Selling stock question..

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andy1088
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Selling stock question..

Postby andy1088 » Sun May 25, 2014 10:00 pm

I have stock that vests in a few weeks from my job through Fidelity. Do you guys know if this money can be directly deposited into my bank account, or do I wait for a check? I've been having a hard time finding an answer online and no one at my job knows.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
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Capital one newcomer rewards-$500


Pave
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Postby Pave » Mon May 26, 2014 12:53 pm

andy1088 wrote:I have stock that vests in a few weeks from my job through Fidelity. Do you guys know if this money can be directly deposited into my bank account, or do I wait for a check? I've been having a hard time finding an answer online and no one at my job knows.


Not exactly directly, but... After you've sold your stocks and the transaction clears you have the money on your Fidelity account. Then you can transfer the money from Fidelity to another bank if you link the accounts. Linking takes some time days so it's a good idea to make it ASAP.
In your Fidelity online: "Accounts & Trade" -> "Transfer Money / Shares" -> "Send Funds Electronically"



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