Fidelity Cash Management Account Reviews

Summary of a Reddit comment

Values the CMA's free worldwide ATM reimbursements, free wires, decent interest on idle cash, cash management tools and quick ACH, with no fees or minimums.

Summary of a Reddit post

Used multiple CMAs for a year with ATM transactions fully refunded, though later moved to another main bank for instant transfer needs.

Summary of a Reddit comment

Opened the account after running into high ATM fees in South America and keeps it lightly funded from their brokerage account for that purpose.

Summary of a Reddit comment

Calls it their first choice as a high-yield savings account, citing the interest rate, free checking, the debit card with ATM fee reimbursement and free bill pay.

Summary of a Reddit comment

Uses the debit card at casino and dispensary ATMs and gets the fees rebated, preferring that to carrying a whole trip's cash.

Summary of a Reddit comment

Uses a primary and a travel CMA for years and likes worldwide ATM fee refunds and a better exchange rate than cash exchange places.

Summary of a Reddit comment

Has used the CMA as hub account since 2012 with no fees, free checks and bill pay and good dividends.

Summary of a Reddit comment

Has used the CMA as primary checking for years with great automated bill pay, flawless ATM reimbursement and no extra foreign fees.

Summary of a Reddit comment

Says the CMA works, with fast ACH processing and few fees, but no real-time transfers and slow holds on new accounts.

Summary of a Reddit comment

Uses the Fidelity CMA as a total replacement for checking and savings, with auto-sweep, free checks, free ATM use, bill pay and zero fees.

Summary of a Reddit comment

Loves the CMA, with a debit card that has had no ATM fees domestically or internationally, checks and direct deposit, missing only cash deposits and Zelle.

Summary of a Reddit comment

They use a Fidelity CMA with a money market fund option, no ATM fees and free wires, and say Fidelity stopped pitching wealth management once they said they are a self-directed investor.

Summary of a Reddit comment

Started the CMA for interest and ATM fee coverage; casino ATM fees are covered and the yield is nice, but the 10-day delay on incoming transfers is annoying.

Summary of a Reddit comment

Used the CMA debit card in Europe only for ATM withdrawals and was never charged a foreign fee, with ATM fees reimbursed automatically.

Summary of a Reddit comment

They have used Fidelity for years and use its Cash Management Account as their checking account. They say someone always answers the phone and they have never been charged a fee in six years.

Summary of a Reddit comment

Calls the CMA debit card the GOAT for international travel, with all fees reimbursed, including a foreign ATM fee refunded before they got home.

Summary of a Reddit comment

Loves withdrawing local currency abroad with the CMA debit card, with no exchange markup and ATM fees reimbursed.

Summary of a Reddit comment

Uses the CMA as main checking for bills and travel, citing no ATM or foreign transaction fees and interest, and says it replaced any travel-card checking account.

Summary of a Reddit comment

Says the CMA works like a checking account that does not suck, with refunded ATM fees, few fees and great interest, and has zero regrets.

Summary of a Reddit comment

Moved to a Fidelity cash account in 2008 and never looked back, valuing cash access anywhere and no random fees.

Summary of a Reddit comment

Uses the Fidelity debit card only as a last resort and values earning interest on cash with no chance of fees.

Summary of a Reddit comment

Has used the Fidelity CMA as their only bank for eight years with free checking, free checks and reimbursed ATM fees.

Summary of a Reddit comment

Wishes they had moved to Fidelity sooner, finding free checks and no fees much better than their old bank despite no Zelle or cash deposits.

Summary of a Reddit comment

Chose the Fidelity CMA for cash since their brokerage, 401k and HSA are there, and appreciates the debit card that reimburses ATM fees.

Summary of a Reddit comment

Says the account's ATM fee reimbursement covered a steep fee and currency conversion charge from a European ATM while studying abroad.

Summary of a Reddit comment

Uses it as a primary account and finds bill pay and direct deposit entirely fine, with free ATM reimbursement and a yield that matches or beats most high-yield savings accounts.

Summary of a Reddit comment

Has used the account as their main checking for around two decades and calls it generally great, with free ATM withdrawals and checks and decent interest.

Summary of a Reddit comment

Loves earning interest on checking, free bill pay, locking the debit card in the app and free ATM fee reimbursement.

Summary of a Reddit comment

Uses the CMA as checking, notes ATM fees are reimbursed without receipts, and keeps a secondary bank for larger cash needs.

Summary of a Reddit comment

Used the CMA internationally and found it amazing, with foreign ATM fees automatically reimbursed.

Summary of a Reddit comment

Switched to the CMA and Visa and calls it the best decision, with no ATM debit fees and good website and support.

Summary of a Reddit comment

Used a casino ATM with a high fee and Fidelity reimbursed it with no problem.

Summary of a Reddit comment

Generally happy after switching, withdrawing from any ATM without worrying about fees.

Summary of a Reddit comment

Uses the CMA for checking and savings and notes the debit card has unlimited lifetime ATM fee reimbursement.

Summary of a Reddit comment

Says Fidelity refunds whatever fee any ATM charged within a couple of days and that the CMA has been great apart from missing Zelle.

Summary of a Reddit comment

Likes using the CMA card abroad because ATM fees are refunded and there is no low daily ATM limit.

Summary of a Reddit comment

Likes the CMA's check writing, SPAXX interest and refunded ATM fees, but cannot use Zelle.

Summary of a Reddit comment

Says the CMA works great as a primary account, with ATM reimbursements, no random bank fees and interest on cash.

Summary of a Reddit comment

Finds the CMA works for their purposes thanks to no foreign transaction fees and worldwide ATM fee reimbursement.

Summary of a Reddit comment

Loves the debit card abroad with no transaction fee and ATM fees reimbursed within days.