Comments on: Fidelity mySmart Cash $100 Bonus Received http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html like a friend telling you about money ... Thu, 19 Nov 2009 19:44:17 -0600 http://wordpress.org/?v=2.8 hourly 1 By: TFB http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-951 TFB Mon, 29 Sep 2008 19:37:22 +0000 http://blog.thefinancebuff.com/?p=168#comment-951 Robert - Please call Fidelity customer service. <a href="http://personal.fidelity.com/accounts/services/contact/contactlanding.shtml.cvsr" rel="nofollow">List of phone numbers</a>. Robert – Please call Fidelity customer service. List of phone numbers.

]]> By: Robert Hall http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-949 Robert Hall Mon, 29 Sep 2008 11:59:49 +0000 http://blog.thefinancebuff.com/?p=168#comment-949 How do I transfer my Etrade brokage accounts(2)? How do I transfer my Etrade brokage accounts(2)?

]]> By: Anthony http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-423 Anthony Mon, 28 Jan 2008 00:50:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-423 Hello everyone. I recently started using this service and I wanted to comment about to make sure you were aware of the gotcha's before you wholesale move all your banking over as I unfortunately did.<br/><br/>The MySmart Cash is a good idea in concept but it comes up short in a bunch of ways:<br/>The biggest issue I ran into was regarding transfers between fidelity accounts. I like to seperate my money using direct deposit to diff. accts and only access it if needed rather than dump everything in one big checking account. If I decide I need access to cash and it lives in another account and I'm outside business hours (ie saturday or sunday when I actually enjoy the money I make m-f) I can't get at it. That's because transfers are instant during the bank's working hours.<br/><br/>The second maor issue is with a bug they have in their bill pay system. As I said, I direct deposit specific ammounts ot multiple accounts, one of which is a fixed amount bills acct. I fund this account w/ the exact ammount to pay this bills that have the same amount every month. On some occasions you can get into a scenario where two bills close together will cause your bills to be rejected because you have scheduled funding to occur between those two bills but the system tries to be smart and says you won't have enough to pay both of these in the future so we won't pay the bigger one.<br/><br/>As I said I have some very specific usesages of how I like to setup my account but the truth is this hasn't been able to replace my bank account which I've had to keep around and may end up returning to eventually if this continues to be a pain.<br/><br/>Good luck Hello everyone. I recently started using this service and I wanted to comment about to make sure you were aware of the gotcha's before you wholesale move all your banking over as I unfortunately did.

The MySmart Cash is a good idea in concept but it comes up short in a bunch of ways:
The biggest issue I ran into was regarding transfers between fidelity accounts. I like to seperate my money using direct deposit to diff. accts and only access it if needed rather than dump everything in one big checking account. If I decide I need access to cash and it lives in another account and I'm outside business hours (ie saturday or sunday when I actually enjoy the money I make m-f) I can't get at it. That's because transfers are instant during the bank's working hours.

The second maor issue is with a bug they have in their bill pay system. As I said, I direct deposit specific ammounts ot multiple accounts, one of which is a fixed amount bills acct. I fund this account w/ the exact ammount to pay this bills that have the same amount every month. On some occasions you can get into a scenario where two bills close together will cause your bills to be rejected because you have scheduled funding to occur between those two bills but the system tries to be smart and says you won't have enough to pay both of these in the future so we won't pay the bigger one.

As I said I have some very specific usesages of how I like to setup my account but the truth is this hasn't been able to replace my bank account which I've had to keep around and may end up returning to eventually if this continues to be a pain.

Good luck

]]> By: Anonymous http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-399 Anonymous Wed, 16 Jan 2008 23:18:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-399 I called Fidelity and they told me the mySmart account wasn't eligible for either the $100 or the miles promotion. Has anyone tried recently to see what would happen? I called Fidelity and they told me the mySmart account wasn't eligible for either the $100 or the miles promotion. Has anyone tried recently to see what would happen?

]]> By: Anonymous http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-387 Anonymous Mon, 14 Jan 2008 05:55:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-387 Had my mySmart for about 6 months and very happy with it. Here's something I've learned that is interesting: If you mail or make a deposit in person (cash deposits are not accepted), it takes about 4 business days before funds are available. Same is true if you transfer funds from external accounts by ACH into your Fidelity account using Fidelity's site. I have an account with BofA, and when I initiate a transfer from my BofA account (from BofA web site), into my Fidelity account, funds are available on the day it's received by Fidelity. In other words, don't use Fidelity to transfer funds into your Fidelity account unless you don't mind the 4 business day hold. Where ever your money is already in, use that home banking service to transfer money into your Fidelity and funds will be available when it's received. With BofA, if I make a transfer request by 5pm, it's in my Fidelity account the next morning. Had my mySmart for about 6 months and very happy with it. Here's something I've learned that is interesting: If you mail or make a deposit in person (cash deposits are not accepted), it takes about 4 business days before funds are available. Same is true if you transfer funds from external accounts by ACH into your Fidelity account using Fidelity's site. I have an account with BofA, and when I initiate a transfer from my BofA account (from BofA web site), into my Fidelity account, funds are available on the day it's received by Fidelity. In other words, don't use Fidelity to transfer funds into your Fidelity account unless you don't mind the 4 business day hold. Where ever your money is already in, use that home banking service to transfer money into your Fidelity and funds will be available when it's received. With BofA, if I make a transfer request by 5pm, it's in my Fidelity account the next morning.

]]> By: Kemble2000 http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-366 Kemble2000 Thu, 03 Jan 2008 17:23:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-366 Looks and feels bettere than sliced bread! Though big snag...they will close your account (based on internal rules) without notifying you! As a member of a FINRA b/d, Fidelity required a 407 letter to open the account, which they received. One month later, computer systems did not "link" and thought my letter never came in. Bank account closed, no access to funds, checks declined for payment, all without any notice (all I received was an email stating my BillPay service was turned off). Still a new product...so be very mindful of all transactions and notices. Looks and feels bettere than sliced bread! Though big snag…they will close your account (based on internal rules) without notifying you! As a member of a FINRA b/d, Fidelity required a 407 letter to open the account, which they received. One month later, computer systems did not "link" and thought my letter never came in. Bank account closed, no access to funds, checks declined for payment, all without any notice (all I received was an email stating my BillPay service was turned off). Still a new product…so be very mindful of all transactions and notices.

]]> By: TFB http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-317 TFB Fri, 23 Nov 2007 05:03:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-317 I haven't had any issue whatsoever with the Fidelity mySmart Cash account. I run everything through it -- direct deposit, ATM, checks, bill pay, direct debit, brokerage settlement, ... everything. Fidelity's electronic fund transfer is the fastest you can get anywhere. Transfer today, you see it in the other account the next business day. I haven't had any issue whatsoever with the Fidelity mySmart Cash account. I run everything through it — direct deposit, ATM, checks, bill pay, direct debit, brokerage settlement, … everything. Fidelity's electronic fund transfer is the fastest you can get anywhere. Transfer today, you see it in the other account the next business day.

]]> By: Anonymous http://thefinancebuff.com/2007/09/fidelity-mysmart-cash-100-bonus.html/comment-page-1#comment-316 Anonymous Thu, 22 Nov 2007 18:29:00 +0000 http://blog.thefinancebuff.com/?p=168#comment-316 Hi,<br/><br/>Have you had any issues with the account? Does it support electronic funds transfer?<br/><br/>Thanks Hi,

Have you had any issues with the account? Does it support electronic funds transfer?

Thanks

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