Can I Open Multiple Cash Management Accounts on Fidelity?
Here’s a summary of the user’s query and the response regarding Fidelity’s Cash Management Accounts:
- Main Problem: The user inquired about the limit on the number of Cash Management Accounts they could open at Fidelity and whether having multiple accounts would have any negative implications.
- Solution: Fidelity confirmed that there is no limit to the number of Cash Management Accounts one can open.
- Additional Advice: Users can open multiple accounts without negative effects, provided they can manage them effectively; Fidelity suggested using nicknames for accounts to help keep them organized.
Here’s the full thread
I was wondering if there’s a limit to the number of accounts you can open on Fidelity.
I’m specifically looking at Cash Management accounts.
Would opening multiple accounts negatively impact me in any way?
Thanks for reaching out to us on our Discord! Good news – there is no limit to the number of Cash Management Accounts (CMA) you can open at Fidelity. Opening multiple accounts would not negatively impact you in any way, as long as you can keep them all straight! You can always nickname your accounts to assist with that, though. 🟢
Sounds good, thanks!