FID BKG SVC LLC MONEYLINE charge – Legit or a Scam? (2023)

While going through your financial accounts statements, if you see some charges that don’t make sense, it becomes disconcerting! And when this charge comes with a non-understandable code, it puts us in a state of confusion.

In this article, we’ll see what FID BKG SVC LLC MONEYLINE charge is; so that when you see this charge on your bank statements, you can understand the meaning of this charge and be less worried about losing your money, as we have talked about how you can recover the money if you are charged accidentally.

What is FID BKG SVC LLC MONEYLINE charge?

This Comes from Fidelity investment brokerage service. This charge is an outbound electronic transfer against your banking account or credit card from Fidelity brokerage service LLC from their moneyline service.

And this fee is charged regarding brokerage operations for the cardholder’s account for the workplace retirement program or the brokerage of an asset investment service.

Most probably, it is not a scam charge; it can appear on your bank statement or credit card based on which type of service you are taking from Fidelity moneyline service.

Complete Form of this charge

SVC = Service. So, FID BKG SVC LLC = Fidelity Brokerage Service, LLC means Limited Liability Corporation.

What is FID BKG SVC LLC MONEYLINE on my bank statement or credit card?

If you see a this charge on your bank statement or your credit card, it mostly comes from your investments with Fidelity investment brokerage services. And if you are still determining why you are charged with this payment, then the best course of action in such scenario is to immediately contact the company and ask for their help.

To learn more about your investments with Fidelity investment brokerage service company, you can visit their website and check your account (If your account is with them). And from your account, you can go through your monthly quarterly statements, which will have more information regarding any charges appearing from past and present.

And if you don’t have an account with Fidelity and Without making any payments purposefully, you have been charged with this payment, then it’s possible that someone else might have used your information, which indicates fraud. 

In such a situation, the best action is to quickly secure your account as soon as possible, and remember there is no need to panic. You can simply contact your bank or credit card company and raise a dispute against this charge, and once the company finds out that your account has been charged with this fraud amount, then the bank will reimburse your entire amount.

If you want to know more about various credit card charges and credit card payment process then you can checkout our detailed post on How do credit cards work.

Customer Care Number To Raise A Dispute

If you want to connect with the customer care of Fidelity directly, then you can connect with a representative from this number: 800-343-3548. They also have a virtual assistant to answer your queries 24/7 quickly.

If you cannot connect with a representative through a call, you can visit their Contact Us page to chat directly with their team or virtual assistant.

If you’re from a country other than the USA, you can visit their Fidelity phone numbers page to get specific contact numbers as per your country.

What is FID BKG SVC LLC MONEYLINE PPD charge? 

This is a charge or a money transfer from your Fidelity (401K) brokerage account. If you need clarification on why you were charged with this charge, you can contact customer service and raise a dispute to get more details.

What is Fidelity Brokerage Services LLC? 

Fidelity Investments brokerage service is a financial service Corporation based in Boston, Massachusetts. This company serves over 40 million individual investors, manages employee benefits programs for nearly 23,000 businesses, and supports more than 3,600 advisory firms to grow their businesses. 

With a massive support of 70,000+ associates, this company spans nine countries across North America, Asia, Europe, and Australia. Being headquartered in Boston, Fidelity South is customers through 13 regional sites across the globe and with more than 200 investor centers.

This company has an individual investor base of 40.9 million, 11.1 trillion assets under administration, and a total of 4.2 trillion total discretionary assets (As of March 31, 2023); this is enough to understand how trustworthy this company is, now if you want to know more about the company then you can visit their about section.

Fidelity’s services:

• Asset management
• Personal Investing
• Help for new investors
• Asset management
• Charitable giving
• Retirement planning

The company helps manage the following:

• Stocks
• Mutual funds
• ETFs
• Annuities
• Bonds
• CDs
• 529 plans
• Online trading
• Life insurance
• IRAs
• Small business retirement plans
• Long-term care
• Health savings accounts

What if I do not have an account with Fidelity Investments Brokerage Services?

If you don’t have an account with Fidelity investment brokerage services, then you immediately need to contact your bank or credit card company and raise a dispute against this charge; after that, if everything goes well, your bank or credit company will reimburse your money.

Conclusion

Mostly you will be charged with this payment only when you have a Fidelity Investments Brokerage Services account. When anyone of your bank or credit statement shows this charge, and you’re unsure about that charge, then you can connect with Fidelity customer service and understand why you have been charged with this payment.

But if you don’t have an account with Fidelity, then raising a dispute against this charge in your bank or credit card company would help you to recover the lost amount.

I hope this article has helped you to solve all your queries regarding fid bkg svc llc moneyline charge; if you have any more questions, please ask them in the comment section, and we assure you that we will provide you with the right & most reliable answer.