Fidelity Increases Mobile Deposit Limit

Effective July 25, 2023, Fidelity will increase the limit on mobile check deposits to $500,000.


Effective July 25, 2023, Fidelity will increase the limit on mobile check deposits to $500,000 (the previous limit was $100,000). Checks over this limit may still be deposited via mobile check deposit, however, New Capital would need to request a temporary limit increase from Fidelity.

As a reminder to clients, the benefits of Remote Check Deposit include:

  • Faster fund availability with same day or next day credits posted to the brokerage account vs. waiting for mail delivery of paper check.

  • Reduce the risk of having a check lost, delayed, or stolen from the mail.

  • Diminished expenses to mail checks in for deposit via courier, overnight, and regular mail.

  • Real-time validation of deposit details to minimize errors and delays.

If you have any questions, please contact Casey Moss at 713-322-6217 or cmoss@newcapitalmgmt.com.

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