![]() Peer-to-peer transfer: Money-transfer apps and platforms like Zelle, Venmo and PayPal let you receive money from other people.However, you’ll have to share your bank information with the individual sending you money, so don’t agree to a transfer from a business or individual you don’t know well. Although you and they might be charged a fee, wire transfers are secure and can be initiated quickly in most cases. Wire transfer: If someone wants to send you money from their account at a different bank, or from a service like Western Union or MoneyGram, they can schedule a wire transfer.Once you’ve connected the accounts by following the bank’s instructions, which you’ll generally find in online banking, you can transfer money between the accounts. ![]() External transfer: Some financial institutions let you link accounts held by different banks.Account transfer: If you have more than one account at your bank, you can use mobile or online banking to deposit funds by transferring them from another account.To have your paychecks direct deposited, fill out a direct deposit form provided by your bank or employer. You can enroll online to receive government benefits this way. Direct deposit: Direct deposit lets you receive recurring payments, such as paychecks and government benefits, directly to your bank account.Standard in-branch, ATM and mobile deposits aren’t your only options for depositing money. More Ways To Deposit Money Into Your Bank Account Subtract any cash-back amount, and write the amount that remains in the “total” space. Total deposit: Add up the individual deposits and write the amount in the subtotal box.Cash back: For check deposits from which you’re taking back some cash, write how much cash you want back on the designated line.List the total amount of cash you’re depositing in the space indicated, and list each check separately, writing the check number on the line and the corresponding check amount in the box. Amount of the deposit: On what will usually be the right side of the deposit slip, you’ll see several lines with designated single-space boxes meant to hold a single number.Date of the deposit: Print the date you’re making the deposit.You can also find it when you log in to your online account. Your account number: The account number is usually found in the center section of numbers at the bottom of the checks in your checkbook, or on monthly statements for your checking or savings account.Your address: Print your street address, city, state and ZIP code in the assigned spaces.Your name: Print your first name, middle initial and last name on this line.You cannot access your funds directly from a program bank. Fidelity automatically performs all transfers between the program banks and your account. Balances that are swept to the Money Market Overflow are not eligible for FDIC insurance but are eligible for SIPC coverage under SIPC rules (referenced below). Deposits swept into the program bank(s) are eligible for FDIC Insurance, subject to FDIC insurance coverage limits. Please carefully consider an account's fees, features and services before investing.Ĭash balances in the Fidelity ® Cash Management Account are swept into an FDIC-Insured interest bearing account at one or more program banks and, under certain circumstances, a money market mutual fund (the "Money Market Overflow"). Funds swept into the Money Market Overflow will be held in the Fidelity Government Money Market Fund and earnings will be based on the fund's 7-day yield - Class S ( | Get Prospectus). An updated list of banks that are participating and are accepting deposits is available at. Depending on the then available bank capacity or for balances that exceed FDIC Insurance coverage, balances above $5,000,000 may be swept into the Money Market Overflow. Customers will earn the APY shown on cash balances up to $5,000,000. The Money Market Mutual Fund Overflow is for cash balances that exceed FDIC insurance coverage limits or cannot be swept to a program bank due to either a lack of bank capacity or unavailability of FDIC insurance. Balances that are swept to the Money Market Overflow as well as any other securities held in the account are not eligible for FDIC insurance but are eligible for SIPC coverage under SIPC rules. ![]() ![]()
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