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Old Aug 28, 2021 | 9:04 am
  #64  
sow
 
Join Date: Apr 2021
Posts: 60
Fidelity brokerage shutdown

Fidelity accounts for p2 were shutdown yesterday, used it as a hub for bank bonuses Likely what triggered was pulling 60k from one bank and then pushing 100k into another bank as soon as it settled. Was shut down 5 days after. Had 20 or so linked accounts and 6 scheduled monthly xfers in and out to satisfy direct deposit requirements. Never used the account for investing either.

Strangely though the fidelity cc is unaffected and open. I was doing 1 Simon order/month on it. Can’t redeem the pts to fidelity for the 2%, but looks like I can transfer the points over to my fidelity cc and redeem that way.

they did lock the account once and warned me to stop transferring money so much and I did reduce it, but seems like once you’ve been warned once it’s very easy to get on their radar again.

Anyone have experience of getting back with fidelity after a shutdown?
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