What is fid bkg svc llc?

Right, 'fid bkg svc llc' is just the abbreviated name for Fidelity Brokerage Services LLC.

They're a massive American financial services company. One of the big players, really. Think of them as a broker that helps people buy and sell investments like shares, ETFs, and all that sort of thing.

You'll usually see this name pop up on your bank statement. It's the most common place to spot it. Chances are you've either transferred money into a Fidelity account to invest. Or maybe you've pulled money out of your Fidelity account back into your bank. It could also be for an automatic investment plan you've got running.

It’s their official, legal name for transactions, so it looks a bit formal and clunky. But it's completely legitimate. Nothing to stress about. It’s just the financial system's way of identifying a transfer to or from Fidelity's brokerage arm.

This is the name for Fidelity Brokerage Services LLC. It is a very big American company for investments. You see this name on your bank statement. It is for when you move money to or from an investment account, like for stocks. It is safe and a normal company.