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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.

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Rated 4.1 out of 5 by 1043 reviewers.
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 Excellent & Convenient Account This is the most convenient account I have ever had compared to my checking accounts, it is a win win situation, ATM Fees reimbursed, No Minimum Balance required and Investments very easy to navigate and utilize as the online access gives tutorial & step by step instructions on how to get the most out of your accounts... Amazing Accounts November 25, 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 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 Just short of perfect Using this account to replace U.S. bank checking, I have almost all the features and less fees to boot, not to mention no fees for ATM use, the only thing i miss is a walk in bank for big cash purchases, but those are rare. April 25, 2016
Rated 5 out of 5 by No Fees All ATM fees are reimbursed, very convenient. Customer service is great too. April 21, 2016
Rated 5 out of 5 by not enough cash I am a long time account holder with FIDELITY never had any problems. Any calls to customer service resolve the problem ended well. April 19, 2016
Rated 5 out of 5 by cash account i really love the benefits of having account linked like this easier to work with April 18, 2016
Rated 4 out of 5 by All Good Except. ... I wish you could do an international money transfer without having to fax docs. Seriously. It's 2016. Who uses a fax machine for anything? April 17, 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 4 out of 5 by Overall, very satisfied! with caveat I am very happy with our account, but with some limitations you should know about if you ever receive funds from outside the country. Billpay is easy, and the ability to get cash from any bank's ATM without any fee is wonderful, even when traveling out of the country. You can easily transfer money to or from your Fidelity brokerage or IRA accounts to the cash management account. I only become frustrated with the account when I receive a money order or check from my family in Canada -- they cannot be deposited to the Fidelity account as at other banks, even when denominated in US dollars! April 17, 2016
Rated 5 out of 5 by Customer service This account gives me a place to manage cash within the Fidelity system, which I am thoroughly happy with. Fine people always ready to help. April 16, 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 The Fidelity Team I am always pleased with the information and support supplied by the professionals at Fidelity. Either in person or on the phone all staff treated me with courtesy and shown an interest in my concerns. April 11, 2016
Rated 5 out of 5 by Cash Account Fidelity gives you all the tools you need to enjoy the fruits of your retirement. April 11, 2016
Rated 5 out of 5 by The best Cash Management Account on the planet period! I wish I had opened this account 20 years ago. I Love the convenience and the fact that they pay you back your ATM Fees. Terrific!! April 10, 2016
Rated 5 out of 5 by Secure And Great This is an awesome account. ETF are fast and takes only 1 to 2 business day. The chip debit card is great and secure. There is no fees like a typically bank. I am glad i open this account, I like it very much. Only fees are wire transfer and international transactions with purchases on debit cards but there is no fee for international ATM withdrawal. April 9, 2016
Rated 5 out of 5 by Better, secure way to manage cash Fidelity does everything my bank doesn't do/can't do and without all of the drama. Whether I'm on my desktop, mobile or my landline, I can get what I need quickly and securely. On top of that, Fidelity customer service is top flight. I'm looking forward to growing my relationship Fidelity in the coming months and years. April 5, 2016
Rated 4 out of 5 by Part of my portfolio ease of transferring money to external accounts and convenience of having part of my portfolio April 4, 2016
Rated 5 out of 5 by Ease of use Been using for past 6 months, when my old bank began to charge silly, frivolous fees. Money easily accessible, site simple to use and bill paying simple. ATM fees are quickly reimbursed and will be using debit card when traveling overseas later this year as there are no transaction fee. I highly recommend a cash management account. April 4, 2016
Rated 5 out of 5 by Terrific Account I love the Cash Management Account. It has many features including free online bill pay, no minimum balance, free ATMs, free checks, and free mobile deposits. I wished I opened the account sooner. Love it. April 1, 2016
Rated 5 out of 5 by Reliable and convenience It is easy for me to withdraw money in other nations, and also it doesn't charge any fees. March 24, 2016
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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.
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