Fidelity Cash Management Account Reviews

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No problems at all; mobile deposits take a few days and ATM fees are reimbursed within a day or so.

Summary of a Reddit comment

Keeps idle cash in the CMA; withdrawals mostly clear within 24 hours and mobile deposits within a day or two.

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Moved everything to Fidelity, where transfers between CMA and brokerage are instant, keeping a Schwab backup.

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Pushed money from Bank of America before the cutoff and had it in the CMA the next morning, ready to invest or withdraw.

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Says the CMA has been great, with money coming in quickly and the card balance paid automatically.

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Confirms they can pay people through Venmo from Fidelity just fine, with next-business-day settlement and no fees.

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Enjoys quick payday deposits and bill pay at Fidelity and says support has been quick to help, though check deposit holds are long.

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Reports zero issues, with paychecks arriving a day early, and wishes they had switched sooner; only misses Zelle and cash deposits.

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Had a short initial hold but has had a good experience and sees same-day transfers to external banks.

Summary of a Reddit comment

Pulls funds into Fidelity all the time and has them available for trading immediately with settlement the next business day.

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Finds Fidelity fast with ACH transfers, sometimes arriving the same day.

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Finds the CMA great with same-day deposits and reimbursed ATM fees, wishing they had switched sooner.

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After a large wire arrived within hours and moved on quickly, says Fidelity's ease of use has proven itself.

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They keep half their cash savings in a Fidelity CMA and say transfers to their Fidelity brokerage account are instant and easy.

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Finds transfers from the CMA much faster than a HYSA used before and likes having checks for urgent payments.

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Has used direct deposit into the CMA for a month, working great, with the check a day early.

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Found no better banking hub than Fidelity after looking widely, citing same-day ACH out to Chase before the noon cutoff.

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Gets the up-to-10-days message on check deposits but sees the money a day or two later.

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Says Venmo works with Fidelity for instant sends and pushed deposits are usually available the next business day.

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Has used Venmo with the CMA for a long time with no fees and transfers in minutes.

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Instantly moved money for a car down payment from a Fidelity savings account to the CMA and swiped the debit card, easy peasy.

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Does pulls into Fidelity all the time and sees about two days after decades of using Fidelity.

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Finds initiating transfers from the CMA fastest in both directions, with a pull received the next day.

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Swapped over to Fidelity for checking and notes free wires make transfers same-day.

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Initiates all transfers from Fidelity and sees them arrive the same day.

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Moved 90 percent of transactions to the CMA, loves Fidelity and finds moving money to and from Chase very quick.

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Uses a CMA for checking and a separate brokerage as savings, finding transfers immediate and interest decent.

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Loves using the CMA for direct deposit and gets paid a day earlier.

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Is a big fan of the CMA, with direct deposits one day early.

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Has no issues with direct deposits or bill.com deposits, all immediately available with no holds.

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Moved a spouse's direct deposit from Chase to the CMA and paychecks now arrive a day earlier.

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Says direct deposit hits the day before payday, SPAXX liquidates seamlessly, and checks clear slowly; moved six months ago without regrets.

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Says Venmo transfers are quick with the account and check deposits work fine.

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Says payroll deposits land about a day early with no holds.

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Says their employer's deposits land in the CMA faster than in their bank.

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As a long-time user, has no issues with pull ACH and finds same-day ACH fast.

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Pulls money into Fidelity without issues; funds are investable immediately and withdrawable within a few days.

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Direct deposits now arrive a day sooner at Fidelity than they did at Bank of America.

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Pushed funds from another bank and found them available to withdraw the same day.

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Never had an issue with the CMA and paychecks arrive a day early.

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Pushes USD from Wise to the CMA all the time using the UMB account details.