Can I connect Fidelity Cash Management account up to Bill Pay

Perry Smith

This type of account from Fidelity is essentially a checking account with ATM, check writing, etc. You can also buy CDs and other investments. When I connect to Fidelity and update the list of accounts, it makes this account a Brokerage account and there is no way for me to make it a checking account. That didn't bother me much. But now it appears as if Bill Pay => Manage Payment Accounts will only let me use what Quicken considers Checking and Savings accounts and so my Fidelity checking account is not in the list.

Is there a way around this situation? I was hoping to somewhat abandon my old credit union and just have everything in Fidelity (don't take that as any type of endorsement though).

Perry Smith

I’m sorry if this is a repeat. I typed all this up and I thought I posted it but I can’t find it.

@NotACPA was essentially on the right track. This is specifically for Quicken on the Mac. I’m using Version 6.5.1 (Build 605.42638.100)

1. Add a new Checking account by hitting the “+” sign towards the top left corner and selecting Checking.
2. Hit “Options”. The “Enter Transactions manually” will be selected.
3. Hit “Continue”
4. I prefer “Opening Balance” instead of “Live Opening Balance” but salt to taste.
5. Hit “Finish”

You now have a new empty Checking account. Let’s rename it “Faux Checking”:

1. Right Click
2. Rename
3. “Faux Checking”
4. Return

The name doesn’t matter but I’ll use that name from here on out.

Now we set up Quick Pay:

1. Right click on “Faux Checking”
2. Pick “Edit ‘Faux Checking’ Settings”
3. Select the “Bill Pay” tab
4. Select “Enable Quick Pay…”
5. Enter all of your information: Routing, Account, Address, etc.
6. Hit “Save”

Rinse and repeat with “Check Pay”

1. Right click on “Faux Checking”
2. Pick “Edit ‘Faux Checking’ Settings”
3. Select the “Bill Pay” tab
4. Select “Enable Check Pay…”
5. Enter all of your information…
6. Hit “Continue”
7. Hit “Send Verification Deposits”
8. When the micro deposits are seen in your account, enter them here. I can’t give precise details on this step because I already completed it.

Specifically do NOT try and connect this account up to automatically download transactions. Just connect it to Bill Pay.

As far as asking Fidelity for help, the response clearly didn't understand my situation. They simply punted the ball back to Quicken.

I am currently sending a $5 check to my son via Check Pay on this account to see if it works. I will try to remember to report back.