Have you seen a charge labeled “FID BKG SVC LLC Moneyline” on your bank statement and wondered what it is? This charge comes from Fidelity Investments Brokerage Services.
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Fidelity Investments is a financial company based in Boston, Massachusetts. They serve over 40 million individual investors, nearly 23,000 businesses, and work with about 3,600 advisory firms.
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What is FID BKG SVC LLC
Fidelity Brokerage Services LLC, often abbreviated as FBS, is a financial giant Fidelity Investments subsidiary. FBS is the brokerage arm for individual investors, allowing them to buy and sell securities like stocks, bonds, and mutual funds.
They also provide account management tools, research resources, and educational materials to help investors make informed decisions. As a registered broker-dealer, FBS is subject to regulations that ensure investor protection.
FID BKG SVC LLC is the legal but less commonly used name for Fidelity Brokerage Services LLC, a subsidiary of Fidelity Investments.
What is the FID BKG SVC LLC Moneyline charge?
The charge “FID BKG SVC LLC” on your bank statement is linked to Fidelity Investments Brokerage Services. It indicates an electronic transfer where money was taken from your bank account or credit card for using Fidelity’s services.
Fidelity Investments is a large financial services company based in Boston, Massachusetts. It serves over 40 million individual investors, nearly 23,000 businesses, and around 3,600 advisory firms in North America, Europe, Asia, and Australia.
Fidelity operates in nine countries across North America, Europe, Asia, and Australia. It has 12 regional sites and over 200 investor centers worldwide. As of 2022, Fidelity manages $9.9 trillion in assets and handles about $2.8 million in daily trades.
Fidelity offers various services to help people invest, plan for retirement, and use financial products like stocks, bonds, mutual funds, ETFs, annuities, and CDs. If you have invested or saved money with Fidelity, you will see the “FID BKG SVC LLC” charge on your bank statement.
Reasons Behind The FID BKG SVC LLC Charge
The charge is typically linked to the services provided by FID SVC LLC. These charges can be recurring or subscription-based. Fidelity offers a wide range of services to help individuals invest, plan for retirement, and utilize various financial products like stocks, bonds, mutual funds, ETFs, annuities, CDs, and more. If you have invested or saved money with Fidelity Investments, you will see the “FID BKG SVC LLC” charge on your bank statement.
You might see a charge from FID BKG SVC LLC, which is most likely Fidelity Brokerage Services, on your account for a few reasons. Here’s a breakdown for you
- Trading Fees: When you buy or sell stocks, bonds, or other investments through Fidelity, there might be a small fee for each trade. Think of it like a toll booth you pay a little bit to use when you buy or sell something.
- Account Fees: Some Fidelity accounts have a monthly fee to keep them open. It’s like a membership fee for your investment club.
If you’re not sure why you see the charge, it’s best to check with whoever helps you manage your investments. They can log in to your account and see the details of the charge. It’s like looking at a receipt to understand what you paid for.
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How FID BKG SVC LLC charge appear on the Bank Statement?
The FID BKG SVC LLC charge may appear differently on your bank statement depending on the service you received.
If you see the “Moneyline FID BKG SVC LLC” charge on your bank statement, it might include extra details related to your Fidelity Investments Brokerage Services account.
Here are some variations of the charge names that might appear on your bank statement:
- FID BKG SVC LLC
- FID BKG SVC
- FID BKG SVC LLC MONEYLINE
- FID BKG SVC LLC MONEYLINE ONLY
- FID BKG SVC LLC MNY MKT SWEEP
- FID BKG SVC LLC NMM MKT SWEEP
- FID BKG SVC LLC CASH REDEMPTION
- FID BKG SVC LLC DRIP PURCHASE
- FID BKG SVC LLC ATM WITHDRAWAL
- FID BKG SVC LLC FOREIGN TRANS
- FID BKG SVC LLC FDIC INSURED
- FID BKG SVC LLC SECURITIES
- FID BKG SVC LLC CONTR TO IRA
- FID BKG SVC LLC CONTR TO ROTH
- FID BKG SVC LLC CONTR TO BROK
- FID BKG SVC LLC CONTR TO CESA
- FID BKG SVC LLC CONTR TO UTMA
- FID BKG SVC LLC CONTR TO 529
- FID BKG SVC LLC CONTRIBUTION
- FID BKG SVC LLC ROTH CONTRIBUTES
- FID BKG SVC LLC TRANS IN ACCT
- FID BKG SVC LLC TRANSFER TO
- FID BKG SVC LLC DISTRIBUTION
- FID BKG SVC LLC RMD PAYMENT
- FID BKG SVC LLC ELECTRONIC
- FID BKG SVC LLC WITHDRAWAL
- FID BKG SVC LLC TRADE CHARGE
- FID BKG SVC LLC TRANS-FEE
- FID BKG SVC LLC SERVICE FEE
- FID BKG SVC LLC ADVISORY FEE
- FID BKG SVC LLC INTEREST PAYMENT
- FID BKG SVC LLC DIVIDEND PAYMENT
- FID BKG SVC LLC DIV REINVEST
- FID BKG SVC LLC BOND INTEREST
- FID BKG SVC LLC EXPENSE RATIO
- FID BKG SVC LLC ANNUITY FEE
- FID BKG SVC LLC CUSTODY FEE
- FID BKG SVC LLC CHECK CHARGE
- FID BKG SVC LLC WIRE TRANSFER
- FID BKG SVC LLC EFT PAYMENT
- FID BKG SVC LLC ACH PAYMENT
How to Deal With FID BKG SVC LLC charge
If you find unauthorized FID BKG SVC LLC Moneyline charges on your bank statement or credit card, it’s important to stop them quickly.
Follow these steps to stop FID BKG SVC LLC charges:
- Identify the Charge: If you see an unexpected charge from FID BKG SVC LLC on your bank statement or suspect unauthorized use of your account, take action immediately.
- Contact Your Bank or Credit Card Company: Report the charge to your bank or credit card company to prevent further unauthorized transactions.
- Reach Out to Fidelity Investments: You can contact Fidelity Investments directly at 1 (800) 343-3548 to report the charge and get assistance.
Conclusion
Understanding the “FID BKG SVC LLC” charge on your bank statement is essential for managing your finances effectively. These charges appear when you engage with Fidelity Investments Brokerage Services. Fidelity Investments, based in Boston, Massachusetts, is a major financial services corporation. It serves over 40 million individual investors, and nearly 23,000 businesses, and collaborates with approximately 3,600 advisory firms across North America, Europe, Asia, and Australia.
