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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 986 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 ****I have read other reviews that checks are held before able to be withdrawn.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 2 out of 5 by Transactions take too long This is a nice account in theory. But, transactions take too long to process. Withdrawing or depositing takes about a week on average for the money to clear, which is much too slow if you're thinking of using it to process rent and bill payments. Withdrawals have to be "reviewed" before they are processed for some reason. The ATM fee refund is a nice feature. You cannot deposit cash, which isn't really a big deal for me but could be inconvenient to some users. February 7, 2016
Rated 5 out of 5 by Truly Cash Management This account is EVERYTHING! Easy dashboard, great customer service and no fees at the ATM. I have never had a problem thus far with this account; and I'm coming up on one year. February 3, 2016
Rated 2 out of 5 by checking account Statement reporting is very poor and there are errors. When looking at the quarterly report (where are the yearly reports) when the items are expanded all the check images do not show up. If the report is saved or printed none of the check images show up so I don't know who they are to. I have to go back to the view and click on each check to see who it is to. Your checking reports are quite sub-standard compared to other banks I have used before and you don't even offer a yearly report for tax purposes. February 1, 2016
Rated 5 out of 5 by Fidelity Cash Managment Account Fidelity Cash Managment Account is excellent. I don't pay any ATMS anymore as they reimburse all fees. The customer service is good too. Also they now have a 2% back Visa credit card too. I love it :) February 1, 2016
Rated 4 out of 5 by review Good site but forms are difficult to find. Suggest one prominent location with all forms listed there (not simply statements) January 31, 2016
Rated 5 out of 5 by Easy-to-use and beneficial account with a couple limitations The Cash Management account is a great value and easy-to-use. The automatic payback of ATM fees from other banks is a significant benefit. There are two disadvantages to the account: 1) It's not possible to deposit cash into the account, and 2) deposits into the account do have a delay of a few days before the balance of the account gets updated. January 28, 2016
Rated 3 out of 5 by Many blips need to be eliminated All sorts of impediments to making the experience smooth. Dead accounts cannot be removed. Transactions seem to be in limbo. Can't finish some tasks and keep getting reminded to do them. Once these get ironed out, it might be OK, although still seems cumbersome compared to other banking websites. January 27, 2016
Rated 4 out of 5 by So far, so good We recently shifted over to the Fidelity CMA, and are happy with it so far. It's useful to have the investment and checking accounts in one place, which obviates the need for money transfers. All in all, we're happy; the only suggestion I'd have is to include an option to receive email notification of any transaction on the Visa card that Fidelity issues, as one of the competitors does. That competitor also provides complimentary credit tracking on a monthly basis. The two features provide a backstop against fraudulent transactions, and I'd recommend Fidelity doing the same. January 27, 2016
Rated 5 out of 5 by Best debit card out there I really enjoy the cash management account and the debit card. I never noticed how many ATM fees I was being charged through out the year. Usually at the end of the year fidelity has reimbursed $40-50 which is great. Their app and website is really user friendly and their customer service is always top notch! Im writing this review as im getting my co worker singed up for the account and debit card. January 25, 2016
Rated 3 out of 5 by Do not close your Bank Account If you think you can replace your Bank Account with Fidelity Cash Management Account think twice. GOOD: 1. Bill Pay service works as advertised. 2. You can setup start page to be your CMA with ease and see your balances. 3. Fidelity is available 24/7 that you can not get from your Bank. 4. You can deposit checks up to $25k with mobile device. 5. Site is easy to navigate. BAD: 1. Check images are NOT available as proof of payment (Bill Pay Services) 2. There is simply NO means of depositing cash in to your account. 3. I closed my Bank account to simplify my life. It just got more difficult. January 25, 2016
Rated 4 out of 5 by Cash Management Account The account meets all my needs. My lone request would be that it would include a description in the transfer line such that, upon review of the statement, we could see the reason we did the transfer. Would definitely help during tax time. January 25, 2016
Rated 5 out of 5 by Convenient and dependable I do not hesitate to recommend Fidlity products and services to my acquaintances. January 24, 2016
Rated 2 out of 5 by Too many problems w/ this account nearly every week I get calls to check on "suspicious" transactions. The transactions are normal that I use every day or week such as my local banks ATM, my grocery store, frequented restaurants, etc. The calls are very annoying and sometimes reach me on my cell phone while driving! I complained with each call but they still come. Before Xmas my debit card was denied at several places. When I called Fidelity they said they'd had a glitch and lots of cards were declined but it was fixed now and safe to use. I waited til next day to use it at my local bank's ATM and it swallowed my card! Today waited 15' for customer service to answer. Not good. January 20, 2016
Rated 4 out of 5 by my account Convenience is the main reason for the account, Would like to see a better return on the cash amounts in the account. January 19, 2016
Rated 3 out of 5 by Fee / transaction disclosure on the Visa card associated with the account I used the Visa card to withdraw some cash from an ATM in Italy and when I received the statement, it only shows the withdrawal amount in U.S currency. When I opened a cash management account, I was informed that I would be reimbursed for any ATM fees charged and I expect to see more details on the ATM transaction, including fees and conversion rate of currency. When I called to inquire about the ATM transaction, the representative told me that there's no details on your record other than the amount shown on the statement, which was not helpful. I feel that there should be more transparency on this type of transactions, which involved fees charged to customers that you claimed you would waived. January 17, 2016
Rated 5 out of 5 by Excellent account First, I will disclose that this review was solicited by Fidelity in an e-mail. However, I am answering honestly. I do really like this account. The free checks and ATM fee refunds are outstanding! I can also have my dividends or capital gains withdrawn to this account from my other investment accounts at Fidelity. The bill pay service, ACH/EFT service, and cash management features (overdraft protection transfers, minimum balance maintenance) are all excellent! I would like to see Fidelity offer a slightly higher interest rate on this account, plus a "savings account" where I can hold FDIC-insured cash but not provide access to this cash via debit card or check. January 17, 2016
Rated 5 out of 5 by Excellent Great product. Great service. The only thing I wish was that some things could be set up more easily such as, automatic deposits from one account to another. Love banking with Fidelity. January 17, 2016
Rated 5 out of 5 by Secure, trustworthy Very easy to use and love being reimbursed for ATM fees January 11, 2016
Rated 4 out of 5 by In office visit I felt I want given more options to invest during a visit to one of your offices in Florida January 5, 2016
Rated 5 out of 5 by Checking Account Its a great account it keeps all my finances in one place in a valuable company. December 27, 2015
Rated 4 out of 5 by GOOD New at this and continue to learn. Thank you for excellent service. December 22, 2015
Rated 5 out of 5 by Convenient Love the convenience of banking especially check deposit. Also easy investing, if only the stock market would would cooperate. December 18, 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