Yes! You can use AI to fill out Electronic Funds Transfer (EFT) Authorization
The Fidelity Electronic Funds Transfer (EFT) Authorization form allows an account holder to set up standing instructions for moving money between their Fidelity accounts and external bank accounts. This is essential for automating deposits, withdrawals, or transfers to your own bank or a third party's bank account, streamlining financial management. It eliminates the need to initiate each transfer manually, saving time and reducing potential errors. Today, this form can be filled out quickly and accurately using AI-powered services like Instafill.ai, which can also convert non-fillable PDF versions into interactive fillable forms.
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Form specifications
| Form name: | Electronic Funds Transfer (EFT) Authorization |
| Number of pages: | 4 |
| Filled form examples: | Form Fidelity EFT Authorization Examples |
| Language: | English |
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How to Fill Out Fidelity EFT Authorization Online for Free in 2026
Are you looking to fill out a FIDELITY EFT AUTHORIZATION form online quickly and accurately? Instafill.ai offers the #1 AI-powered PDF filling software of 2026, allowing you to complete your FIDELITY EFT AUTHORIZATION form in just 37 seconds or less.
Follow these steps to fill out your FIDELITY EFT AUTHORIZATION form online using Instafill.ai:
- 1 Navigate to Instafill.ai and upload your Fidelity EFT Authorization form or select it from the available templates.
- 2 Provide your personal details and the relevant Fidelity account numbers in the Account Owner section.
- 3 Complete the EFT Authorization section with your bank account details, including routing and account numbers, for transfers to and from your own account.
- 4 If applicable, fill out the 3rd Party EFT Authorization section for transfers from your Fidelity account to someone else's bank account.
- 5 Carefully review all entered information for accuracy, ensuring names and account numbers match your banking documents precisely.
- 6 Sign and date the form in the designated signature section. A Medallion signature guarantee may be required for 3rd party authorizations.
- 7 Download the completed form and submit it to Fidelity through their digital upload portal or by mail as instructed on the form.
Our AI-powered system ensures each field is filled out correctly, reducing errors and saving you time.
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Frequently Asked Questions About Form Fidelity EFT Authorization
This form establishes standing instructions to allow routine money transfers between your Fidelity account and a bank account. It is used to set up the connection, not to request a specific, one-time transaction.
Use Section 2 to link your own bank account for transfers both to and from Fidelity. Use Section 3 only if you want to send money from your Fidelity account to an account owned by another person.
You must attach a voided check, a preprinted deposit slip, or a bank statement. The document must clearly show the preprinted bank account number and the names of all account owners.
A Medallion signature guarantee is required in Section 5 if you are setting up 3rd Party EFT to send money to someone else's bank account. It is not needed for setting up transfers to your own bank account.
After Fidelity processes your form, the EFT service may be unavailable for the first four to five days. You should wait until this period has passed before attempting your first transfer.
The fastest method is to scan or photograph the completed form and required documents, then upload them at Fidelity.com/upload-EFT. If you cannot upload digitally, mailing instructions are available on the Fidelity website.
Fidelity does not charge a fee to use the EFT service. However, your own bank or financial institution may have its own transaction fees.
Yes, for transfers initiated on Fidelity.com, there is typically a maximum cumulative daily limit of $100,000 for transfers out of Fidelity and $250,000 for deposits into Fidelity.
EFT is not available for certain accounts like Workplace Self-Directed Brokerage or Money Purchase Plans. Additionally, 3rd Party EFT is not available for HSAs, Business Accounts, or Self-Employed 401(k)s.
If your bank account is also owned by the same trust, the supporting document must show the full trust name and trustee names, matching your Fidelity account. If the bank account is personally owned, the document must list your full name.
Yes, services like Instafill.ai use AI to accurately auto-fill form fields from your saved profile, which can save you time and help prevent errors.
You can use a service like Instafill.ai to fill out the form online. Simply upload the PDF, and the tool will allow you to type your information directly into the fields before printing for signature.
If you have a non-fillable or 'flat' PDF, tools like Instafill.ai can convert it into an interactive, fillable form. This allows you to easily type your information instead of filling it out by hand.
Any EFT transaction from your Fidelity IRA is considered a distribution and will be reported to the IRS. This distribution will generally be taxable income unless it is properly rolled over within 60 days.
Compliance Fidelity EFT Authorization
Validation Checks by Instafill.ai
1
Signature and Date Presence
This check verifies that at least one signature and a corresponding date are provided in Section 5. The form cannot be processed without authorization, which is legally established by the signature and date. If a signature or date is missing, the form is considered incomplete and will be rejected, delaying the setup of the EFT service.
2
Bank Routing Number Format
This validation ensures that the Bank Routing/ABA Number entered in Section 2 or 3 is a valid 9-digit number. This number is critical for correctly identifying the financial institution in the ACH network for electronic transfers. An incorrect or improperly formatted routing number will cause the transaction to fail and must be corrected before the EFT can be established.
3
Bank Account Type Selection
This check confirms that for any bank account information provided in Section 2 or 3, exactly one box ('Checking' or 'Savings') has been selected. This designation is required to process EFT transactions correctly, as the transaction codes can differ between account types. Failure to select one and only one option will result in an ambiguous instruction and rejection of the form.
4
Medallion Guarantee Requirement for 3rd Party EFT
This validation confirms that if Section 3 (3rd Party EFT Authorization) is completed, a Medallion signature guarantee is present in Section 5. This guarantee is a special stamp that verifies the identity and signature of the account owner, protecting against fraudulent transfers to an external party's account. A missing Medallion guarantee for a 3rd party request will cause the form to be rejected due to the high security risk.
5
Supporting Document Attachment
This check verifies that a supporting document, such as a voided check, preprinted deposit slip, or bank statement, has been attached or uploaded with the form. This document is required to visually confirm the bank account ownership, routing number, and account number. Without this proof, Fidelity cannot verify the bank account details, and the EFT setup will be denied.
6
1st Party Name Consistency
This validation ensures that the owner name(s) listed for the bank account in Section 2 exactly match the Fidelity account owner name(s) listed in Section 1. This is a fundamental security measure to ensure funds are being transferred between accounts owned by the same entity or individual. A mismatch in names indicates a potential 3rd party transfer being incorrectly submitted as a 1st party transfer, and will result in rejection.
7
Date Format and Validity
This check ensures that any date entered in Section 5 follows the MM/DD/YYYY format and is not a future date. A valid, current date is required to establish when the authorization was legally granted. An invalid format or a future date would render the authorization void and cause the form to be returned for correction.
8
Mutual Fund Account Signature Rule
This validation checks if any Fidelity account number provided begins with a '2' followed by two letters, which identifies it as a Mutual Fund Account. If such an account is listed, the system verifies that all registered owners of that account have signed in Section 5. Failure to obtain all required signatures for this account type will result in the form being rejected as incomplete.
9
Fidelity Account Eligibility for EFT
This check verifies that the Fidelity account numbers provided are eligible for the requested EFT service. The form explicitly states that certain accounts, like Workplace Self-Directed Brokerage or HSAs (for 3rd Party EFT), are ineligible. This validation prevents attempts to set up services on non-supported accounts, avoiding future transaction failures and customer confusion.
10
EFT Section Completeness
This check ensures that the user has filled out the necessary fields in either Section 2 (EFT Authorization) or Section 3 (3rd Party EFT Authorization). The purpose of the form is to establish one of these services, so at least one section must be completed with a Fidelity account number and bank details. If neither section is completed, the form has no actionable instruction and will be rejected.
11
SIMPLE IRA EFT Type Restriction
This validation confirms that if a provided Fidelity account is identified as a SIMPLE IRA, the request is for 3rd Party EFT (Section 3) only. The form states that only 3rd Party EFT is available for SIMPLE IRAs. If a user attempts to set up 1st Party EFT (Section 2) for a SIMPLE IRA, the request will be flagged as invalid and rejected.
12
Conditional W-8 Reason Requirement
This check applies if the account owner is a W-8 certified customer requesting transfers to a country different from their country of tax residence. It verifies that the 'Reason' field in Section 4 has been filled out. This explanation is required for compliance and regulatory purposes, and its absence under these specific conditions will halt processing.
Common Mistakes in Completing Fidelity EFT Authorization
Users often fill out the wrong section, either Section 2 (for their own bank account) or Section 3 (for someone else's). This happens due to not carefully reading the section headers. Submitting the wrong section leads to rejection, as 3rd Party EFT has stricter requirements like a Medallion signature guarantee and only allows transfers FROM Fidelity. To avoid this, carefully determine if the bank account owner is identical to the Fidelity account owner and complete only the corresponding section.
People frequently enter a variation of their name (e.g., 'Bob' instead of 'Robert', omitting a middle initial) that doesn't exactly match their bank account records. The form requires the name(s) to be listed 'Exactly as on Bank Account' for verification. This discrepancy will cause the authorization to fail, delaying your ability to transfer funds. Always reference a bank statement or check to ensure the name is identical across both institutions.
A primary reason for rejection is failing to attach the required supporting document, such as a voided check, preprinted deposit slip, or bank statement. Users may overlook the instruction box or assume the account numbers are sufficient. Without this proof of account ownership, Fidelity cannot process the request. Always double-check that you have securely taped a valid document to the designated area in Section 2 before submission.
Even when a document is attached, it may be invalid if the account number and all owner names are not preprinted and unaltered. Submitting a starter check, a handwritten deposit slip, or a bank statement that doesn't list all owners will lead to rejection. Ensure the document you provide is an official, unaltered item from your bank with all required information clearly preprinted on it.
For 3rd Party EFT setups, a Medallion signature guarantee is mandatory, but many people mistakenly obtain a more common notary stamp. The form explicitly states a notary is not acceptable, as a Medallion guarantee provides a financial backing that a notary does not. This error results in immediate rejection of the form. You must visit a qualified financial institution like a bank or credit union to obtain a proper Medallion signature guarantee.
Manually typing or writing long strings of numbers like the bank routing (ABA) and account numbers is highly prone to transposition or other data entry errors. A single wrong digit will cause all transfer attempts to fail, and it can be difficult to diagnose the issue after the fact. To prevent this, carefully double-check the numbers against your check or bank statement. AI-powered tools like Instafill.ai can help by automatically extracting and validating this information from a document to ensure accuracy.
The form may be rejected if it lacks the necessary signatures in Section 5. Forgetting to sign is a simple oversight, but users also miss the specific rule that for Mutual Fund Accounts, all owners must sign. This causes processing delays until a correctly signed form is resubmitted. Always review Section 5 to confirm all required parties, including joint owners or trustees, have signed and dated the form.
Applicants often miss the 'Helpful to Know' section, which lists account types ineligible for EFT, such as Health Savings Accounts (HSAs), Workplace Self-Directed Brokerage, and certain business accounts. Submitting a form for an ineligible account wastes time and effort, as it will be automatically rejected. Before filling out the form, confirm your specific Fidelity account type is eligible for the EFT service you are requesting.
The form has very specific, and often misunderstood, rules for certain retirement accounts like SIMPLE IRAs and Self-Employed 401(k)s. For example, a user might try to set up a 1st Party EFT on a SIMPLE IRA, when only 3rd Party is allowed. This lack of awareness leads to an incorrect setup and form rejection. It is crucial to read the specific bullets related to your account type to ensure you are following the correct procedure.
Although the form instructs users to type or use capital letters, many submit handwritten forms that are difficult to read. Poor handwriting can lead to clerical errors when Fidelity staff manually enter the data, resulting in incorrect account numbers or names and failed transfers. To avoid this, either type directly onto the PDF before printing or write very clearly in all caps. Since this form is a non-fillable PDF, a tool like Instafill.ai can convert it into a fillable version, ensuring all entries are perfectly legible.
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