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Administrative Shares Prospectus | DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT

November 18, 2020


DREYFUS CASH MANAGEMENT
Supplement to Summary Prospectus and Prospectus


Administrative Shares


The fund's board has approved the fund's acquiring the assets of Dreyfus Institutional Preferred Money Market Fund ("DIPMMF"), a money market fund advised by BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), in exchange solely for shares of the fund and the assumption by the fund of DIPMMF's stated liabilities, subject to the approval of DIPMMF's shareholders (the "Merger"). If approved by shareholders of DIPMMF, the Merger would occur on or about May 4, 2021 and the changes described below, except as otherwise noted, would be effective prior to consummation of the Merger, which currently are scheduled to take effect on or about May 1, 2021 (the "Contingent Effective Date"). If the Merger is not approved by DIPMMF shareholders and consummated, the changes described below will not be implemented for the fund.


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As of the Contingent Effective Date, the fund's management fee payable to BNYM Investment Adviser, the fund's investment adviser, will be reduced from an annual rate of 0.20% to an annual rate of 0.10% of the value of the fund's average daily net assets.


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As of the Contingent Effective Date, the annual rate of the fee payable under the fund's shareholder services plan, pursuant to which the fund pays BNY Mellon Securities Corporation, the fund's distributor, with respect to the provision of certain services, including those related to the maintenance of shareholder accounts, will be increased from an annual rate of 0.10% to an annual rate of 0.20% of the average daily net assets attributable to Administrative shares.


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As of May 5, 2021, the times at which the fund's net asset value is calculated, and the trading deadline for orders in proper form, will be changed from 3:00 p.m., Eastern time, to 9:00 a.m., 12:00 p.m. and 3:00 p.m., Eastern time.


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As of the Contingent Effective Date, the following information supersedes and replaces any contrary information contained in the sections "Fees and Expenses" in the fund's summary prospectus and "Fund Summary Fees and Expenses" in the fund's prospectus:

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Administrative Shares Prospectus
DREYFUS CASH MANAGEMENT
administrative shares
Management fees 0.10%
Shareholder services fees 0.20%
Miscellaneous other expenses 0.01%
Total other expenses 0.21%
Total annual fund operating expenses 0.31% [1]
[1] Restated to reflect current management fees and shareholder services fees.
Example

The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. TheExample assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example
1
3 Years
5 Years
10 Years
Administrative Shares Prospectus | DREYFUS CASH MANAGEMENT | administrative shares | USD ($) 32 100 174 393
Expense Example No Redemption
1
3 Years
5 Years
10 Years
Administrative Shares Prospectus | DREYFUS CASH MANAGEMENT | administrative shares | USD ($) 32 100 174 393

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