When it comes to investing, Fidelity Investments is one of the most trusted and reputable names in the industry. With a wide range of investment products and services, Fidelity makes it easy for individuals to manage their finances and achieve their long-term goals. However, when it comes to sending a check to Fidelity Investments, many people are unsure about where to send it. In this article, we will guide you through the process of sending a check to Fidelity Investments, including the correct mailing addresses, instructions, and tips to ensure your payment is processed smoothly.
Why Send a Check to Fidelity Investments?
There are several reasons why you may need to send a check to Fidelity Investments. Here are a few scenarios:
- You want to fund a new brokerage account or add money to an existing account.
- You need to make a payment for a Fidelity investment product, such as a mutual fund or exchange-traded fund (ETF).
- You’re rolling over a 401(k) or other retirement account to a Fidelity IRA.
Whatever the reason, sending a check to Fidelity Investments is a simple and convenient way to manage your investments.
Where to Send a Check to Fidelity Investments
The first step in sending a check to Fidelity Investments is to determine the correct mailing address. Fidelity has several different addresses depending on the type of payment you’re making and the account you’re funding. Here are the most common addresses:
- For brokerage accounts:
| Account Type | Mailing Address |
|---|---|
| New Accounts | Fidelity Investments, P.O. Box 770001, Cincinnati, OH 45277-0001 |
| Existing Accounts | Fidelity Investments, P.O. Box 9287, Providence, RI 02940-9287 |
- For retirement accounts (IRAs):
| Account Type | Mailing Address |
|---|---|
| New IRAs | Fidelity Investments, P.O. Box 770002, Cincinnati, OH 45277-0002 |
| Existing IRAs | Fidelity Investments, P.O. Box 9288, Providence, RI 02940-9288 |
- For mutual fund and ETF investments:
| Fund Family | Mailing Address |
|---|---|
| Fidelity Mutual Funds | Fidelity Management & Research Company LLC, P.O. Box 500, Cincinnati, OH 45201-0500 |
| Fidelity ETFs | Fidelity Distributors Company LLC, P.O. Box 500, Cincinnati, OH 45201-0500 |
Make sure to include your account number or Social Security number on the check to ensure it’s applied to the correct account.
What to Include with Your Check
When sending a check to Fidelity Investments, there are a few additional items you should include to ensure your payment is processed correctly:
- A completed deposit slip or investment application, if you’re opening a new account.
- A letter or note indicating the type of payment you’re making (e.g., “New brokerage account opening” or “Contribution to existing IRA”).
- A copy of your identification, such as a driver’s license or passport, if you’re sending a large check or funding a new account.
Tips for Sending a Check to Fidelity Investments
Here are a few tips to keep in mind when sending a check to Fidelity Investments:
- Use a secure and trackable mailing method, such as certified mail or FedEx, to ensure your check arrives safely.
- Make your check payable to Fidelity Investments, and include your account number or Social Security number in the memo line.
- Avoid sending cash or using a third-party check, as these may not be accepted by Fidelity.
- Allow 3-5 business days for processing, as Fidelity may need time to verify your payment and update your account.
Alternative Payment Methods
While sending a check to Fidelity Investments is a convenient option, it’s not the only way to fund your account. Here are a few alternative payment methods:
- Electronic Funds Transfer (EFT): You can set up an EFT from your bank account to Fidelity, which allows for faster and more convenient funding.
- Wire Transfer: You can wire funds directly to Fidelity from your bank account, which is ideal for large or time-sensitive payments.
- Mobile Deposit: Fidelity offers a mobile deposit feature, which allows you to deposit checks remotely using your smartphone or tablet.
Conclusion
Sending a check to Fidelity Investments is a simple and convenient way to fund your brokerage account, IRA, or other investment products. By following the correct mailing addresses and including the necessary information, you can ensure your payment is processed smoothly and efficiently. Remember to use a secure and trackable mailing method, make your check payable to Fidelity Investments, and allow 3-5 business days for processing. If you have any questions or concerns, you can contact Fidelity’s customer service team for assistance.
Where do I send my checks for Fidelity Investments accounts?
Fidelity Investments has several mailing addresses for different types of accounts and transactions. For most accounts, you can send your checks to Fidelity Investments, P.O. Box 770001, Cincinnati, OH 45277-0001. However, it’s essential to double-check the address on your account statement or by logging into your online account to ensure you’re using the correct address.
Make sure to include your account number on the memo line of the check and make it payable to Fidelity Investments. You can also include a deposit slip or a letter with your account information and any additional instructions. Fidelity will process your deposit and update your account accordingly.
Can I overnight my check to Fidelity Investments?
Yes, you can overnight your check to Fidelity Investments for faster processing. The overnight address is Fidelity Investments, 101 Lafleur Circle, Covington, KY 41015. Keep in mind that this address is only for overnight mail and not for regular mail.
Make sure to use a reputable overnight shipping service, such as FedEx or UPS, and include your account number and any necessary instructions with the check. Fidelity will process your deposit as soon as possible after receiving it, usually on the next business day.
How long does it take for Fidelity Investments to process my check?
The processing time for checks sent to Fidelity Investments varies depending on the type of account and the method of deposit. Generally, checks are processed within 1-3 business days after receipt. For overnight deposits, processing usually occurs on the next business day.
Keep in mind that weekends and holidays may affect processing times. It’s also important to note that Fidelity may place a temporary hold on your deposit while they verify the funds, which can take up to 7 business days. You can check the status of your deposit online or by contacting Fidelity’s customer service.
Can I deposit a check remotely with Fidelity Investments?
Yes, Fidelity Investments offers remote deposit capabilities through their mobile app or online platform. You can take a picture of the front and back of your check and upload it to Fidelity’s system for deposit.
Remote deposit is a convenient and fast way to deposit checks into your Fidelity account. The process is usually faster than mailing a check, and you can track the status of your deposit online. However, there may be limits on the amount you can deposit remotely, and Fidelity may require additional verification for larger deposits.
What types of checks can I deposit into my Fidelity Investments account?
Fidelity Investments accepts personal checks, cashier’s checks, and money orders. You can also deposit checks from other financial institutions, as long as they are drawn on a US bank and in US dollars.
Make sure the checks are payable to you and endorsed with your signature. Fidelity may have specific requirements for certain types of checks, such as large deposits or international checks. You can contact Fidelity’s customer service if you have any questions about depositing a specific type of check.
Can I deposit a check from a foreign bank into my Fidelity Investments account?
Fidelity Investments can accept checks from foreign banks, but the process may be more complex and take longer. The check must be drawn on a bank with a US correspondent bank, and Fidelity may require additional documentation, such as a letter of credit or a certified check.
There may be fees associated with depositing a foreign check, and the exchange rate may affect the value of the deposit. It’s best to contact Fidelity’s customer service to discuss the specific requirements and potential delays for depositing a foreign check.
How do I track the status of my check deposit with Fidelity Investments?
You can track the status of your check deposit with Fidelity Investments online or through their mobile app. Log in to your account and navigate to the “Deposit” or “Transaction History” section to view the status of your deposit.
If you’re having trouble tracking your deposit, you can contact Fidelity’s customer service for assistance. They can help you verify that the check has been received and provide an estimated time for processing. You can also set up account alerts to notify you when your deposit has been processed.