Asset Movement Authorization (AMA) indicates the type of monetary transactions you can initiate on behalf of your customer. AMA applies to both retirement and nonretirement accounts and is usually granted when opening a new account. If your customer did not initially grant authorization, you can add it by completing the Asset Movement Authorization Form or Asset Movement Authorization Form for ID's (Individual Directed Accounts), which are located in the Forms Library. For details on permitted transactions based on AMA level, refer to Help within Integrated Cashiering Platform (ICP).
Note
The customer understands and agrees Fidelity cannot confirm the account registration at the receiving bank and will rely solely on the representations of an authorized agent/advisor as to the registration of the receiving account. The authorized agent/advisor will have the authority to direct Fidelity with regard to the timing, amount, and reason of any LIRA distribution and the amount of federal and state tax withholding to apply on the customer's behalf. The customer is advised to consult with a legal or tax advisor regarding all elections made with respect to distributions. The customer assumes the responsibility that results from any LIRA distribution initiated by the authorized agent/advisor.
| Level | Description |
|---|---|
| 0 |
(Default) No permission to initiate monetary transactions. In this instance, your customer has not granted permission to you to act on their behalf. At this level, you can only act if you attach a completed Fidelity form or Letter of Instruction (LOIN) from the customer to the transaction when it is submitted to Fidelity using ICP. For retirement accounts The Retirement Team only accepts a form. Due to Internal Revenue Service regulations concerning tax withholding for distributions, an LOIN is insufficient. |
| A (1 Limited, First Party Only) | Your customer has authorized Fidelity to accept instructions from an authorized agent/advisor to perform the following transactions: For eligible accounts Authorize one-time disbursements and the establishment of, and changes to, periodic disbursements (Periodic Distribution Plans) from this account, including:
For nonretirement brokerage accounts Transfers of cash or securities from this account to other same registration accounts at Fidelity, if this account is an individual or transfer on death account (accounts owned by the customer individually), contributions from this account to any LIRA the customer owns at Fidelity. For Premiere Select® or Fidelity SIMPLE individual retirement accounts (IR's) Transfers of cash or securities from this account to other same registration IR's that are not reported for tax purposes, distributions from this account to Fidelity nonretirement brokerage accounts the customer owns individually, conversions to Roth IR's, and transfers from this account to other Fidelity nonretirement accounts owned by the customer individually. |
| 1 (First and Third Party) |
Includes all Level 1 Limited authorizations, plus: For eligible accounts Bank wires or Eats to any third-party account the customer has authorized through standing written instructions and third-party check disbursements to any payee and address he has authorized through standing written instructions. For Premiere Select or Fidelity SIMPLE IR's Transfers of cash or securities from this account to other third-party accounts at Fidelity the customer has authorized through standing written instructions, including distributions from this account to Fidelity nonretirement accounts with different account owners and/or registrations. |
| 2 |
Includes all Level 1 authorizations, plus: For eligible accounts Bank wires to any same-registration account outside Fidelity, without direct instructions from the customer. |
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