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Fidelity "My Smart Cash Account" for (anyone)

Date: Wed, 10/08/2008 - 14:42

Submitted by Mary Adkins Matthews
on Wed, 10/08/2008 - 14:42

Posts: 755 Credits: [Donate]

Total Replies: 22

Fidelity "My Smart Cash Account" for (anyone)


Fidelity Investments

Special Notes:
It has been reported that anyone can get an account with them and they do not use chexsystems.


email:
Quote:
Thank you for the opportunity to address your email in regards to depositing money with Fidelity Investments.

Yes, if you open a Fidelity Account, you can deposit a check at any one of our Fidelity Investor Centers. Or, you may mail us a check at any one of the following addresses:

Overnight mail address (extra postage required):

Fidelity Investments
100 Crosby Parkway
Mail Zone KC1H
Covington, KY 41015

Standard mail address:

Fidelity Investments
PO Box 770001
Cincinnati, OH 45277


Here is a list of the centers

http://personal.fidelity.com/accounts/se....refpr=sitmap195


for ATM information go to
http://branchlocator.fidelity.com/branchlo...uery?refpr=cuic

I called Fidelity and apparently most of the investment centers have what they call ....ADMs (Automatic Deposit Machines) where you can deposit any check made out to Fidelity or to you and they will be posted to your account.


If there is not an Investment Center local to you that has an ADM, they will send out pre-paid envelopes to mail in your deposits.


THE BEST THING IS THAT THERE ARE NO ATM FEES .. THEY ARE CREDITED BACK IN A FEW DAYS



No annual fee
Use your card wherever Visa cards are accepted, over 20 million locations worldwide
Access to over one million Visa ATMs in over 160 countries—most major banks around the world
ATM fee and surcharge reimbursements available



email

Quote:
We realize there are many different investment companies and we appreciate your interest in Fidelity. You are able to simply open a mySmart Cash Account and not be required to open a brokerage account. To learn more and/or set up a mySmart Cash Account, please access the link below.


If you’re not yet a Fidelity customer, please download a mail-in application: mySmart Cash Account Individual or Joint registration (PDF). You can just open the account by mail as well without having going through the hassle of opening an brokerage account then opening the checking. Here's the link to the mail-in app so you can just get the smart cash account without opening a brokerage.


http://personal.fidelity.com/accounts/pdf/sca_app.pdf

If you choose to open online and not through the mail, you will have to open the brokerage account first but you DO NOT have to fund it.

http://personal.fidelity.com/accounts/aong...earn.shtml.cvsr


If you live near an investment center:
-you can print the application, fill it out, and take it to an investment center. This way you get the account number right away.


ADDITIONAL EMAIL FROM THEM
Quote:
We appreciate your interest in Fidelity’s mySmart Cash Account and the opportunity to assist you.

Fidelity does not access your credit report when you open a mySmart Cash Account with us.


WOW,they are offering that now.i am going to look into this for sure.thanks mca.great info as always.


lrhall41

Submitted by paulmergel on Wed, 10/08/2008 - 14:55

( Posts: 15514 | Credits: )


You are very welcome. So far it has helped a lot of people especially those that are in areas where there are very few non-chex banks.

Some people get a little confused and believe that you have to have 2500.00 to open an investment account first but you do NOT. You can open the checking without the investment.


lrhall41

Submitted by Mary Adkins Matthews on Wed, 10/08/2008 - 19:23

( Posts: 755 | Credits: )


That is a really good question. I am not sure how to really answer it. Fidelity does seem to be doing fine. I know here in Ohio, they have commercials on all day for Fidelity. Since I added Fidelity to my list, I can't tell you how many have got accounts with them. The response is huge but that is only because there are so many states that have limited anounts of banks that are non-chex.

Have you considered any other banks or credit unions? Where exactly do you live?


lrhall41

Submitted by Mary Adkins Matthews on Tue, 10/28/2008 - 22:37

( Posts: 755 | Credits: )


I just opend an account with Fidelity and got the account numbers and everything. My only question to anyone who might know is. Are they going to send me a letter telling me that they closed my acct cuz of credit or checksys.


lrhall41

Submitted by anonymous on Tue, 02/17/2009 - 03:46

( Posts: 202330 | Credits: )


in the first post by MCA it says that they do not use chexsystems.so you should be okay.


lrhall41

Submitted by paulmergel on Tue, 02/17/2009 - 06:37

( Posts: 15514 | Credits: )


I would give them a call..

I called Fidelity and apparently most of the investment centers have what they call ....ADMs (Automatic Deposit Machines) where you can deposit any check made out to Fidelity or to you and they will be posted to your account.


If there is not an Investment Center local to you that has an ADM, they will send out pre-paid envelopes to mail in your deposits.


lrhall41

Submitted by Mary Adkins Matthews on Tue, 03/10/2009 - 09:35

( Posts: 755 | Credits: )