topic Re: Fidelity Cash Management Account Question in Personal Finance

Fidelity Cash Management Account Question

Beast26 — Wed, 24 Apr 2024 20:24:54 GMT

I already have a roth IRA through fidelity. If I also open a fidelity Cash Management Account will it pull my chexsystems or anything again? Im not sure if Fidelity pull anything for opening their accounts.

Re: Fidelity Cash Management Account Question

keekers — Wed, 24 Apr 2024 21:41:33 GMT

I don't believe so; I'm 99% sure they didn't when I opened my CMA. It's basically a brokerage account with a different brand.

Re: Fidelity Cash Management Account Question

FicoMike0 — Thu, 25 Apr 2024 00:54:59 GMT

Fidelity pulls early warning. Whether they repeat for subsequent accounts is a good question. I'll try and get my was report and see if I can tell.

Re: Fidelity Cash Management Account Question

Beast26 — Thu, 25 Apr 2024 01:43:27 GMT

Do you think the fidelity customer service could answer the question or are they not up to date on technical things like this?

Re: Fidelity Cash Management Account Question

FicoMike0 — Fri, 26 Apr 2024 13:42:04 GMT

Wouldn't hurt to try. I've found fidelity customer service to be top rate!

Re: Fidelity Cash Management Account Question

Beast26 — Thu, 25 Apr 2024 23:44:23 GMT

I saw a post on Google where someone complained that fidelity closed their account for some reason and am not sure if it was related to churning. I won't be risking my Roth IRA account by doing ACH pushes with fidelity to all of these banks will I? Maybe I can open a Schwab account for push deposits instead. Some posters on Google said that fidelity tracks all of their activities.

Re: Fidelity Cash Management Account Question

FicoMike0 — Fri, 26 Apr 2024 00:06:44 GMT

I sure hope not, I've done a lot of push from fidelity.

If you look here:

https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#sidr-main

Schwab and most of the big banks seem to work.

Maybe we should switch to some expendable bank. I think Schwab pays $101 sub, maybe I'll give them a try.

Re: Fidelity Cash Management Account Question

Beast26 — Fri, 26 Apr 2024 00:35:35 GMT

I may play it safe and use Schwab for ACH pushes. Can never be too safe.

Re: Fidelity Cash Management Account Question

keekers — Fri, 26 Apr 2024 03:03:22 GMT

I've never had any issues with ACH pushes and Fidelity *shrug*

Re: Fidelity Cash Management Account Question

Beast26 — Sat, 27 Apr 2024 12:01:33 GMT

@keekers About how often do you do ACH pushes with them for bank bonuses?

Re: Fidelity Cash Management Account Question

keekers — Sat, 27 Apr 2024 15:04:36 GMT

@Beast26 wrote:
@keekers About how often do you do ACH pushes with them for bank bonuses?

Specifically for bank bonuses, rarely, however at one time I had a network of 3 or 4 banks that I was bouncing money around through Fido weekly for one reason or another.

Re: Fidelity Cash Management Account Question

FicoMike0 — Sat, 27 Apr 2024 17:42:40 GMT

I do about one a month.

Re: Fidelity Cash Management Account Question

Beast26 — Sun, 28 Apr 2024 12:12:48 GMT

@FicoMike0 How long have you been doing a bank bonus per month? Have you been denied any checking accounts going at that pace?

Re: Fidelity Cash Management Account Question

FicoMike0 — Sun, 28 Apr 2024 15:18:26 GMT

Good question. I've done 9 bonuses with 8 banks (2 with fidelity) since September 23. Turned down by one cu for out of footprint (stupid mistake) and turned down by key bank for Chex (they don't say, but, no doubt, too many inquires).

Re: Fidelity Cash Management Account Question

FicoMike0 — Sun, 28 Apr 2024 15:26:25 GMT

There's a lot of good info at

https://www.doctorofcredit.com/

Which banks pull chex, which pull ews, which are touchy, etc.

Re: Fidelity Cash Management Account Question

FicoMike0 — Sun, 28 Apr 2024 15:31:19 GMT

I actually counted, I've done 11, collected on 10, one pending. Total collected $3175.

Re: Fidelity Cash Management Account Question

Beast26 — Sun, 28 Apr 2024 19:22:47 GMT

Those are good numbers I think I will keep a one a month pace as well. I did more than one in March though. So far since January I've made $1225 with a $200 and $600 bonus pending. Thinking about adding fidelity checking.

Re: Fidelity Cash Management Account Question

FicoMike0 — Mon, 29 Apr 2024 03:43:44 GMT

We've come all the way back to fidelity, lol. I don't think they have a bonus right now. The us b is nice.

Re: Fidelity Cash Management Account Question

keekers — Mon, 29 Apr 2024 07:11:13 GMT

@FicoMike0 wrote:
We've come all the way back to fidelity, lol. I don't think they have a bonus right now. The us b is nice.

Fidelity has a $150 bonus offer.

Re: Fidelity Cash Management Account Question

TrapLine — Mon, 29 Apr 2024 07:38:49 GMT

@keekers wrote:
@FicoMike0 wrote:
We've come all the way back to fidelity, lol. I don't think they have a bonus right now. The us b is nice.
Fidelity has a $150 bonus offer.

What? I didn't get it!