Account Data Security at Fidelity (2024)

FAQs

Are Fidelity accounts secure? ›

Protecting your assets

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible. See our protection guarantee and account coverage.

Cash balances in the Fidelity FDIC-insured Deposit Sweep Program are swept into an FDIC-insured interest-bearing account at one or more program banks. Deposits swept into the program bank(s) are eligible for FDIC insurance, subject to FDIC insurance coverage limits.

All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities.

Cons Explained

No access to futures or commodities: Fidelity does not support trading in futures, options on futures, commodities, or currencies, even though you can exchange currencies on the platform.

We employ the most sophisticated technologies and best practices available to make sure your sensitive information and accounts are well protected online, over the phone, and in person.

They must also have a certain amount of liquidity on hand, thus allowing them to cover funds in these cases. What this means is that even if you have more than $500,000 in one brokerage account, chances are high that you won't lose any of your money even if the broker is forced into liquidation.

Console and Associates, P.C. On August 11, 2023, Fidelity National Information Services, Inc. (“FIS Global”) filed a notice of data breach with the Attorney General of Maine after discovering that a vulnerability in the MOVEit file transfer program used by FIS Global compromised consumer information.

If you see unauthorized activity, contact us immediately at 800-544-6666 and we'll help you close the affected accounts and open new ones.

Yes. Fidelity Bank is safe, sound and well-capitalized. We are and have been a safe haven since 1909, surviving the Great Depression, the Savings and Loan crisis, the Great Recession, and World Wars, and our balance sheet is built so that we can be here for at least another 100 years.

Which is safer Fidelity or Vanguard? ›

While Fidelity wins out overall, Vanguard is the best option for retirement savers. Its platform offers tools and education focused specifically on retirement planning.

The reality is that either Schwab or Fidelity is an excellent broker choice for investors. The differences between the two are very small and may only matter to those looking for very specific offerings such as futures trading or a certain mutual fund.

In some cases, your login credentials are required for us to complete the verification process and confirm that the bank account being linked is actually your bank account. Fidelity only uses this information once during the login process, and the data is not stored in any manner whatsoever.

Hackers steal your passwords through a variety of methods including data breaches, password cracking, guessing, physical theft and malware. This can have serious consequences, especially if the hackers gain access to your accounts, but there are ways to protect yourself.

How secure and private is Full View? Fidelity is committed to maintaining the highest levels of security and privacy of your personal information. All data is secured within Fidelity, so we can provide you with the security and privacy you have come to trust and expect from Fidelity.

Fidelity Bank is extremely well-capitalized, safe and sound. We are a 4-star Bauer-rated financial institution, which is an excellent rating and a financial institution recommended by Bauer.

You must immediately contact and report to Fidelity by calling 800-544-6666 if you suspect any unauthorized account activity, errors, or discrepancies, if you lose the device you normally use to contact us, or if you have not received your account statements.

If you see unauthorized activity, contact us immediately at 800-544-6666 and we'll help you close the affected accounts and open new ones.