You have clicked on this post today because you recently saw something like a “fid bkg svc llc” charge appear on your credit card or bank statement, right? It is kinda lengthy and hard-to-understand label, but what does it mean? Well, if you don’t know anything about it, then keep on reading because there is a lot you should know, and yes, it can possibly save your hard-earned money from wiping out of your account.
What is FID BKG SVC LLC?
Just to be clear from the start, FID BKG SVC LLC is short for Fidelity Brokerage Services LLC, which is a large financial services provider with a broad spectrum of investment activities, you know? And yes, if you happen to see this charge on your bank statement, it’s likely that it is related to one of their services like making rounds of into or out of an account held by you in Fidelity. It could be that you may have a 401(k), IRA, or some other investment account with them, involving that charge.
Why This FID BKG SVC LLC Charge Appears on Your Statement
Most likely, you have seen this charge if you have performed any kind of money transfer, investment, or contribution to a retirement or savings account. Like what though? For example, if you regularly contribute to your retirement fund or have scheduled transfers for your investments, this charge may appear on the statement of your bank or credit card. In some situations, you may also forget automatic transfers which can lead to confusion about the charge appearing on your bank statement. If this is something that you think you might have done, the best course of action would be to log in to Fidelity and see if you have any accounts registered with them as well as check whether these payments are set automatically via auto transfer or electronically via ACH. That should be your first action, we will come to later the things you should be doing if you don’t know or recognize this charge.
What To Do If You Don’t Recognize the Charge
Now, look, if you don’t have a Fidelity account, or you simply can’t remember the charge, the first step is the review of any investment accounts you probably hold, you know? You can log into the Fidelity website and check out your most recent transactions. In cases where the charge and what you have done don’t add up, be wary as it might be that your card details are used without your consent. Here, you should contact your bank or your credit card providers as soon as possible, don’t delay because you can still recover the amount and save all the money you still have in your account. So be quick about that.
Let’s say even if you are a Fidelity account holder, there may be a possibility of not recognizing the charge driven by an automatic payment or a transfer you weren’t expecting at all. You must always double-check and confirm on your account all is good, you know? If there appears to be anything unusual, it is best to ask Fidelity’s customer service for an explanation, and yes, they’ll be more than happy to help you out with that.