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Fidelity lets clients manage cash, deposit checks via enhanced mobile apps

May 26, 2011

Fidelity Investments is allowing its clients to manage their cash and deposit checks via the company’s newly enhanced iPhone, iPad and Android applications.

The Fidelity application lets investors pay bills and manage other financial transactions via their mobile devices. The applications are available for free download in Apple’s App Store and Google’s Android Market.

“Mobile Check Deposit, Fidelity BillPay and Money Movement deliver capabilities that our retail customers have been requesting to help them easily manage cash positions on the mobile devices they use everyday,” said Steve Austin, director of media relations at Fidelity Investments, Boston.

“Fidelity chose to update its mobile apps with this functionality because customers have been telling us that the ability to deposit checks, manage cash and pay bills on the go can help make them more versatile and effective investors,” he said.

All about the money
Fidelity clients can access their account information, watch lists and stay updated on domestic and world markets via the mobile app.

Additionally, investors can receive real-time quotes, compare the performance of multiple stocks on one screen with interactive charting capabilities and trade stocks.

The new mobile enhancements let clients take a picture of a check with their iPhone or Android device and send it to Fidelity for deposit in a non-retirement account.

Investors can check their accounts via the mobile app

“We’re getting the word out about this via our Web site, customer communications and social media,” Mr. Austin said.

Cashing in
Clients can also manage and pay bills on the go from their brokerage account and mySmart Cash Account.

The Mobile Money Movement feature lets clients move cash between eligible Fidelity accounts and to and from outside banks.

In addition, investors who have the current app can receive an alert on their smartphone to download the updated version.

“For more than a decade, Fidelity has been a leader in mobile brokerage technologies,” Mr. Austin said.

“Mobile has been a key part of our strategy to offer high-quality tools and services to our customers in order to help them be smarter traders and investors,” he said.

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Rimma Kats is associate editor on Mobile Commerce Daily and Mobile Marketer. Reach her at

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