Are you facing the “This account is currently ineligible for transfers due to a restriction” message on your Fidelity account, blocking your ability to carry out transactions?
Such restrictions can be a significant obstacle when it comes to seamless financial management.
This article will explore the causes of this issue and offer actionable steps to effectively resolve it.
How to Fix “this account is currently ineligible for transfers due to a restriction” on fidelity?
To resolve the issue of transfer restriction on Fidelity, you should make sure that the account is verified and ensure that the bank account is linked.
Down below, we have discussed the solution in step-by-step detail.
1. Verify Your Fidelity Account
Make sure that your Fidelity account is fully verified. If you’ve recently opened your account, Fidelity may still be in the process of verifying your information.
You may need to provide additional documentation or wait for the verification process to complete.
Here are the steps to verify Your Fidelity Account:
- Log into your Fidelity account.
- Check for any notifications or messages regarding account verification.
- If additional documentation is requested, provide the necessary information promptly.
- Allow time for the verification process to be completed by Fidelity.
2. Link Your Bank Account On Fidelity
Linking your bank account properly is essential to resolving transfer restrictions on your Fidelity account.
Once linked, Fidelity can confidently facilitate the transfer of funds, lifting any restrictions that may have been in place due to unverified or missing bank account information.
Here are the steps to Link Your Bank Account On Fidelity:
- On the Mobile App:
- Open the Fidelity mobile app.
- Navigate to the “Transact” section.
- Select “Transfer.”
- Choose the option to “Link a bank account.”
- Follow the on-screen instructions to select the account you wish to transfer funds from.
- Complete the linking process.
- On the Website:
- Visit the Fidelity website.
- Log in to your account.
- Go to “Accounts & Trade.”
- Select “Transfer.”
- Click on “Manage bank accounts.”
- Link your bank account by following the provided instructions.
3. Update Transfer Details on Fidelity
If your bank account is already linked but you’re still facing restrictions, review your transfer instructions.
Make sure that all information is current and correct. If necessary, update the instructions to reflect the correct account details.
Here are the steps to Update Transfer Details on Fidelity:
- Log in to your Fidelity account.
- Navigate to the section for managing bank accounts or transfer settings.
- Review the existing transfer instructions for accuracy.
- Modify any details as necessary to ensure all information is current.
4. Contact Fidelity Support
If you’ve followed the above steps and the issue persists, reach out to Fidelity’s customer service for assistance.
They can provide specific information about the restriction and guide you through any additional steps needed to resolve the issue.
