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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
203,274 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
203,274 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 Nov 2009
Lumbar Vertebrae
> bubble2 1,892 Posts
646 Reputation
JRJR
08-21-2023 at 04:23 PM.
08-21-2023 at 04:23 PM.
Quote from atc1 :
10 cents (not 10%)
Unless you only use it for one dollar purchases, then it becomes ten percent!
1
Reply
Joined Sep 2017
L3: Novice
> bubble2 124 Posts
236 Reputation
migdigital
08-21-2023 at 05:03 PM.
08-21-2023 at 05:03 PM.
Balance parked in Save account earns annual rate 4.97% (7-day yield as of 08/21/2023, SPAXX)
[Update] Didn't notice the expense fee. Its Exp Ratio (Gross) as of 06/29/203 is 0.42% or $4.20 per $1,000.
1
Reply
Last edited by migdigital August 22, 2023 at 02:02 PM.
Joined Apr 2018
L6: Expert
> bubble2 1,685 Posts
167 Reputation
krnprogamer
08-21-2023 at 07:16 PM.
08-21-2023 at 07:16 PM.
Quote from migdigital :
Balance parked in Save account earns annual rate 4.97% (7-day yield as of 08/21/2023, SPAXX)
But it isn't FDIC insured right? It is Fidelity so probably not too much to worry about but ya
Reply
Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
574 Reputation
bigballs
08-21-2023 at 07:47 PM.
08-21-2023 at 07:47 PM.
It says my device isn't compatible. It won't let me download.
Reply
Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
574 Reputation
bigballs
08-21-2023 at 08:03 PM.
08-21-2023 at 08:03 PM.
Quote from bigballs :
It says my device isn't compatible. It won't let me download.
Figured it. The app requires Android 10 at least. Moto X4 stopped update at 9.
Reply
Joined May 2016
L5: Journeyman
> bubble2 588 Posts
180 Reputation
eqmagical
08-22-2023 at 12:18 AM.
08-22-2023 at 12:18 AM.
Signed up on sat and received the $5 in Saves account yesterday. Cash available $5, total balance $55. ($50 deposit from non fidelity account , $5 from create account bonus)
1
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Joined Jan 2004
L8: Grand Teacher
> bubble2 3,587 Posts
983 Reputation
jjj444yes
08-22-2023 at 02:34 AM.
08-22-2023 at 02:34 AM.
Quote from ThoreauHD :
Be careful with this. Get your money and get out.
https://www.msn.com/en-us/money/s...r-AA1frixA

do you put your money in coffee cans, under mattresses, or do you buy coins or bullion?

we need to know what the click bait investment article readers are doing
Reply
Joined Oct 2014
New User
> bubble2 15 Posts
18 Reputation
javabit
08-22-2023 at 05:05 AM.
08-22-2023 at 05:05 AM.
Quote from koshur90210 :
Can we open this for a minor
Seems the answer is no, from https://www.fidelity.com/mobile/bloom:

"Is Fidelity Bloom® for children or teens?
Fidelity Bloom® users must be at least 18 years old to open an account.
Fidelity offers a Youth Account for users under 18. Please visit fidelity.com/youth to learn more."
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,562 Posts
156 Reputation
EagerActivity1630
08-22-2023 at 05:22 AM.
08-22-2023 at 05:22 AM.
Is this bloom savings account a good place to park money for persons too lazy to chase the best changing rate offers? Ty 👍
Reply
Joined Nov 2019
L3: Novice
> bubble2 115 Posts
149 Reputation
RaghavP511
08-22-2023 at 05:43 AM.
08-22-2023 at 05:43 AM.
Just got the $5 bonus about 4 days after creating an account. Still waiting on the $100 and $30 bonus, should get that by early next month.
Reply
Joined Apr 2019
L3: Novice
> bubble2 227 Posts
10 Reputation
koshur90210
08-22-2023 at 06:04 AM.
08-22-2023 at 06:04 AM.
I put in $300 in savings... Will get $5, $30 and $100
Reply
Joined Aug 2009
L3: Novice
> bubble2 250 Posts
31 Reputation
Waterman757
08-22-2023 at 06:11 AM.
08-22-2023 at 06:11 AM.
I downloaded the app yesterday and it showed the $100 bonus promo but I never deposited the money. This morning when I log in the I no longer see the bonus offer.
Reply
Joined Sep 2003
Been Here Awhile
> bubble2 206 Posts
25 Reputation
z_n
08-22-2023 at 06:25 AM.
08-22-2023 at 06:25 AM.
Quote from JRJR :
Unlike the fee-happy people at TD Ameritrade, Fidelity never charged me a $38 "reorganization fee" to sell 50¢ worth of stocks after a reverse stock split that I never knew about or asked for. Good thing Charles Schwab took them over and don't have a similar fee either.
Feels great doesn't it. I was already down nearly $600 on a stock that split, and then TDA slapped me with that $38.
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Joined Dec 2009
L6: Expert
> bubble2 1,971 Posts
1,019 Reputation
annual
08-22-2023 at 08:46 AM.
08-22-2023 at 08:46 AM.
Tried signing up but after opening the accounts and trying to login I get an error that my account is locked or the app is out of date? I followed the link from the landing page and it took me to Bloom in the Play Store. I did forgot password and reset it but when I try to login it says the account is locked and to call. When I called and gave them the username (bunch of numbers) they said no account was found and wanted my full social to locate the username. Hmmm.....
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