Fidelity Investments: Know Your Clearing Number Essentials

If you're looking to transfer shares to or from a Fidelity account, you'll need to know the company's clearing number. This number is used to identify the company during the transfer of shares. The Depository Trust Company (DTC) clearing number for Fidelity Investments is 0226. This number is also used by National Financial Services LLC, a subsidiary of Fidelity Investments that provides clearing and custody services to Fidelity brokerage accounts.

Fidelity's Depository Trust Company (DTC) number is 0226

If you're looking to transfer your assets to Fidelity, you'll need to know the company's Depository Trust Company (DTC) number. This is crucial if you're transferring from an old employer-sponsored plan to a Fidelity brokerage. The DTC number for Fidelity is 0226. This ensures that your assets are correctly routed to your account.

Fidelity's DTC number is also necessary when gifting shares into or out of a Fidelity account. If you're receiving shares from an outside firm, the sender will need to provide their firm with your name, Social Security number (SSN), your Fidelity account number, and your account registration information. They will also need to provide the DTC number, which is 0226, and the name and address of Fidelity Investments.

It's important to note that the process of gifting shares involves specific forms and instructions, and it's recommended to follow the guidelines provided by Fidelity to ensure a smooth transaction. The DTC number remains the same, ensuring that any assets transferred are correctly directed to the intended Fidelity account.

The DTC number is also known as the DTCC (Depository Trust & Clearing Corporation) number. National Financial Services, a subsidiary of Fidelity Investments, is listed as an affiliate with the DTCC number 0226. This further reinforces that the DTC or DTCC number for Fidelity is indeed 0226.

National Financial Services LLC is a subsidiary of Fidelity Investments

As a subsidiary, National Financial Services LLC is an affiliate of the introducing broker, and as such, it is a member of the Depository Trust Company (DTC) with the DTC number 0226. All companies that buy and sell DTC-eligible book-entry shares purchased on the NYSE or NASDAQ must be Direct or Indirect Participants, and as members, they must follow the same DTC Rules, Bylaws, and Operational Arrangements.

The National Financial Services LLC Privacy Policy outlines the company's commitment to protecting the privacy of its customers' information. The policy is reviewed annually and updated to reflect any changes. It details how and why the company obtains personal information, how it is protected, and how it is shared.

The privacy policy also specifies the categories of personal information collected, including personal identifiers such as names, postal addresses, email addresses, and account names, as well as sensitive personal information such as social security numbers and account login credentials.

The DTC number is required to transfer securities from an outside brokerage account

If you're looking to transfer securities from an outside brokerage account to a Fidelity account, you'll need to provide the other firm with specific details. This includes your name, Social Security number (SSN), and your Fidelity account number, as well as your account registration information, such as the type of account (e.g. non-retirement) and its ownership (e.g. individual or joint).

Additionally, the other firm will require Fidelity's Depository Trust Company (DTC) number, which is essential for transferring securities. The DTC number for Fidelity Investments is 0226. This number is associated with National Financial Services LLC, a subsidiary of Fidelity Investments, and it facilitates clearing and custody services for Fidelity brokerage accounts.

It's important to note that the process of transferring securities may vary depending on the specific instructions provided by the outside firm. Therefore, it is recommended to contact them directly to ensure a smooth transfer process.

Fidelity also provides guidance on transferring investment or retirement accounts, such as an individual retirement account (IRA), brokerage account, or health savings account (HSA), to a Fidelity account. This process is known as a transfer of assets, and you can choose to transfer all or just a portion of your account. To initiate the transfer, it is advisable to have a recent statement from your current firm handy, as it contains the necessary information for processing the transfer.

The ABA or routing number for direct deposits and debits is 101205681

If you're looking to set up direct deposits or debits with Fidelity, you'll need to provide the correct ABA (American Bankers Association) or routing number to the relevant parties. This number is essential for identifying Fidelity's bank during the transaction process. The ABA or routing number for direct deposits and debits is 101205681. This number is necessary when you authorise billers to debit your eligible accounts directly.

It's important to note that only non-retirement brokerage accounts are eligible for direct debit. This means that certain account types, such as self-employed 401(k) plans, Self-Directed Brokerage, SIMPLE-IRA, Fidelity Retirement plans (Keogh), and non-prototype accounts, are not eligible for Electronic Funds Transfer (EFT).

When setting up direct deposits or debits, you will also need to provide your formatted 17-digit Fidelity account number. This number is unique to your account and helps ensure that your transactions are processed accurately.

Additionally, it's worth mentioning that EFTs are generally received within 1-3 business days. If sent before 4 pm ET on a business day, funds may be available for trading immediately. However, there is a security hold period before you can withdraw the funds from your account.

Fidelity's clearing broker is an affiliate of the introducing broker

A clearing broker is a member of an exchange that acts as a liaison between an investor and a clearing corporation. They ensure trades are settled appropriately and that transactions are successful. They also maintain the paperwork associated with the clearing and executing of a transaction.

The introducing broker and the clearing broker work together to provide a seamless service to the client. The introducing broker focuses on the client relationship and provides recommendations, while the clearing broker executes the trade and ensures the transaction is successful. This arrangement allows for specialization, with the introducing broker focusing on client service and the clearing broker ensuring the trade is settled efficiently and accurately.

The use of an affiliate clearing broker by the introducing broker creates a symbiotic relationship between the two entities. The introducing broker can outsource the execution of trades, maintaining accounts, and handling financial reporting responsibilities to the clearing broker. At the same time, the clearing broker benefits from the client relationships and recommendations provided by the introducing broker. This arrangement can lead to economies of scale and expanded market reach for both parties.

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