Fidelity Investments, Cash Management checking Account downloading

Bobsails
Bobsails Quicken Windows Subscription Member
in Download, Add/Update Accounts (Windows)

It seems Quicken windows version has classified all Fidelity Investments accounts as investment accounts and does not give a single Fidelity account the option to be classified as a checking account. I have tried all the recommendations on the community homepage but none have worked. I would suggest Quicken need to update the software to give a single Fidelity account the option be classified as a checking account. Any input is welcome.

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited May 8

    Fidelity is a brokerage firm, not a bank. Thus, legally, they CAN'T offer a true checking account, only investment accounts.

    Q is acting properly.

    Now, in QWin, there's an option to create a pseudo-checking account for the cash portion of a taxable account that acts as if it were a checking account … but it's still an investment account as the funds are usually held in a money market fund which is an investment … not a bank account.

    I don't know if that feature is available in QMac, but if it isn't there's probably already an IDEA thread for such.

    image.png

    NOTE, that the pseudo-account is even "typed" in Q as being "Checking"

    image.png

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • bsantelli
    bsantelli Quicken Windows Subscription Member ✭✭✭

    I would like to see this as well to use for my fidelity hsa account. I tried to create the pseduo checking account when I added the hsa account, but it wasn't working (I forget now what it was or wasn't doing that it needed to because that was early this year). Has anyone successfully done this with a fidelity hsa account?

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