Cryptocurrency Q&A
Is UMB the same as Fidelity?
Is UMB the same as Fidelity?
Caterina
Tue Nov 05 2024
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6 answers
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I'm trying to figure out if UMB and Fidelity are the same. Are they different entities or just different names for the same company? I'm confused about their relationship.
6 answers
Sofia
Thu Nov 07 2024
Fidelity operates differently from traditional banks as it utilizes a processing bank known as UMB.
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Elena
Thu Nov 07 2024
It is crucial to understand that Fidelity, although using UMB for processing, remains responsible for its customers' financial activities.
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GwanghwamunGuardianAngelWings
Thu Nov 07 2024
Due to this arrangement, the routing number associated with Fidelity accounts reflects UMB NA.
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CryptoAlchemy
Thu Nov 07 2024
Despite this, the account verification statement issued by Fidelity clearly identifies the service provider.
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JejuJoyfulHeartSoul
Thu Nov 07 2024
Customers of Fidelity should be aware of this routing number discrepancy when dealing with financial transactions.
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