Fidelity Brokerage Negative Cash Balance
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BOB139
Member ✭✭✭
My Fidelity Brokerage shows negative cash balance.
I don't keep any cash in this account, only stocks.
How can I zero the cash balance?
This seems to be related to the settlement fund.
I don't keep any cash in this account, only stocks.
How can I zero the cash balance?
This seems to be related to the settlement fund.
0
Best Answer
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BOB139 said:When I download from my Fidelity brokerage Quicken is showing transactions that never occurred.
It constantly downloads transactions for a "Fidelity Government Money Market" but when I look at the last 6 months of my Fidelity.com history as well as my Fidelity PDF statements these transactions are not shown.
How can I have Quicken accurately download my transactions and not download things that never happened?
5
Answers
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It's simple enough to zero a cash balance but the question is why is there a negative cash balance? Settlement funds may be handled as cash or as a market mutual fund holding. An unexpected negative cash balance implies a withdrawal or share purchase without a corresponding deposit or sale of shares.
If the negative cash balance is due to a Revenue Credit to a 401k used to purchase shares, you may want to consider entering a deposit transaction. The other option is to replace the relevant Bought transactions with Added transactions.0 -
Are you deleting some or all of those downloaded money market transactions? That would account for your negative cash balance.QWin Premier subscription0
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BOB139 said:Also I just login to Fidelity.com and look under my account history for the past 90 days.
It shows 0 sale or purchase of the Money Market.
It only shows 3 transaction for a 5 cent, 8 cent, and 6 cent dividend from the Money Market.
Quicken actually seems to agree with this. How can I track down the negative balance and get it zeroed out? I also have a checking account with this issue, balance in Quicken doesn't agree with bank even though its linked for online downloads.0 -
What year, version, and build of Quicken are you running? Go to Help > About Quicken for this info.
The process to bring thing into balance may be different depending on your version.QWin Premier subscription0 -
If there's no cash in the account, where is Fidelity getting the cash for your purchase transactions? What's it doing with the cash from any sales?And, can you give us a description of this "phantom transaction"? What's in the Payee name, the memo field, the amount, etc.Lastly, "latest version" isn't a sufficient answer to Jim's question. Please do HELP, About Quicken as requested.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
The payroll transaction is, presumably, a transfer into your Fido account. What's the Moneyline transaction on the same date? A deposit or a withdrawal?What happens to that payroll deposit? Is in going into the Govt MMF or the FDIC insured account?
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Moneyline is ALSO used to transfer money OUT OF Fidelity accounts. Thus my prior question.AND, besides being a SuperUser here, I'm also a 30+ year customer of Fidelity and my accounts are located in Fidelity's "Private Client Group".SO, please answer directly and simply the questions that you are asked ... and don't pontificate
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP1 -
BOB139 said:When I download from my Fidelity brokerage Quicken is showing transactions that never occurred.
It constantly downloads transactions for a "Fidelity Government Money Market" but when I look at the last 6 months of my Fidelity.com history as well as my Fidelity PDF statements these transactions are not shown.
How can I have Quicken accurately download my transactions and not download things that never happened?
5
This discussion has been closed.