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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 917 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 ****I have read other reviews that checks are held before able to be withdrawn.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 5 out of 5 by Convenient I find having access to a FDIC insured account, linked in closely with my Fidelity brokerage account to be very convenient. I also appreciate being able to access the money in my account without incurring ATM fees. October 1, 2015
Rated 5 out of 5 by Fantastic Offering, Great (read: NO) Fees Fidelity's Cash Management Account is great. It has everything you need (online and mobile access, mobile deposit, bill pay, option of 2% cash back with the Fidelity Amex# and nothing you don't #no fees for ATMs, refund other ATM fees, free checks, no monthly fees). Great product. You can purchase stocks in this account, but you also get a brokerage for no fee, so you might as well keep your investments separate. September 30, 2015
Rated 3 out of 5 by Fine but could be better The cash management account works as designed. I was hoping for a better tool given the vast resources of Fidelity. Pros: 1. deposit fidelity AmEx rewards directly into account. 2. links with brokerage account. Improvements needed: 1. User interface is clunky at best. It's fine for a brokerage account, but not as nimble for true cash management. 2. Dismal rates on cash sweeps. While the sweeps feature is nice, banks offer interest bearing checking accounts with higher yields. September 30, 2015
Rated 5 out of 5 by All around convience... If I had to find one problem I would say it's the inability to make cash deposits. Perhaps if the local investment offices were made available to handle cash deposits, i would be even more satisfied with Fidelity. September 18, 2015
Rated 5 out of 5 by Secure and Reliable Easy to use Your account without any fees is the best deal out there! The service that I receive from the fidelity staff is excellent and above the normal service that one would normally receive on this type of account anywhere else. September 15, 2015
Rated 5 out of 5 by great customer service Every time I call I get excellent help and customer service. Also super advice . September 15, 2015
Rated 4 out of 5 by Pretty good I have no complaints except that Fidelity does not send text messages when my debit or credit cards are used. For this reason i continue to keep my credit union accounts. Its a huge security feature. September 14, 2015
Rated 5 out of 5 by Easy to use I have used Fidelity for 25 years and never had a problem or issue, free checking too September 14, 2015
Rated 5 out of 5 by Best Alternative The cash management account has saved me literally thousands of dollars from the old style checking account that I used at another financial institution. The overdraft fees were killing me and eating all of my expendable income. The decision to open this account was the best decision, I could have made. It is helping me get my finances back on track. The customer service and value are wonderful. The convenience of not having the opportunity to make deposits easily could be improved. September 14, 2015
Rated 4 out of 5 by Additional Features I love the cash management account. I've been able to ditch my bank long ago for this. However, a couple features I'd like to see are the following... 1. Ability to create "buckets" in the account to sort of mark money for uses. Almost an in account budgeting tool. For example, I'd like to create buckets for vacation, grocery's, gas, auto loans, house payment, phone, etc... , and then as money is deposited into my cash account have a set dollar or percentage per month set to be marked for those buckets. All the while the total of the account is the total period. These "bukets" might have rules around them, but at the end of the day they are just there to mark portions of the total for budgeting use, or a forced savings plan. 2. A reporting and tracking tool for above with links to credit cards as well and other accounts. Kind of like Mint, but then I can see and adjust where my money is spent and going. I trust you more than Mint. I think the addition of these two things would send this service into overdrive. September 14, 2015
Rated 5 out of 5 by Fidelity Cash Management Account I love my cash management account, and it is a pleasure doing business with Fidelity. Thank you! September 14, 2015
Rated 5 out of 5 by Convenient and valuable Fidelity's Cash Management Account allows me to get cash, check my account, and transfer money between accounts with great ease on multiple platforms. September 10, 2015
Rated 5 out of 5 by johndeb Excellent experience, the only thing is, I wish you could make deposits at outside Fidelity centers with cash... Other than that I love it! September 8, 2015
Rated 4 out of 5 by safe and convinence Am very happy with my cheking and savings account.Also i use my ATM Card and am happy with the refund from ATM fees. September 7, 2015
Rated 5 out of 5 by Excellent and Convenient Account Easy to use account with checking and a truly versatile debit card. My favorite feature is the reimbursement of any ATM fees, so I don't have to scour for a specific ATM when I need cash. Unlike most checking accounts, this is also an interest bearing account, albeit a very low rate. Only downside is that there is no way to deposit cash, but I haven't really had any problem with that yet. September 7, 2015
Rated 3 out of 5 by Good account with some room for improvement The best thing about the cash management account is not having to worry about ATM fees. An area of opportunity is the speed with which charges are updated. Updates always lag by a couple of business days relative to other banks I have used, making it harder to know my exact balance because items from a couple of days ago haven't posted yet. September 7, 2015
Rated 5 out of 5 by Happy with Fidelity Went with other investment companies and none have a features like cash management! Wouldn't go anywhere else. Thanks for the great service! They even called to ensure I authorized purchases. Customer service has been exceptional. Better than any Bank or credit union as well. If you own a business, I believe you should open an account here for sure! September 5, 2015
Rated 1 out of 5 by Used to be great Until about July 2014 this card worked great for international travel. Since then travel alerts are required but Fidelity and their processing bank ignore the travel alerts frequently and reject my international ATM transactions. Do Not Count On This Card When Traveling! I set an alert, go to the same ATM and do the same exact transaction and it gets rejected. If it works, I get an email telling me of the transaction immediately. That should be enough security! September 3, 2015
Rated 5 out of 5 by great experience Have been with this bank for three years now. Love the free ATMs feature, my direct deposit averages one day earlier, customer service is good. Truly glad I chose this bank. September 2, 2015
Rated 5 out of 5 by Economical I love that ATM fees are reimbursed and the account fees are zero - at least so far. August 31, 2015
Rated 3 out of 5 by Not a bank I love some of the perks of this account, like the ATM fee reimbursements, but it takes 4-5 days to cash a check. Any time I've called about this I have been told that Fidelity is "not a bank." Unfortunately, a checking account like this is a bank service, and many people (like me) likely opened the account with bank-like expectations. August 31, 2015
Rated 5 out of 5 by No ATM Fees, Quick Direct Deposit As others have mentioned, the fact that all ATM fees are reimbursed is fantastic. Also, I have direct deposit of my paycheck into this account and a traditional bank account. The money is available a full 24 hours in this account prior to its availability at the regular bank. I appreciate earning interest (such as it is) on my money as soon as it is mine, rather than letting a bank make money on my money for a day. August 27, 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