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Written by Drew Cochran on April 30, 2022
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How To Transfer From Fidelity To Public 2022

When it comes to investing apps, Fidelity is hard to beat. They have very few fees, and a wide range of robust, high-quality features for mobile investing.

However, when it comes to these apps, there's always a new contender with innovative features that you just can't help but want to try.

Public is a mobile brokerage that takes the investing app experience and marries it with the addicting design of a social media platform. With Public, you can engage with "social investing", where you can look at what moves other users are making, and buy into the same spread.

The coolest edge Public has is that new investors can interact with and learn from seasoned investors directly by following them on the social media side.

Alongside Public's other neat features, there's many reasons why you might want to check them out, and move your assets from Fidelity into Public. When transferring between all these apps, it's easy to get confused, and we're here to help. Today, we're going to show you how to transfer from Fidelity to Public, step by step.

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How To Transfer From Fidelity To Public

Transferring into Public is pretty simple.

You'll need to grab some account info from your Fidelity account tab, sign up for Public, and navigate their menus to transfer stocks into the new account.

Transferring From Fidelity To Public:

  1. Locate Fidelity Account Info
  2. Sign Up For Public
  3. Transfer Your Stocks To Public

Let's get started!

1. Locate Your Fidelity Account Info

fidelity-logo-PNG

When transferring assets into Public, we'll need to find and write down a couple details in order to link your Fidelity account to Public.

Public will need to know the following:

  • Type of Brokerage Account (Personal/Individual/Taxable, Roth IRA, traditional IRA, etc)
  • Your Fidelity Account Number

At the time of writing, Public may not be accepting direct transfers from 401K and Retirement accounts.

Here's how to get both inside your Fidelity app:

  1. Log in to Fidelity
  2. In the "Accounts & Trade" tab, select "Account Positions"
  3. You'll see your different accounts and their information here
  4. Take note which type of account you have (It will be listed as the name)
  5. Beneath your account type is your 9-digit account number. Write this down in a secure manner.

If you have multiple accounts with assets you want to move into Public, you'll have to write down the information for each separate account.

2. Sign Up For Public

Public Logo

Now that we've got everything we need from Fidelity, we can open your Public account.

In order to transfer your stocks from Fidelity into Public, you have to open a Public account of the same type as your Fidelity account. Personal/Individual/Taxable, Roth IRA, traditional IRA, etc.

If you open up the wrong type of account, you will be unable to transfer your stocks.

If you've already opened up the correct account type with Public, skip on down to step 3!

Use this link when signing up for a free stock slice, on us!

  1. Download the Public app
  2. Click "Get Started"
  3. Provide your phone number and name
  4. Choose your username
  5. Provide your email address
  6. Create a strong password
  7. Choose to follow some new accounts
  8. Claim your free stock slice! (only works with referral link)
  9. Confirm your citizenship
  10. Submit photo ID for fast-track verification
  11. Provide birthdate and personal information
  12. Accept Terms & Conditions if you agree
  13. Fill out investment goals questionnaire
  14. Make your first deposit by Linking your Bank

It may take a couple of days for your application to get approved.

3. Transfer Your Stocks Into Public

Finally, now that we have all the info from Fidelity, and your Public account is set up, we can transfer your stocks into Public.

Inside your Public app, take the following steps:

  1. From the main screen, click the person icon in the bottom right corner
  2. Click the gear icon on the top right corner
  3. Scroll to the bottom of the page, and click "Transfer my stocks to Public"
  4. Enter your Fidelity Brokerage Account Number, and click Next
  5. Enter your Public account info to confirm
  6. Select either "Full" or "Partial" transfer
  7. If only partially transferring, select assets to transfer

Transfer From Fidelity To Public: Final Thoughts

You have the option to transfer some or all of your assets to your new Public account. If you transfer everything over, please be advised that your account with Fidelity will close.

Public's transfers are pretty helpful, as they don't incur any taxes, and the process is really fast.

It will take a few business days for your transfer to complete, which is normal.

Fidelity doesn't currently charge any transfer fees, so this is good news too!

Article written by Drew Cochran

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