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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
203,334 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
203,334 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 Jun 2019
L2: Beginner
> bubble2 2,119 Posts
467 Reputation
Fanime
08-19-2023 at 01:35 PM.
08-19-2023 at 01:35 PM.
Quote from sshres5 :
Is there a maintenance fee for this account?
No...
Reply
Joined Nov 2011
L2: Beginner
> bubble2 30 Posts
10 Reputation
iampks85
08-19-2023 at 01:37 PM.
08-19-2023 at 01:37 PM.
Quote from Fanime :
Offer won't show up in the app. You just need to deposit $50 into a new bloom/save/spend account.

Will they then automatically add 100$?
Reply
Joined Aug 2005
L2: Beginner
> bubble2 75 Posts
53 Reputation
andtokyo
08-19-2023 at 01:42 PM.
08-19-2023 at 01:42 PM.
Fidelity needs liquidity to exit those 1-2% instruments it seems.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,119 Posts
467 Reputation
Fanime
08-19-2023 at 01:47 PM.
08-19-2023 at 01:47 PM.
Quote from iampks85 :
Will they then automatically add 100$?
after the holding period
Reply
Joined Jan 2023
L2: Beginner
> bubble2 58 Posts
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MaroonManatee4823
08-19-2023 at 01:49 PM.
08-19-2023 at 01:49 PM.
So what happens when you close out this bloom account in the future? Do they charge a fee like with other accounts? I think I have 5 accounts with Fidelity already, Im curious how much they will end up taking once Ive used the money in all my accounts
Reply
Joined Dec 2004
L10: Grand Master
> bubble2 12,512 Posts
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kensteele
08-19-2023 at 01:49 PM.
08-19-2023 at 01:49 PM.
easiest $50 i ever made, last time; still have it. only if you don't monkey around and just use real (new) money.
Reply
Joined Mar 2005
Renaissance Man
> bubble2 6,206 Posts
1,934 Reputation
PedroR
08-19-2023 at 01:58 PM.
08-19-2023 at 01:58 PM.
It is as if folks are incapable of helping themselves entirely
1
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Joined Jun 2010
L2: Beginner
> bubble2 77 Posts
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thrillsnspills
08-19-2023 at 02:21 PM.
08-19-2023 at 02:21 PM.
I have an existing Fidelity Cash Management account with checkwriting.

Looking at the FAQs

Would a Mobile Check Deposit (non-Fidelity Investments check) on the Transact tab of the Fidelity Bloom app fulfill the "outside financial institution" requirement for the initial cash back offer, or do you have to link an external non-Fidelity financial account and make a deposit?

Click image for larger version

Name:	FidelityBloomFAQ.JPG
Views:	73
Size:	191.8 KB
ID:	14088197
Reply
Joined Jul 2016
L2: Beginner
> bubble2 81 Posts
captaincaptive
08-19-2023 at 02:26 PM.
08-19-2023 at 02:26 PM.
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.
I saw the $5 signup bonus and the 10% match for $300, but I didn't see the $100 promo either. I guess I will find out when my deposit goes through on Monday.
Reply
Joined Jul 2023
L2: Beginner
> bubble2 54 Posts
55 Reputation
Syrinxx
08-19-2023 at 02:29 PM.
08-19-2023 at 02:29 PM.
Nerdwallet says that Bloom shut down in 2022. I guess they re-opened? Anyway seems like a good deal
Reply
Joined Dec 2007
L3: Novice
> bubble2 119 Posts
125 Reputation
cdthompso1
08-19-2023 at 02:35 PM.
08-19-2023 at 02:35 PM.
Quote from TFSJake :
I used to feel that way but now I look at it like "It's 'free dinner and a movie date' for 10 minutes worth of work on a Saturday while I watch my dogs play in my yard." Sure it may be like 2/10ths of 1% of my net worth (or something) but that doesn't' change the fact that it's free money and I wasn't doing anything else with those 10 minutes.
Or 1/5th of 1%. ;-)
1
Reply
Joined Dec 2007
L3: Novice
> bubble2 119 Posts
125 Reputation
cdthompso1
08-19-2023 at 02:37 PM.
08-19-2023 at 02:37 PM.
Quote from thrillsnspills :
I have an existing Fidelity Cash Management account with checkwriting.

Looking at the FAQs

Would a Mobile Check Deposit (non-Fidelity Investments check) on the Transact tab of the Fidelity Bloom app fulfill the "outside financial institution" requirement for the initial cash back offer, or do you have to link an external non-Fidelity financial account and make a deposit?

Attachment 14088197
The way most ACH clearinghouse systems work, a mobile check deposit will work because it rides the same rails as an ACH transfer processed through an aggregator like Plaid.
Reply
Joined Dec 2012
L5: Journeyman
> bubble2 550 Posts
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scorpionguy
08-19-2023 at 02:41 PM.
08-19-2023 at 02:41 PM.
Existing fidility account. Created this bloom account. Saw both $5 and 10% promos . But not seeing the $100 bonus offer .
Reply
Joined Aug 2010
L3: Novice
> bubble2 234 Posts
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0ldhat
08-19-2023 at 02:47 PM.
08-19-2023 at 02:47 PM.
Here is some really good insight on these accts: https://www.mymoneyblog.com/fidel...bonus.html
Reply
Last edited by 0ldhat August 19, 2023 at 03:00 PM.

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Joined Oct 2009
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> bubble2 123 Posts
50 Reputation
cvural
08-19-2023 at 02:51 PM.
08-19-2023 at 02:51 PM.
When I click on that link I get this

$100 reward for new customers
We'll add $100 after you deposit $50 or more.5 It's our way of celebrating the start of your journey to better habits.

and scrolling down a bit I see this ...

Built in cash rewards

Rewards are deposited directly to your Fidelity Bloom® Save account.

Get a 10% annual savings match7 from Fidelity® on up to $300 of deposits to your Save account.
Get a 10-cent reward for every purchase with your Fidelity Bloom® debit card.
Take advantage of cash-back shopping from more than 1,000 participating retailers when you shop in the app.
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