Comments on: Best Checking Account That Is Not A Checking Account http://thefinancebuff.com/best-checking-account-which-is-not.html like a friend telling you about money ... Tue, 22 May 2012 00:03:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Newbie http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-4318 Newbie Wed, 18 Aug 2010 21:53:46 +0000 http://blog.thefinancebuff.com/?p=165#comment-4318 For anyone concerned about direct deposit and ACH withdrawals there is special information you will need to specify the following: United Missouri Bank Kansas City, MO ABA# 101205681 Prefix and account number: 39900000 followed by your account number (for example, if your account number is Z123456789 the account number you will need to reference is 399000007123456789) (Be sure to replace the X with 5; or the Y with 6; or the Z with 7; followed by the remaining eight digits of your account number) For anyone concerned about direct deposit and ACH withdrawals there is special information you will need to specify the following:

United Missouri Bank
Kansas City, MO
ABA# 101205681

Prefix and account number:
39900000 followed by your account number (for example, if your account number is Z123456789 the account number you will need to reference is 399000007123456789)

(Be sure to replace the X with 5; or the Y with 6; or the Z with 7; followed by the remaining eight digits of your account number)

]]> By: Phil Lach http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-4261 Phil Lach Sat, 31 Jul 2010 23:07:05 +0000 http://blog.thefinancebuff.com/?p=165#comment-4261 Im very pleased with "My Smart Cash" account from Fidelity. The Fidelity staff is polite and courteous, and they go beyond the limitations of traditional banking to be of assistance. Im very pleased with “My Smart Cash” account from Fidelity. The Fidelity staff is polite and courteous, and they go beyond the limitations of traditional banking to be of assistance.

]]> By: stephen http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-3751 stephen Fri, 02 Apr 2010 22:47:09 +0000 http://blog.thefinancebuff.com/?p=165#comment-3751 I have both Fidelity and ING. I will never go back to traditional banking again. I have both Fidelity and ING. I will never go back to traditional banking again.

]]> By: Matt http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-3125 Matt Sun, 03 Jan 2010 21:33:02 +0000 http://blog.thefinancebuff.com/?p=165#comment-3125 @TFB: Another great experience with Fidelity's customer service. I started a chat session, was connected with a rep within 30 seconds, and the rep indicated they do still offer postage-paid envelopes. Not sure why I didn't get them initially, but they'll be in the mail to me tomorrow. Matt @TFB:

Another great experience with Fidelity’s customer service. I started a chat session, was connected with a rep within 30 seconds, and the rep indicated they do still offer postage-paid envelopes. Not sure why I didn’t get them initially, but they’ll be in the mail to me tomorrow.

Matt

]]> By: Matt http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-3124 Matt Sun, 03 Jan 2010 21:13:06 +0000 http://blog.thefinancebuff.com/?p=165#comment-3124 @TFB: Just curious -- have you ordered deposit slips for your mySmart account recently? I just received a new batch, and the envelopes included are no longer postage-paid. I have a local credit union I can use to deposit checks, but simply dropping them in the mail was tops for simplicity. Matt @TFB:

Just curious — have you ordered deposit slips for your mySmart account recently? I just received a new batch, and the envelopes included are no longer postage-paid. I have a local credit union I can use to deposit checks, but simply dropping them in the mail was tops for simplicity.

Matt

]]> By: Mike http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-2714 Mike Fri, 18 Sep 2009 17:24:52 +0000 http://blog.thefinancebuff.com/?p=165#comment-2714 Yes. My Core Account is handled by UMB (United Missouri Bank), I would presume it is FDIC insured, but pays a low interest rate. I typically do online transfers into the higher paying Fidelity Cash Reserves Fund (not FDIC insured). The account will automatically sell shares of Fidelity Cash Reserves to fund payment of outstanding checks. I would bet on the collapse of the US Government (including FDIC) and the end of the world before I would bet on Fidelity Cash Reserves going under. The only downside is Fidelity is not allowed to handle cash deposits (via ATM or at their office). This is rarely an issue and when it is we use our seldom used credit union checking account to handle this. Yes. My Core Account is handled by UMB (United Missouri Bank), I would presume it is FDIC insured, but pays a low interest rate. I typically do online transfers into the higher paying Fidelity Cash Reserves Fund (not FDIC insured). The account will automatically sell shares of Fidelity Cash Reserves to fund payment of outstanding checks. I would bet on the collapse of the US Government (including FDIC) and the end of the world before I would bet on Fidelity Cash Reserves going under.

The only downside is Fidelity is not allowed to handle cash deposits (via ATM or at their office). This is rarely an issue and when it is we use our seldom used credit union checking account to handle this.

]]> By: TFB http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-988 TFB Thu, 02 Oct 2008 15:32:29 +0000 http://blog.thefinancebuff.com/?p=165#comment-988 Amiga - The "core" cash in Fidelity mySmart Cash account is deposited in a FDIC-insured bank account. If you buy a money market fund inside mySmart Cash, none of Fidelity's money market funds has broken the buck. I don't expect any of their money market funds to break the buck. Even if one does, I wrote about <a href="http://thefinancebuff.com/2008/09/breaking-the-buck-is-not-a-big-deal.html" rel="nofollow">Breaking The Buck Is Not a Big Deal</a>. Amiga – The “core” cash in Fidelity mySmart Cash account is deposited in a FDIC-insured bank account. If you buy a money market fund inside mySmart Cash, none of Fidelity’s money market funds has broken the buck. I don’t expect any of their money market funds to break the buck. Even if one does, I wrote about Breaking The Buck Is Not a Big Deal.

]]> By: Amiga http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-986 Amiga Thu, 02 Oct 2008 15:14:19 +0000 http://blog.thefinancebuff.com/?p=165#comment-986 Please let us have your comments on these money market funds (Fidelity checking account) now that the buck is broken. Please let us have your comments on these money market funds (Fidelity checking account) now that the buck is broken.

]]> By: Anonymous http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-736 Anonymous Thu, 24 Jul 2008 05:18:11 +0000 http://blog.thefinancebuff.com/?p=165#comment-736 At 1.5% interest rate now, Fidelity's not worth looking at! At 1.5% interest rate now, Fidelity’s not worth looking at!

]]> By: TFB http://thefinancebuff.com/best-checking-account-which-is-not.html#comment-724 TFB Sat, 19 Jul 2008 22:23:00 +0000 http://blog.thefinancebuff.com/?p=165#comment-724 Anon - It says on their website: If you’re not yet a Fidelity customer, please download a mail-in application: <a HREF="http://personal.fidelity.com/accounts/pdf/sca_app.pdf" REL="nofollow">mySmart Cash Account Individual or Joint registration (PDF)</a>. Anon – It says on their website: If you’re not yet a Fidelity customer, please download a mail-in application: mySmart Cash Account Individual or Joint registration (PDF).

]]>