Personal Finance (Not Investing) • Fidelity as a one stop shop

If “Money Lockdown” is enabled, can dividends still be directed to another account (e.g. the CMA account, or external checking)?

Dividends and CG can only go to fund or core account. I don’t believe you can divert to other accounts.

Can recurring transfers of earnings (dividends and cap gains) not be used when lockdown is enabled?

Yes, they can. But like any other transfer, you have to disable lockdown to do the initial setup. Here's the steps

• Disable Lock Down

• Setup the Reoccurring Transfer

• Re-enable Lock Down

The whole process is like 5 minutes, at most. I have this setup on several of my Fidelity accounts to move all dividends and interest from my various brokerage (taxable) accounts daily to a single account, where I have my paycheck deposited, etc.

Statistics: Posted by volstagg — Sat Mar 09, 2024 5:24 am — Replies 5915 — Views 976981

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