Latest reviews

Reddit · r/fidelityinvestments · 2 days ago

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

Reddit · r/fidelityinvestments · 2 days ago

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.

Reddit · r/fidelityinvestments · 3 days ago

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

Reddit · r/fidelityinvestments · 3 days ago

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

Reddit · r/fidelityinvestments · 3 days ago

Uses the account in place of a bank account with overdraft protection funded from their brokerage account; it mostly worked but recently the protection failed and transactions were declined.

Reddit · r/personalfinance · 5 days ago

They are a big fan of the Fidelity CMA because of its autosweep feature, using it like a checking account while the cash earns the money market rate without savings-account restrictions.

Reddit · r/fidelityinvestments · 7 days ago

Uses Fidelity for both checking and savings and also has the Fidelity credit card, with no problems. Says the customer service is superior to any bank they have used.

Reddit · r/fidelityinvestments · 11 days ago

Uses the Cash Management Account as a main account but was hit twice by problems with Fidelity bill pay when paying credit cards, and points others to the many similar reports.

Reddit · r/fidelityinvestments · 11 days ago

Has had the account for a few months and calls it great; the only complaint so far is the website erroring when ordering checks.

Reddit · r/fidelityinvestments · 11 days ago

Has used Fidelity cash management accounts for everyday checking for around 15 years with no issues and no regrets.

Reddit · r/fidelityinvestments · 11 days ago

Has used the Fidelity cash management account, brokerage and credit card as a full banking setup for close to ten years and could not be happier with it.

Reddit · r/fidelityinvestments · 12 days ago

Has used it as a checking replacement for a few months and says it behaves like a normal checking account while paying a solid yield; uses a small BofA account for Zelle.

Reddit · r/fidelityinvestments · 12 days ago

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.

Reddit · r/fidelityinvestments · 12 days ago

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.

Reddit · r/fidelityinvestments · 12 days ago

Moved most of their banking to the account and found consolidating everything time-consuming, but says Fidelity's customer service has been superb so far.

Reddit · r/fidelityinvestments · 12 days ago

Likes the account but had it frozen briefly by Fidelity's anti-fraud checks once in over ten years, and now keeps tested bill pay at Schwab and a credit union as a fallback.

Reddit · r/fidelityinvestments · 12 days ago

Has used the account for banking for three years and calls it great, paired with a Capital One 360 account for Zelle and cash deposits.

Reddit · r/fidelityinvestments · 12 days ago

Has used it for four to five years with no issues, but found the move from their old bank slow because Fidelity holds incoming pulled transfers for days.

Reddit · r/fidelityinvestments · 12 days ago

Switched earlier this year and is fine with everything so far, with the exception of bill pay, where mailed checks take at least two weeks to arrive.

Reddit · r/fidelityinvestments · 12 days ago

Uses the account as their only bank account for everything for over a decade; the only mild annoyance is the lack of Zelle.

Reddit · r/fidelityinvestments · 12 days ago

Found setting up payments from non-Fidelity accounts and linking a bank to be a pain, with the process crashing, and is considering scrapping it.

Reddit · r/fidelityinvestments · 12 days ago

Calls the account one of their best financial choices and says it works effortlessly, wishing only that the app showed check deposit images and pending transactions like the website.

Reddit · r/fidelityinvestments · 14 days ago

Started using bill pay for major bills but every bill was sent as a check and two of three were not processed.

Reddit · r/fidelityinvestments · 19 days ago

Has used ATMs across Southeast Asia on the Fidelity CMA card for months and always been reimbursed.

Reddit · r/Schwab · 21 days ago

A few months in, it's easily one of the best checking accounts available.

Reddit · r/fidelityinvestments · 25 days ago

Uses the CMA like a HYSA and pays a Fidelity card from it; Plaid linking errored out but manual linking worked and they are very satisfied.

Reddit · r/fidelityinvestments · 25 days ago

Has had the CMA for about 20 years and calls it perfect, crediting Fidelity's service front end.

Reddit · r/fidelityinvestments · 25 days ago

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

Reddit · r/fidelityinvestments · 26 days ago

Finds the CMA generally works better than any brick-and-mortar bank they have used, while warning about overdraft top-ups and auto-rolling treasuries.

Reddit · r/fidelityinvestments · 26 days ago

Likes the CMA, uses it more as a high-yield savings account and pays occasional bills from it without trouble.

Reddit · r/fidelityinvestments · 26 days ago

Called it a decent product but left for a Schwab checking account after ATM fees were not reimbursed once.

Reddit · r/fidelityinvestments · 27 days ago

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

Reddit · r/fidelityinvestments · 27 days ago

Recently made the CMA their everyday account and is mostly happy with the money market settlement fund, though noisy alerts and no Plaid integration annoy them.

Reddit · r/fidelityinvestments · 27 days ago

Has used the CMA for almost two years with no issues and wishes they had started sooner.

Reddit · r/fidelityinvestments · 27 days ago

Has had the CMA for 20 years and says it has been perfect as a checking account, with only cash deposits and Zelle missing.

Reddit · r/fidelityinvestments · 27 days ago

After years of no problems, an overdraft-linking failure made bill pay payments bounce and led to threats of a bill pay ban; no longer trusts Fidelity.

Reddit · r/fidelityinvestments · 27 days ago

Used the CMA debit card abroad in Italy with no issues but was still waiting on the ATM fee reimbursement after a week and a half.

Reddit · r/fidelityinvestments · 27 days ago

Moved the family to CMAs because bank checking pays dismal interest and highly recommends Fidelity's CMA.

Reddit · r/fidelityinvestments · 27 days ago

Has had the CMA for about ten years with zero issues and is very pleased.

Reddit · r/fidelityinvestments · 27 days ago

Has used the CMA for almost three years with no problems and keeps a credit union only for in-person needs.

Reddit · r/fidelityinvestments · 27 days ago

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

Reddit · r/fidelityinvestments · 27 days ago

Has used the CMA as main checking account for about 20 years with no issues.

Reddit · r/fidelityinvestments · 27 days ago

Reports no real issues with the CMA beyond a few banks rejecting the longer account number, which the shorter one fixed.

Reddit · r/fidelityinvestments · 27 days ago

Says the CMA works perfectly with no glitches.

Reddit · r/fidelityinvestments · 27 days ago

Says the CMA works as well as any bank but recurring online transfers to another person cannot be scheduled and need a paper form.

Reddit · r/fidelityinvestments · 27 days ago

Reports not a single issue in over four years of heavy use of the CMA.

Reddit · r/fidelityinvestments · 27 days ago

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

Reddit · r/fidelityinvestments · 27 days ago

Has had mobile-deposited checks fail and says funds sometimes cannot be withdrawn without a lengthy wait, so uses it mainly for the debit card.

Reddit · r/fidelityinvestments · 27 days ago

Finds the CMA works well apart from paying Discover cards, likes easy investing and says US-based support is great.

Reddit · r/expatsinbangkok · 29 days ago

Twenty years of use from Thailand with very few issues, no fees, and customer service described as far and away the best of any bank they have dealt with.

Reddit · r/expatsinbangkok · 31 days ago

Fifteen years in Thailand with great ATM fee reimbursements, though the account has been frozen at random and replacing an expired card abroad is a hassle since foreign addresses and phone numbers aren't allowed.

Reddit · r/personalfinance · 31 days ago

A decade-plus user of the CMA who votes for Fidelity over alternatives.

Reddit · r/Schwab · 32 days ago

Called a game changer because money is moved automatically from the brokerage account to checking when bill pay needs it.

Reddit · r/Schwab · 34 days ago

Used as their primary checking account, with a good local credit union account kept as a rarely used backup.

Reddit · r/Schwab · 34 days ago

Primary checking account for over 20 years, and no local bank or credit union has ever matched its fee-free benefits or customer service.

Reddit · r/fidelityinvestments · 40 days ago

Moved accounts to Fidelity and set up credit card autopay from the CMA, which has gone smoothly, though it feels a little slower than a credit union.

Reddit · r/fidelityinvestments · 40 days ago

Runs nearly all household banking out of a CMA, keeping a small credit union account for the rest.

Reddit · r/personalfinance · 46 days ago

Happy with the CMA and no longer needs a separate high-yield savings account.

Reddit · r/Schwab · 52 days ago

Schwab has been their only bank for years, with separate debit cards for each spouse on the same account, and cash withdrawals on Las Vegas casino trips go through with zero issue.

Reddit · r/Schwab · 52 days ago

Arranging a 10k Visa debit teller cash advance at a local bank resulted in Schwab denying the withdrawal two hours later with no explanation from customer service.

Reddit · r/personalfinance · 54 days ago

Uses Ally for nearly all banking needs and pairs it with a small Bank of America account for cash and in-person services.

Reddit · r/personalfinance · 54 days ago

Switched from Bank of America to Ally years ago, finds it easy to open and the debit card good, and has been pretty happy.

Reddit · r/personalfinance · 55 days ago

Is a happy CMA customer whose main downside is brokerage-style statements and low limits, using a different bank when they matter.

Reddit · r/personalfinance · 58 days ago

Lists Fidelity annoyances: no Zelle, withdrawal-only ATM card and ACH alert emails sent a day late without amounts, so keeps a major bank too.

Reddit · r/fidelityinvestments · 58 days ago

Says Venmo and PayPal work with the CMA but entries show generically, requiring manual reconciliation in a finance tracker.

Reddit · r/personalfinance · 59 days ago

Notes the CMA lets you withdraw cash at foreign ATMs at the market exchange rate when traveling.

Reddit · r/personalfinance · 59 days ago

Uses Fidelity for checking and is very happy, except for no Zelle.

Reddit · r/personalfinance · 59 days ago

Prefers Fidelity's excellent bill pay service to receive e-bills and pay all monthly bills from one place, which was the deciding factor.

Reddit · r/fidelityinvestments · 59 days ago

Has the CMA linked to Venmo and says it works great.

Reddit · r/fidelityinvestments · 59 days ago

Uses the CMA with Venmo and PayPal and says it works great.

Reddit · r/fidelityinvestments · 66 days ago

Uses a Navy Federal and Fidelity CMA combination with no issues and recommends the Fidelity card.

Reddit · r/personalfinance · 66 days ago

Has tried most major firms, now uses Fidelity almost exclusively, and parks money in SPAXX through a CMA.

Reddit · r/Banking · 70 days ago

Ally customer since around 2020 who says customer service has declined sharply and that they were restricted from their funds for over two weeks, though they like Ally's budgeting tools.

Reddit · r/Schwab · 71 days ago

Opening checking alongside an existing brokerage requires no minimum balance and sends out checks and a debit card right after a 100 initial deposit.

Reddit · r/fidelityinvestments · 71 days ago

Says the CMA shines as an adjunct to a brokerage account, with self-funded overdraft protection letting them hold little cash.

Reddit · r/personalfinance · 72 days ago

Keeps their emergency fund in a Fidelity CMA because they value the simplicity.

Reddit · r/fidelityinvestments · 75 days ago

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

Reddit · r/fidelityinvestments · 75 days ago

Has used the CMA for over 20 years with bill pay, ACH, wires and debit card, all with no issues.

Reddit · r/fidelityinvestments · 75 days ago

Has never had a problem in over 20 years at Fidelity, including with account locks, and loves the free wire transfers.

Reddit · r/fidelityinvestments · 75 days ago

Says the SPAXX cash management account is absolutely fantastic with no complaints.

Reddit · r/fidelityinvestments · 75 days ago

Calls the CMA a great account that works like a regular account while earning more interest.

Reddit · r/fidelityinvestments · 77 days ago

Keeps spare cash in the CMA for the higher interest than most accounts and the partly state-tax-exempt income.

Reddit · r/fidelityinvestments · 77 days ago

Went 100% CMA and likes the treasury money market fund but found the statements and transaction lists confusing for a novice.

Reddit · r/fidelityinvestments · 77 days ago

Used to split cash between the Fidelity CMA and a HYSA but consolidated everything in the CMA for simplicity.

Reddit · r/fidelityinvestments · 77 days ago

Keeps cash in the CMA and tells everyone about it.

Reddit · r/fidelityinvestments · 85 days ago

Says hold times are the biggest problem, since a spouse's work check can be held for two weeks, so the CMA is not their main bank.

Reddit · r/personalfinance · 88 days ago

Uses the CMA for almost all basic banking, keeping nearly all unspent money in SPAXX, with no problems so far.

Reddit · r/personalfinance · 88 days ago

Opened a CMA with SPAXX as their emergency fund with checks and a debit card, preferring fewer institutions.

Reddit · r/personalfinance · 90 days ago

Calls the CMA great, with quick ATM rebates and no issues.

Reddit · r/fidelityinvestments · 93 days ago

Switched exclusively to a Fidelity CMA a few months ago, closed their BofA accounts and has loved it, keeping a Capital One 360 savings as a pass-through.

Reddit · r/fidelityinvestments · 95 days ago

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

Reddit · r/CreditCards · 96 days ago

A one-dollar test payment to a new card was rejected once but has not happened again.

Reddit · r/CreditCards · 96 days ago

Has used the CMA as main checking for years with no issues, with tradeoffs of no Zelle and no cash deposits.

Reddit · r/CreditCards · 96 days ago

Has used the CMA as primary checking for about three years with no issues linking Citi or Amex.

Reddit · r/CreditCards · 96 days ago

Autopays four Capital One card accounts from a Fidelity CMA.

Reddit · r/CreditCards · 97 days ago

Says the Fidelity card is good but the Fidelity checking account, the CMA, is great.

Reddit · r/CreditCards · 97 days ago

Says the CMA is a checking account by another name and has had no issues.

Reddit · r/CreditCards · 97 days ago

Uses the CMA as primary account with autopay for all cards through the card companies and has had no issues.

Reddit · r/CreditCards · 97 days ago

Has autopaid over ten credit cards through the CMA over a few years with no issues.

Reddit · r/CreditCards · 97 days ago

Had to wait two weeks for a large sum to become available after a pull transfer.

Reddit · r/CreditCards · 97 days ago

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

Reddit · r/CreditCards · 97 days ago

Uses the CMA as main account and says it has worked well, with the only downside being no cash deposits.

Reddit · r/CreditCards · 97 days ago

Has used the CMA as main checking for over five years with no issues and all cards autopaid from it.

Reddit · r/CreditCards · 97 days ago

Had trouble linking Amex autopay at first but fixed it by phone and had no issues since.

Reddit · r/fidelityinvestments · 98 days ago

Had a rent payment arrive late through the CMA and says they lost faith after this month.

Reddit · r/fidelityinvestments · 98 days ago

Has used the CMA as primary for over a year and had no issues other than slow availability of funds at first.

Reddit · r/fidelityinvestments · 98 days ago

Uses a brokerage hub plus a locked-down CMA for ATM use for about five years and loves it.

Reddit · r/fidelityinvestments · 99 days ago

Loves the CMA as a high-yield checking and savings account, though bill pay once switched to paper checks unexpectedly.

Reddit · r/fidelityinvestments · 99 days ago

Runs three CMAs for daily banking, travel funds and ATM use, with bills on autopilot, which makes life easier.

Reddit · r/fidelityinvestments · 99 days ago

Has used the CMA for about ten years for small cash storage and foreign ATM withdrawals and says it has worked well.

Reddit · r/fidelityinvestments · 99 days ago

Hit a low daily mobile check deposit limit and a three-week transfer hold on their CMA, so deposits checks to a brokerage account instead.

Reddit · r/fidelityinvestments · 99 days ago

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

Reddit · r/fidelityinvestments · 99 days ago

Is slowly moving from Wells Fargo to the CMA and rewards card with zero problems so far, and would recommend it.

Reddit · r/fidelityinvestments · 99 days ago

Reports no issues moving to the CMA, with the app the worst part because it is investment focused.

Reddit · r/fidelityinvestments · 99 days ago

Made the switch to the CMA and says it is great, using a bank only for Zelle.

Reddit · r/fidelityinvestments · 99 days ago

Mostly migrated to the CMA and says it works really well.

Reddit · r/fidelityinvestments · 99 days ago

Switched in January 2026, loves the setup with credit cards paid from the CMA and cash back deposited automatically, and plans to stay.

Reddit · r/fidelityinvestments · 99 days ago

Loves the CMA in their everyday banking, with a clearing account for autodebits, and says it has been rock solid after a worse experience elsewhere.

Reddit · r/fidelityinvestments · 99 days ago

Has no issues using the CMA as primary account, keeping a local bank only for safety deposit services.

Reddit · r/Schwab · 100 days ago

Used as the go-to debit card on every international trip, and as a way to avoid out-of-network ATM fees instead of driving to the credit union ATM.

Reddit · r/Schwab · 100 days ago

Works without a hitch for pulling cash overseas and reimburses ATM fees.

Reddit · r/Schwab · 100 days ago

Refunds all ATM fees with zero foreign transaction fees for international travel.

Reddit · r/Bogleheads · 103 days ago

Uses Schwab and Fidelity mainly for their debit cards, which reimburse ATM fees at most machines.

Reddit · r/fidelityinvestments · 105 days ago

Calls the account absolutely horrible because of 10-plus-day holds on deposits.

Reddit · r/fidelityinvestments · 108 days ago

Found that pulling funds from the Fidelity side took 13-14 actual days, while pushes from the bank arrived by Monday.

Reddit · r/fidelityinvestments · 112 days ago

Uses the CMA as a savings account and only misses being able to deposit cash from self-employed work.

Reddit · r/fidelityinvestments · 112 days ago

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

Reddit · r/Schwab · 118 days ago

Opening a joint checking account took multiple days and resubmissions after being told no checking application had been filed, leaving them unsure the ATM reimbursement is worth it.

Reddit · r/fidelityinvestments · 124 days ago

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

Reddit · r/fidelityinvestments · 124 days ago

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

Reddit · r/fidelityinvestments · 124 days ago

Chose the CMA as main account because it was easier, with no need to move funds to earn standard SPAXX rates.

Reddit · r/Schwab · 125 days ago

After false-fraud declines, ATM withdrawals against the brokerage overdraft failed with a technical error, and the phone rep could only say it sometimes won't work on weekends.

Reddit · r/fidelityinvestments · 125 days ago

Switched from Ally years ago and calls the CMA basically a strictly better checking account with a SPAXX sweep and simple ACAT reimbursement.

Reddit · r/fidelityinvestments · 125 days ago

Switched completely from SoFi and finds the simplicity of the CMA plus the Fidelity card hard to beat.

Reddit · r/fidelityinvestments · 125 days ago

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

Reddit · r/fidelityinvestments · 125 days ago

Says the CMA works as a normal checking account with a higher yield and is less complex than SoFi.

Reddit · r/fidelityinvestments · 125 days ago

Says the CMA does the job without needing attention, which is perfect, and has come to terms with no Zelle.

Reddit · r/fidelityinvestments · 126 days ago

Uses the CMA as checking at the center of a Fidelity hub and says it has worked well, though ATM reimbursement abroad has network limits.

Reddit · r/fidelityinvestments · 126 days ago

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

Reddit · r/CreditCards · 126 days ago

Calls the CMA one of the best checking accounts, with no-fee ATM and interest on bill money.

Reddit · r/fidelityinvestments · 127 days ago

Says the app showing every SPAXX transaction is driving them back to a brick-and-mortar bank.

Reddit · r/fidelityinvestments · 127 days ago

Has the CMA as main and says it is great but does not mesh well with many digital payment platforms like Stripe.

Reddit · r/Schwab · 131 days ago

Calls the debit card great for cash abroad since Schwab refunds ATM fees at month end.

Reddit · r/Schwab · 131 days ago

Found Schwab chat very helpful and the debit card excellent for international use, transferring from the brokerage with no issue.

Reddit · r/Schwab · 134 days ago

Held the checking account since 2001 and only rarely had cash to deposit, handling it once with a money order.

Reddit · r/fidelityinvestments · 139 days ago

Switched from Ally and found the CMA lacks savings buckets, so created multiple CMA accounts instead.

Reddit · r/personalfinance · 144 days ago

Finds the CMA and other Fidelity accounts great, loves seeing everything at a glance, and kept a credit union only for cash needs.

Reddit · r/fidelityinvestments · 148 days ago

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

Reddit · r/fidelityinvestments · 148 days ago

Had a large transfer pending for almost two weeks after pulling from Fidelity and found customer service useless.

Reddit · r/fidelityinvestments · 148 days ago

Uses the CMA as primary checking, loves using any ATM and the interest, with no hassle moving money to brokerage.

Reddit · r/fidelityinvestments · 148 days ago

Switched a few years ago and loves it.

Reddit · r/fidelityinvestments · 148 days ago

Regrets keeping cash at a local credit union paying far less and has greatly appreciated moving to the CMA last year.

Reddit · r/fidelityinvestments · 148 days ago

Calls closing Chase and moving everything to the Fidelity CMA the best thing they ever did.

Reddit · r/fidelityinvestments · 155 days ago

Gets ATM fees reimbursed when using the CMA in Japan.

Reddit · r/fidelityinvestments · 157 days ago

Moves money in and out monthly, both automated and manually, and has never had issues or lockouts.

Reddit · r/fidelityinvestments · 159 days ago

Has had a Fidelity CMA for a decade and has been reimbursed for ATM fees every time.

Reddit · r/fidelityinvestments · 159 days ago

Has used the CMA debit card at European ATMs many times and Fidelity has always credited the fees.

Reddit · r/fidelityinvestments · 159 days ago

Has used the Fidelity CMA cards for years with only one unreimbursed ATM fee, which they trace to a machine without a qualifying logo.

Reddit · r/CapitalOne · 162 days ago

They completed a sign-up promotion on their 360 Checking and received the bonus, but only after Capital One took the full 75 day window from finishing the task.

Reddit · r/Schwab · 168 days ago

Purchases made earlier in Colombia with the Investor Checking debit card are being charged again retroactively at slightly different amounts, and a reported claim was told not to be filed as fraud yet.

Reddit · r/CreditCards · 169 days ago

Keeps bill money in the Fidelity CMA's money market fund and likes that overdrafts are covered automatically by selling money market holdings.

Reddit · r/CreditCards · 169 days ago

Uses the Fidelity CMA as a daily driver bank, keeping small accounts at regular banks for Zelle and cash deposits.

Reddit · r/CreditCards · 169 days ago

Says the Fidelity debit card occasionally fails to be recognized at ATMs and that customer service pointed to the card's issuing company.

Reddit · r/fidelityinvestments · 170 days ago

Made the CMA primary checking and says it works really well apart from no Zelle.

Reddit · r/fidelityinvestments · 170 days ago

Uses the CMA as main bank and loves it, never leaving Fidelity.

Reddit · r/personalfinance · 170 days ago

Uses the CMA as primary checking and savings.

Reddit · r/personalfinance · 170 days ago

Finds the CMA convenient, earning interest on bill money with instant transfers to the brokerage account.

Reddit · r/fidelityinvestments · 175 days ago

Only complaint is that pulled funds take forever to register as settled cash; otherwise it is great.