Fidelity Cash Management Account charges no monthly fee, no minimum balance fee, no foreign transaction fee, and no outgoing domestic wire fee. Fidelity reimburses all ATM fees worldwide with no cap — matching Schwab’s best-in-class offering. This page previously stated a $10 outgoing wire fee; that figure has been corrected to $0, confirmed directly against Fidelity’s own fee schedule and cash-management wire page (verified September 19, 2026).
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 | $0 | Confirmed at fidelity.com/cash-management/bank-wires, Sept. 19, 2026 |
| 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 Fee: $0, Confirmed
Fidelity’s own bank-wires page states plainly that it does not charge fees to process outgoing wire transfers, and the brokerage commission schedule agrees. This resolves a discrepancy that previously existed across this site’s Fidelity content — some pages correctly stated wires are free, while this page incorrectly cited $10. Both figures could not be right; the confirmed answer is $0.
| Bank | Outgoing Domestic Wire |
|---|---|
| Schwab | $0 (per Schwab’s published fee schedule) |
| Fidelity | $0 (confirmed Sept. 19, 2026) |
| Ally | $20 (per ally.com, Sept. 2026) |
| Chase | $25-$35 |
| Bank of America | $30 |
| Wells Fargo | $30 |
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 | $0 | $0 (per Schwab’s published fee schedule) |
| FDIC coverage | Up to $5 million | Standard $250,000 |
| Savings rate | SPAXX: 3.38% (Sept. 19, 2026) | Schwab bank savings: ~0.48% (confirm current rate) |
Fidelity’s FDIC Advantage
Fidelity’s FDIC coverage is a material advantage independent of the wire-fee comparison above:
- 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
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