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Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $25 and Earn Expired

$50 Cash Reward
+59 Deal Score
50,931 Views
Fidelity is offering a $50 Cash Reward when you Open 2 Fidelity Brokerage Accounts (Fidelity Bloom Spend and Fidelity Bloom Save) via the Fidelity Bloom App and Deposit $25 or more within 7 calendar days of opening the account (see the instructions below).

Thanks to community member rsvpd for sharing this deal.

Deal Instructions:
  1. Download the Fidelity Bloom App (iOS or Android)
  2. Open the App and click on "Learn More"
  3. Click on "Sign up" and you will begin the process to open the accounts and get a debit card
    • Spend Account is for everyday spending and is linked to your debit card
    • Save Account is where you'll keep track of your savings
  4. You will then click on "Open accounts" where you will be prompted to verify your identity and set up an account
    • Note, you can log in with your Fidelity information if you are a current customer
  5. They may then offer the following (make sure to claim if offered): "Earn $0.10 per purchase every time you use the Fidelity Bloom debit card, while you wait for your debit card we will jumpstart your Save balance by giving you $1".
  6. You must deposit at least $25 within 7 calendar days to earn the $50 cash award
  7. The $50 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period

Attachments

Fidelity Bloom Financial App Save Spend Bloom Fidelity.pdf 1.64 MB View
Fidelity Bloom℠ FAQs Fidelity.pdf 274.3 KB View

Original Post

Written by
Edited April 13, 2023 at 10:09 AM by
Links in .pdfs of T&C and FAQ's are clickable. Quick Links to Fidelity Investments Accounts - Login on Browser [fidelity.com] | Fidelity Mobile: iOS [apple.com] | GP [google.com] (Bloom accounts appear w/ your other Fidelity accounts)

Fidelity [fidelity.com] is offering a $50 Cash Sign-Up Bonus for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who open a new Fidelity Bloom Spend & Bloom Save account in the Fidelity Bloom app & fund with a min. of $25 within 7 calendar days of account sign-up. Offer is limited to one cash award per individual.

After account is set up, you MAY see 2 other "Reward Offers" to Earn an additional $6 Cash Reward. Tap the Claim my reward button. Below are the title of the screens & Name of Rewards in Spend account after they post (scroll to bottom of OP for screenshots):
  • $5 for Save and spend? What a combo! | Rewards (Cash-back shopping)
  • $1 for Get ready to swipe and save | Rewards (Cents per swipe)
Instructions:
  1. Download Fidelity Bloom app (iOS [apple.com] | GP [google.com])
  2. In the Bloom app, open a Bloom Spend & Bloom Save brokerage account:
    • If you have an existing Fidelity account, you can Sign Up using the same login credentials (e.g. if you have FiDO CC [fidelityrewards.com], use the login for Fidelity Brokerage - Not the login for CC)
  3. Deposit a total of at least $25 in either account from an outside financial institution within 7 calendar days of opening your Bloom accounts.
    • Fund your Bloom accounts from your bank account with an electronic funds transfer (EFT) or through a third-party payment app such as Venmo or PayPal.
  4. Within 10 calendar days after the $25 min deposit, Fidelity deposits $50 into your Bloom Save account.
  5. You do not need to keep your cash reward for the $50 offer in Bloom or in a Fidelity account. Once the reward is deposited, it is yours to save, spend, or invest however and wherever you wish.
  6. You'll receive a debit card that automatically deposits your earnings and rewards into Bloom Save account. The Bloom debit card is issued by Leader Bank & the debit card program is administered by BNY Mellon Investment Servicing Trust Company.
Other Features:

Earn a 10-cent Reward Every Time You use Your Bloom Debit Card
  • Limit of 15 purchases per day
  • Reward is automatically deposited into your Bloom Save account.
Annual Match on up to $300 in Eligible Deposits; Earnings Deposited Monthly -- For a Limited Time: Match Rate is 10% (Max payout of $30):
  • You don't have to deposit all $300 at once; you can make multiple deposits to get the full match in Fidelity Bloom. The time frame to earn toward this reward in is from the day you open your accounts until the end of that same calendar year.
  • Match rewards are deposited to your Bloom Save account & based on eligible deposits into your Bloom Save account in a calendar year and resets annually.
  • Eligible deposits include: Transfers from outside or other Fidelity accounts, cash-back shopping rewards, and Round Up deposits.
  • Match earnings are distributed monthly until you reach the maximum payout; this is calculated on the qualifying deposits from the previous month. Eligible deposits need to be settled in their account in order to be calculated as part of your savings match reward which can take up to 5 business days, depending on deposit method.
  • Examples - If the Save account balance on July 31 includes:
    • $300 in eligible deposits, you'll receive the max payout of $30 in early August
    • $100 in eligible deposits, you'll receive a payout of $10
Screenshots of 2 Bonus Offers (Earn Additional $6 Cash Reward):
Rewards Details Rewards Posted
Attachment 13355084 Attachment 13355087
Notes:
Fidelity Bloom accounts are brokerage accounts covered by SIPC insurance. Holdings in your Fidelity Bloom accounts are subject to market risk and risk of loss. Brokerage accounts are not bank accounts & are not covered by FDIC insurance.
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Deal
Score
+59
50,931 Views
$50 Cash Reward
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

104 Comments

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Featured Comments

I hate the idea of having banking apps on my phone, since I'm always afraid I'll somehow lose it (though I can't recall ever having lost one)... I went ahead and downloaded the app, and since I had previously created a Fidelity account (from a "open X account, deposit $50 and we'll give you $100 offer), I logged in with that. I created the Bloom Save / Spend accounts, but did not see any offers.

Turned out I had to "drag down" on the main page (click on the "House" icon), and eventually the "Save $300, earn $30" offer came up, so I went through that. I couldn't get a banner for the "Save $25, we'll give you $50 offer), so hopefully that'll be automatic once the $300 hits the account.

Just thought I'd post my experience, in case it helped anyone. Smilie
15 transactions a day for $1.50? Is this worth your time? Possibly if there is a way to set up auto pays / schedule.
Thank you.. Setup was breeze in the app and opened up for myself/spouse.

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Joined Dec 2010
L5: Journeyman
> bubble2 535 Posts
74 Reputation
astro26
04-14-2023 at 02:59 AM.
04-14-2023 at 02:59 AM.
Quote from drinkingbird :
The idle cash is automatically used to buy a money market mutual fund. Low risk, but not 0 (near 0 though). They cannot hold cash as they are not a bank.

SIPC is private insurance and if Fidelity somehow lost their entire assets of over $4.5 Trillion SIPC would declare bankruptcy. Of course that is unlikely to happen, but again, not 0 Smilie

However it's a much bigger risk if you walked into a chipotle with legal tender. You may walk out with less money.
1
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Joined Mar 2005
L8: Grand Teacher
> bubble2 3,102 Posts
651 Reputation
drinkingbird
04-14-2023 at 05:21 AM.
04-14-2023 at 05:21 AM.
Quote from astro26 :
However it's a much bigger risk if you walked into a chipotle with legal tender. You may walk out with less money.
And food poisoning.

But I mean, unless you dine and dash, I would assume you'd walk out with less money.
Reply
Joined Sep 2011
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> bubble2 2,676 Posts
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E4300
04-14-2023 at 07:25 AM.
04-14-2023 at 07:25 AM.
Quote from OutlawCecil :
it's seeing my old 401k from decades back and won't let me continue signing up for bloom for some reason.
The offer does not mention about past 401K unless you are an employee of Fidelity. I would contact Fidelity for clarification.
Reply
Joined Jan 2007
L6: Expert
> bubble2 1,804 Posts
275 Reputation
Sysop
04-14-2023 at 07:39 AM.
04-14-2023 at 07:39 AM.
Quote from drinkingbird :
Yeah the bank sweep program is opt-in (and I believe requires you to have their cash management account). However the interest rates are pretty poor even compared to money market, though they do spread it across multiple banks to increase your FDIC coverage.

However doesn't look like bloom allows bank sweep, so your core will be a money market fund.
I don't know how, but I've made 10% since January. The savings account is doing better than my retirement portfolio.

Edit: I could be wrong about my initial transferred amount. Even I am skeptical about this 10%.
1
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Last edited by Sysop April 14, 2023 at 07:45 AM.
Joined Jan 2007
L6: Expert
> bubble2 1,804 Posts
275 Reputation
Sysop
04-14-2023 at 07:42 AM.
04-14-2023 at 07:42 AM.
Quote from OutlawCecil :
it's seeing my old 401k from decades back and won't let me continue signing up for bloom for some reason.
You probably just need to get your username and password. I'd chat with support. It's just telling you that you already have an account, but that doesn't mean you can't also start these save and spend accounts. You can have dozens of accounts under in one portfolio.
1
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Joined Sep 2011
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> bubble2 2,676 Posts
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E4300
04-14-2023 at 08:03 AM.
04-14-2023 at 08:03 AM.
Received $1 and $5 credits today in save account.

$50 should show up in 7 days per the term. $30 next month.
Reply
Joined May 2014
L10: Grand Master
> bubble2 10,791 Posts
44,349 Reputation
Original Poster
rsvpd
04-14-2023 at 09:17 AM.
04-14-2023 at 09:17 AM.
Update: On Tuesday at1PM ET, I initiated a $25 deposit from multi-state regional bank. This morning at 12:30AM ET, $25 deposit was "settled" & available to use (withdraw, spend for purchases, etc.).

Yesterday, the Save account showed "Total account value" of $25.
  • Available to trade $25
  • Cash available to trade $25
    • (Use to purchase securities intended to be held until settlement)
  • Available to withdraw $0
To check the status of your deposit, use desktop browser. Log into your account (link [fidelity.com]).
  1. Hover over Accounts & Trade dropdown, Select Cash Management [fidelity.com] (or use this link [fidelity.com]).
  2. Go to Save Account & View Upcoming Activity
Reply

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Joined Jul 2018
L2: Beginner
> bubble2 42 Posts
14 Reputation
gjmpwaen
04-14-2023 at 10:08 AM.
04-14-2023 at 10:08 AM.
Quote from E4300 :
Received $1 and $5 credits today in save account.

$50 should show up in 7 days per the term. $30 next month.

You should only have to deposit $300 right? Not $325 to get both offers
Reply
Joined Sep 2011
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> bubble2 2,676 Posts
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E4300
04-14-2023 at 10:14 AM.
04-14-2023 at 10:14 AM.
Quote from gjmpwaen :
You should only have to deposit $300 right? Not $325 to get both offers
Per the terms, yes. The 10% bonus applies to the savings account, so if you put $25 in the other account, then you MAY need to add $300 total to the savings. You have until the end of the year to hit $300 total in the savings.
Reply
Joined Jan 2006
L4: Apprentice
> bubble2 434 Posts
254 Reputation
esqque
04-16-2023 at 07:43 AM.
04-16-2023 at 07:43 AM.
FYI - I had difficulty funding this deal through my existing external bank account with Fidelity. I had to call Fidelity customer service to add it and to end the continuous requests to add an external bank account within the Bloom app.
Reply
Joined Mar 2017
L3: Novice
> bubble2 1,020 Posts
482 Reputation
sodaKING
04-16-2023 at 07:49 AM.
04-16-2023 at 07:49 AM.
Quote from E4300 :
Per the terms, yes. The 10% bonus applies to the savings account, so if you put $25 in the other account, then you MAY need to add $300 total to the savings. You have until the end of the year to hit $300 total in the savings.
Get that, but how to get $86 total?
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Joined Sep 2011
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> bubble2 2,676 Posts
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E4300
04-16-2023 at 09:02 AM.
04-16-2023 at 09:02 AM.
Quote from sodaKING :
Get that, but how to get $86 total?
Deposit $25, get $50.
$1 and $5 bonus links during sign up.
Deposit up $300, get 10% back ($30).​
Reply
Joined Jan 2013
L4: Apprentice
> bubble2 363 Posts
53 Reputation
seahawks2112
04-16-2023 at 05:37 PM.
04-16-2023 at 05:37 PM.
is there any promo code? I don't see a mention of the offers on the app before signing up
Reply
Joined Feb 2018
L3: Novice
> bubble2 297 Posts
77 Reputation
OutlawCecil
04-17-2023 at 08:58 AM.
04-17-2023 at 08:58 AM.
Quote from Sysop :
You probably just need to get your username and password. I'd chat with support. It's just telling you that you already have an account, but that doesn't mean you can't also start these save and spend accounts. You can have dozens of accounts under in one portfolio.
I eventually got in, but it was a mess! I tried my normal/old Fidelity 401k login and it kept telling me it was wrong (filled in from password manager, so I know it's right). I could go to the fidelity website log in with no issues, but the Bloom app says it's wrong, and seemingly wanted it's own login, which it wouldn't let me create. I *think* once I logged in via my phone's browser, then went back to Bloom, it "saw" my login and allowed me to use my current credentials, even though it previously told me they were wrong multiple times >_< also funny the Bloom app didn't offer a "forgot my password" anywhere. (not that I ended up needing it in my situation)
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Joined Jan 2014
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> bubble2 189 Posts
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hello232
04-19-2023 at 03:38 PM.
04-19-2023 at 03:38 PM.
I accepted the $1 and $5 rewards but nothing in my account yet. Does it take a while? I also deposited $300 to savings and $25 to spend
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