Support Local Businesses Showing that you care

Support Local Businesses Showing that you care

Support Local Businesses Showing that you care Fidelity

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Supporting local businesses you care about

About 50% of Americans are employed by a small business. Many businesses, particularly small businesses like your favorite coffee shop, dry cleaner, or hair salon, are faced with significant financial pressures in the wake of stay-at-home orders across the country.

Are you wanting to help but not sure how

It s easy and convenient

Consider a financial gift, or buying a gift card, to a local business that you visit frequently or that you think could benefit most from your support. Have their address handy and you're ready to begin. Give a gift today
Log in to . If you're not set up with BillPay, . On the top black navigation bar, select Pay Bills, and complete the required information. When adding payee information, instead of entering the small business phone number, select Add Payee Manually. Use Check Memo to add a message (e.g., "COVID-19 community support" or "Miss your coffee"). A check will be mailed to the business address you shared. As they probably don't receive checks regularly, perhaps give them a heads up. Buy a gift card for tomorrow
Visit , powered by Square.* Enter the address or city of the community or business you want to support. Select the business you're supporting. If it's not listed, they may not use Square, so consider reaching out directly to the business. Complete your purchase. PayPal can also be used easily. Log in to .
Have the email address or phone number of the small business handy. From the top black navigation bar, select Transfer, then Send money with PayPal.

Looking for ideas to help determine which business and how much

Give a gift today
If it's a business you visited daily, weekly, or monthly, how much did you spend on a regular basis? Consider giving that amount. If you usually got coffee and pastries at your favorite bakery, spending $10 weekly, is that a recurring payment you'd feel comfortable making? Buy a gift card for tomorrow
Find the business you want to support. Perhaps it's the one you often pass when driving to work or taking a walk? Think about birthdays, holidays, or just treating yourself to something nice when things settle down, and how much you're comfortable spending.

Frequently asked questions

These are not charitable contributions. Charitable contributions are made to qualified tax exempt organizations, which is not a category a local business would typically fall under. As such, these are not charitable gifts, but a way for patrons to show their support for local businesses, particularly for small businesses that desperately need support during these unprecedented times. No. There are no service fees applied with these gifts. You can easily add the feature to an account on Fidelity.com by selecting BillPay from the Accounts & Trade tab and then enrolling in to an eligible brokerage or cash management account. BillPay checks are set to arrive by the Deliver By date, which defaults to 3–4 business days from the current date, unless a later date is specified. PayPal transactions are processed according to the funding source (e.g., debit card, credit card, bank, or Fidelity account), but it should not take more than a couple of days. Square gift cards are delivered instantly to the email address provided. We are considering that at this point and will let you know when and if other options become available. While this may in fact be the case after this crisis has passed, there really cannot be a guarantee the businesses in question will reciprocate in such a manner. Instead, you should view this as a way to show your support for local businesses during a time of need. *Square is a third party that Fidelity has chosen to provide support to small businesses in your community. View Square Give and Get Local Directory . According to the US Small Business Administration, Office of Advocacy, 2018 Small Business Profile, 47.5% of US employees work for a small business. Third-party trademarks appearing herein are the property of their respective owners. All other service marks are property of FMR LLC. All trademarks and service marks on the Fidelity Sites belong to FMR LLC or an affiliate, except third-party trademarks and service marks, which are the property of their respective owners. Fidelity Investments is not affiliated with any other company noted herein and doesn't endorse or promote any of their products or services. 925117.1.0 Copyright 1998-2022 FMR LLC. All Rights Reserved. Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
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