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Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn Expired

$100 Cash Reward
(New Bloom Customers only)
+313 Deal Score
203,389 Views
Fidelity is offering New Bloom Customers: $100 Cash Reward when you Open 2 Fidelity Brokerage Accounts (Fidelity Bloom Spend and Fidelity Bloom Save) via the Fidelity Bloom App and Deposit $50 or more within 7 calendar days of opening the account (see the instructions below).

Thanks to community member hashir 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 (non-Bloom) customer
  5. They may then offer the following: $5 Bonus for signing up.
  6. You must deposit at least $50 within 7 calendar days to earn the $100 cash award
  7. The $100 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period

Original Post

Written by
Edited August 19, 2023 at 08:14 AM by
Open a Bloom account and deposit $50 to get a $100 bonus. This is open to new Fidelity customers and existing Fidelity customers that don't have a Bloom account.

the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.

The cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period.

https://www.fidelity.com/mobile/bloom
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Deal
Score
+313
203,389 Views
$100 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.

551 Comments

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Featured Comments

Looks fairly straightforward.
Technically opening 2 accounts. A debit & a brokerage account for them to invest your savings.
*edit: as pointed out below by SirMixPix, both accounts are technically brokerage accounts which changes the protections/guarantees a bit.

Anyone seeing fees? I'm not.

looks like even better than OP claimed:

+$5 just for signing up (YMMV, this happened during sign up process for me. it is already showing up in the app under Activity for me)
+$100 if you fund $50 per promo
+$30 (10% match bonus on up to $300 deposit to SAVE account)

so if you park $300 in this for a while you'll get $135 in bonuses (I wasn't sure re timing and didn't dig into the details, others have made educated guesses in comments below)
Updates:
Sounds like they check settled funds at the end of the month and you get the bonus early in the next month.
the 10% is an intro bonus rate, looks like 5% for future years.

edit 2:
185TU and not frontpage?
is it the lack of kickback money for SD since it's via app signups and not a direct affiliate link or what?
wild the promoted garbage that gets pumped to the frontpage with very little engagement while this doesn't. apparently the Lisen phone holder & ESR plastic phone cases are more noteworthy lol

edit 3:
I got my full bonus
8/18 signed up. immediately got $5 bonus
8/21 ACH transfer posted ($300)
8/30 $100 bonus posted
9/01 $30 match bonus posted
Keep in mind, both the accounts are brokerage funds and, while uncommon for low risk mutual funds of these types to lose money, they have and can (in rare instances). They are not fdic protected and do carry more risk, albeit slight, than a 'standard' back account covered under FDIC insurance.
These brokerage accounts are instead SIPC covered, which while similar to FDIC insurance, there are some significant differences.
A good article explaining what is covered and what isn't here: https://www.firstrepublic.com/ins...ifferences
Interesting Quote from above article:
"It's worth noting that SIPC insurance does not cover the value of your stocks, bonds or other investments. Rather, the SIPC replaces your missing stocks and other securities when possible."
I am Not knocking this deal or the opening of accounts to get the deal. Just some fyi that I found while exploring the fine print that I found interesting.
Got the $5. Currently a Fidelity credit card + brokerage customer as well.

I attached a picture of where you see the $5 bonus.

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Joined Apr 2015
DEALZZZZ
> bubble2 709 Posts
1,676 Reputation
dambargar
08-19-2023 at 08:34 AM.
08-19-2023 at 08:34 AM.
Used my existing fidelity account to login to app showed up $5 bonus for open account then nothing
Reply
Joined Jul 2006
L9: Master
> bubble2 4,490 Posts
548 Reputation
Commentary
08-19-2023 at 08:35 AM.
08-19-2023 at 08:35 AM.
Is there an option to send money via Zelle?
Reply
Joined Feb 2010
Dealbreaker
> bubble2 2,717 Posts
1,022 Reputation
Hoolagain
08-19-2023 at 08:37 AM.
08-19-2023 at 08:37 AM.
This might be a good option to park money while waiting to do annual IRA deposits. Direct deposit to this and move to IRA when the time is right?
Reply
Joined Aug 2006
L2: Beginner
> bubble2 731 Posts
86 Reputation
jeffkhlam
08-19-2023 at 09:24 AM.
08-19-2023 at 09:24 AM.
Just wanted to double check, so money in this bloom save account is SIPC insured and our cash parked there is safe up to 250k, correct?
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
08-19-2023 at 09:27 AM.
08-19-2023 at 09:27 AM.
Says Bloom accounts Save & Spend open continue: But I can't create user name and password keeps saying "An unknown error occurred. Please try again latter or contact Fidelity."
Anybody else get this? (Edit: I have an old Fidelity account so I had to use that login info)

I could not use plaid to link my Discover Bank account, tried 5 times it kept saying: wrong credentials, but it's not.
Maybe it's because I only have a savings account with Discover Bank?
Reply
Last edited by Firebird72 August 19, 2023 at 11:06 AM.
Joined Dec 2007
L5: Journeyman
> bubble2 506 Posts
125 Reputation
splg38
08-19-2023 at 09:30 AM.
08-19-2023 at 09:30 AM.
Quote from Hoolagain :
In my reading from their website, it's basically a spend account with a debit card and a second "savings account." They promote it as a "mindfulness" option to encourage saving because research has shown that having a separate account for each encourages people to save. Both are just accounts that invest in a money market mutual fund, which is comparable to what a high yield savings account returns atm.
Thanks! I signed up. Why not? 200% return on $50
Reply
Joined Jul 2018
L3: Novice
> bubble2 204 Posts
puncturepremium
08-19-2023 at 09:36 AM.
08-19-2023 at 09:36 AM.
Quote from johnt50 :
Did you open the Bloom account using an existing Fidelity login? And, through the app? I am trying to open Bloom account using the existing Fidelity account using the Bloom app and I don't see $100 bonus. Only the 10% match up to $300 deposit

used existing fidelity account. signed in through app and did everything through app. i already had 300 in another fidelity account, which made deposit fast and easy.

100 bonus is new, so timing may be different as well.
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Joined Aug 2021
L2: Beginner
> bubble2 127 Posts
106 Reputation
fr0stedflakes
08-19-2023 at 09:57 AM.
08-19-2023 at 09:57 AM.
Signed up for the bonus, but this may be worth keeping around for the $0.10 cash back per swipe on the debit card. Similar to the Citi Rewards+ credit card, might be good to keep in your wallet for purchases a couple bucks or less, like buying a soda at the gas station, for example.
Reply
Joined Jan 2008
L6: Expert
> bubble2 1,591 Posts
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dude6156
08-19-2023 at 10:22 AM.
08-19-2023 at 10:22 AM.
So you sign in through the bloom app using existing fidelity account?
Reply
Joined Jan 2008
L5: Journeyman
> bubble2 544 Posts
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buttuh
08-19-2023 at 10:25 AM.
08-19-2023 at 10:25 AM.
I'm just going to roll the free money from capital one account I just opened and park it in Bloom for the 4.95% interest rate.
Reply
Joined May 2008
Super Moderator
> bubble2 2,428 Posts
695 Reputation
Global Mod
pur | Staff
08-19-2023 at 10:35 AM.
08-19-2023 at 10:35 AM.
Quote from puncturepremium :
used existing fidelity account. signed in through app and did everything through app. i already had 300 in another fidelity account, which made deposit fast and easy.

100 bonus is new, so timing may be different as well.
If I'm understanding the faqs [fidelity.com], you need to deposit at least $50 from outside fidelity to get the $100 opening bonus, but you get the 10% match on deposits from anywhere
Reply
Joined Jun 2022
New User
> bubble2 3 Posts
10 Reputation
BLCKMRKT
08-19-2023 at 10:42 AM.
08-19-2023 at 10:42 AM.
Is this deal over? I think I see is the 10% match for 300 and that link doesn't work anymore. There's definitely no $100 promo for $30 deposit nor a five dollar sign up bonus.
2
Reply
Joined Jun 2022
New User
> bubble2 3 Posts
10 Reputation
BLCKMRKT
08-19-2023 at 10:44 AM.
08-19-2023 at 10:44 AM.
Quote from BLCKMRKT :
Is this deal over? I think I see is the 10% match for 300 and that link doesn't work anymore. There's definitely no $100 promo for $30 deposit nor a five dollar sign up bonus.

This is a brokerage account because the dog is not a bank. Is it possible to use Zell with this?
Reply
Joined Nov 2006
L6: Expert
> bubble2 1,733 Posts
581 Reputation
uspeed
08-19-2023 at 10:44 AM.
08-19-2023 at 10:44 AM.
How this would be diffrent account than fidelity smart cash, where you get debit card that can use anywhere., plus high yield .
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Joined Mar 2005
Buy first, ?'s later
> bubble2 1,742 Posts
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TheDiscourse
08-19-2023 at 10:44 AM.
08-19-2023 at 10:44 AM.
hard to argue with free $$...im in. Thanks OP!
Reply
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