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Nope, does not apply to money market funds as far as I know. You can always double check with Fidelity live chat/phone support.
by whitepoplar 8y ago
Nope, does not apply to money market funds as far as I know. You can always double check with Fidelity live chat/phone support.
- whitepoplar 8y agoI just confirmed that Reg D doesn't apply to money market funds in Fidelity cash management accounts, since technically, they're not bank accounts, but brokerage accounts with banking features. This is probably why Schwab doesn't offer the same feature, because Schwab is a bona fide bank and offers true bank accounts to complement their brokerage accounts.