What is the “FID BKG SVC LLC” Moneyline on your bank statement? 

Fidelity Investments is a big company that helps people sell assets, create retirement plans, and handle their money in general. They also provide a wide range of other services, such as mutual funds, buying accounts, and 401(k)s.

You might see a charge for “FID BKG SVC LLC” on your bank bill if Fidelity has to take money out of your account for purchases or fees, or if you pay your Fidelity account with a debit card or bank account.

Because the word “money line” appears in the name, it is clear that your bank and Fidelity used a specific payment method. Standard Moneyline expenses include fees, payments, contributions, withdrawals, transactions, and dividends. In this, we will discuss 

What is the FID BKG SVC LLC Moneyline charge?

Fidelity Investments is the bank that is responsible for this charge. A lot of people use Fidelity to invest in mutual funds, CDs, and stocks. Charges will appear on your bank bill every time you use your account to add or remove money from your Fidelity funds.

“Moneyline” gives more details about the type of transfer. This includes transactions such as the purchase or sale of shares, the payment of fees, and the influx or withdrawal of funds. Don’t worry if the numbers fit what’s going on with your Fidelity account. 

It’s simply Fidelity accessing your bank account to work with your investment accounts, like deducting a fee. Just check that the dates and amounts look correct. If you have any questions, you can always call Fidelity, they can explain your specific FID BKG SVC LLC Moneyline charges.

Why did the FID BKG SVC LLC Moneyline charge appear on my bank statement?

Account transfers from a bank to a Fidelity savings account incur this fee. Fidelity Investments, a large financial company, allows individuals to invest in mutual funds, stocks, and retirement plans.

This is the “FID BKG SVC LLC Moneyline” charge that will be made to your bank account if you use it to put money into or take money out of your Fidelity funds, or if Fidelity needs to take funds out for fees. When your linked bank account and Fidelity account make a purchase, you’ll see this charge. 

As long as the charge fits the action you started, don’t worry. Because Fidelity handles trades and investments, it’s normal for them to connect to your bank account.

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What Should You Do If You Don’t Know the Charge?

• You should take a close look at the charge. 
• Check the date, the amount, and the name of the business that charged you. Just look at it alongside any recent purchases or payments you made.
• You should call your bank right away if you still don’t see the charge after reading it again, you should call your bank immediately. 
• Call the number on the back of your bank card to talk to customer service. Tell them about the charge you didn’t agree to or know about. 
• To get your money back, they can look into it further and start a claim process if needed. It’s best not to wait because the bank has strict rules about when you can challenge charges. 

What should I do if I don’t have a Fidelity Investments Brokerage Services account yet?

There is a charge for “FID BKG SVC LLC Moneyline” on your bill, but you do not have any accounts with Fidelity. You should call your bank right away. They wouldn’t charge you if you’d never done business with them before. 

The “customer service” number on the back of your debit or credit card is your bank’s phone number. Tell them that you see this Fidelity charge, but you are not a customer of theirs. Because of this, the bank needs to do more work to figure out where the charge came from and if it was okay. 

To avoid paying, they might argue the charge and take it off your bill. Not recognizing the company name associated with a charge is a red flag, so don’t delay in speaking to your bank to protect your money. They can help determine if there’s fraudulent activity on your accounts.

How does the FID BKG SVC LLC charge appear?

The “FID BKG SVC LLC” charge can sometimes provide more details about the specific transaction type that occurred between your bank account and Fidelity accounts. You may include common details such as “Moneyline,” “Contribution,” “Withdrawal,” or “Distribution.” 

These give a brief description of whether it was a deposit, transfer, fee, or payment. Sometimes the charge will only say “FID BKG SVC LLC” without extra details. In any case, as long as the dates and amounts match your account activity, there’s nothing to worry about. To manage your investments, it’s a normal part of Fidelity to move money to and from your linked bank account.

How can I terminate the FID BKG SVC LLC charge?

There’s a charge from “FID BKG SVC LLC” that you don’t know about or didn’t agree to. You should call your bank right away. They can be reached at the number on the back of your credit or bank card. Tell the customer service representative about the charge you think Fidelity didn’t authorize when you called. 

They can halt further FID BKG SVC LLC charges to your account while they investigate. You can also request a return of the amount you are disputing during this time. Acting quickly will help prevent more money theft if it turns out to be fraud on your accounts.

FAQ’s

What is the “moneyline” on my bank statement?

The term “Moneyline” provides more details about the type of transaction between your bank account and an investment account. It can describe deposits, withdrawals, fees, or the purchase or sale of investments.

Who owns Fidelity Investments Brokerage Services?

Fidelity Investments, a sizable financial services firm with headquarters in Boston, Massachusetts, owns Fidelity Investments Brokerage Services.

Does Amazon own Fidelity Investments?

Not at all. Amazon does not own Fidelity Investments. Fidelity Investments is a separate business that assists people with their finances by managing their assets, trading stocks, and performing other financial tasks.

Final Thoughts

A “FID BKG SVC LLC Moneyline” charge on your bank bill means that Fidelity Investments moved money between your bank account and investment accounts for things like deals, fees, payments, and withdrawals. 

Understanding this charge and responding to any unauthorized activity can safeguard your money and bank funds. If you have any further questions about specific FID BKG SVC LLC Moneyline charges appearing on your statements, do not hesitate to contact your bank for guidance.