What you need to send a wire from Fidelity

To send a wire transfer from a Fidelity brokerage or cash management account, you will need the recipient's full name, bank name, account number, and routing number. Fidelity also requires you to specify the amount and provide a reason for the transfer if it is going to an account not in your name. You can initiate a wire through your Fidelity account online, by phone, or at a Fidelity branch.

Wire transfers from Fidelity typically take one business day to reach the receiving bank, though the receiving bank may take an additional day to post the funds to the recipient's account. Fidelity charges a wire transfer fee, which varies depending on your account type and whether the wire is domestic or international. Check your account documents or contact Fidelity directly for the current fee structure.

Key Takeaways

  • You will need the recipient's full name, bank name, account number, and routing number to send a wire from Fidelity.
  • Domestic wire transfers from Fidelity typically arrive at the receiving bank within one business day.
  • Fidelity charges a fee for wire transfers, and the amount depends on whether the wire is domestic or international.
  • You can initiate a wire online through your Fidelity account, by calling Fidelity's wire desk, or in person at a Fidelity branch.

Sending a wire online through your Fidelity account

Log into your Fidelity account and navigate to the "Transfers" or "Move Money" section. Select "Send Money" or "Wire Transfer" depending on your account type. Enter the recipient's bank information, including the bank name, routing number, account number, and the recipient's full name as it appears on their account.

Enter the amount you want to transfer and review all details carefully before submitting. Fidelity will show you the wire fee before you confirm. Once you submit the wire request, you will receive a confirmation number. Save this number in case you need to track the transfer or contact Fidelity about it later.

Sending a wire by phone

Call Fidelity's wire desk at the number listed on the back of your debit card or in your account statements. Have the recipient's bank information ready, including the routing number, account number, and the recipient's full name. The Fidelity representative will ask you to confirm the amount and may ask security questions to verify your identity.

After you provide all the information, the representative will give you a confirmation number and tell you the wire fee. Write down the confirmation number and the time you placed the call. If you do not receive confirmation that the wire was sent, contact Fidelity within one business day.

Sending a wire in person at a Fidelity branch

Visit a Fidelity branch with a government-issued photo ID and the recipient's complete bank information. A Fidelity representative will help you fill out the wire transfer form and will verify your identity before processing the request. You will receive a receipt with a confirmation number and the wire fee amount.

In-person wire transfers follow the same timeline as online and phone transfers — the wire typically reaches the receiving bank within one business day. Keep your receipt for your records.

Wire transfer fees and limits

Fidelity charges a fee for each wire transfer you send. The fee structure varies by account type and whether the wire is domestic (within the United States) or international (outside the United States). International wires typically cost more than domestic wires. Some Fidelity account types may waive wire fees under certain conditions, such as maintaining a minimum balance or having a certain account status.

Fidelity does not publicly post a single wire fee amount because it depends on your specific account. Contact Fidelity or check your account documents to learn the exact fee you will pay. There may also be limits on how much you can wire in a single day or over a rolling period, depending on your account type and history.

Canceling or recalling a wire transfer

Once a wire transfer leaves Fidelity's system, it is very difficult to stop or recall. If you realize you made a mistake when ready after sending the wire, contact Fidelity right away with your confirmation number. Fidelity may be able to contact the receiving bank and ask them to reject the transfer, but this is not may provide.

If the receiving bank has already accepted the wire, you cannot cancel it through Fidelity. You would need to contact the recipient's bank directly and ask them to reverse the transfer, which they may or may not do. This is why it is critical to double-check all recipient information before you submit a wire transfer.

International wire transfers from Fidelity

International wire transfers require additional information beyond what a domestic wire needs. You will need the recipient's bank's SWIFT code (also called a BIC code) and may need an IBAN (International Bank Account Number) depending on the country. Some countries also require an intermediary bank, which Fidelity will help you identify.

International wires take longer than domestic wires — typically three to five business days — and cost significantly more. Exchange rates may explore if the wire is in a currency other than US dollars. Contact Fidelity before sending an international wire to confirm all required information and to understand the full cost.

Frequently Asked Questions

How long does a Fidelity wire transfer take?

A domestic wire transfer from Fidelity typically reaches the receiving bank within one business day. The receiving bank may take an additional day to post the funds to the recipient's account. International wires take three to five business days.

Can I send a wire transfer to someone else's bank account?

Yes, you can send a wire to any bank account as long as you have the correct recipient information. Fidelity may ask you to provide a reason for the transfer if the account is not in your name, especially for larger amounts.

What happens if I enter the wrong account number?

If you enter an incorrect account number, the wire may go to the wrong account or be rejected by the receiving bank. This is why you should verify all recipient information carefully before submitting. If the wire goes to the wrong account, contact Fidelity when ready with your confirmation number.

Is there a maximum amount I can wire from Fidelity?

Wire transfer limits vary by account type and your account history with Fidelity. Some accounts have daily or monthly limits. Contact Fidelity to learn what limit applies to your account.

Do I need to report a wire transfer to the IRS?

Wire transfers themselves are not reported to the IRS, but the source of the money and the reason for the transfer may have tax implications depending on your situation. Consult a tax professional if you have questions about reporting wire transfers on your tax return.