The Fidelity Cash Management Account (CMA) does not publish a standard daily ATM withdrawal limit; you can view the limits for your debit card by accessing Manage debit cards. Fidelity reimburses all ATM fees charged by other institutions.
See the Fidelity banking overview for a full summary of CMA features and the Fidelity vs. Schwab comparison.
Fidelity ATM Withdrawal Limits
Fidelity does not publish a daily ATM limit for the Cash Management Account. You can view the daily limits and remaining balance associated with your debit card by accessing Manage debit cards in your account.
| Account | Daily ATM Limit |
|---|---|
| Fidelity CMA | Not published; shown under Manage debit cards |
Fidelity ATM Fee Reimbursement: How It Works
Like Schwab, Fidelity reimburses ATM fees automatically:
- Use an ATM displaying the Visa, Plus or Star logo, anywhere in the world
- ATM charges a fee
- Fidelity reimburses it — no cap, no claim required
- The reimbursement is credited the same day the fee is debited
Foreign transactions: No foreign transaction fees charged by Fidelity. The interbank exchange rate applies.
How to Increase Your Fidelity ATM Limit
Fidelity does not publish a standard ATM limit or a limit-increase process. Check your current daily limit under Manage debit cards, then contact Fidelity if you need to ask about a change.
Fidelity Cash Management Account: Full Feature Overview
| Feature | Details |
|---|---|
| Monthly fee | $0 |
| Minimum balance | $0 |
| ATM fees | Reimbursed unlimited worldwide |
| Daily ATM limit | Not published; shown under Manage debit cards |
| Foreign transaction fee | 0% |
| Zelle | Not listed on Fidelity’s pages |
| FDIC insured | Yes, if you choose the FDIC sweep — up to $4 million via program banks |
| APY | Competitive (swept to money market daily) |
One notable gap: Fidelity’s pages do not list Zelle for the CMA. If you regularly split rent or pay friends digitally, a traditional checking account at a Zelle-enabled bank is a better primary account — with the Fidelity CMA as a travel or high-balance companion.
FDIC Coverage: Fidelity’s Standout Advantage
Fidelity CMA uses a program bank network for FDIC coverage, providing up to $4 million in FDIC insurance if you choose the FDIC sweep — compared to the standard $250,000 at most banks.
| Bank | FDIC Coverage |
|---|---|
| Fidelity CMA | Up to $5,000,000 |
| Charles Schwab | $250,000 |
| Chase | $250,000 |
| Ally | $250,000 |
Fidelity vs. Schwab: ATM Comparison
| Feature | Fidelity CMA | Schwab Investor Checking |
|---|---|---|
| ATM limit | Not published | $1,000 daily cash limit (Visa Platinum Debit Card) |
| ATM fee reimbursement | Unlimited worldwide | Unlimited worldwide |
| Foreign transaction fee | 0% | 0% |
| Requires brokerage | No (standalone) | Yes (Schwab One) |
| Zelle | ❌ No | ❌ No |
| FDIC coverage | Up to $4M (FDIC sweep, if elected) | $250K |
Which to choose:
- High balance holders → Fidelity (up to $4M FDIC coverage)
- Want a published ATM limit → Schwab ($1,000 daily cash limit on its Visa Platinum Debit Card)
- Using for international travel → Both are identical in cost
Worked Example: International Trip ATM Cost
A 10-day Europe trip with 4 ATM withdrawals of $200 each ($800 total):
| Cost | Typical Bank | Fidelity CMA |
|---|---|---|
| ATM fees (4 × $5) | $20.00 | $0 (reimbursed) |
| Foreign transaction fee (3% × $800) | $24.00 | $0 |
| Total extra cost | $44.00 | $0 |
For a two-week trip with more withdrawals, savings can easily reach $60–$100.
For wire transfer limits, see the Fidelity wire transfer limit guide.
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