Fidelity Cash Management Account Question

[Beast26]

I already have a roth IRA through fidelity.  If I also open a fidelity Cash Management Account will it pull my chexsystems or anything again?  Im not sure if Fidelity pull anything for opening their accounts.

[keekers]

I don't believe so; I'm 99% sure they didn't when I opened my CMA. It's basically a brokerage account with a different brand.

[FicoMike0]

Fidelity pulls early warning. Whether they repeat for subsequent accounts is a good question. I'll try and get my was report and see if I can tell.

[Beast26]

Do you think the fidelity customer service could answer the question or are they not up to date on technical things like this?

[FicoMike0]

Wouldn't hurt to try. I've found fidelity customer service to be top rate!

[Beast26]

I saw a post on Google where someone complained that fidelity closed their account for some reason and am not sure if it was related to churning.  I won't be risking my Roth IRA account by doing ACH pushes with fidelity to all of these banks will I?  Maybe I can open a Schwab account for push deposits instead.  Some posters on Google said that fidelity tracks all of their activities.

[FicoMike0]

I sure hope not, I've done a lot of push from fidelity. 

If you look here:

https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#sidr-main

Schwab and most of the big banks seem to work.

Maybe we should switch to some expendable bank. I think Schwab pays $101 sub, maybe I'll give them a try.

[Beast26]

I may play it safe and use Schwab for ACH pushes.  Can never be too safe.

[keekers]

I've never had any issues with ACH pushes and Fidelity *shrug*

[Beast26]

@keekers  About how often do you do ACH pushes with them for bank bonuses?