What Is the FID BKG SVC LLC Charge on Your Bank Statement?

Have you ever checked your bank statement and noticed an odd charge from “FID BKG SVC LLC MONEYLINE”? If so, you may have wondered what exactly this FID BKG SVC LLC charge is and why it’s appearing on your statement. This comprehensive guide will explain everything you need to know about this bank charge and what to do if you spot it.

What is FID BKG SVC LLC?

FID BKG SVC LLC stands for Fidelity Banking Services LLC. It is a company related to Fidelity Investments, which is a major financial services corporation based in Boston, Massachusetts.

Fidelity Investments offers a wide variety of financial services including:

• 401k accounts
• Brokerage accounts
• IRAs
• HSAs
• And more

So FID BKG SVC LLC charges are related to transactions and services associated with Fidelity accounts.

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Why Would This Charge Appear on My Statement?

There are a few reasons why you may see a FID BKG SVC LLC MONEYLINE charge on your bank statement:

• It could indicate a contribution, withdrawal, trade, or other activity in a Fidelity account like a 401k, brokerage, HSA, or IRA.
• It may be related to a automatic transfer or payment set up between your bank account and Fidelity account.
• It could also be showing adjustments made for dividends, interest payments, or investment gains.

Essentially any transactions made through your Fidelity investments could show up with this FID BKG SVC LLC charge code.

How Does the FID BKG SVC LLC Charge Appear?

Here are some examples of transaction entries people might see related to FID BKG SVC LLC Charges:

• FID BKG SVC LLC MONEYLINE
• FID BKG SVC LLC MONEYLINE PPD
• PRE-AUTH FID BKG SVC LLC MONEYLINE
• PENDING FID BKG SVC LLC MONEYLINE
• Visa Check Card FID BKG SVC LLC MONEYLINE MC
• Misc. Debit FID BKG SVC LLC MONEYLINE
• CHKCARD FID BKG SVC LLC MONEYLINE

What to Do If You See This Charge

If you spot the FID BKG SVC LLC MONEYLINE charge on your statement, here are some tips:

• Check your Fidelity account online for recent transactions and activity. See if you can match up dates and dollar amounts to explain the charge.
• Contact Fidelity customer service if you don’t recognize or expect the transaction. They can research and explain the details.
• Dispute the charge with your bank if you determine it was fraudulent or unauthorized. Provide details on when you contacted Fidelity about discrepancies.

Having issues? Contact both your bank and Fidelity to report concerns and work together to resolve the matter. Provide them with information like statement dates, account numbers, charge amounts and codes.

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When This Charge Could Be Fraudulent

While most FID BKG SVC LLC charges are legitimate Fidelity transactions, there is a small chance it could be fraudulent. Contact Fidelity and your bank right away if:

• You don’t have any accounts with Fidelity
• The charge amount seems random or very high
• You spot multiple instances of the charge
• The timing is suspicious

Provide them with any details you have so they can open investigations. Fraudulent charges should be disputed and reported immediately before the culprit can take more money.

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Preventing Unauthorized FID BKG SVC LLC Charges

While legitimate FID BKG SVC LLC charges are normal for Fidelity accounts, you still need to keep an eye out for unauthorized charges. Here are some tips to avoid fraudulent charges:

Set up transaction alerts through your Fidelity account portal. You can receive instant notifications via email or text whenever money is moved out of your Fidelity accounts. This way you are aware of charges right away.

Evaluate your transaction history frequently. Make it a habit to log in to your Fidelity account at least once a week. Carefully review recent transactions to ensure nothing looks suspicious. The sooner you catch unauthorized transfers, the better.

Change account passwords routinely. Update your Fidelity login credentials every few months to protect your account. Avoid reusing the same passwords across multiple sites.

Use two-factor authentication if offered. This adds an extra layer of identity confirmation when you access your Fidelity account. It sends unique login codes to your phone or email.

Keep device software updated. Having the latest security patches installed foils hackers attempting to steal credentials stored on your computer or phone.

Place fraud alerts on your credit reports for additional monitoring of your finances industry-wide. This can detect unauthorized credit applications too.

Stay vigilant about reviewing account activity and put preventative measures in place. Taking these steps minimizes the risk of getting hit by fake FID BKG SVC LLC charges draining your hard-earned money. Report any suspicious transactions right away.

The Bottom Line

Spotting an unfamiliar charge code like FID BKG SVC LLC MONEYLINE on your statement can certainly be confusing and concerning. But in most cases, it is related to standard Fidelity Investments account activity that may have slipped your mind.

Check your Fidelity account transactions first, then follow up with customer service reps who can explain the charge. If anything seems suspicious about the charge, take action right away to dispute fraudulent activity!