Fidelity Investments: Branch Deposits And You

Fidelity Investments has physical locations, known as Investor Centers, which offer a wide array of services to clients. While cash deposits cannot be made at these branches, clients can submit paperwork, deposit cheques, meet with an advisor, and more. Additionally, branch seminars on various investment topics are also offered for investors of all experience levels. It is recommended to reach out to a branch directly when planning a visit, as some services are by appointment only.

Fidelity branches do not accept cash deposits

Fidelity Investments is an investment company that provides products and services to help people buy and sell investments like mutual funds, stocks, and bonds. While the company has physical branches, these branches do not accept cash deposits.

Fidelity branches, also known as Investor Centers, offer a range of services to clients, including meetings with financial advisors, seminars for investors, and guidance conversations. Clients can also submit paperwork and deposit checks at these branches. However, it is important to note that cash deposits and cash withdrawals are not accepted or processed at Fidelity Investor Centers.

There are several alternative ways to deposit money into a Fidelity account, including:

• Setting up a payroll direct deposit to an eligible Fidelity account.
• Sending money via electronic funds transfer (EFT) from a bank account.
• Wiring money from a bank or third-party account.
• Depositing a check via mobile upload or mail.
• Transferring money from one Fidelity account to another.
• Transferring money using a third-party payment app, such as Venmo® or PayPal®.

While Fidelity Investor Centers do not accept cash deposits, they provide various other services to assist clients with their investment needs. It is recommended to contact the branch directly if planning a visit, as some services may require an appointment.

You can deposit cheques at a branch

Yes, you can deposit cheques at a Fidelity branch.

Fidelity has a wide array of services available at their Investor Centres, including meeting with an advisor, submitting paperwork, and making cheque deposits. While they do not accept cash deposits, you can deposit cheques in person at one of their many locations.

To deposit a cheque at a branch, you will need to bring the physical cheque with you and endorse it by signing the back. Institutional cheques should be payable to Fidelity Management Trust Company (FMTC)/FBO [account holder's name] and do not need to be endorsed. Other cheques should be endorsed with "For Deposit Only to my Fidelity Account" and the payee's signature.

Fidelity accepts various types of cheques, including cashier's or bank cheques, Federal Reserve cheques, U.S. Treasury cheques, and institutional cheques, such as those from a workplace retirement plan. However, they do not accept cheques made payable to cash or foreign cheques.

Before visiting a branch, it is recommended to call ahead and confirm their services and availability, as some locations may be by appointment only. Additionally, you can use the Fidelity website or mobile app to locate the nearest Investor Centre and its contact information.

You can meet with a financial advisor at a branch

Fidelity Investments has over 100 Investor Centers across the United States, where customers can meet with a financial advisor. These branches are open Monday to Friday, 8:30 a.m. to 5:00 p.m., and by appointment.

At these Investor Centers, customers can meet with a financial advisor to collaborate on a financial plan, discuss their goals and investment strategies, and get guidance on specific situations.

While customers can also submit paperwork and make check deposits at these branches, it is important to note that cash deposits and withdrawals are not accepted, and they do not issue cashier's checks.

Before visiting an Investor Center, customers are encouraged to reach out to the branch directly, as some services are by appointment only.

You can submit paperwork at a branch

Yes, you can submit paperwork at a branch. Fidelity has a wide array of services that are offered at their Investor Center branches. These include meeting with an advisor, making check deposits, and more.

You can find a local Investor Center using the Fidelity Investor Center Locator. It is recommended that you contact the Investor Center before arriving to set up an appointment and confirm availability. Their Investor Centers are open Monday–Friday, 8:30 a.m.–5:00 p.m., and by appointment.

It is important to note that their Investor Centers do not accept cash deposits or process distributions.

You can get a medallion signature at a branch

Yes, Fidelity Investments has branches where you can make deposits. There are several ways to deposit money into a Fidelity account, including setting up a payroll direct deposit, sending money via electronic funds transfer (EFT), wiring money, depositing a check, or transferring money via a third-party payment app.

If you are looking to get a medallion signature guarantee, you can do so at a branch of Fidelity Bank. A medallion signature guarantee is a special stamp and signature combination that verifies your identity for the transfer of securities. This service is typically provided by a bank officer, such as a branch or loan officer, and is often required when transferring a large value of assets.

To obtain a medallion signature guarantee at a Fidelity Bank branch, you will need to follow these steps:

• Make an appointment: Contact the customer care center to schedule an appointment at one of their branch offices.
• Prepare for your appointment: Gather the required documents, including a valid and unexpired government-issued photo ID, a recent statement showing full ownership of the securities, stock certificates (if applicable), completed transaction documents, and proof of authority to sign for fiduciary signers.
• Visit the branch for your appointment: Ensure that all individuals listed on the security are present. All guaranteed signers will be required to sign a Signature Guarantee Indemnity Agreement, and photocopies of documents will be made.

By obtaining a medallion signature guarantee at a Fidelity Bank branch, you can verify your identity and facilitate the transfer of securities up to a certain value.

Frequently asked questions