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.
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.
| Bank | Outgoing Domestic Wire |
|---|---|
| Schwab | $25 ($15 online) |
| 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 | $25 ($15 online) |
| FDIC coverage | Up to $4 million (FDIC sweep, if elected) | Standard $250,000 |
| Savings rate | SPAXX: 3.50% (Oct. 13, 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:
- If you choose the FDIC-Insured Deposit Sweep Program, Fidelity spreads CMA cash across FDIC-insured program banks
- FDIC coverage: up to $4 million
- 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, up to $4M FDIC
- Fidelity vs Schwab 2026 — full comparison of fees, rates, and FDIC
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