Fidelity mySmart Cash account in Quicken program

Source: Fidelity Investments

By default, Quicken treats mySmart Cash account as an investment account.

Q: Can I designate a mySmart Cash Account as a checking account in Quicken?

A: Quicken recognizes a mySmart Cash Account as a checking account when you follow these steps:

From the Main Menu in Quicken, choose Tools > Accounts List

Select the investment account to which you'd like to add a linked checking account, then click the Edit button.

On the General Information tab on the Account Details window, choose "yes" to "Show cash in a checking account." Quicken will prompt you to back up your data file.

Once the backup is complete, the linked checking account is created in Quicken with the same name as your investment account, plus the suffix "Cash." Click the OK button to save your changes.

Quicken converts all transactions in the investment account to their transfer equivalents. For example, "Buy" transactions are converted to "Buy X" transactions, and "Sell" transactions are converted to "Sell X" transactions.