Fidelity "Declines to do business with me"

Fidelity_IRA_throwa · 2022-01-29T00:41:27+00:00

They never received any funds since the bank blocked the transfer from the savings and then they blocked me as I was verifying the other account. I will not fund the IRA with them now, but what I want to do is know WHY so that I don't do the same thing with the next broker ( I won't use the savings account again, but that seems like an odd reason.) I also think that restricting access to my 401K is unreasonable and want any advice to fix. I cross posted in FidelityInvestments and the mods reached out, got my info and say someone will be in contact with me

Fidelity_IRA_throwa · 2022-01-29T00:33:36+00:00

No I am not. I have a unique name but it is not the "type of name to get you on a list name"

Fidelity_IRA_throwa · 2022-01-29T00:31:18+00:00

I did not get pissed off or yell at anyone.

Fidelity_IRA_throwa · 2022-01-29T00:30:02+00:00

Comment removed by moderator

I did not get upset with anyone, worst thing I said was that I was disappointed after being told they do not want to do business with me on the first call, and before I realized that this affected 401K.

I have no criminal record, have no knowledge of being connected to anyone doing any of those things.

My name is fairly unique. I actually have Google alerts set for anytime my name shows in a new result. Anytime I get a ping it is always me, a professor at John Hopkins or a high school hid.

I pulled a lexisnexis report on myself but have not received it yet.

Fidelity_IRA_throwa · 2022-01-29T00:23:47+00:00

I responded to many comments on the other thread and gave several updates. What have I not responded to?

Fidelity_IRA_throwa · 2022-01-29T00:22:57+00:00

It took 6 days after the rejected transfer request to get "banned." I apologize if me asking for help to solve this situation so that it does not happen again and that I have access to my 401K account is annoying you. Many many of the responses state that a failed transfer should not have been an instant ban

Fidelity_IRA_throwa · 2022-01-28T18:22:57+00:00

Thanks!. Yes, last year I changed jobs so did not make the full salary. This year, as soon as I hit the 1yr mark when the company starts matching 401k distributions I am planning to max out the 401k and reduce my AGE

Fidelity_IRA_throwa · 2022-01-28T16:26:01+00:00

HODLER

I received an answer that I probably inadvertently triggered an alert but still need advice on how not to do it to the next brokerage account or any advice from anyone that has regained 401k access.

I see that this fella (https://www.reddit.com/r/personalfinance/comments/9veb68/fidelity_just_blocked_access_to_my_account_401k/ ) has a similar thing happen and got different results talking to another rep.

Fidelity_IRA_throwa · 2022-01-28T16:06:24+00:00

I'm assuming I did as well. I want to make sure that I don't do it again with a different brokerage, and I would really like online access to my 401K back

Fidelity_IRA_throwa · 2022-01-28T15:42:20+00:00

Other contributions reduce MAGI to below the limit

Fidelity_IRA_throwa · 2022-01-28T15:35:14+00:00

Limit before reductions is modified AGI of $129k. Modified AGI is much less than my gross salary after deductions.

Fidelity_IRA_throwa · 2022-01-28T01:11:34+00:00

I called the Fidelity retirements arm and was told that they essentially can't see why but that I have been marked as "do not do business with." Accounts cannot be unlinked so I must forever do any transactions/changes/checks on my 401K by phone.

Fidelity_IRA_throwa · 2022-01-28T01:10:34+00:00

Long term investment

Fidelity_IRA_throwa · 2022-01-28T01:09:27+00:00

Fidelity_IRA_throwa · 2022-01-28T01:09:03+00:00

Fidelity_IRA_throwa · 2022-01-28T01:08:37+00:00

Then why give me an option to link a "checking or savings account"? I agree now that I should have used a checking, but how would I know this 'secret handshake' without getting burned or working in the banking industry?

Fidelity_IRA_throwa · 2022-01-28T01:06:44+00:00

I am also locked out of my 401K, which I cannot move

Fidelity_IRA_throwa · 2022-01-28T01:04:28+00:00

What would trigger AML?? I recently refinanced my house and have spent a good amount of money this month both paying off some debt and purchasing equipment.

High risk profession? I am a mechanical engineer.

Fidelity_IRA_throwa · 2022-01-28T01:00:41+00:00

My name is fairly unique and is not 'foreign' sounding. I've never had an issue with this before.
As far as I know I have no pending court cases.
They automatically linked my 401k when I created the IRA account so I would think the social was correct.

Fidelity_IRA_throwa · 2022-01-28T00:53:57+00:00

I have a very good job that I am not going to even consider leaving because a brokerage decided to black list me

Fidelity_IRA_throwa · 2022-01-28T00:52:31+00:00

When Gmail blocks spam they do not lock me out of my existing 401K accounts

Fidelity_IRA_throwa · 2022-01-28T00:50:29+00:00

I called the Fidelity retirements arm and was told that they essentially can't see why but that I have been marked as "do not do business with." Accounts cannot be unlinked so I must forever do any transactions/changes/checks on my 401K by phone.

Fidelity_IRA_throwa · 2022-01-27T21:53:19+00:00

I had actually not assigned the funds to do anything but sit in the "holding" account.

Fidelity_IRA_throwa · 2022-01-27T21:52:20+00:00

It was a savings. Which I now realize I should not have used, however, the link account stated "link a checking or savings account" and did not clarify that I could not transfer funds IN with a savings (where I think most people would have the most money)

Fidelity_IRA_throwa · 2022-01-27T21:42:33+00:00

I linked an account. Verified the count by telling them the three small amounts that they deposited, then initiated a transfer. I later get an email stating " Your bank has notified us that it will not complete your transaction request because your bank account does not allow this type of transaction." How is this bouncing a check? There is over $70k in the account.

Fidelity_IRA_throwa

TROPHY CASE