Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal 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.
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.
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.
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.
Sign up for a Slickdeals account to remove this ad.
Just opened an account now on the bloom app and saw the $5 bonus banner before making sign-in account and the $100 bonus banner is the first thing I see after it was set-up. Just waiting for the ETF verification to deposit. So the offer is currently still up.
Just talked to them. Make sure you deposit it to the Fidelity Bloom Save account, not Spend. It takes at least 15 business days for the $100 incentive to show up.
Just talked to them. Make sure you deposit it to the Fidelity Bloom Save account, not Spend. It takes at least 15 business days for the $100 incentive to show up.
Oh man glad I saw your comment, I foolishly let it do the default 180/120 split on my EFT... Just threw in another 120 to Save account for now to max the cash back... Good to actually READ the terms I suppose haha. Thanks!
It does say it will take 10 days or something in the terms.
Not seeing the $100 bonus offer banner in the app. Not talking about receiving the bonus. It's possible they're still honoring it just not showing in the app I guess.
Just talked to them. Make sure you deposit it to the Fidelity Bloom Save account, not Spend. It takes at least 15 business days for the $100 incentive to show up.
But CSRs know less than consumers do. T&C states:
To receive the $100 cash award:
New customers will need to open the Fidelity Bloom Spend and Fidelity Bloom Save accounts through the Fidelity Bloom app.
New customers will need to and make a Qualifying Deposit in either or both their Fidelity Bloom Spend and Fidelity Bloom Save accounts on or after August 13, 2023 (your "initial funding date").
Existing customers who opened accounts prior to August 13, 2023 and have not funded their Fidelity Bloom Spend or Fidelity Bloom Save accounts can make a Qualifying Deposit by August 27th, 2023 to receive the $100 offer.
For both new and existing customer, the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.
Have existing Fidelity accounts so used that to login. Got $5 banner and confirmation screen.
Deposit $300 into Save account. Let's see if I get the full $135 deposit.
Initially, the check to verify my identity failed. I figured it was because my credit bureau accounts are frozen. From my research, I think Fidelity tried to pull ChexSystems, but to be safe I just temporarily unfroze my report from the three credit bureaus and ChexSystems. I'm sure most people have not frozen their ChexSystems report, but this info may help someone.
551 Comments
Your comment cannot be blank.
Featured Comments
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
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.firstrepubl
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.
I attached a picture of where you see the $5 bonus.
Sign up for a Slickdeals account to remove this ad.
"You've earned a $5 reward
We're depositing $5 into your Save account
Typically takes 24-48 hours"
Took about a day to show $5 pending (Rewards - Bonus Offers) then another day to credit $5 to Save account
Sign up for a Slickdeals account to remove this ad.
To receive the $100 cash award:
New customers will need to open the Fidelity Bloom Spend and Fidelity Bloom Save accounts through the Fidelity Bloom app.
New customers will need to and make a Qualifying Deposit in either or both their Fidelity Bloom Spend and Fidelity Bloom Save accounts on or after August 13, 2023 (your "initial funding date").
Existing customers who opened accounts prior to August 13, 2023 and have not funded their Fidelity Bloom Spend or Fidelity Bloom Save accounts can make a Qualifying Deposit by August 27th, 2023 to receive the $100 offer.
For both new and existing customer, the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.
Deposit $300 into Save account. Let's see if I get the full $135 deposit.
Edit: Mine showed up AFTER opening the account but before I selected a username.
Sign up for a Slickdeals account to remove this ad.