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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 792 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 ****I have read other reviews that checks are held before able to be withdrawn.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 Account I opened cash management account and had one hundred dollars transferred from another account. A few weeks later I deposited a cashiers check for 565.00 which I was advised it would clear the next business day. However this was not true and it actually took four days to clear. I had three ach payments scheduled and they were returned as insuficient funds not uncollected and I explained to the rep after I was advised of the four day hold. Requested a supervisor after rep could not grasp the information supervisor returned the fees that were charged by the creditors. After that ordeal I was informed if the funds had been sent as a wire they would have been availible. April 15, 2015
Rated 4 out of 5 by Easy to Use New to investment and find Fidelity very easy for me to use. April 14, 2015
Rated 4 out of 5 by suggested Improvements Overall the cash management account is good. Two suggested improvements would be: 1) at the option of the customer, cash should be permitted to flow between the cash management account and a cash or margin brokerage account without physically having to make the transfer in case of excess cash or a shortage of cash in the brokerage account, and 2) an error in remote deposit should be correctable on-line without having to mail the check in. Example, if I gave a check for $984.75 and enter it as $884.75 current policy requires the check to be mailed in rather than re-deposited correctly. Since the check will already have been endorsed for deposit to Fidelity, mail in is only option now since it cannot be deposited to another, local account. April 14, 2015
Rated 3 out of 5 by Should work better with Quicken This account satifies my needs, but I wish it would work better with Quicken. I have been using Quicken many years for mananging my accounts, however this account has multiple issues. Other accounts seem to do fine, but not this one. The problems are related to downloading transactions. April 14, 2015
Rated 5 out of 5 by Excellent Customer Service Although a 10+ year Fidelity member, the few times we've needed to contact Fidelity have been a pleasure. Professional, courteous staff are eager to assist with any issue. Most recent contact quickly resolved an issue with my wife's VISA debit card. Both the Fidelity and FIA card reps were very respectful and helpful. Problem was solved on this one call. Thanks! April 14, 2015
Rated 5 out of 5 by Funds into acct. It takes as many as six days for funds transfers from my local bank to make it into the Cash Management Acct. That is the only thing that I would recommend improving. April 14, 2015
Rated 5 out of 5 by Why use a bank? When you can have Fidelity Fidelity is all you need. No games no gimmicks just a straight forward process to manage your finances. Stocks, bonds, mutual funds, cash management accounts, superior cash back amex card with no fee and the list goes on......and on... and on....! Also customer service is superior should you need it as well... April 11, 2015
Rated 5 out of 5 by Extremely satisfied. We have had the Management Account for about 5 mos and we couldn't be more pleased. We kept our credit union but we find we are using this account more. Originally we were prompted to open this account for the phone deposit limit which was 4 times the amount of our credit union. Since we are paid in large checks and we are rural this was more than enough reason. No more nervously mailing deposits. Also the customer service is stellar. We recently wrote a check to our son whose bank entered in the wrong acct number when depositing for him. This resulted in the funds not being released from our account and our son having some bounced checks. What was remarkable is we were notified by Fidelity of the other banks error. Without a request, they had a letter written for our son's bank explaining their error. Our son's bank was not as easy! Finally they did credit their charges with the help of Fidelity's letter. As an added bonus, we are enjoying the refund of ATM fees. This is a very nice product. We have been with Fidelity for 20+years without a complaint on any of our accounts. Happy! April 9, 2015
Rated 5 out of 5 by Great experience Great help to manage money for me and my family and many locations. Joint accounts very helpful. April 6, 2015
Rated 2 out of 5 by Marginal Overall, not as convenient or as flexible as a full-service banking service account. It does not work well with other software services such as Mint, Quicken or QuickBooks. But it does have a great ATM card feature with minimal fees if you need lots of cash from anywhere in the world. April 6, 2015
Rated 4 out of 5 by Convenient I like everything about my account except for how long it takes to transfer money from my other checking account. Four business days is way too long for a bank transfer to clear and become "settled" or "withdrawable." April 6, 2015
Rated 4 out of 5 by Convenent This account works very well in most situations. I like the tie in with my brokerage account. Would like to be able to deposit larger amounts than the present limit using a mobile device April 6, 2015
Rated 4 out of 5 by Easy Account Easy to use account, only downside is that it takes a long time (4 to 5 days sometimes) to transfer money into the account from an external account. March 30, 2015
Rated 5 out of 5 by doing ok everything iss going well. If only the stock market would stop this roller coaster ride. March 30, 2015
Rated 5 out of 5 by Cash Management Acct It is very convenient and the phone support great. Apps on iphone and ipad very nice. Transfer of money between accounts is a bit slow. March 30, 2015
Rated 4 out of 5 by Fidelity is Great! The only reason I rated convenience lower is because I don't have a smart phone and don't want to use one to take pictures of checks as a deposit function. However, I've recently been able to switch to direct deposit so that will be much less of an issue going forward. The several times I've been to a branch it has been wonderful customer service and very helpful workers. Thanks Fidelity! March 30, 2015
Rated 5 out of 5 by Overall Great Service Everything from opening the account, funding, and trading is easy. ACH transactions process very quickly, I got my checks and debit card within a week, and started trading within another week. I love that there is no minimum balance, no account fees, and that everything just works! It is a service from a great company. March 24, 2015
Rated 5 out of 5 by New Fidelity Customers We have been so pleased with the services of Fidelity Cash Management. We have experienced ease of accessing information, and now use BIll Pay, which we LOVE! The greatest feature is having all of our accounts in one place, with visual access at any time! March 24, 2015
Rated 5 out of 5 by Easy to use and reliable Just like a checking acc. Wishing for check images March 23, 2015
Rated 4 out of 5 by good but one problem needs resolving i am pleased with the account services so far. however, there is one problem that needs to be fixed. i opened this account because i was promised united mileage plus miles. i have never received them. i contacted united, and they told me i have to contact you. so this is an appropriate time for you to send me a survey! please look into why i did not get my 10,000 miles for opening this account. March 23, 2015
Rated 5 out of 5 by Easy and no fees! I now have Fidelity checking as my only checking account and I will never go back. Between all ATM fees being reimbursed, easy check deposits with the mobile app, no monthly or annual fees, Fidelity is the only bank I need. March 23, 2015
Rated 4 out of 5 by Cash Management Account The funds I transfer to my account appear to be delayed 2-3 days even though the charge to my bank account shows the transaction - debit on the day requested. The credit delay also shows up later in the day? I am used to overnight posting and typically one day collection / crediting to available balance. Especially for a transfer of cash. I think it should be immediate but, I understand one day posting delay. But, the available "transfer" in my opinion should be immediate. March 17, 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