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Fidelity® Cash Management Account

All the features you need from a traditional checking account, without the bank fees.

A Fidelity® Cash Management Account includes automatically reimbursed ATM fees, no minimum balances, and easy money movement among your Fidelity accounts.

Account details

Monthly fees None
Minimum balance None
ATM fees None. All ATM fees automatically reimbursed nationwide.1
FDIC insurance

Coverage up to $1,250,000—five times more than the typical bank.2 Learn more about Safeguarding Your Accounts and view current interest rates.

Free mobile check deposit

Scan and deposit checks with your iPhone®, iPad®, or Android™ with Fidelity Mobile®.

Free checkwriting Get free checks, deposit slips, and online images of your cleared checks.
Free Fidelity BillPay® Receive and pay your bills on the web or on your mobile device.
Account dashboard Quickly and easily transfer money among your Fidelity accounts, view balances, or pay bills in one secure place.
Alerts & self-funded overdraft protection

Create your own alerts when you have excess cash to potentially invest, or link to other Fidelity accounts for overdraft protection.

See how the Cash Manager tool works.

Rated 4.1 out of 5 by 872 reviewers.
Rated 5 out of 5 by Amazing Cash Account It has been 6 months after I had made the switch from a B&M local bank to the Fidelity and I am very happy. If you have a Fidelity IRA, Brokerage, or any other account, I would highly suggest it. It is very easy to transfer money from one to another. I also love the fact that I have free overdraft protection because if for some reason I have limited funds in my checking, it will automatically pull some money from my Brokerage account. Moving money from Checking to my IRA or Brokerage essentially takes 30 seconds to begin trading with it. The ATM Free feature is amazing. I travel to Canada quarterly, and once I step into a CAN airport, I go to an ATM to obtain their currency FREE without paying a $10 commission at one of their exchange booths. Plus I get to keep less cash in my wallet since if I do need some more cash I can go to any ATM without any worry. Last thing that I love if the deposit of checks feature on the phone. My bank had no mobile option so being able not to go to a B&M bank is quite an experience. ****I have read other reviews that checks are held before able to be withdrawn. I have NOT heard of any bank that does NOT do this. Direct Deposits are ready same day, and checks take no more that 2 business days to clear. Do not let others scare you unless you are in fact living paycheck to paycheck and maintain a zero balance. October 27, 2014
Rated 5 out of 5 by Very Good! I have had a Fidelity Cash Management account for several years and never had a bad experience. I use my iPad to deposit paper checks and ATMs to withdraw cash. I also have a Fidelity American Express and the 2% rewards are deposited directly into my cash management account. Can't remember the last time I was in a bank. August 10, 2014
Rated 5 out of 5 by A Stellar Product Unlimited ATM fee rebates, easy cash transfers to all of my Fidelity and non-Fidelity accounts, and no issues accessing my cash while traveling around the world. The Fidelity Cash Management account is the most important piece of my day-to-day financial life, the hub of my cash management. I highly recommend Fidelity to anyone interested in eliminating fees and headaches of traditional bank checking accounts. I LOVE THIS PRODUCT. June 17, 2014
Rated 5 out of 5 by Leave your brick and mortar bank behind I have had a Fidelity Cash Management account for about 6 years. At the beginning I was wary, thinking I would need services from a local branch that would not be available. I slowly transitioned to relying solely on this account and about 2 years ago said good bye to my traditional bank. The service associated with this account is extraordinary; what you would expect from Fidelity. Here are the perks: 1. I travel frequently. When I need cash I can use any ATM knowing I will get unlimited rebates on ATM fees. This saves me about $20 monthly. 2. If you have any paychecks direct deposited, the money becomes available the minute it is received by this bank. Essentially, if I am due to get paid on the 15th of a month, my Company processes payroll on the 14th. While most of my colleagues do not see their money until the 15th I will see my pay mid morning, shortly after payroll is processed. 3. I was concerned that without a branch if I should loose my ATM card I would be unable to access funds for many days while this was replaced. This is not the case. If I loose my card they can wire money to anywhere in the world and overnight a new card to me. This service does noe exist from any traditional bank I know of. 4. I do all of my banking via their new upgraded mobile application. For most of my payees using their bill pay service funds are received electronically the next day. 5. I had one issue of fradulant use of my debit card. This was picked up by their security department and a replacement card was sent overnight to me. 6. The only thing missing for me is the ability to deposit cash into my account. Where Fidelity wins in my relationship is that due to this exceptional cash management system they have easily earned my investment business. I recently have come into a position where I can begin investing in IRA and traditional brokerage account. I am not looking any further than growing this great relationship they have built with me through this product. Don't be afraid, take the leap and leave your old bank behind. April 19, 2013
Rated 5 out of 5 by Easy and Helpful We love having a Fidelity Cash Management Account! It has eased our money handling through online banking that is fast, secure, and reliable. The free checking and all the other great services (especially the free ones) are a huge blessing to us. Thanks so much! We look forward to many more years as satisfied Fidelity customers! March 24, 2013
Rated 5 out of 5 by Excellent I love what fidelity has done with the Cash Management account. There are a lot of features to this account such as full view that I really like to use as well as the free ATM withdrawals. I also like the fact that I can invest and use my account as a regular checking account. I have all my accounts with Fidelity (even workplace savings) and plan to continue to use them. I have given several referrals to family and friends to open a cash management account, I should be their official sponsor! :) March 20, 2013
Rated 5 out of 5 by Convenient and Connected I started this account to replace my normal bank account, and it has everything I could ever want. Since I also use Fidelity to do my investing, I can easily transfer money between my accounts. I can easily pay my bills and accept payments online. With the mobile app, depositing checks is ludicrously simple and convenient. The one place where this account falls short is the lack of a way to deposit physical cash, but that becomes less of an issue every year. I highly recommend this account to anyone who wants to cut off your tie to a physical bank and move everything online. March 18, 2013
Rated 5 out of 5 by How do you spell awesome? FIDELITY Migrating from standard Bank Accounts to a consolidated Fidelity Cash Management Account was one of our smartest, smoothest moves in years!!! Fidelity Customer Service is awesome. Convenience features (photo deposits) is great. $0 ATM fees is terrific. I set up Cash Mgmt Account (1) as normal check writing, bill paying; Cash Mgmt Accoutn (2) for annual budgetary expenses; Brokerage Account for Investing; IRA for self and spouse. The dashboard is best way to see all Funds and the Customer Service folks are a true delight. They actually speak English too!!!!! September 30, 2012
Rated 1 out of 5 by NOT RELIABLE Fidelity allowed a company that I used 5 months ago once to withdraw a large amount money out of my account without my permission. Leaving my balance $15. I called customer service and was treated as if I was the issue and not the company that took my money. I was then told that the fraud dept would do an investigation but they won't call me back. Which is one sided considering it's my account, my money but I can't get a courtesy call back to know what's going on. I a upset and will not put any more money into my 401k with them or checking account on the basis that anyone can take my money and nothing can be done about it. July 26, 2015
Rated 5 out of 5 by Easy to use Love the ability to access funds in multiple ways. Great concise statements. Love to take my MRD's directly into the account with minimal effort. July 20, 2015
Rated 5 out of 5 by Linda Fisher I am very pleased with the account and all it has to offer and with the help that I get from Fidelity staff members. They are polite and very helpful and if they don't know the answer they refer somebody who can help. July 20, 2015
Rated 5 out of 5 by Secure I love my account, I wish I was able to go into an actual brank office is my only concern. July 20, 2015
Rated 5 out of 5 by Easy and Simple Simple and convenient, this site is friendly for the everyday user. Easy to find information about investments you are interested in. July 20, 2015
Rated 5 out of 5 by Fabulous! Outstanding Account! Great Service! I absolutely LOVE it! July 17, 2015
Rated 5 out of 5 by Great Customer Service! The reps are always very professional and well informed. July 13, 2015
Rated 4 out of 5 by Cash account Excellent except for the mobile check deposit. It allows for deposit to go through only to find out a day or 2 later the total could not be verified and you will have to mail in your check. This has happened 5 times for me. July 13, 2015
Rated 5 out of 5 by Great! Not much more I can say about this account. I have had no issues at all, and I have banked a lot of places. July 13, 2015
Rated 4 out of 5 by Checking It is fine. I don't need to receive emails for every deposit or every debit. July 12, 2015
Rated 5 out of 5 by Superior to conventional banks Interest on checking account, no ATM fees, great personal support, have recommended it to family July 12, 2015
Rated 4 out of 5 by Convenient, but missing one feature It is great to have all of my accounts in one place and to remotely deposit checks any time day or night, but it is missing an interface to Quicken and Quickbooks. July 12, 2015
Rated 5 out of 5 by Good resource info Going to Fidelity.com vs the app gives me more information. July 12, 2015
Rated 4 out of 5 by Great account Overall, I love this account. Being able to use any ATM is SUPER convenient and not having to pay fees is a super bonus. The only 2 minor things is the bill pay functionality is a little clunky, it appears most of my bills have to send a paper check and that makes me a little skeptical at times. The other is just the fact that I wished I could do a high interest savings account and get all my accounts under one roof! I'm also a little confused as to why all daily transactions don't post until around 10-11 a.m. EST, I'm unable to get a clear picture for the day on my account until then. July 9, 2015
Rated 5 out of 5 by Life is Great With Fidelity CMA! The wife and I are both senior citizens and have found life to be so much easier now that we have a Fidelity CMA. We can manage our financial needs from any computer or smartphone around the world. Everything is paperless from statements to paying bills and making deposits via a smartphone scan. Another plus is NO ATM fees worldwide while using the Fidelity Debit card. Money transfers from various accounts are simple, fast and free. No postage stamps, envelopes, standing in bank lines, or worries about using snail mail ever again. Life has become so simple and fun since we signed up for Fidelity's CMA. Try it, you'll fall in love all over again. July 9, 2015
Rated 5 out of 5 by Client Focused Other than taking a bit too much time processing/clearing transactions, the FCM Account is secure and reliable. July 8, 2015
Rated 5 out of 5 by All the features one needs Easy to use. No fee atm. The support personnel are fantastic July 8, 2015
Rated 3 out of 5 by Cost efficient I had difficulty at first with my account and I don't think the people were that knowledgeable to help solve the issues. I think everything is fine now except one nagging issue. The positions should include a cash flow summary by month. This would be a great tool for a cash management account July 8, 2015
Rated 5 out of 5 by Respectful and Friendly The Phone reps always treat me with respect.They are always reliable people who take care business in a friendly manner. Fido takes care of all my financial business. July 8, 2015
Rated 5 out of 5 by Excellent online tools and trading functions First of all, the cash management services are excellent: you get ATM fees reimbursed, plus $25k limit for check deposits. Their app works great for tracking, doing transfers, and keeping your money in check. The trading platform is also excellent. July 8, 2015
Rated 5 out of 5 by reliable and convenient Withdraw cash in Canada. No foreign transaction fee, no foreign ATM fee. Very convenient. July 8, 2015
Rated 5 out of 5 by Convenience and reliable Everything about the cash management account is great. The only exception is the interest rate. Full disclosure would be nice (if it exists I am not aware) of the delta between the actual interest rate I would get directly from the bank, versus the interest rate passed through Fidelity (I am sure there are some basis points taken by Fidelity as profit but it would be nice to know what that is, if that is what occurs). July 8, 2015
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Video about Fidelity Cash Management Account
Fidelity® Cash Management Account vs. Your Bank (1:28)

Watch a brief video to see how the Fidelity® Cash Management Account can help you save and earn money in ways that a traditional bank can't.

The Fidelity Cash Management Account is a brokerage account designed for spending and cash management. It is not intended to serve as your main account for securities trading. Customers interested in securities trading should consider a Fidelity Account®.
The Cash Balance in the Fidelity Cash Management Account is swept to an FDIC-insured account at one or more Program Banks where it earns a variable rate of interest. The deposit at the Program Bank is not covered by SIPC. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits. For more information about FDIC insurance coverage, please visit the FDIC website at www.FDIC.gov. As referenced in the FDIC Insured Deposit Sweep Disclosure Document for the Fidelity Cash Management Account, customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules. See the list of eligible Program Banks.
1. All Fidelity ATM withdrawal fees will be waived for your Fidelity® Cash Management Account. In addition, your account will automatically be reimbursed for all ATM fees charged by other institutions while using a Fidelity® Visa® Gold Check Card linked to your account at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement will be credited to the account the same day the ATM fee is debited from the account. Please note, there is a foreign transaction fee of one percent that is not waived, which will be included in the amount charged to your account. The Fidelity® Visa® Gold Check Card is issued by PNC Bank, N.A. and the check card program is administered by BNY Mellon Investment Servicing Trust Company. Those entities are not affiliated with each other or with Fidelity Investments. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to license from Visa U.S.A. Inc.
2. The Fidelity® Cash Management Account's uninvested cash balance is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. At a minimum, there are five banks available to accept these deposits, making customers eligible for nearly $1,250,000 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be higher or lower. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Refer to the FDIC-Insured Cash (Core) Disclosure Statement and list of eligible Program Banks for details. The deposits at Program Banks are not covered by SIPC.
For additional information please see the Fidelity Cash Management Account FDIC Disclosure Document (PDF)
The initial customer ratings and reviews for this product (those dated before 3/16/2012) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntarily basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Review Terms of Use. Featured Reviews have been selected based on subjective criteria and reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of use and does not include any ratings that did not meet the guidelines and were therefore not posted. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.
The ratings and experience of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.

Thank you for choosing the Fidelity® Cash Management Account