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Cash Management Account From Fidelity -Magnifymoney Review rating card
Rated 0/5 based on 0 customer reviews
$000.00 In stock
Product description: Customer reviews:

Cash Management Account from Fidelity

Review Overview

Great news, this account is completely free with no minimum balance required!

You can use any ATM in the world with this account and not pay a fee. Fidelity will rebate all withdrawal fees charged by third party ATMs.

It is a brokerage account, and while you don't need to own any stocks the application process is a bit more involved than with a standard checking account.

Fine Print Alert

Banks tend to charge lots of pesky fees - other than a monthly fee. Below is a table of the other fees and charges from this bank:


Fee Name Amount
Monthly Fee $0
Monthly fee with paper statement $0
In-network ATM withdrawal fees $0
Out of network ATM withdrawal fees in USA $0
Transfer fees (overdraft with protection) $0
Overdraft fees (without protection) $0
Non-sufficient funds fee $0
Early closing fee $0
Early closing fee applicable until how many days N/A


We have established a Magnify score. This bank account was scored A (4.69)


Below we will help explain this score.


Good things about this account:

  • This bank account has no monthly fee.
  • This bank account charges no fee for withdrawal from ATMs outside the bank network. But other banks may charge a fee.
  • This bank does not allow overdraft by using ATM or debit card.
  • The bank charges overdraft fee only once per day and there are no extended overdraft charges.


Things that could be better:

  • This bank account either does not provide the option for overdraft protection OR there is no cap on number of fees that can be charged for this protection.

Bottom Line

This is a no hassle account with full ATM withdrawal fee reimbursement worldwide. You don't have to be rich to open a Fidelity account, though if your are looking for good savings rates you may want to look elsewhere.

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