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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 751 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 ****I have read other reviews that checks are held before able to be withdrawn.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 3 out of 5 by Nice enough, but limited service The overall Cash Management account is a decent online bank that works well when paired with a Fidelity Rewards card for maximum benefit. I chose to move my banking to this account to simplify my finances, and for the most part am happy. The one issue that I have (and continue to have) is that the BillPay service has twice delivered payments late to the same provider (the first two times it was sent). I posted inquiries to address the issue and get reimbursed but have had no response. I do know that Fidelity outsources this portion of the account and leaves it to the customer to chase down. It is making me re-think this account as my main checking account. February 25, 2015
Rated 5 out of 5 by Fast and Easy I've had my cash managment account for several years along with Bill pay. I like the ATM reimbursements, and I've never had any issues with Bill pay. Great service, convenient, great value. February 23, 2015
Rated 5 out of 5 by Convenient & Easy I love using Fidelity. I have opened several accounts with ease. February 23, 2015
Rated 5 out of 5 by So easy to use This has solved a major problem for me. I have never had a problem with it at all. February 23, 2015
Rated 4 out of 5 by FDIC insurance is reassuring Security against hackers needs a lot to be desired. For example, I would like to implement 2-factor authentication with passcode sent through email for those who don't have a smart phone as the Treasury does for T-bill/bond buyers in addition to the good old but less secure "userid and password". Further, email should be automatically triggered to the account owner when money is transferred (with possible thresh hold determined by the account owner). February 23, 2015
Rated 3 out of 5 by Cumbersome and busy looking site I find the user interface for the site to be very busy with too much data on the page, I have to scroll around to find things such as review and post my payments because it doesn't all show in my browser, too many steps to get to bill pay from summary page, too many ways to get to bill pay depending on where you are on site, alerts stay forever even after viewing, need I go on?... February 23, 2015
Rated 5 out of 5 by secure My account was hacked and it was blocked immediately February 23, 2015
Rated 5 out of 5 by User experience The account is very easy to use and the web site is very intuitive. Depositing checks by phone is the best feature ever invented. Bill payment is fast and easy. Refunding of ATM fees is a great benefit. I don't like the fact that there is a dollar limit on funds transfers between Fidelity accounts. February 23, 2015
Rated 5 out of 5 by Excellent Helps me manage your every day spending and short-term investing. February 23, 2015
Rated 5 out of 5 by Good with drawback Great with some drawback but still worth it. The convenience of going to almost any ATM and with no transaction fee. Earn interest, mobile check deposit, and able to keep track of my 401K at the same time. The checking account I've had and I'm impressed. The only drawback is there are no tellers so when you need to walk into a bank for like some major cash deposits you're basically out of luck. February 17, 2015
Rated 4 out of 5 by Easy Visibility The cash account is really the website for me. It is easy to use, and see where my money is, and how I might move it, either within Fidelity, or to outside accounts. February 17, 2015
Rated 5 out of 5 by Very Expedient, very reliable. I use the account to transfer Social Security payments to my credit union. I run the Social Security payment through the account so it can be included in my total cash flow analysis at FID. February 17, 2015
Rated 4 out of 5 by Relevant and Ease of use I have been with Fidelity for a number of years with a small investment. Being a small investor, I never thought that the customer experience was based on entitlement. I have received very good customer service whenever I reched out for support. Also, the web page and the navigation to access your account continue to improve. February 17, 2015
Rated 4 out of 5 by drawback the main drawback of this account is that i cannot download my transactions to a program like quicken to monitor my spending. the advantage of the account is that it's a simple and straightforward way to keep all my assets in a trust. February 17, 2015
Rated 3 out of 5 by Overall I like having all my accounts in one place and I like the speed in which the website shows all debits and credits. Customer service is good. Although, I am aware of the fact Fidelity is not a bank, and by all means I appreciated the fact that the fees for cash withdrawing are reimbursed, I have to say that the limit still very low for withdraws at ATMs. If I need a bigger value than $2,500.00 when doing the transaction at any bank cashier’s counter, I need to take the money out in 2 separate days. Depositing checks could be facilitated if I could do it by taking a picture with my phone, rather than driving to a specific branch. February 17, 2015
Rated 5 out of 5 by Convenient I opened this account as a place to deposit minimum required withdrawals from my retirement account, to provide cash for purchasing equities and to provide a source of cash that was free from ATM fees and foreign exchange fees. The account has performed to my satisfaction. February 17, 2015
Rated 5 out of 5 by Excellent customer service and ease of use on mobile device. Thank you Fidelity in making your clients feel valuable. Excellent customer service and ease of access using mobile application. February 17, 2015
Rated 4 out of 5 by Convenient & Easy to Use I started the account 2 months ago. I knew it would take a couple of months to transfer all of my auto deposits and bill pay. It works perfect. My biggest headaches were from outside companies to get the switch-over completed. The good: All my funds are conveniently in one place; Use any cash machine with no fees; GREAT customer service! The problems: It took almost a month to get suitable checks and they still aren't correct with info as instructed... in spite of my special written instructions, Fid customer service making 2 calls to the printer, and they still didn't get it right! Fidelity contracts out the check printing who apparently can't follow instructions... they need a new firm to print checks!! Also, it took over a month to get a debit card. Again, poor performance by an outside firm. The Cash Management Account is great! The customer service is great!! If it wasn't for the check and debit card problems I would have given 5 stars. February 16, 2015
Rated 4 out of 5 by My Favorite Bank I've had an account at Fidelity since about 1980 and have always been happy. With the introduction of Cash Management, I have moved away from that big bank that is always in the news and famous for screwing the little guy. I did, sadly, have to keep one checking account open so I can deposit cash and then transfer it to Fidelity electronically. February 16, 2015
Rated 5 out of 5 by Transactions as easy as 1-2-3 Love the website and application. Can watch my investments in real time. February 12, 2015
Rated 5 out of 5 by Best Account Available Free Atm Usage, Great Customer Service...No Fees if you have a brokerage account..... No Complaints! February 12, 2015
Rated 5 out of 5 by Fidelity Full Service I love the cash management account. It is a wonderful addition to the already great service from Fidelity. It makes it very convenient to liquidate funds when necessary. The service at Fidelity is always first rate. February 11, 2015
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Video about Fidelity Cash Management Account
Fidelity® Cash Management Account vs. Your Bank (1:33)

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