[Explained] 👩‍🏫 What is “UMB NA Bank Fidelity” on my statements?

UMB is Fidelity’s bank partner. As Fidelity operates as a brokerage rather than a bank, UMB plays a crucial role in managing all funds related to Fidelity transactions.

Someone asked:

I recently initiated a transfer from my bank account to my Fidelity brokerage account, and I noticed that UMB N.A Bank is processing the transaction. Is this legit or should I be worried? The bank statement made no mention of Fidelity withdrawing the money.

UMB Fidelity Bank Explained

After requesting a transfer of funds from your bank account to a Fidelity checking account, you may see “UMB NA” on your bank statement. This is because UMB is the bank responsible for processing the transaction on behalf of Fidelity. Headquartered in Kansas City, Missouri, UMB offers a range of standard financial services including checking and savings accounts. It’s important to note that UMB is a separate entity and is not owned by Fidelity.

umb bank fidelity screenshot

Direct Deposits to Fidelity through UMB Bank

For direct deposits and other electronic funds transfers, Fidelity’s brokerage accounts function akin to checking accounts. The deposits are also routed through UMB NA Bank. When setting up deposits, you should provide UMB’s name and address for a seamless process:

United Missouri Bank
1008 Oak Street
ACH Department
Kansas City, MO 64106

Final Thoughts

It’s not uncommon to see “UMB NA” appear on your transfer details rather than “Fidelity Investments.”

Rest assured, this is entirely normal. Many types of transfers in and out of accounts on Fidelity.com are routed through their processing bank, United Missouri Bank (UMB).

 
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