Foreign currency in Fidelity brokerage account failure

Bob@45
Bob@45 Member ✭✭✭✭
edited December 24 in Download, Add/Update Accounts (Windows)

Windows 10 Enterprise fully updated, Quicken Premier R65.17 build 27.1.65.17

This may be related to EDacho's situation below, but is acting differently.

https://community.quicken.com/discussion/comment/20518559#Comment_20518559

I am just beginning to dabble in international trading with Fidelity. What I did was to transfer 20 Euro, in Euro (no currency conversion) into my Fidelity brokerage account. That transaction posted today.

Following OSU, when I clicked on my brokerage account register, in Quicken I received a pop-up indicating that 20 Euro had been received and asking me to confirm whether this was a new investment. I confirmed new. I then received a pop-up for purchase of a new investment called Euro, and asked wehther this was a new investment. I confirmed new.

Upon completion 1) I have a single record in my register "Bought" investment Euro, Cash Amount 20. The Transfer-in did not register apparently. 2) I also received a Securities Comparison Mismatch showing security = Foreign Currency - EUR, shared reported by Fidelity = 23.55 (I would have thought it'd be 20), Shares in Quicken = 0. Difference = 23.55

Because it shows Bought and no transfer in, my Cash Balance in the account now shows negative.

Reported using Help > Report with the same subject line "Foreign currency in Fidelity brokerage account failure", 10:43 PDT 12/24/25

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Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 24

    You say you transferred 20 Euros into your brokerage account … but was that account set up as a Euro account?

    In Q, only a single currency can ever be held in any 1 account. So if that brokerage account was created as a USD account, Q thinks that the Euros you moved in are USD.

    You'd need to create another brokerage account and establish it from the start as being Euros.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Bob@45
    Bob@45 Member ✭✭✭✭

    I figured out why 23.55 — That's the USD equivalent of 20 Euro at the time my money transferred in from my EUR bank account.

    And, some of the issue may be because the transfer in has not completely posted in all regards. When I look at the recent activity tab on the Fidelity website, I see

    image.png

    and when I look at the Balance tab, the 20 Euro is not (yet) included in any of the details (such as available to trade or available to withdraw, though it does show in the grand total balance).

  • Bob@45
    Bob@45 Member ✭✭✭✭

    @NotACPA Thanks for your response. No, the account is primarily (so far) a USD account. I can understand Q being able to handle only one currency per account. But the transfer in (regardless of whether Q would treat it as EUR or USD) simply does not show (yet), and so my balance is negative (so far).

    I'm not overly concerned with the cash balance of this account; The balances are what Fidelity's website tells me they are, not what Q tells me they are, and I don't plan to have enough cash uninvested in the account to matter to anything.

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 24

    In your first message, you said that you bought 20 Euros for $23.55 … so why would you expect the cash to still be present?

    Are you showing the 20 Euro position in your account when you click Investing Portfolio?

    And, your "(so far)" comment is simply wrong. Any account in Q can only EVER be the original currency. If I'm understanding this correctly, even your 20 Euro position is showing as USD

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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