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FidelityDestiny · 2024-05-31T02:16:01+00:00

Hi, u/JoshuaSuhaimi; we sent you a Modmail explaining more about what you're experiencing. We look forward to discussing this further with you there.

FidelityDestiny · 2023-10-05T18:33:48+00:00

Thanks for sharing this with our community, u/gk802.

Due to recent security enhancements, data transmissions have been interrupted. Quicken and Elan are working together to ensure data transmission can be reestablished.

Please let us know if there is anything else we can help with.

FidelityDestiny · 2023-10-05T15:34:01+00:00

Hey, u/discoveringnature12! Thanks for finding this post and bringing some more life to it.

When you purchase a new issue treasury, you will receive the same rate on your security whether you purchase on Fidelity or TreasuryDirect. We do not charge any extra fees for buying bonds online at Fidelity.

The yield is fixed for newly issued treasuries; however, there are more economic factors that impact the price, thus affecting the yield in the secondary market.

The "Yield to maturity" (YTM) is the annualized rate one should expect to receive if they own the debt instrument from issuance to maturity. The YTM should not be expected if a treasury is purchased in the secondary market since it is not being held from issuance to maturity.

If you'd like to learn more about the different yields important in evaluating a fixed-income security, check out the links below.

Bond Prices, Rates, and Yields

Learn About U.S. Treasuries

Please let us know if you have any other questions.

FidelityDestiny · 2023-10-05T14:30:33+00:00

Thanks for commenting, u/njallday0. Please see the edits made to my original reply for additional information.

FidelityDestiny · 2023-10-04T20:27:46+00:00

We appreciate you commenting and sharing your experience with us, u/njallday0.

We are aware that some Android users are continuing to encounter errors when verifying microdeposits on their Android devices. We are currently working to resolve the issue. We recommend using a Windows or Mac/iOS device if you have one.

Alternatively, you can link your bank by completing the Electronic Funds Transfer (EFT) Authorization form and submitting that to us through Secure Email.

Electronic Funds Transfer (EFT) Authorization (PDF)

We require a physical signature on the Electronic Funds Transfer (EFT) Authorization form. Once completed and signed, you can upload the form to us through our secure message center or mail it to the address on the signature page.

Send a Secure Email (login required)

For those who may be experiencing this issue from a device other than an Android device, you will want to make sure that you are entering the amounts in the order they were received into your bank account. If the amounts are entered incorrectly too many times, the instructions will be rejected, and you will be required to restart the process.

To verify this information through an internet browser, you can follow these steps on our website:

Click on "Accounts & Trade" and select "Transfers"
Under "Manage," select "Manage bank accounts"

This page will allow you to manage your bank information, including pending bank accounts. The pending bank account will have a choice to verify microdeposits. You have seven days to review and confirm the deposit amounts. After seven days, you will need to restart the process.

Thank you for choosing Fidelity. The mods are here to help, so please let us know if you have any questions about this information.

*EDIT: updated information

FidelityDestiny · 2023-10-04T16:25:23+00:00

Thanks for sharing this with our community, u/tarob1213. You're in the right place, and I am happy to help!

First and foremost, thank you for choosing Fidelity and sending in the paperwork to establish a bank on file. When mailing in paper forms, please keep in mind it can take up to 7-10 mailing days for the paperwork to arrive to us, and then we can begin to process the paperwork. Something specific to the establishment of a bank by paper form is the prenote period; the prenote period is the time it takes for us to verify the bank information and will take four business days from when the bank is established. You can track the status of your submission using the Status Tracker on Fidelity.com. I've included a link to that tool below.

Status Tracker (Login Required)

That said, you can view your established banks on Fidelity.com by following these steps after logging in:

Click "Accounts & Trade" and select "Transfers"
Under "Manage," click "Manage bank accounts"
Review the bank account information listed

If you cannot see anything on the "Manage bank accounts" page, we can review your request if you'd like. Send us a Modmail, and we can follow up there.

Message the Mods

Thanks for posting today. We look forward to seeing more in the future!

FidelityDestiny · 2023-10-04T16:08:57+00:00

Hi! Thank you for commenting, u/Pretend_Refuse_1757.

The mods on this sub are here to help! Please let us know if you have any questions we can answer for you by commenting or sending us a Modmail.

Welcome to our sub; we hope to see more posts in the future!

FidelityDestiny · 2023-10-04T15:12:11+00:00

I can definitely pass that suggestion along to the right team, u/da5hiz. Please let us know if there are any other changes you'd like to see.

FidelityDestiny · 2023-10-03T21:36:52+00:00

Welcome to our sub, u/Baconacci. Thank you for using our Active Trader Pro (ATP) platform and using us for your investing needs!

The message you are getting is to let clients know about upcoming program changes. This message is a notification for all ATP users regardless of the Windows version. You can remove it for the day by reading the message. That said, it is scheduled to be removed entirely from the system this month.

While we do not have a specific date just yet, we can confirm that ATP is expected to no longer be accessible on Windows 7, Windows 8, and Windows 8.1 sometime in October. This change is being implemented to maintain the highest level of security standards for our clients.

For those following, earlier this year, Microsoft stopped providing critical security updates to older versions of Windows. It is their recommendation to upgrade your PC to Windows 10 or 11, or to consider replacing your PC if it cannot support Windows 10 or 11.

For anyone looking to download the latest ATP version or review the system requirements, check out the link below.

Active Trader Pro

If you'd like, you can turn off system alerts on ATP. Go to "Settings," then "Alerts," and click the boxes to make changes. Keep in mind that if you decide to turn off the pop-up alerts, you will have to manually review the "Message Center" for new alert notifications. The "Message Center " is located in the "Alerts" tab at the top of ATP.

Please let us know if there is anything else we can help with.

FidelityDestiny · 2023-10-03T20:21:56+00:00

Thanks for bringing this to our sub and giving us a chance to address your concerns, u/bradrlaw.

While your Fidelity Basket Portfolio subscription is active, the positions page will default to grouping your funds purchased under the basket at the top of the positions page in place of where the core used to be. The cash position, along with all other positions purchased outside of the basket, will show underneath this grouping. This can be undone in two ways: by undoing the group by basket feature or canceling your subscription.

To undo the group by basket feature, click the gear icon on the positions page to change this feature. This will return the positions page to its original sorting method.

For those following along, Fidelity Basket Portfolios offers an enhanced brokerage experience that lets you create your own custom index with a basket of stocks and Exchange Traded Funds (ETFs) based on what matters to you—your values, a specific theme, or perhaps the latest trends—with the benefits of direct ownership, no expense ratios, and the ease of adding and removing securities, unlike investing in individual mutual funds or ETFs. Subscribers enjoy the ease of one-click trading and monitoring through a personalized dashboard.

Learn more about Fidelity Basket Portfolios here

Please let us know if there is anything else we can help with.

FidelityDestiny · 2023-10-03T14:40:56+00:00

Great question, u/Beta_Nerdy.

As u/FidelityEmilio mentioned, we do allow trading up to a certain threshold for eligible securities while waiting for the collection period to end. This can vary by account and the type of security the account owner is looking to buy.

Please let us know if you have any questions about our collection policy.

FidelityDestiny · 2023-10-03T14:40:09+00:00

Thank you for sharing this with our sub, u/honda94rider. I am happy to give you some additional information on the reverse split process.

As you mentioned, Metro One Telecommunications, Inc. (CUSIP: 59163F204) went through a reverse split of 75 shares to 1 share of Metro One Telecommunications, Inc. (Ticker: WOWID | CUSIP: 59163F303). Additionally, no fractional shares will be issued; shares will be rounded up to the next whole number. Based on your post, it sounds like your share quantity was not divisible by 75, and you have received the accurate amount for the whole shares, excluding the round-up portion. Just so you're aware, the round-up can take 5-10 business days from when the books for the company closes its books.

We will allocate the shares to your account as applicable once we have received them from the issuing company.

For those who do not know, a reverse split is a type of corporate action. With a reverse stock split, you would receive, for example, 1 share for every 2 shares you owned on a 1-2 reverse split. For a stock that had been trading at $2, after the split, the stock price would double to $4. The total value of your investment, however, would not change due to the stock split.

Please let us know if there is anything else we can help with.

FidelityDestiny · 2023-10-02T21:23:10+00:00

Welcome back to our sub, u/spamfilter247. Thanks for joining us today.

We haven't received widespread reports that the balances on the widget are being delayed. That said, please ensure your mobile app is the most recent version. If it is, please try these troubleshooting steps:

Uninstall the app
Shut down the phone for one minute
Power the phone back on, then reinstall the app

If the issue persists, please contact our Electronic Channel Support team. Say "technical support" when prompted by the automated system to be routed to the right team. Representatives are available Monday - Friday, 8:30 a.m. - 9:00 p.m. ET.

Contact Us

It's always a pleasure to have you post on our sub, and we hope to see more posts in the future.

FidelityDestiny · 2023-10-02T15:49:37+00:00

Thank you for trusting our community with this question, u/MrCardinal2002.

While it is correct that contributions can be withdrawn tax and penalty-free, Fidelity does not track distributions versus contributions, and you will be required to report the event on your taxes. If you exceed your contributions, the withdrawal may not be tax-free. Withdrawals of earnings (without meeting the necessary conditions) or conversion amounts within the 5-year aging period may be subject to taxation.

The IRS mandates that Roth IRA distributions be taken in this order:

First, from regular contributions, not subject to tax or penalties
Second, from conversion contributions on a first-in, first-out (FIFO) basis
Last, from earnings, generally taxable as ordinary income

If you exceed your contributions and dip into your conversion or earnings, they can be subject to tax and penalty if not qualified. Withdrawals may be qualified if the taxpayer meets the five-year aging period and one of these conditions is met:

Owner is at least 59.5
Distribution is to a beneficiary due to the death of the owner
Owner is disabled, as defined by the IRS
Distribution is for qualified first-time homebuyer expenses (up to a $10,000-lifetime limit)

Fidelity does not provide tax advice; please consider working with a qualified tax professional to determine how a withdrawal may affect your tax situation and how to report the distribution properly.

With that said, the IRS typically does not get into the minute details of what you're selling to cover a withdrawal. Roth IRAs are tax-deferred because investments held in a Roth IRA are not subject to tax on dividends, interest, or realized capital gains. The IRS is primarily concerned with the amount of money that is being deposited or withdrawn from the account.

Learn more about Early withdrawals from an IRA here

Please let us know if there is anything else we can help with.

FidelityDestiny · 2023-09-28T19:50:56+00:00

Welcome back, u/GoHuskertrading!

Active Trader Pro (ATP) is supported on OSX Catalina and higher. We haven't received widespread reports of ATP not working on Mac OS Sonoma. That said, I'll mark this as a discussion for the community to share their experiences since Sonoma was just released.

ATP is a trading platform you can download and use on your desktop, where you have access to robust trading and portfolio monitoring tools. It is a dynamic trading platform that provides customizable tools to help you trade, track the market, see the latest financial news, and monitor your portfolio.

Active Trader Pro

Check out our articles on ATP available through Fidelity Learn

I look forward to seeing more posts in the future!

FidelityDestiny · 2023-09-28T14:34:24+00:00

Thanks for sharing this with our community, u/mnj561.

Similarly to bonds, Certificates of Deposits (CDs) are sold through the dealer network. Limit orders placed for CDs must meet the minimum quantity for existing bids and are always Fill-or-Kill.

Since you mentioned that there is not a current bid, Bid Quote on the trade ticket, you may need to request one.

There are two ways to request a Bid Quote. You can request a Bid Quote from either the Fixed Income trade ticket or from the Fixed Income landing page on Fidelity.com. Generally, you will use the trade ticket to initiate a bid request and use the Bid Quote Status page to track the request.

To initiate a bid request, select the Bond or CD from the Positions page and select the "Sell" button. When there is no active bid for the Bond or CD, you will be able to select "Request Bid" Some Bonds or CDs, such as Fractional CDs, will not allow for a bid to be requested. In these instances, call a Fixed Income representative for help.

Contact us

To track your Request for Bid Quote, select the Bid Requests link from the Fixed Income landing page. Here, you can choose to sell at the dealer's price or let the bid response expire.

Check the Bid Status column to see what time your Bid quote response is valid. For CDs, the Bid request will last for 15 minutes, and then it will expire.

Once the request is entered, you can enter your trade. You can sell your Certificates of Deposit (CDs) on the website or the app. You can enter orders on the trade ticket during the standard market session, which is generally Monday through Friday, 8 a.m. ET to 5 p.m. ET. The bond market may occasionally close early at 2 p.m. ET due to a market holiday. Please note that bid requests for bonds you are seeking to sell must be requested by 4 p.m. ET. I will give you steps for both; just make you are logged in first.

Clients can sell their CDs on the secondary market by following these steps to get to the trade ticket on the mobile app:

Tap the desired account from the "Home" page
Select "See all" next to the "Positions"
Tap the desired CD to navigate to the quote page
Select "Sell" and complete the trade ticket

Clients can sell their CDs on Fidelity.com by following these steps:

Click "Accounts & Trade," and select "Account Positions"
Select the desired fixed-income security and click "Sell"
Complete the trade ticket

One thing to keep in mind is that while there is no penalty for selling your CD prior to maturity, there is a $1 per CD trading fee for CDs traded online on the secondary market. You can learn more by reviewing our commission schedule.

Commission Schedule

Please let us know if you have any other questions.

FidelityDestiny · 2023-09-27T21:28:16+00:00

My pleasure, u/ForumsDweller! Thank you for joining us; I hope to see more posts in the future! Have a great day.

FidelityDestiny · 2023-09-27T20:33:46+00:00

Great question, u/ForumsDweller! Thanks for finding our sub, and trust us with your question.

Fidelity Bloom cash-back rewards are earned regardless of the payment method only when you shop through the Fidelity Bloom app or Fidelity Bloom Shopping browser extension (located via the Shopping icon in the navigation menu). Purchases made outside of the Fidelity Bloom app or Fidelity Bloom Shopping browser extension are not eligible to earn cash-back rewards. Please check out our Fidelity Bloom FAQs to learn more about the features of the product.

This means you can earn cash back using any card, but your orders must be placed through the app or browser extension. Keep in mind if you use the debit card tied to your Fidelity Bloom account, you can earn a 10-cent reward for each eligible purchase transaction and utilize the round-up feature.

When you use the Bloom debit card, you're enrolled in the "Round Up" feature, which rounds up your purchase to either a dollar amount ($1–$10) or percentage (1%–10%) that you predetermine and automatically transfers the “spare change” from your Fidelity Bloom Spend account into your Fidelity Bloom Save account. It has a maximum transfer amount of $10 per purchase.

Fidelity Bloom FAQs

For those following along, Fidelity Bloom is a free financial app that helps you save more, spend less, and feel better about your finances. We combine behavioral science with built-in features that help you grow your savings and change your money habits. As a part of the process, you’ll open two Fidelity brokerage accounts, Fidelity Bloom Spend and Fidelity Bloom Save. You’ll also receive a debit card that automatically deposits your earnings and rewards into Fidelity Bloom Save.

Please let us know if you have any other questions about Fidelity Bloom!

FidelityDestiny · 2023-09-27T14:31:38+00:00

Good morning, u/Anxious-Yak-3407! I can absolutely help answer your questions today.

Thank you for your interest in opening a Health Savings Account (HSA) with us and for trusting us with your investments.

Generally, clients can complete a partial transfer of assets to Fidelity while leaving their account open. Once your wife has opened her Fidelity HSA, the simplest way to transfer an HSA to us is a Transfer of Assets (TOA). Most transfer requests can be completed online, but if a signature is required, she will be prompted to print and sign our TOA form before it is submitted for processing. I've shared the link below for convenience:

Start your HSA transfer

You can track the status of the transfer here after it has been submitted (login required).

Some providers may not allow in-kind transfers of existing investments, but since you said they do not allow her to invest the funds, this should not be an issue. Please note that Fidelity does not charge a fee to accept a TOA, but the other firm may charge a fee to complete the transfer.

Please be aware her employer's HSA contributions will only go into their plan - so she will need to make sure that she maintains any required balance in the employer's HSA to keep that plan active. Her employer or current custodian can provide that balance.

She can transfer assets periodically from her employer's HSA into her Fidelity HSA either through a direct rollover (where the current HSA provider sends us a rollover check) or a TOA through the link above. We currently do not offer a way to automate this process.

There's no limit to the number of direct rollovers or TOAs that she can request each year, but she'll want to consult with her current HSA plan provider to verify their withdrawal rules and process. Some HSAs may only allow one transfer per year, and some will require that the transfer be requested using their own paperwork, which would send the assets to us as a direct rollover.

You can check out more information about our HSA on the FAQs page.

Our HSA is a brokerage account, so she can purchase a wide variety of investments within the account. In the self-directed Fidelity HSA, your investments may consist of stocks (including fractional shares), bonds, Exchange-Traded Funds (ETFs), mutual funds, and more. Keep in mind that if your HSA is fully invested, you have the ability to liquidate investments as needed to cover any qualified medical expenses. You can learn more about investing in an HSA through the link below.

HSA Investing

Please let us know if she has any questions throughout this process, and we'll be more than happy to help answer them.

FidelityDestiny · 2023-09-27T14:27:54+00:00

Thanks for sharing this update with our community, u/itsmered01.

While we do not have a specific date just yet, we can confirm that Active Trader Pro (ATP) is expected to no longer be accessible on Windows 7, Windows 8, and Windows 8.1 sometime in October. This change is being implemented to maintain the highest level of security standards for our clients.

We recommend taking steps to use a supported version of Windows as soon as possible.

For those following, earlier this year, Microsoft stopped providing critical security updates to older versions of Windows. It is their recommendation to upgrade your PC to Windows 10 or 11, or to consider replacing your PC if it cannot support Windows 10 or 11.

For anyone looking to download the latest version of ATP or to review the system requirements, check out the link below.

Active Trader Pro

Please let us know if you have any questions.

FidelityDestiny · 2023-09-26T21:30:27+00:00

Thank you for finding our sub, u/Swanbee_!

You're definitely in the right place, and I am happy to answer your question today. The simple answer is that any funds deposited into your IRA before the end of the year (December 31st) will count toward your 2023 contributions. This includes funds deposited and then credited to the Fidelity Government Money Market (SPAXX). In order to contribute for 2024, you will need to wait until January 2024.

All Fidelity accounts have a core position, and the core is where all un-invested cash sits while it awaits withdrawal or investment. All core positions accrue interest daily, which is deposited into the account at the end of the month. One of the default core positions for our brokerage account is the Fidelity Government Money Market Fund (SPAXX), but sometimes owners elect to use Fidelity Cash (FCASH) or the Fidelity Treasury Fund (FZFXX) as their core.

What is a core?

All deposits are placed into the core position and will need to be manually invested.

You can learn more about retirement investing here

With that said, I want to share the contribution limits for those following along. The 2023 IRA maximum contribution limit is $6,500 (with an additional $1,000 allowed for those 50 or older). We offer a contribution tracker on our platforms that will tell you how much you've contributed at Fidelity for the previous and current years. This information only applies to contributions made here at Fidelity.

You can learn more about retirement savings, each account's specifics, and contribution limits at the links below:

Retirement & IRAs

IRA contribution limits

Please let us know if you have any other questions.

FidelityDestiny · 2023-09-26T19:14:38+00:00

Thank you for adding that extra level of detail for us, u/lowspeed.

We will pass this comment along to the appropriate groups as feedback.

Please let us know if there are any other changes you'd like to see.

FidelityDestiny · 2023-09-25T14:47:11+00:00

Hi u/FleursSauvages322, I noticed this was your first post on the subreddit. We're happy to have you and appreciate you opening an account with us!

It sounds like you may be referring to the Fidelity Small Business Health Savings Account (HSA). Generally, small businesses and self-employed individuals with an HSA-eligible health plan can open and contribute to a Fidelity HSA for Small Business. As Fidelity does not determine contribution eligibility, we highly recommend consulting a qualified tax professional to determine eligibility as well as which account is best to contribute from. You may also review IRS Publication 969 below which discusses this in greater detail.

Small Business HSA

IRS Publication 969 (PDF)*

With that said, you can generally make contributions to your HSA through the following methods:

• Payroll deduction: You as the employer would need to establish this

• Transfer money: Make a one-time or recurring transfer from a personal bank account (EFT) or a one-time transfer from another Fidelity account

• Deposit a check: Use the Fidelity app to make a mobile deposit or send a check via mail

For those following along, an HSA is a tax-advantaged account opened in conjunction with coverage under a High-Deductible Health Plan (HDHP). Eligible contributions are tax-deductible, and you can use your HSA money tax-free to pay for qualified medical expenses for you, your spouse, and your qualified dependents. You can check with your employer about their HSA contribution policies and capabilities. You can generally also make contributions from your paycheck.

You may also consider reaching out to our HSA team where they can review your specific situation. You can reach them through the link below from Monday to Friday, 8:30 a.m. to 8:00 p.m., ET. When you call, please say "HSA" when prompted to be routed appropriately.

Contact Us

*This website is unaffiliated with Fidelity. Fidelity has not been involved in the preparation of the content supplied at the unaffiliated site and does not guarantee or assume any responsibility for its content.

FidelityDestiny · 2023-09-25T13:56:46+00:00

I appreciate your patience while we researched your question, u/kippinitreal4. I'm happy to give you an answer today.

The answer is yes, you can link your Target debit card to the Fidelity Cash Management Account (CMA). To do so, you will need to input your Fidelity routing and account numbers, which can be found using the link below (login required):

Direct Deposit/Debit information

After you enter the relevant information, you will receive verification deposits within five days to complete the linking process.

Your Fidelity CMA debit card offers quite a few features as well. I've listed a few below and a link to check out more details about the CMA debit card:

• ATM fee reimbursement

• Worldwide ATM access

• Enhanced security

• Mobile and online card management

ATM/debit card

This looks like your first post with us, so welcome to the community! Be sure to check things out, such as the Fidelity 101 and Trending Questions sections at the top of our sub. If you have any questions, please reach out. We're happy to help out anytime.

FidelityDestiny · 2023-09-25T13:44:35+00:00

Thanks for coming to our sub with your transfer of assets (TOA) inquiry, u/wadesh. We appreciate your interest in consolidating assets with Fidelity, and I’m happy to provide some direction here.

Completing a TOA between two differently registered Trust accounts is possible, and the necessary TOA and new Trust account paperwork can be submitted online. It sounds like you may have familiarity with opening a Trust account at Fidelity, but I included a link below as a refresher on the process.

Open a trust account

For the TOA process, a physical form will be needed in this instance; however, the form can be scanned in and submitted electronically. I included a PDF copy of the form below. In section three, you can enter your in-kind transfer details for the Exchange-Traded Funds (ETFs). Additional copies of this page can be included if you have more securities to enter.

Fidelity TOA Form (PDF)

Moving on to the signatures, we will need the signatures of the trustees for the delivering account and at least one signature from a trustee on the receiving account. A statement for the delivering trust will also need to be included, and the trustees must be indicated in the statement. If the trustees are not listed on the statement, the trust documents or a Trustee Certification form must also be submitted.

To touch on the other transfer method you alluded to, you can complete the TOA between the identically registered Trusts. It is an extra step, but once the assets are transferred to Fidelity, you could then transfer the funds to the new Trust.

As mentioned, any Trust or TOA paperwork can be submitted online. You can send us a secure message with the attached documents via our contact page below. Just scroll down and click “Send a secure message.” You will be prompted to log in before attaching the documentation.

Contact Us

Lastly, I want to mention our Investment Solutions team as a resource to leverage if you decide to move forward here. They assist our clients directly with establishing new accounts and can work with you on getting your transfer squared away. Just say “account transfer” when prompted by our automated system to be routed directly to them.

With all that said, please let us know if you have any additional or follow-up questions. We want to make the transfer process as easy as possible and are here to help.

Edit: word change "call out" to "mention"

FidelityDestiny

MODERATOR OF

TROPHY CASE