If you’re thinking about closing your Fidelity account, doing it online is often the quickest and most convenient option. Whether you’re consolidating investments, switching brokers, or simply no longer need the account, it’s important to understand the proper process to avoid penalties, fees, or unnecessary complications. This guide will walk you through how to close your Fidelity account online smoothly and securely.
Why You Might Want to Close a Fidelity Account
Before you proceed, consider common reasons people choose to close their Fidelity accounts:
- Moving investments to another brokerage
- No longer actively trading or investing
- High account fees (though Fidelity is known for low-cost services)
- Wanting to simplify financial accounts
Important Things to Know Before Closing
Before initiating the closure:
- Withdraw or transfer all funds: Your account must have a $0 balance.
- Resolve pending transactions: Any open trades, dividend payouts, or unsettled transactions must be completed.
- Download statements: You’ll lose access to your online account history after closure.
- Tax considerations: Closing investment accounts can trigger tax reporting. Make sure you’ve downloaded 1099 forms and any required documents.
How To Close Fidelity Account Online: Step-by-Step
Here’s how you can close your Fidelity account online:
1. Log in to Your Fidelity Account
Go to www.fidelity.com and log in using your credentials.
2. Verify Your Account Balance
Ensure your account has a $0 balance. If not:
- Withdraw funds to your linked bank account.
- Use the Transfer tool to move investments to another brokerage via ACAT (Automated Customer Account Transfer).
3. Go to the Customer Service Page
- Navigate to the “Accounts & Trade” section.
- Select “Customer Service” or go directly to fidelity.com/customer-service.
4. Request an Account Closure
- Use the Secure Message Center to request account closure.
- Alternatively, search “Close Account” in the Help section and follow the prompts.
- You may also be directed to fill out the Account Closure Form.
5. Confirm Closure
Once submitted, Fidelity will process your request. You may receive a confirmation email, or a representative may contact you for verification.
Alternative: Close via Phone or Mail
If you prefer not to do it online:
- Call Fidelity at 1-800-343-3548
- Mail a written request or a filled Account Closure Form to: Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0002
FAQs About Closing Fidelity Accounts
Will I be charged a fee for closing my Fidelity account?
No, Fidelity generally does not charge account closure fees.
How long does it take to close the account?
Usually 3–5 business days, depending on account activity.
Can I reopen a Fidelity account later?
Yes, you can always reapply or open a new account if needed.
Final Thoughts
Closing your Fidelity account online is a straightforward process when you follow the proper steps. Just make sure you’ve cleared out all assets and saved your statements. If you’re switching brokerages, remember to initiate the transfer from the new brokerage side for a smoother transition.
Whether you’re managing a personal finance shift or changing investment strategies, knowing how to properly close your account gives you full control over your financial decisions.