If your account's registration type is any of the following: a bank, church, corporate, investment club, professional association, professional corporation, unincorporated association, limited liability corporation, administrator, executor, or partnership, your account will be assigned to the Business Bank list. If your account is not any of the registrations listed above, it will be assigned to the Consumer Bank List.
The order and composition of the Program Bank List may change at any time, without notice.
Please consult your Authorized agent/Advisor or call Fidelity at 1-800-544-6666 to obtain a current Program Bank List or to designate a bank as ineligible to receive funds (otherwise known as "opting out" of a bank).
Opting out of a Program Bank will affect the amount of your deposits that are eligible for FDIC insurance.
Notwithstanding the available number of eligible Program Banks, Program limitations require that deposits made into the Bank Deposit Sweep Program are only eligible for up to a maximum of $2.5 million in FDIC insurance at any given time (for an individual account) or up to a maximum of $5 million in FDIC insurance at any given time (for a joint account), subject to the total amount on deposit in an account, applicable FDIC rules (generally, the standard FDIC insurance protects up to $250,000 per depositor, per depository bank, for each account ownership category, see FDIC rules for details) and other factors (such as up to only $500,000 per joint account, regardless of the number of account holders); please refer to the Bank Deposit Sweep Program Disclosure Document. Deposits over the maximums or limits will not be FDIC insured. The Bank Deposit Sweep Program is not covered by SIPC.
Excess Banks will accept funds without limitation and without regard to the Maximum Applicable FDIC Deposit Insurance Amount once funds equal to the Maximum Deposit Amount (as defined in the Bank Deposit Sweep Program Disclosure Document) have been deposited for you through the Bank Deposit Sweep Program in each Bank on the Program Bank List. Your assets in the Bank Deposit. Your assets in the Bank Deposit Sweep Program in excess of FDIC limits are not insured by FDIC. The Bank Deposit Sweep Program is not covered by SIPC.
Customers are responsible for monitoring their total assets at a Program Bank, including assets held in multiple accounts at Fidelity or assets that you hold with these banks outside of the Bank Deposit Sweep Program, to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules. For additional information please see the Bank Deposit Sweep Program Disclosure (PDF)
In the event that your total assets at a Program Bank (including assets held in multiple accounts at Fidelity or assets that you hold with these banks outside of the Bank Deposit Sweep Program exceed the FDIC insurance limits, your assets in excess of FDIC limits are not insured by SIPC or FDIC. Information regarding deposits at Program Banks can be found on your account statements. Amounts in excess of FDIC limits in any Program Bank, including Excess Banks are not insured by SIPC or FDIC. For more information about FDIC insurance coverage, please visit the FDIC Web site at www.FDIC.gov
or call 877-ASK-FDIC.
Fidelity Clearing and Custody Solutions provides clearing, custody and other brokerage services through National Financial Services LLC, or Fidelity Brokerage Services LLC, Members NYSE, SIPC
Fidelity Family Office Services is a division of Fidelity Brokerage Services LLC, Member NYSE, SIPC
200 Seaport Boulevard, Boston, MA 02210