You need an account in order to conduct transactions with Fidelity Investments. How you close your account will depend on the type of account you have. You can close your Fidelity Investment account by mail, phone or online. You can also walk into a branch and close it.
How Do I Close My Fidelity Investments Account?
Fidelity Investments is a huge financial services company with operations in many countries around the world. You need an account to conduct any type of transaction with or via the company.
Fidelity Investments offers clients a wide variety of account options. They include brokerage accounts, cash management accounts and IRA accounts among others.
Though these accounts are different and have different terms and conditions, the process of closing them is the same. The good news is that Fidelity Investments will charge you nothing for closing an account with them.
If you have any financial assets in your Fidelity Investment account, you should sell them or transfer them before closing your account. Otherwise, you will be forfeiting them to the company.
Therefore, before closing your account, you should look for a replacement. You can find amazing promotions for opening a new account on other platforms. Just ensure that you get the best deal possible.
On the other hand, you should not simply withdraw the funds from your Fidelity Investments account and leave it open. The account can be accessed by hackers and used fraudulently. Your name will be the one on the account and you could be held responsible for any fraudulent activity.
Fidelity Investments offers clients several options for closing their accounts, including the following:
The first step should be to find the Fidelity Investment mailing address. It should be clearly written on your account paperwork. Otherwise, you can simply open the company's website or mobile app and you will find the mailing address. There are different addresses depending on the type of account you have with Fidelity Insurance.
You should then write a letter to Fidelity Insurance clearly outlining the account(s) you want to close. Specify the account's opening date, phone number, account name and number.
Send your letter to the relevant mailing address and wait for confirmation from Fidelity Investments about the closing of your account. There are special cases when a fee is charged. However, Fidelity Investments will typically send confirmation along with a check for the funds remaining in your account.
Another option you have is to close your Fidelity Investment account online. The Fidelity Investments website has an internal messaging system that you can use to communicate with company officials. You can send a broker a written request for account closure.
There is also an online live chat feature that you can use to communicate with the broker.
Be ready with the account details before you send a message or initiate a live chat with a company official. You will need to provide the information to confirm your identity and also to get the funds remaining in your account if you have not transferred them.
Fidelity has many branches depending on the country in which you are located. You can simply walk into a branch and ask an official to help you close your account.
Calling Fidelity Investments is another effective way for you to close your account. The company has multiple phone numbers, so you should find the one associated with your account. The number should be on your printed Fidelity statements. Otherwise, log on to the website to find the number.
Call Fidelity Investments and ask the customer service representative to close your account. Be ready with your account information when prompted.
It's a good idea to record the details of your conversation with the representative in case there are issues with account closure. You can find the company's customer service contact information here.
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