When you deposit funds to your Fidelity account how soon will you be able to use it? Fidelity says that the cash has to settle before you can use it. For example, to purchase securities or withdraw using an ATM or transfer to another bank account. It is better than a large paper check. You may have to wait for up to a week until you can use the money.

When cash is settled you can use Fidelity Debit Card to withdraw cash at an ATM. Fidelity doesn’t have own ATMs so you rely on third party ATMs. But the great benefit of Fidelity checking account is that it offers fee reimbursement when you use ATMs.

Timeline for settling cash depends on the type of Fidelity account. You can refer to terms and conditions and read it by yourself. Most often it falls in range between 1 to 2 business days.

For example, when you sell stocks in your Fidelity Brokerage account or retirement account, it takes 2 business days for the cash to become available. Business day means if you sell stocks on Friday you may be able to withdraw money only on the following Tuesday.

On the other hand, when you sell Fidelity funds it takes only 1 business day for the cash to become available. So over weekend it can become available on Monday.

The bottom like is keep in mind the period when money are not available yet. So that you know when to expect the cash to be ready to use.