Cash Available to Trade – BUT I want to use that money for something else now

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  • #83887 Reply
    Jasmine

      I have some T-Bill funds that just matured and deposited into my holding account in Fidelity (regular brokerage account, not IRA). The funds now appear in the ‘cash available to trade’ balance. I want to use that money for something else now, so I assume it’s fine to just transfer the money from Fidelity back to my checking account?

      I’m pretty sure the answer is yes, but just checking I’m not missing anything. I’ve only ever put money into Fidelity. I’ve never pulled anything out before!

      #83890 Reply
      Christopher

        There’s a “balances” tab, look for “Available to withdraw.” If you don’t have margin enabled, they won’t let you pull out more funds than you have available.

        #83891 Reply
        Cody

          Yes, but the cash will need to fully settle. Easy peasy and no tax consequences to withdraw the cash.

          “Cash available to trade” may not be the same as cash available to withdraw.

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        Reply To: Cash Available to Trade – BUT I want to use that money for something else now
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