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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
203,474 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
203,474 Views
$100 Cash Reward
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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 2023
New User
> bubble2 8 Posts
10 Reputation
EagerHose338
08-21-2023 at 11:01 AM.
08-21-2023 at 11:01 AM.
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.
Reply
Joined Dec 2011
L10: Grand Master
> bubble2 7,530 Posts
2,601 Reputation
SAN_MARINO
08-21-2023 at 11:07 AM.
08-21-2023 at 11:07 AM.
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.
Reply
Joined Dec 2009
L6: Expert
> bubble2 1,971 Posts
1,019 Reputation
annual
08-21-2023 at 11:24 AM.
08-21-2023 at 11:24 AM.
Just signed up as well and saw the $5 banner but didn't see the $100. However I did see the 10% match for the Save account deposit. Thanks OP
Reply
Joined Aug 2004
...
> bubble2 9,769 Posts
5,106 Reputation
JaTaN
08-21-2023 at 12:03 PM.
08-21-2023 at 12:03 PM.
Quote from ImperialMarch :
I faced the same issue . During sign up process I saw the 5$ pop up , it's nowhere to be seen on my account
Signed up last week — after it showed my Bloom account numbers the next page had:

"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
Reply
Last edited by JaTaN August 21, 2023 at 12:06 PM.
Joined Nov 2017
L99: Deal Guru
> bubble2 1,013 Posts
260 Reputation
kdupuis77
08-21-2023 at 12:07 PM.
08-21-2023 at 12:07 PM.
Quote from SAN_MARINO :
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!
Reply
Joined Dec 2013
L3: Novice
> bubble2 109 Posts
45 Reputation
joshftw
08-21-2023 at 12:09 PM.
08-21-2023 at 12:09 PM.
Quote from annual :
Just signed up as well and saw the $5 banner but didn't see the $100. However I did see the 10% match for the Save account deposit. Thanks OP
Same not seeing the $100 bonus after making the account. I only see the $30 for $300 banner in the app. What a waste of time.
2
Reply
Joined Jan 2012
L5: Journeyman
> bubble2 796 Posts
330 Reputation
TFSJake
08-21-2023 at 12:59 PM.
08-21-2023 at 12:59 PM.
Quote from joshftw :
Same not seeing the $100 bonus after making the account. I only see the $30 for $300 banner in the app. What a waste of time.
It does say it will take 10 days or something in the terms.
Reply

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Joined Jul 2023
L2: Beginner
> bubble2 54 Posts
55 Reputation
Syrinxx
08-21-2023 at 01:04 PM.
08-21-2023 at 01:04 PM.
Quote from 0ldhat :
That's a OLD report @Nerdwallet. It did shut down back then but, re-invented itself and re-opened.
It's from November 2022 which isn't what I'd call old, but yeah seems like it's back now so no worries
Reply
Joined Apr 2015
L3: Novice
> bubble2 217 Posts
47 Reputation
youngercool
08-21-2023 at 01:06 PM.
08-21-2023 at 01:06 PM.
for existing fidelity users, you might need to fund the new account with an external fund
Reply
Joined May 2010
L5: Journeyman
> bubble2 860 Posts
141 Reputation
bikerbandito
08-21-2023 at 01:34 PM.
08-21-2023 at 01:34 PM.
Anyone know if there is a cash reward for getting all the badges? It says something about unlocking a special reward in the app
Reply
Joined Dec 2013
L3: Novice
> bubble2 109 Posts
45 Reputation
joshftw
08-21-2023 at 01:43 PM.
08-21-2023 at 01:43 PM.
Quote from TFSJake :
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.
1
Reply
Joined Dec 2009
L6: Expert
> bubble2 1,282 Posts
1,254 Reputation
NickelAndDime007
08-21-2023 at 01:47 PM.
08-21-2023 at 01:47 PM.
Quote from SAN_MARINO :
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.
Reply
Joined Dec 2010
L4: Apprentice
> bubble2 380 Posts
68 Reputation
PotOdds
08-21-2023 at 01:51 PM.
08-21-2023 at 01:51 PM.
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.

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Joined Jul 2023
L2: Beginner
> bubble2 86 Posts
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WiseCrib548
08-21-2023 at 01:53 PM.
08-21-2023 at 01:53 PM.
Quote from mcali786 :
On iOS I don't See the $5 retention to complete the process
Me neither.

Edit: Mine showed up AFTER opening the account but before I selected a username.
Reply
Last edited by WiseCrib548 August 21, 2023 at 02:48 PM.

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Joined Jul 2023
L2: Beginner
> bubble2 86 Posts
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WiseCrib548
08-21-2023 at 03:06 PM.
08-21-2023 at 03:06 PM.
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.
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