Fidelity Personal Trust Company, FSB
Fidelity Personal Trust Company, FSB is headquartered in Boston and is the 122nd largest bank in the state of Massachusetts. It is also the 4,468th largest bank in the nation. It was established in 2000 and as of June of 2017, it had grown to 34 employees at 3 locations. Fidelity Personal Trust Company, FSB has an A health rating.
Smart Investing
I signed up with Fidelity Persona Trust Company 2 years ago and created my ROTH IRA account. The goal was to save for retirement since I didn't have a 401K account. I became interested in stocks a few months ago, and Fidelity has been great in helping me through the process. With the lowest fees amongst its competitors, I knew investing through Fidelity was the smart move. One time, a trade glitched and it charged me more than I had wanted to buy. I contact customer service, and they were quick to alleviate the issue for me.
Fidelity Bank
I opened up a cash management account (a checking account) with Fidelity about four years ago. I was looking for a bank that could offer investor services, plus allow me to open a checking account. I was referred to Fidelity by family members who have banked with them for a number of years. They were very satisfied with them, and also needed a place where they can invest in a good range of stock and mutual funds while maintaining a checking account. Obtaining such an account is very important to me, as I desire to build my financial foundation with investments in solid stock and having a checking account in one place.
My experience with Fidelity has been very nice. I am very satisfied with their customer service, their website and how easy it is to navigate it, and the range of services to manage your account. Depositing money to Fidelity from my job has been seamless and the money shows up in my account normally two to five business days. I am very satisfied with the timing it takes to see the money in my account. My account page gives us tabs for us to check all accounts, see how much the investment account is gaining or have lost due to the stock, and it allows us to easily check pending deductions and credits.
Fidelity has probably one of the best website and customer account pages that I have experienced. The deposits get there quickly, seamlessly, and processed in good time.
Fidelity Cash Management
The Fidelity Cash Management account is checking account with so many great features. First and foremost I travel abroad for 180 days a year and guess what? The account refunds all ATM fees, even international fees. Many times the ATM fees abroad are over $6.00 per transaction and Fidelity refunds that amount in the account the next business day. There is no limit to my knowledge of the amount of fees that can reimbursed. They also give you free checks for the account, but I've never actually written one. Secondly you can remotely deposit checks into you account with your phone. Just endorse the check and take a picture of the front and back with your phone. The funds are available for use the next business day. It's that simple. My grandmother sent me a check while I was abroad for my birthday and I had no problem depositing the check, even though I wasn't in the US. I've only had to call their customer service a couple times and I've never had to wait for a customer service rep. They are kind, respectful, and knowledgeable. They also verify your credentials much more in depth than most banks I've dealt with in the past. I appreciate that, knowing that someone else (not even my own father who knows most things about me) wouldn't be able to access my bank information. I have several bank accounts but Fidelity is the primary account I use. I've never had any fees from them (I don't think they charge any fees) and would recommend them to anyone.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35206 |
| Year Established | 2000 |
| Employees | 34 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 65.6% |
| Return on Equity - YTD | 82.16% |
| Annual Interest Income | $967.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $91.6MM$92.7MM |
| Loans | Q2 2017vs Q2 2016 | $0$0 |
| Deposits | Q2 2017vs Q2 2016 | $500.00K$500.00K |
| Equity Capital | Q2 2017vs Q2 2016 | $69.8MM$67.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $0$0 |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $0$0 |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
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| Fidelity Personal Trust Company, FSB Locations | ||
|---|---|---|
| Fidelity Personal Trust Company, FSB | 245 Summer Street, 2nd Floor | Boston, MA 02210 |