Updated Customer Agreements

The Fidelity Account®, the Fidelity® Retirement Account Agreements, the Fidelity® Cash Management Account, Fidelity® Health Savings Account (HSA), and Self-Directed Brokerage Accounts

Effective March 10, 2021, we are modifying the Customer Agreement, the Fidelity Cash Management Account FDIC Insured Deposit Sweep Disclosure Document and the FDIC Insured Deposit Sweep Program Disclosure for Fidelity IRAs and HSAs (where applicable) for the following types of Fidelity brokerage accounts:

  • The Fidelity Account
    (This includes all non-retirement brokerage accounts such as Individual, Joint, Estate, Conservatorship/Guardianship, Custodial [UGMA/UTMA], Trust, and Non-Trust Account like Business accounts and Stock Plan Services accounts)
  • Fidelity Retirement Accounts
    (This includes Traditional IRAs, Rollover IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, Inherited IRA, and Keogh accounts)
  • Fidelity Cash Management Accounts
  • Fidelity Health Savings Accounts
  • Self-Directed Brokerage Accounts

You can review the revised documentation using the links below. There is NO ACTION REQUIRED on your part unless you disagree with the changes.

Many of the changes to the Customer Agreement, the Fidelity Cash Management Account FDIC Insured Deposit Sweep Disclosure Document and the FDIC Insured Deposit Sweep Program Disclosure for Fidelity IRAs and HSAs are related to the introduction of an additional sweep each morning for accounts that utilize the FDIC Insured Deposit Sweep option as the account's core position. These changes primarily affect the subsections of the Customer Agreement titled "Credits to Your Account" and "Debits to Your Account" of the section "How Transactions Are Settled." In addition, the "Core Account" Section of the Customer Agreement has been updated to clarify our ability to make changes to your account's core position after your account is opened.

For those customers using the FDIC Insured Deposit Sweep, we are also altering the method and timing for making changes to the bank list assigned to your account. As a result, we are modifying the Fidelity Cash Management Account FDIC Insured Deposit Sweep Disclosure Document and the FDIC Insured Deposit Sweep Program Disclosure for Fidelity IRAs and HSAs. These changes primarily affect the "Program Banks" and "Changes to Program Bank Lists" subsections of the Disclosure documents. In addition, we are making changes to the "Other Program Changes" subsection of the "Changes to Program Bank Lists" section of both Sweep Program Disclosure Documents to clarify our ability to make changes to your account's core position after your account is opened.

There are other changes beyond those described above, so you should review the documents carefully. Your continued use of your account(s) after the effective date noted above will constitute your acknowledgement to having received and reviewed and your consent to the changes made to the Customer Agreement(s) and Disclosure document(s). If you have any questions about these changes, or don't agree with them, please call us at 800-343-3548.

The Fidelity Account

Fidelity Brokerage Retirement Account

Fidelity® Cash Management Account

Fidelity Brokerage Health Savings Account

Fidelity Account Non-Prototype Retirement Account Customer Agreement

Self-Directed Brokerage Accounts