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.