements.

In short, make sure place trade brokerage account number intended new firm is a good fit for you before you attempt to transfer the account. In addition, investors can become familiar with the account transfer process by discussing it with the new firm. Ask questions, like the anticipated length of the transfer process given the specific type of account such as cash, margin, IRA, custodial and the assets held such as stocks, bonds, options, limited partnership interests.

Inquire about anything that may cause a delay place trade brokerage account number the account place trade brokerage account number process. Ask how the firm informs customers that the transfer process is complete? Investors should also consider that buying and selling securities during the account transfer process often complicates and delays the transfer. As a result, investors are best served if they avoid trading during the transfer process.

For example, if ABC security is a volatile stock and you are concerned about not being able to sell your stock during the transfer process, you should consider selling ABC before entering the transfer request. How are accounts transferred between broker-dealers? What must a customer do to start the account transfer process? What is involved in the account transfer process? Receiving Firm Review Once the transfer request is validated, the delivering firm will send a list of the assets in the account to the receiving firm via ACATS.

Time Frames Once the customer account information is properly matched, and the receiving firm decides to accept the account, the delivering firm will take approximately three days to move the assets to the new firm. Factors that may result in additional time needed to transfer an account Generally, transfers where the delivering entity is not a broker-dealer for example a bank, mutual fund, or credit union will take more time. What are realistic expectations of the time that is required to transfer an account?

What can a customer do to ensure that the account transfer is successful?

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.

Opening a Fidelity account automatically establishes a core position, used for processing cash transactions and for holding uninvested cash. When you sell a security, the proceeds are deposited in your core position.

When you buy a security, cash in your core position is used to pay for the trade. This happens automatically—you do not have to "sell" out of your core account to make a purchase. You may also settle trades using margin if it has been established on your brokerage account.

Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity. Treasury securities and related repurchase agreements. Fidelity may use this free credit balance in connection with its business, subject to applicable law.

Fidelity may pay you interest on this free credit balance, and this interest will be based on a schedule set by Fidelity, which may change from time to time.

As of April 6,the interest rate for this option will depend on the balance amount: Generally speaking, these are the options available to you at the time you open your account. However, certain types of accounts may offer different options from those listed here.

Please keep in mind that once your account has been established, you can change your core position to any other option that Fidelity might make available for that purpose.

After your account has been established, you can change your core position to any other core position Fidelity might make available for this purpose. Although you can have only one core position, you can still invest in other money market funds. If you would like to change your core position after your account has been established, you can do so online or by calling a Fidelity representative at Learn more about Money Market Mutual Funds. You could lose money by investing in a money market fund.

An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity's government and U. Normally at least Government securities and repurchase agreements for those securities. Certain issuers of U. Government securities are sponsored or chartered by Congress, but their securities are neither issued nor guaranteed by the U.

Investing in compliance with industry standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments. Treasury securities and repurchase agreements for those securities. Additional options might be available by calling your representative. All brokerage securities held in an account are listed under a single brokerage account number. This number always has 9 characters and can be found in your portfolio summary.

See how to determine your routing and account numbers for direct deposit. Collection periods vary depending on the deposit method. The collection period for check and EFT deposits is generally 4 business days.

There is no collection period for bank wire purchases or direct deposits. Trade proceeds vary according to the security being traded. Settlement times for trades. Fidelity may waive this requirement for customers with previous Fidelity credit history or mutual fund assets on deposit. A benefit of the core position is that it allows you to earn interest on uninvested cash balances. Interest is calculated on a daily basis and is credited on the last business day of the month. Balances display values that change with market price fluctuations on the underlying securities in your account.

Essentially, it is a complete recalculation based on price fluctuations of positions, trade executions, and money movement into or out of the account. Balances reflect trade executions and money movement into and out of the account during the day. Balances display values after a nightly update of the account. In some cases, certain balance fields can only be updated overnight due to regulatory restrictions. You can view up to nine years' worth of interactive statements online under statements.

Your tax documents will still arrive by mail. View a full list of account features that you can update. To get started, fill out a form available in account access rights. Money market funds held in a brokerage account are considered securities. It also does not cover other claims for losses incurred while broker-dealers remain in business. This is the maximum excess of SIPC protection currently available in the brokerage industry. Both SIPC and excess of SIPC coverage is limited to securities held in brokerage positions, including mutual funds if held in your brokerage account, and securities held in book-entry form.

Neither SIPC nor the additional coverage protects against loss of market value of the securities. Certain assets are not eligible for SIPC protection. Among the assets typically not eligible for SIPC protection are commodity futures contracts and precious metals, as well as investment contracts such as limited partnerships and fixed annuity contracts that are not registered with the U.

Securities and Exchange Commission under the Securities Act of In accordance with the SEC rule 15c, often known as the "Customer Protection Rule," Fidelity protects client securities that are fully paid for by segregating them and ensuring that they are not used for any other purpose, such as for loans to investors or institutions, corporate investment purposes, and spending. This practice helps ensure that customers have access to these securities at all times. Customer assets may still be subject to market risk and volatility.

Protecting your personal information When you use the Fidelity web site, we want to make sure you have the peace of mind that comes with knowing that your information is safe and secure. That's why we only allow access to your account using confirmed information, such as your Social Security number or a username and password that you've created.

We generally recommend using a username and password instead of your Social Security number as that combination can offer increased protection. However, no matter which mode of access you choose, we protect your information using the strongest encryption available to us. We also offer the same encryption when you access your accounts using your mobile device.

Furthermore, we also offer protection for your assets in the case of unauthorized activity in your account. For more information, please see our Customer Protection Guarantee. No, our product and service offerings for customers and prospective customers who reside outside of the United States are limited. While the questions below provide a general overview of those limits, because so much is dependent on the particulars of your specific situation, we suggest you call us at to learn about how they apply to you.

If you are calling us from outside the United States, please visit Fidelity Phone Numbers, For Customers Traveling Abroad to see a list of available international phone numbers available. Fidelity does not provide discretionary asset management services to customers who reside outside the United States. If you move outside the United States, your discretionary asset management relationships will be terminated, and certain mutual funds held in those accounts may be liquidated as part of that termination.

The services provided by our representatives are limited to those that are ministerial or administrative in nature. Among other things, this means that our representatives do not engage in discussions with customers about such topics as asset allocation, income planning, or portfolio composition. Customers residing outside the United States will not be allowed to purchase shares of mutual funds. There are additional restrictions that may apply, depending on the country where you now reside.

Customers in certain countries may be limited to selling their existing holdings and withdrawing the proceeds from their accounts. They will not be able to make deposits in their accounts, or buy any additional securities. In most other countries, the restrictions will be less onerous, but customers may still experience certain limitations for example, margin lending or options trading may not be permitted, or a certain type of account will experience trading restrictions.

Other than certain holdings in previously discretionary managed accounts, you can continue to maintain your mutual fund holdings until you decide to sell them. Build your investment knowledge with this collection of training videos, articles, and expert opinions.

Skip to Main Content. Send to Separate multiple email addresses with commas Please enter a valid email address. Your email address Please enter a valid email address. General How does cash availability work in my account? What are the investment options for my core position?

Where can I find my account number s? When are deposits credited? When do trades, checks, bill payments, and check card purchases clear my core position? How is interest calculated? Where can I see my balances online? What do the different account values mean? What is an interactive statement, and where can I see my interactive statement online? How do I add or change the features offered on my account?

How do I give someone else the right to view or transact in my account?

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf.

The subject line of the email you send will be "Fidelity. Opening a Fidelity account automatically establishes a core position, used for processing cash transactions and for holding uninvested cash.

When you sell a security, the proceeds are deposited in your core position. When you buy a security, cash in your core position is used to pay for the trade. This happens automatically—you do not have to "sell" out of your core account to make a purchase. You may also settle trades using margin if it has been established on your brokerage account.

Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity. Treasury securities and related repurchase agreements. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Fidelity may pay you interest on this free credit balance, and this interest will be based on a schedule set by Fidelity, which may change from time to time.

As of March 22,the interest rate for this option will depend on the balance amount: Generally speaking, these are the options available to you at the time you open your account. However, certain types of accounts may offer different options from those listed here.

Please keep in mind that once your account has been established, you can change your core position to any other option that Fidelity might make available for that purpose. After your account has been established, you can change your core position to any other core position Fidelity might make available for this place trade brokerage account number. Although place trade brokerage account number can have only one core position, you can still invest in other money market funds.

If you would like to change your core position after your account has been established, you can do so online or by calling a Fidelity representative at Learn more about Money Market Mutual Funds. You could lose money by investing in a money market fund. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Fidelity's government and U. Normally at least Government securities and repurchase agreements for those place trade brokerage account number. Certain issuers of U. Government securities are sponsored or chartered by Congress, but their securities are neither issued nor guaranteed by the U. Investing in compliance with place trade brokerage account number standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments.

Treasury securities and repurchase agreements for those securities. Additional options might be available by calling your representative. All brokerage securities held in an account are listed under a single brokerage account number. This number always has 9 characters and can be found in your portfolio summary. See how to determine your routing and account numbers for direct deposit. Collection periods vary depending on the deposit method. The collection period for check and EFT deposits is generally 4 business days.

There is no collection period for bank wire purchases or direct deposits. Trade proceeds vary according to the security being traded. Settlement times for trades. Fidelity may waive this requirement for customers with previous Fidelity credit history or mutual fund assets on deposit. A benefit of the core position is that it allows you to earn interest on uninvested cash balances. Interest is calculated on a daily basis and is credited on the last business day of the month.

Balances display values that change with market price fluctuations on the underlying securities in your account. Essentially, it is a complete recalculation based on price fluctuations of positions, trade executions, and money movement into or out of the account. Balances reflect trade executions and money movement into and out of the account during the day.

Balances display values after a nightly update of the account. In some cases, certain balance fields can only be updated overnight due to regulatory restrictions.

You can view up to place trade brokerage account number years' worth of interactive statements online under statements. Your tax documents will still arrive by mail. View a full list of account features that you can update. To get started, fill out a form available in account access rights. Money market funds held in a brokerage account are considered securities.

It also does not cover other claims for losses incurred while broker-dealers remain in business. This is the maximum excess of SIPC protection currently available in the brokerage industry. Both SIPC and excess of SIPC coverage is limited to securities held in brokerage positions, including mutual funds if held in your brokerage account, and securities held in book-entry form.

Neither SIPC nor the additional coverage protects against loss of market value of the securities. Certain assets are not eligible for SIPC protection. Among the assets typically not eligible for SIPC protection are commodity futures contracts and precious metals, as well as investment contracts such as limited partnerships and fixed annuity contracts that are not registered with the U. Securities and Exchange Commission under the Securities Act of In accordance with the SEC rule 15c, often known place trade brokerage account number the "Customer Protection Rule," Fidelity protects client securities that are fully paid for by segregating them and ensuring that they are not used for any other purpose, such as for loans to investors or institutions, corporate investment purposes, and spending.

This practice helps ensure that customers have access to these securities at all times. Customer assets may still be subject to market risk and volatility. Protecting your personal information When you use the Fidelity web site, we want to make sure you have the peace of mind that comes with knowing that your information is safe and secure. That's why we only allow access to your account using confirmed information, such as your Social Security number or a username and password that you've created.

We generally recommend using a username and password instead of your Social Security number as that combination can offer increased protection. However, no matter which mode of access you choose, we protect your information using the strongest encryption available to us.

We also offer the same encryption when you access your accounts using your mobile device. Furthermore, we also offer protection for your assets in the case of unauthorized activity in your account. For more information, please see our Customer Protection Guarantee. Place trade brokerage account number, our product and service offerings for customers and prospective customers who reside outside of the United States are limited. While the questions below provide a general overview of those limits, because so much is dependent on the particulars of your specific situation, we suggest you call us at to learn about how they apply to you.

If you are calling us from outside the Place trade brokerage account number States, please visit Fidelity Phone Numbers, For Customers Traveling Abroad to see a list place trade brokerage account number available international phone numbers available. Fidelity does not provide discretionary asset management services to customers who reside outside the United States. If you move outside the United States, your discretionary asset management relationships will be terminated, and certain mutual funds held in those accounts may be liquidated as part of that termination.

The services provided by our representatives are limited to those that are ministerial or administrative in nature. Among other things, this means that our representatives do not engage in discussions with customers about place trade brokerage account number topics as asset allocation, income planning, or portfolio composition. Customers residing outside the United States will not be allowed to purchase shares of mutual funds.

There are additional restrictions that may apply, depending on the country where you now reside. Customers in certain countries may be limited to selling their existing holdings and withdrawing the proceeds from their accounts.

They will not be able to make deposits in their accounts, or buy any additional securities. In most other countries, the restrictions will be less onerous, but customers may still experience certain limitations for example, margin lending or options trading place trade brokerage account number not be permitted, or a certain type of account will experience trading restrictions. Other than certain holdings in previously discretionary managed accounts, you can continue to maintain your mutual fund holdings until you decide to sell them.

Build your investment knowledge with this collection of training videos, articles, and place trade brokerage account number opinions. Skip to Main Content. Send to Separate multiple place trade brokerage account number addresses with commas Please enter a valid email address. Your email address Please enter a valid email address. General How does cash availability work in my account? What are the investment options for my place trade brokerage account number position? Where can I find my account number s?

When are deposits credited? When do trades, checks, bill payments, and check card purchases clear my core position? How is interest calculated? Where can I see my balances online? What do the different account values mean? What is an interactive statement, and where can I see my interactive statement online?

How do I add or change the features offered on my account? How do I give someone else the right to view or transact in my account?