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 1139 reviewers.
Rated 5 out of 5 by Simple, convenient, integrates with my other investments I've had a cash management account since a cross-country move meant I needed to close my checking account at a local credit union. Because I already had other retirement savings at Fidelity, unifying all my finances in one place with a cash management account seemed reasonable to try - and I'm so glad I did. Having all my financial information in one central location - including the wonderful iPhone app - makes managing my money easy, convenient and even a little fun. June 13, 2016
Rated 5 out of 5 by Efficient, easy, even cost-effective This is a brilliant account feature & one step further to making Fidelity a one-stop-shop for personal finance & money management. This account enables one to rid themselves of a traditional checking account & direct deposit money to Fidelity while also quickly being capable of transferring money to other accounts, pay bills automatically, even withdraw cash from any ATM with no fees. If you have a personal portfolio with Fidelity or a CC with Fidelity (I have both) it makes it easy & seamless to direct deposit money into your cash management account & automatically pay your CC, automatically fund your IRA, automatically contribute to mutual funds, etc... So you can spend less time cleaning up your finances & paying bills & more time doing what you love. April 17, 2016
Rated 5 out of 5 by Perfect for retirement I wanted one-stop shopping for my financial needs in retirement so I opened a cash management account. It it perfect for me - checking, Debit/ATM, credit card, online bill pay, transfer funds to another bank - it is all there. Plus the convenience of moving funds from mutual funds to cash management, and funding my grandkids Fidelity 529. ATM fee reimbursement is icing on the cake. One screen lets me do everything. No more brick and mortar for me. 10 out of 10. April 12, 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 5 out of 5 by nice job This cash management account for our daily household account works just as advertised. Easy to use. A good number of automatic features. On line control. And the feature I really like is the reporting of deposits, checks, etc., that hit the account during the day are shown immediately and noted as pending, etc. Good up to the minute information. Over all an excellent money management account. December 10, 2015
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 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 investments I have enjoyed working with my Fidelity investor who I believe has my best interests at heart. September 22, 2016
Rated 5 out of 5 by Convenient and user friendly Love the account. As stated its convenient and user friendly. Thank you. September 21, 2016
Rated 5 out of 5 by Wonderfully convenient! I had a checking account w/ the same bank for 30 years, so the decision to change wasn't one I made lightly. I'm so glad I did. It's great having all my finances in one spot. September 21, 2016
Rated 5 out of 5 by My. Chkg. Reliable and secure and trustworthy I have been with Fidelity for over 20 years. September 18, 2016
Rated 1 out of 5 by Available Funds Warning Warning. When you make a deposit into your cash account, they sit on the funds for 4 business days and don't give you access to any of it. Other banks trickle the funds to you starting the day of deposit. September 16, 2016
Rated 4 out of 5 by Would be perfect if there where no foreign transaction fees. If you don't travel a lot not an issue. But the competition does not charge this fee and that is enticing. September 16, 2016
Rated 5 out of 5 by excellence I did my name change BC I married,asked for new card and received it within 3 business days! Service Representatives are always a pleasure to speak with and very helpful with whatever we need! Extremely knowledgeable about all products offered*Fidelity keeps your money safe and my family and I are extremely pleased and loyal. 9 yrs strong!!! Thank You Fidelity! September 12, 2016
Rated 5 out of 5 by Great Place to Save This is one of the best place to bank, I open the Cash Management Account to save my money but it can also be use for everyday transaction, and the best part is Fidelity will actually refund all your ATM Fees which a lot of the other bank will not do. September 8, 2016
Rated 2 out of 5 by Not working that well. I've loved using Fidelity for my IRAs so I decided to try one of their regular banking accounts for some of my savings. I've decided to close the account because it's been nothing but frustrating. When I first created the account online the account creation wizard had me create two different accounts. I assumed it was because I needed an FDIC insured banking account and a brokerage account to do my trades and that I needed to transfer money between them. It turns out that I only needed one account. The other problem I've had is I created a joint account and I've been trying to set up the beneficiaries. The web site keeps telling me that my request is pending and should be approved in a couple of days but it never gets approved. This is about the 5th time I've tried. For me it is going to be easier to keep my savings in just a normal banking account. September 7, 2016
Rated 4 out of 5 by Great account The fidelity CMA is much better than a bank checking account. The only things that could be improved is making fidelity full view available on mobile and adding a few more customization options to full view. September 6, 2016
Rated 5 out of 5 by Great for Travel Opened this account to be able to withdraw cash at ATMs internationally. So far, it's been great. Easy to transfer cash in and out of the account September 6, 2016
Rated 5 out of 5 by happy account is great. Should list the name of source of deposit and check/withdrawl on the summary page to make it easier to track. September 6, 2016
Rated 4 out of 5 by Just need one simple feature All mainstream online banking sites support downloading the monthly statements as some common file format, for example .QFX, to interchange data with 3rd party financial software. Fidelity is lack this feature and it make bookkeeping very difficult. Wish to see this feature. September 6, 2016
Rated 5 out of 5 by Way better than any bank I can say I've gotten total control of my bills with the bill pay features. I've even dumped my credit union Access Credit. I've set up direct deposit for me and my wife's employer. Everything is right there my pension 401k Roth IRA. The kool part is my wife has fidelity at her work place so the joint cash management accounts are also link to her 401k. I hate I found out about this so late! Ive even bought my first stocks.the fidelity app is great!!! I highly recommend the fidelity cash management account!!! $!!! $#!#$ September 3, 2016
Rated 5 out of 5 by Secure and Informative No issues, I like the format and presentation and content August 30, 2016
Rated 5 out of 5 by Fid CMA Brings bill paying, credit cards, checking, investment, savings, IRA and 401k accounts together. Nice to consolidate everything under one roof. August 30, 2016
Rated 2 out of 5 by Cash Witholding Account? A fidelity rep at my place of work sold me on Fidelity, so I embarked on a month-long process of extricating myself from [redacted] bank (Mortgage, utility autopays, direct deposit, etc, etc). At first I was thrilled by ATM fee refunds and cash back with the paired VISA card, but the honeymoon ended quickly to the extent that I have been considering switching back to [redacted] bank. My disappointment stems from the anachronism that is Fidelity's firm and non-negotiable $500 dollar daily ATM withdrawal limit. This annoys me for several reasons. First, its not 1993. $500 doesn't get you what it used. Twice I've been left in an embarrassing situation because of this limit (once while trying to pay for a cash-only restaurant tab with friends and my wife had used the ATM already that day, and the other time I was trying to buy a chair for my apartment but had to back out of the deal). When you have two adults sharing a checking account, there are many circumstances that might leave you in a situation where you need > $500 outside of normal banking hours. Secondly, when I called customer service, not knowing that I had zero chance of getting an increase, I was led to believe by the rep that it was just a matter of getting it approved and through the system. A few weeks later when I again hit the spending limit, I called to find out why the increase had apparently not gone through. I was told that it is "very rare" to get an increase and the answer was no and the "decision was final and wouldn't be changed". I was kind of stunned. No explanation, no justification, just "no". I could be wrong but I would be willing to argue that possibly the most essential function of a "cash management account" is to have access to your cash, and ATMs are how people generally access their cash in 2016. After being told "no", the rep explained that there's a super convenient alternative method for exceeding the withdrawal limit: You can just write yourself a check and cash it at another bank like the year was 1982. Change the limit to $1000 and this would have been a very different review. August 29, 2016
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