1 seems the most dangerous one. It can cause account restriction and shut down sometimes.Seems that a way to avoid the three main issues would be:
1. No paper check deposits directly to Fidelity.
2. No paper checks drawn on the Fidelity account.
3. No ACH pull transactions originated at Fidelity.
4. No debit card on the Fidelity account.
3 seems cause a long delay only. Now, Fidelity said up to 10 business day hold.
2 may be okay if that is no bounced.
Also, drawn from high balance account does not matter much.
4 having a debit card is not a problem, but debit card request was rejected several times for me.
Later Fidelity posted $250 balance is needed to request a debit card.
After adding $250, debit card was shipped properly.
I usually lock debit card most of the time unless use it.
More important thing will be the balance of the account.
Mobile check deposit limit seems related to the balance of the account.
I saw it is changing from 100k->1k->500k.
Once this limit shows 500k, I think this account is safe to use.
Statistics: Posted by swlightn — Fri Jan 31, 2025 7:39 pm