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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 943 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 ****I have read other reviews that checks are held before able to be withdrawn.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 4 out of 5 by secure Convenience is average, customer service on the phone is excellent, at the Fidelity office just good, value excellent. November 22, 2015
Rated 5 out of 5 by Easy and Affordable I moved to a Cash Management account to avoid all the fees my bank was charging. Also, I like having my investments and my everyday spending accounts in one place. November 22, 2015
Rated 5 out of 5 by A good substitute for a bank account My husband and I have used the same local bank for years but are moving out of area and needed to have an account that will come with us. This has been an ideal solution; it's all set up and ready to take completely over when we move. The basics such as automatic deposits and payments have been very easy to establish. The refund of ATM charges makes this no more expensive than a normal local account. My only difficulties have had to do with Quicken but Fidelity provides excellent Quicken-specific customer service which I have found very helpful. November 22, 2015
Rated 4 out of 5 by Updates Account Transactions FAST Pros 1. Transactions update very fast on this account especially considering this is not a bank but a brokerage. 2. International wires are priced the same as domestic Cons 1. Customer Service is painstakingly long with unnecessary phone trees and less knowledgeable staff than traditional financial institutions. 2. Foreign transaction fees are applied when using debit card abroad November 21, 2015
Rated 1 out of 5 by Atm Taking too long for check to clear for debit use so hungry n waiting...... November 19, 2015
Rated 5 out of 5 by Completely Satisfied Completely satisfied will all aspects of the cash management account. Very easy to move money in/out, pay bills and quickly find important information. The mobile app for depositing checks is very useful and the recent camera upgrade makes the process a snap! I replaced two traditional bank accounts with the Fidelity account and money management is much easier now. November 18, 2015
Rated 5 out of 5 by Long-time, extremely satisfied customer Long-time, extremely satisfied customer for credit cards and checking. November 18, 2015
Rated 3 out of 5 by Want mobile app simply for cash management Want mobile app simply for cash management. All the clutter is annoying November 18, 2015
Rated 3 out of 5 by CM Account I just use this to accumulate cash while stocks are too expensive, at a less paltry interest rate than the bank. I do not use any account features such as check writing, etc. I guess it's a good account. It pays more than the bank, but it's still a lousy return. November 17, 2015
Rated 4 out of 5 by Mixed PRO: Free use of ATMs; no service fees to speak of CON: Mixed results with smartphone mobile deposit; have to use snail mail if mobile deposit screws up; customer service not up to speed; difficult to set up in Quicken Had a lot of trouble with mobile deposit's inability to read checks that were very clear and crisp. Also the app wouldn't use flash; so couldn't make deposits at night. The latest version of the app solved most of my complaints, thank goodness. But the thing that really gave me pause was that whenever I had a problem with this account, the Fidelity customer service people never seemed to have the answer. They had to put me on hold for an extended period and call someone at the bank. To be fair they were always courteous and eventually got me an answer (even if sometimes I didn't like the answer). November 16, 2015
Rated 1 out of 5 by Cash Account-No interest to speak of. This account is not competitive with banks or credit unions. Also, moving money to and from the account (except a wire transfer) takes a number of days. November 16, 2015
Rated 3 out of 5 by ATM card is great, jury out on other things The Visa debit card has proved very useful at ATM machines wherever I've used it. Transfer between Fidelity and my bank accounts works well. Using the checking feature has been a little challenging (partly because the first batch of checks that Fidelity sent apparently disappeared somewhere). Setting up with Quicken took more than one try but seems to be OK now. Tap to pay at ATM machines would be a very nice addition. November 16, 2015
Rated 4 out of 5 by Truly free checking, not always speedy with check deposits Electronic deposits happen as scheduled, sometimes early. Check deposits via the app take too long in my opinion. ATM fees are refunded, that means all ATMs are mine, which is nice. I wish there was a tag/categorize feature I could use with monthly budgeting. November 16, 2015
Rated 5 out of 5 by Benefits far outweigh the sacrifices I switched to Fidelity from another bank with a $7 a month checking account fee and I haven't looked back since. Fidelity's CMA is free, and they also reimburse you for ATM fees, so long as they have the VISA logo (I have yet to encounter an ATM that does not). It's easy to open a brokerage account with fidelity as well, and moving cash between accounts is simple should you wish to keep the cash in your checking account low. I had read a few complaints about direct deposits being slow, but my direct deposits generally go through the day they are submitted. The only thing fidelity cannot do is deposit cash at ATMs, but I don't mind that much as I generally don't hold a lot of cash. Another factor one may consider is that Fidelity does not distribute chip cards yet, which may be an issue when traveling to foreign countries. November 11, 2015
Rated 1 out of 5 by Limited Access to Funds Only good for putting money away that you don't need quick access to. Very low withdrawal limits. Moving money out of this account to have more flexibility and so that my money is not held hostage. Good for a rainy day squirrel fund and that is it. November 3, 2015
Rated 5 out of 5 by Secure,Thankyou Always thank you, information,security excellent. ALL research understandable, news updates explain current need to know info. Again thank you. November 3, 2015
Rated 4 out of 5 by Excellent Product Have had this account for over 15 years (back when it was the Ultra Service Account) and it continually gets better. The ATM rebates make it so easy to access cash from any ATM, anywhere--even overseas. Customer service is always courteous and excellent. Have not had a traditional bank for checking or savings accounts for years--I only use banks for credit cards, as the linked Fidelity credit cards are actually through FIA card services, which should be avoided at all cost. Even the Fidelity mobile app is far superior to anything I've seen offered by any banks. The only current downside is the continued lack of Apple Pay for the linked debit card. October 29, 2015
Rated 5 out of 5 by Very helpful account I'm just at the beginning of my account but so far it is efficient and reliable. October 26, 2015
Rated 5 out of 5 by Easy and convenient I created this account primarily to avoid transferring large amounts of money during overseas travels. I tested the system domestically and found it convenient. it is excellent value. October 19, 2015
Rated 1 out of 5 by Never in 10 years did I have a bad experience until.......... I used my card as usual and card was declined due to suspective fraudulent activity. Called card services to investigate (An outsourced function to BNY Mellon) and they told me to contact Fidelity. Fidelity couldn't see the alert on the account and made me contact 2 different #'s in order to put in a request to reopen my card. Its 5 hours later and my card still isn't open and have no idea of when it will be open. Check writing privileges are nice except when no one accepts checks. I had no way of accessing my money and was told 24 hours. An issue that took hours and still isn't resolved. On a good note, the employees were really nice and did what they could and were stuck having to enforce a cumbersome dysfunctional process. I will stand with Fidelity, but keep my brick and boarder regional bank.... October 15, 2015
Rated 2 out of 5 by Can't add positions If be better if I had the option to choose or change my core account OR change/add positions at will. Why have 6 accounts with no positions? October 13, 2015
Rated 3 out of 5 by Cash Account Withdrawal Limits My only concern with this account is that while on vacation in Greece I was not able to withdraw as much cash as I needed. I was fortunate to have a card from my other bank, otherwise I would have been in trouble. October 13, 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