What is a brokerage account number
This number functions much like a user name, and it allows the electronic as well as human interface within your brokerage firm to identify you.
If you have multiple accounts with the same broker, you are assigned an account number for each of them. Large brokerage firms have millions of clients, and several account holders may have the exact same first and last name. To avoid confusion and speed up the process of identifying individual clients, each account holder is assigned an account number.
In some brokerage houses, the account number consists of only numbers, while other firms use a combination of numbers and letters. Having a user name makes the process of accessing your account significantly easier. When you call the customer service line, for instance, providing a combination of numbers is far quicker than spelling your first and last name, which still may not be enough if there happens to be another customer by the same name.
In addition, the account number also helps avoid mistakes. When you send a check or money order, for example, the brokerage firm instructs you to write your account number on the check. This provides an additional safeguard because both the name on the check and the account number must match before the funds are transferred.
If the clerk makes an error while entering either the name or the account number into the system, the transfer will not be completed. It is a violation of law in some jurisdictions to falsely identify yourself in an email.
All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity. If you have the checkwriting feature on your Fidelity account: Use your checks to determine your digit account number format. If you do not have the checkwriting feature on your Fidelity account: Determine your digit account number format as follows:. Brokerage accounts that begin with an X, Y, or Z: Use the Fidelity prefix followed by your Fidelity Brokerage Account number format.
In some cases employers are unable to use letters in the account number field. In order to accommodate a direct deposit in these instances, substitute the following:. Other brokerage accounts and college savings accounts: Use the Fidelity prefix followed by your 9-character Fidelity brokerage or plan account number.