Open an account

To open an account with Fidelity, in general you'll need the following ready:

• Your National Insurance (NI) number
• Debit card details (for a single payment) or bank or building society details (if you're planning on setting up a regular savings plan)

If you're opening a Self-Invested Personal Pension (SIPP) and 55 or over, you'll also need details of your annual allowance.

To open a junior account - a JISA or JSIPP - you'll also need:

• The child's NI number if they're 16 or over
• If you're opening a JSIPP and the child is 16 or above, the child will need to be present to agree to the tax relief declaration.

If you're transferring an account to Fidelity you'll need the details of your current provider. Learn more about transferring your investments to Fidelity.

You can hold as many stocks and shares ISAs as you like across different providers.

There is no limit to the amount of pensions you can hold. However, you should keep in mind that there are annual and lifetime limits regarding how much you can save tax efficiently in your pensions. And these are per person, not per pension scheme.

Learn more about pension allowances.

A child can hold only one Cash Junior ISA and one Stocks and Shares Junior ISA.

The total contribution between both accounts must not exceed the annual allowance of £9,000.

There is no limit to the amount of Junior SIPPs your child can have. However, you should keep in mind that there are annual and lifetime limits regarding how much you can save tax efficiently in pensions. And these are per person, not per pension scheme.

Learn more about pension allowances.

There are three main steps to opening an account:

1. Complete your personal details
   We aim to verify your identity electronically during the online process but if we’re unable to, we‘ll ask you to upload your documents online so we can confirm your identity. 
2. Add money to the account
   This can be done in one of the following ways:
   - a one-off payment with a debit card
   - by setting up a regular savings plan
   - or transferring investments from another provider to us
3. Finally, don’t forget to invest
   You can select your investments immediately, or at a later time if you need to do some research first. We have a number of guidance tools to help you. But please remember, your money is just held as cash in your account until you choose your investments.

It's important to understand fees and charges; that's why we make it easy to keep track.

• There are fees charged directly by Fidelity, which pay for our service.
• Then there are investment charges, which are set by the companies and funds you are investing into.

We don't charge anything for buying, selling or switching funds or exit fees.

We don’t charge a service fee until you’ve invested the money (cash) in your account.

Fees charged by Fidelity

• Service fee - our annual service fee pays for everything we offer, including our guidance tools, news and insights from industry experts, and our secure, easy-to-use investing platform. What you pay depends on how much money you hold in your personal accounts. It's typically 0.35%, but it can be as little as 0.2% and is not charged on investments over £1m. You can also pay it monthly. We don’t charge a service fee on investments held in a Junior ISA or Junior SIPP, but you still get access to everything we have to offer.
• Straightforward dealing fees - we don't charge anything for buying, selling or switching funds. There's a £7.50 charge for online deals on shares, exchange-traded funds and investment trusts (£30 for phone deals). There may also be government levies, Stamp Duty or taxes that apply. When you deal an international share you'll also pay a foreign exchange (FX) charge and there may be additional charges for certain international markets.

Investment charges

• Investment charges are set by the companies managing your funds. We've negotiated a discount on these for hundreds of funds on our platform. Check the investment's factsheet or Key Information Document for details.

We collect fees from a separate Cash Management Account, before we look to take money or sell from investments held in your account.

Learn more about fees and charges. 

Try our fees calculator to get an estimate of the annual service and dealing fees you'll pay when investing with us.

Calculate estimated fees.

We deduct your service fee around the first of every month. When you open an account with Fidelity, you automatically get a Cash Management Account, which is used to pay fees.

We’ll only look to sell investments to pay fees if there isn’t enough cash in this Cash Management Account. When we do this, we have a hierarchy and start by selling from your largest investment by value and by asset class. This means for example we would take the fee from the largest fund before we take it from an exchange-traded fund or investment trust.

Learn more about fees and charges. 

We do not charge a service fee on money held in your Cash Management Account and we pay interest on this account. Learn more about how we manage your cash.

We have a range of how to guides to help you explore and manage your account.