Do you have a Fidelity taxable brokerage account? It seems that Fidelity is being more cautious with mobile check deposits into the CMA vs taxable brokerage accounts for some reason (at least that is what people in Reddit are saying, CMA check deposit limited but not taxable brokerage accounts).So, at this contentious moment in time, what’s the best bet for depositing a large certified check? I’m receiving a check tomorrow for proceeds from a house sale. It was arranged by siblings and I did not realize that wiring the resultant funds would not be an option.
My choices are Fidelity- 20 year relationship for retirement accounts, two year relationship for CMA- or capital one, 20 year relationship for daily banking. Capital One ought to be the easy choice, except they closed all their branches with an easy reach.
So now I’m flummoxed. Do I schlep out to the branch an hour away, or do I take a chance on Fidelity’s mobile deposit? It would be exceedingly convenient to access the funds within five business days, but not strictly necessary.
Statistics: Posted by anon_investor — Wed Oct 02, 2024 10:17 pm