Bank statement charge
What is FID BKG SVC LLC MONEYLINE on my bank statement?
Who charged you
Fidelity Brokerage Services LLC moves money between a bank and Fidelity
FID BKG SVC LLC MONEYLINE is Fidelity Brokerage Services, the brokerage company behind Fidelity Investments accounts. The line is almost always a transfer between a bank account and a Fidelity account: money going in to invest or save, or money coming back out to the bank.
How it can show on a statement
FID BKG SVC LLC MONEYLINEEFT ELECTRONIC FUND TR FID BKG SVC LLC MONEYLINE [number]FID BKG SVC LLCFID BKG SVC
Find out what it was
- 1
Check whether the line is money in or money out: a debit is money going into a Fidelity account, a deposit is money coming out of one.
- 2
If you have a Fidelity account, look at Activity & Orders for a transfer with the same amount and date, and at your scheduled transfers for anything recurring.
- 3
Search your inbox and spam folder for Fidelity emails about a transfer, a recurring investment or a savings challenge around that date.
- 4
If a long number follows MONEYLINE, compare it with your own Fidelity account numbers: people report that some banks now show the Fidelity account number there.
- 5
Ask others who share the bank account whether they have a Fidelity account, an IRA or a savings plan there.
- 6
Still a charge you did not agree to? File your complaint here. We write it with you and send it to Fidelity Investments, so you do not have to chase it yourself.
Not in any of your accounts? If nobody in your household made it, someone else may have used your card details. Your card issuer can stop the card, so the charges do not continue.
Why does it say “FID BKG SVC LLC MONEYLINE”?
Fidelity Investments is the brand people know, but brokerage services for Fidelity accounts are provided by Fidelity Brokerage Services LLC. On bank statements that legal name appears shortened, as FID BKG SVC LLC. Fidelity's own pages name these bank transfers electronic funds transfers (EFT) and do not print the statement line; on statements Fidelity customers have shared, the transfers carry the word MONEYLINE, whichever way the money moved. Some banks add their own words in front, such as EFT ELECTRONIC FUND TR, and a reference number after it; a shorter line, FID BKG SVC LLC or just FID BKG SVC, is the same company.
A transfer can be a one-off move made in the Fidelity app or website, or a scheduled one: recurring investments can be paid straight from a linked bank account, so the same amount can leave the bank on a fixed schedule. Fidelity only moves money to or from a bank account that has been linked to a Fidelity account, but the person who linked it is not always the person reading the statement.
Why you might see this charge
- Money moved from your bank into a Fidelity brokerage, cash management or retirement account, for example to invest or to fund an IRA.
- A recurring investment or scheduled transfer that takes the same amount from your bank on a fixed schedule.
- Small amounts that rise by a dollar each week: Fidelity has a 52-week challenge that starts at 1 dollar and raises the amount by 1 dollar a week, and one Fidelity customer reports that its transfers show under this name.
- A deposit, not a charge: money taken out of a Fidelity account and sent to your bank, or a payment someone made to you from their Fidelity account.
- Someone else, such as a partner or relative, who linked your bank account to a Fidelity account in their name.
Is FID BKG SVC LLC MONEYLINE legit?
Yes. Fidelity Brokerage Services LLC is the brokerage company of Fidelity Investments, and FID BKG SVC LLC MONEYLINE lines are normally transfers between a bank account and a Fidelity account. Fidelity does not charge a fee for these transfers, so the line is the money moving, not a Fidelity fee on top.
The name says nothing about whose Fidelity account it is. If nobody in the household has one, the bank account may have been linked by someone else. Messages that use Fidelity's name and ask you to confirm a transfer through a link are a separate matter; check the line against your own accounts and inbox instead.
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Questions about FID BKG SVC LLC MONEYLINE
What is FID BKG SVC LLC MONEYLINE on my bank statement?
It is a transfer between your bank and a Fidelity account. FID BKG SVC LLC is Fidelity Brokerage Services LLC, and MONEYLINE marks Fidelity's bank transfers, in either direction.
Is FID BKG SVC LLC a deposit or a charge?
It can be either. Money going from your bank into Fidelity shows as a debit, and money taken out of a Fidelity account and sent to your bank shows as a deposit. These transfers generally arrive within 1 to 3 business days.
What does PPD mean after FID BKG SVC LLC MONEYLINE?
PPD is a standard bank code for a payment or deposit to a personal account that was authorised in advance, once or on a schedule. It does not change what the line is: a Fidelity bank transfer.
What is Fidelity Moneyline?
Fidelity's own pages name the service electronic funds transfer (EFT). MONEYLINE is the word those transfers carry on bank statements Fidelity customers have shared: a move between a bank account and a Fidelity account, not a purchase.
What if I did not agree to a FID BKG SVC LLC MONEYLINE charge?
File a complaint on Complain.biz. We write it with you and send it to Fidelity Investments, so you do not have to chase it yourself.
Based on
- EFT or a bank wire: transfer times, no Fidelity fee, daily limits (Fidelity)
- Link your bank at Fidelity: transfers between a bank and a Fidelity account (Fidelity)
- Recurring investments paid from a linked bank account (Fidelity)
- The 52-week money challenge: start with 1 dollar, raised automatically by 1 dollar each week (Fidelity)
- Withdrawal request form: EFT to your own bank or to someone else's; brokerage services provided by Fidelity Brokerage Services LLC (Fidelity)
- Overview of ACH SEC codes: PPD for personal accounts (Stripe Docs)
- Reddit r/fidelityinvestments: transfers to a credit union shown as EFT ELECTRONIC FUND TR FID BKG SVC LLC MONEYLINE, with the account number now in the reference
- Reddit r/fidelityinvestments: small FID BKG SVC LLC MONEYLINE and FID BKG SVC LLC debits, which members linked to a recurring transfer or a 52-week challenge
- Reddit r/fidelityinvestments: bank transfer into a new Fidelity account shown as FID BKG SVC LLC
- Reddit r/fidelityinvestments: a transfer to someone else's bank arrived as FID BKG SVC