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.