EFT
Eaton Vance Floating-Rate Income Trust
stock NYSE Closed Ended Fund

I've moved most of my money into EFT's a few times over the past few years because it's safer. I then lose patience with how slow they grow and move into high risk stocks and lose a good chunk of it. This results in me getting scared and moving it back into EFT's and the cycle begins anew.

You might want to research *bond tent.*
IShares also has bond EFT with fixed maturities so you can time out when you want your principle back.

I'm happy to jump in here!
To start, processing a successful direct deposit (push) from an external institution will be properly recorded as a 2026 IRA contribution for the year. Regarding the previously canceled EFT, once a transaction is canceled in our system, we won't process it again.
Moving along. You can initiate a direct deposit from a bank that is and isn't already linked to your account at Fidelity. To do that, we have a page on Fidelity.com that gives you the routing and account numbers needed to provide to your financial institution. You can find this info in the link below.
[Account and Routing Information (Login Required)](https://digital.fidelity.com/ftgw/digital/direct-deposit-information)
As my colleague mentioned, you can still send funds to us via EFT instructions that have been linked; however, you will need to contact us by phone to do so. If you want to send funds using this method, from a different bank, all you have to do is get it linked with us. To link a new bank, check out the following link.
[Link a Bank (Login required)](https://digital.fidelity.com/ftgw/digital/bank-setup/disambiguate)
Lastly, you don't need to do anything about the contribution tracker, but it will not reset for the year. It's important to note that this tool is used for informational purposes only, and it does not qualify whether your contribution is valid.
If any other questions come up, do not hesitate to follow up with us. We are always happy to help!

An Roth IRA based on EFT's? Or if you're worried that they might need the money at some point in their early adult hood...a regular money market account.

Thanks for the info!
Since the failed EFT is still showing $7,500/$7,500 in my IRA contribution tracker, will a successful $7,500 push from a different bank be accepted and properly recorded as my 2026 Roth IRA contribution?
Do I need to do anything about the contribution tracker showing that I’ve already contributed $7,500, or will Fidelity properly recognize the new successful contribution?
Can I initiate the $7,500 EFT from a different bank account that is not currently linked to Fidelity?
If I push the funds from my bank, what exact routing and account information should I use to make sure the money is credited to my Roth IRA?
Since I previously saw a $7,500 transaction showing as “JOURNALED,” is there any possibility that the original failed EFT could still settle or be withdrawn from my original bank account?

Welcome to the sub. We appreciate that you chose Fidelity for your new account.
I see that you already called us, so I'll share some additional information with you. When a contribution to an IRA fails, such as a rejected Electronic Funds Transfer (EFT), the contribution will not be reported to the IRS or count towards your contribution limit. However, the online contribution tracker will not reset, so you'll have to use a different method to deposit the contribution into your account. You can choose to push funds via EFT from your bank or send the funds via bank wire. You can also use linked bank instructions, but you'll need to call our customer service team to pull the funds from your bank. Lastly, you can deposit a check at an investor center or mail it to us. The links below have the different instructions needed for each process.
[Ways to Deposit Funds to Fidelity](https://www.fidelity.com/customer-service/deposit-money)
[Bank Wire to Fidelity](https://www.fidelity.com/cash-management/information-needed-wire-to-fidelity-account)
We're here to help if any other questions come to mind!

I recently opened a Roth IRA with Fidelity and attempted to make my full $7,500 2026 contribution by electronic transfer from my bank.
Fidelity showed the $7,500 contribution in my account, and the transaction says:
JOURNALED as of 2026-09-29 (Cash) — -$7,500
However, the $7,500 never actually left my bank account. I then received an email from Fidelity saying:
“Your electronic funds transfer has been canceled.”
Fidelity is now telling me that I need to use a check and go to a physical location to fund the account.
I’m wondering what I should do here:
1. Should I just leave the Fidelity Roth IRA open and try linking a different bank account?
2. Should I wait for the canceled transaction to completely disappear/reverse before trying anything?
3. Is there any risk that Fidelity will still report the $7,500 as a 2026 contribution even though the money never left my bank?
4. Would it be easier/safer to just open a Roth IRA at another brokerage and make the $7,500 contribution there?
I definitely don’t want to accidentally make an excess contribution if Fidelity ends up counting the original attempt.
Has anyone dealt with a Fidelity EFT being canceled like this? What did you do?

I've moved most of my money into EFT's a few times over the past few years because it's safer. I then lose patience with how slow they grow and move into high risk stocks and lose a good chunk of it. This results in me getting scared and moving it back into EFT's and the cycle begins anew.

You might want to research *bond tent.*
IShares also has bond EFT with fixed maturities so you can time out when you want your principle back.

I'm happy to jump in here!
To start, processing a successful direct deposit (push) from an external institution will be properly recorded as a 2026 IRA contribution for the year. Regarding the previously canceled EFT, once a transaction is canceled in our system, we won't process it again.
Moving along. You can initiate a direct deposit from a bank that is and isn't already linked to your account at Fidelity. To do that, we have a page on Fidelity.com that gives you the routing and account numbers needed to provide to your financial institution. You can find this info in the link below.
[Account and Routing Information (Login Required)](https://digital.fidelity.com/ftgw/digital/direct-deposit-information)
As my colleague mentioned, you can still send funds to us via EFT instructions that have been linked; however, you will need to contact us by phone to do so. If you want to send funds using this method, from a different bank, all you have to do is get it linked with us. To link a new bank, check out the following link.
[Link a Bank (Login required)](https://digital.fidelity.com/ftgw/digital/bank-setup/disambiguate)
Lastly, you don't need to do anything about the contribution tracker, but it will not reset for the year. It's important to note that this tool is used for informational purposes only, and it does not qualify whether your contribution is valid.
If any other questions come up, do not hesitate to follow up with us. We are always happy to help!

An Roth IRA based on EFT's? Or if you're worried that they might need the money at some point in their early adult hood...a regular money market account.

Thanks for the info!
Since the failed EFT is still showing $7,500/$7,500 in my IRA contribution tracker, will a successful $7,500 push from a different bank be accepted and properly recorded as my 2026 Roth IRA contribution?
Do I need to do anything about the contribution tracker showing that I’ve already contributed $7,500, or will Fidelity properly recognize the new successful contribution?
Can I initiate the $7,500 EFT from a different bank account that is not currently linked to Fidelity?
If I push the funds from my bank, what exact routing and account information should I use to make sure the money is credited to my Roth IRA?
Since I previously saw a $7,500 transaction showing as “JOURNALED,” is there any possibility that the original failed EFT could still settle or be withdrawn from my original bank account?

Welcome to the sub. We appreciate that you chose Fidelity for your new account.
I see that you already called us, so I'll share some additional information with you. When a contribution to an IRA fails, such as a rejected Electronic Funds Transfer (EFT), the contribution will not be reported to the IRS or count towards your contribution limit. However, the online contribution tracker will not reset, so you'll have to use a different method to deposit the contribution into your account. You can choose to push funds via EFT from your bank or send the funds via bank wire. You can also use linked bank instructions, but you'll need to call our customer service team to pull the funds from your bank. Lastly, you can deposit a check at an investor center or mail it to us. The links below have the different instructions needed for each process.
[Ways to Deposit Funds to Fidelity](https://www.fidelity.com/customer-service/deposit-money)
[Bank Wire to Fidelity](https://www.fidelity.com/cash-management/information-needed-wire-to-fidelity-account)
We're here to help if any other questions come to mind!

I recently opened a Roth IRA with Fidelity and attempted to make my full $7,500 2026 contribution by electronic transfer from my bank.
Fidelity showed the $7,500 contribution in my account, and the transaction says:
JOURNALED as of 2026-09-29 (Cash) — -$7,500
However, the $7,500 never actually left my bank account. I then received an email from Fidelity saying:
“Your electronic funds transfer has been canceled.”
Fidelity is now telling me that I need to use a check and go to a physical location to fund the account.
I’m wondering what I should do here:
1. Should I just leave the Fidelity Roth IRA open and try linking a different bank account?
2. Should I wait for the canceled transaction to completely disappear/reverse before trying anything?
3. Is there any risk that Fidelity will still report the $7,500 as a 2026 contribution even though the money never left my bank?
4. Would it be easier/safer to just open a Roth IRA at another brokerage and make the $7,500 contribution there?
I definitely don’t want to accidentally make an excess contribution if Fidelity ends up counting the original attempt.
Has anyone dealt with a Fidelity EFT being canceled like this? What did you do?

You will need to call CS and speak to a rep and tell them you never received warrant exercise instructions/email for the warrants that were DRS’d from your brokerage. It honestly took quite a while and many different attempts to get the rep to understand what I was saying. She had to escalate the case to another department and the next day I received two more emails with separate warrant exercise instructions (I DRS’d warrants from Fidelity on 2 occasions).
So now I have like 7 or 8 separate CS accounts and as many different “sets” of warrants which is kind of a pain in the ass.
I appreciate the other questions you are raising and am curious as to what you find out. Hopefully you talk to a slightly more informed rep than I had. I would specifically be curious about these questions:
\-how long in advance do I need to load my CS account with cash in order for it to be available to use to exercise? Or, do we just provide routing/account info and process like an EFT at the time and of exercise?
\-like you stated before, clarification on the electronic exercise limits would be helpful. For instance, if I have 7 different accounts with warrants, do I get one electronic exercise option for each account? I assume if I plan to exercise all warrants in all accounts, that won’t be an issue hopefully. It sounds like the issue would be if I had 15 warrants in one account and I exercise 10 of them electronically, I won’t be able to come back later and do the remaining 5 electronically.
If you happen to get a helpful rep when you call to request your exercise instruction email for your DRS’d warrants, please try and get clarification on those points above and I would love to hear what you find out.
Really appreciate you digging into this!

Thanks for bringing this to us. Welcome to Fidelity!
An error message in this instance may be related to the initial funding of your account if you haven't completed a deposit via Electronic Funds Transfer (EFT) yet. Can you let us know what the error message says in full?
We'll keep an eye out for your reply.

You could invest in an EFT then short single names to back out the worst offenders.