Starbucks Baristas: The daily grind
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Starbucks Fidelity Stock Plan (self.starbucksbaristas)
submitted by lilgian1
Hey, I have a quick question. I signed up in January for the Starbucks S.I.P program where I approved for 5% of my pay to be taken. However, when I checked my account it still says I have $0.00 why is this? It’s almost April now so shouldn’t they have been taking 5% of my pay for the past 3 months now ?
Comprehensive-Gate94 2 points 1y ago
They purchase the stocks at the end of the quarter. If you signed up in January, they will purchase at the end of March. Since it’s not the end of the quarter officially, they haven’t purchased any stocks and are holding the money until they do. This is why your fidelity account will say $0. Bottom line, they don’t purchase bi-weekly but rather quarterly on your behalf with a 5% discount.
lilgian1 [OP] 1 points 1y ago
Oh! Thank you so much! So basically by the end of March (when the quarter ends) all the money they took from my pays will buy whatever stock at the end of the quarter from the money they took?
Comprehensive-Gate94 1 points 1y ago
Yes. But after the purchase it may take between 5-10 business days to appear in the account according to fidelity.
BlackberryOpposite31 2 points 1y ago
Check your paystubs and see if any money has been coming out and going towards fidelity.
lilgian1 [OP] 2 points 1y ago
I just checked and it did. It says on my recent pay that they took $34.94. And previous pays have amounts they took as well
BlackberryOpposite31 2 points 1y ago
In that case you’ll probably want to get in contact with fidelity customer service and see where the money has ended up.
WesternEvery1779 1 points 1y ago
Yes. For now you should see it in your individual account.
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