Fidelity Cash Management Account charges no monthly fee, no minimum balance fee, and no foreign transaction fee. Fidelity reimburses all ATM fees worldwide with no cap — matching Schwab’s best-in-class offering. The one notable fee: $10 for outgoing domestic wire transfers.
Fidelity CMA Fee Schedule 2026
| Fee Type | Amount | Notes |
|---|---|---|
| Monthly maintenance fee | $0 | No conditions |
| Minimum balance fee | $0 | No minimum |
| ATM fees (any ATM worldwide) | $0 | Fidelity reimburses all surcharges |
| Foreign transaction fee | $0 | Purchases and ATM withdrawals |
| Outgoing domestic wire | $10 | One weak spot vs Schwab ($0) |
| Incoming domestic wire | $0 | — |
| Outgoing international wire | Not available | — |
| Overdraft fee | $0 | Transactions decline if insufficient funds |
| Card replacement (standard) | $0 | — |
| Account closure | $0 | — |
Unlimited Worldwide ATM Fee Reimbursement
Like Schwab, Fidelity reimburses every ATM fee, anywhere in the world, with no monthly cap. Here’s how it works:
- Use any ATM (Fidelity has no proprietary ATM network)
- The ATM operator charges a surcharge (e.g., $3.50 domestic, €4.00 international)
- Fidelity credits back the exact fee charged — within 1–2 business days
- No action required, no monthly limit, no ATM restrictions
Example: 10 ATM withdrawals per month at $3.00 surcharge each = $30 in ATM fees. Fidelity reimburses all $30. Effective ATM cost: $0.
Outgoing Wire: The $10 Fee
Fidelity’s one meaningful fee is $10 for outgoing domestic wire transfers. Compare:
| Bank | Outgoing Domestic Wire |
|---|---|
| Schwab | $0 |
| Fidelity | $10 |
| Ally | $20 |
| Chase | $25–$35 |
| Bank of America | $30 |
| Wells Fargo | $30 |
For users who rarely wire money, the $10 fee is negligible. For frequent wire users (real estate, business payments), Schwab’s $0 wire is a meaningful advantage.
Fidelity vs Schwab Fee Comparison
| Feature | Fidelity CMA | Schwab Investor Checking |
|---|---|---|
| Monthly fee | $0 | $0 |
| ATM reimbursement | Unlimited worldwide | Unlimited worldwide |
| Foreign transaction | $0 | $0 |
| Outgoing domestic wire | $10 | $0 |
| FDIC coverage | Up to $5 million | Standard $250,000 |
| Savings rate | ~2.69% (money market) | ~0.48% (savings) |
Fidelity’s FDIC Advantage
While Schwab has better wire fees, Fidelity’s FDIC coverage is a material advantage:
- Fidelity sweeps CMA balances across 20+ FDIC-insured partner banks
- Effective FDIC coverage: up to $5 million per account
- Schwab Bank is FDIC insured at the standard $250,000 per depositor
For balances above $250,000, Fidelity is significantly safer from an FDIC standpoint.
Related Guides
- Fidelity routing number 2026 — 101205681 for direct deposit and wires
- Fidelity ATM limit 2026 — unlimited worldwide reimbursement
- Fidelity minimum balance 2026 — $0 minimum, $5M FDIC
- Fidelity vs Schwab 2026 — full comparison of fees, rates, and FDIC
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy