Did the overdraft pull show up after a few minutes so the CMA does not show a negative balance, or does it show negative until the following morning?I encountered the too many digits problem with Verizon Visa from Synchony Bank. A call to customer service took care of that. I switched my transactional activity from Ally checking to a Fidelity brokerage account this month. I had 10 ACH debits (Citi, Chase , Wells Forgo, Xfinity, gas companies, Affirm, Synchrony, to name a few). All worked exactly as expected.There have been occasional reports of ACH initiators not accepting the long account numbers Fidelity uses, but for the most part it is not an issue.I searched this website but couldn't find this answer. If I initiate an ACH transfer to pay my credit card bills from a credit card website (say capital one or amex's website), have there been any issues pulling funds from Fidelity's CMA account? Thanks.
This is a Fidelity brokerage account, not a CMA. In my research before making this change, the only problems I found others had experienced was with Overdraft in a CMA not working as expected. That said, I have done opened a CMA and plan to switch to it in June when the SPAXX as Core becomes available. And I tried an ATM withdrawal with the CMA card for more than the small balance in that account. The overdraft worked as expected, pulling the necessary funds from the linked Fidelity brokerage. And the ATM fee was reimbursed in a few days.
Statistics: Posted by runr — Sun Apr 28, 2024 11:03 pm