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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
203,119 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
203,119 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 Dec 2009
L6: Expert
> bubble2 1,282 Posts
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NickelAndDime007
08-28-2023 at 06:56 PM.
08-28-2023 at 06:56 PM.
still no soup, wen $100?
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
2,718 Reputation
cgigate
08-28-2023 at 10:01 PM.
08-28-2023 at 10:01 PM.
No 10% and no $100, only $5 after 8 days opening account and deposit $309
1
Reply
Joined May 2010
L3: Novice
> bubble2 152 Posts
18 Reputation
joecmeyer
08-29-2023 at 05:26 AM.
08-29-2023 at 05:26 AM.
Haven't received anything yet and it's been more than the stated 7 Calendar days. I believe tomorrow will be calendar day 10.
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
08-29-2023 at 07:13 AM.
08-29-2023 at 07:13 AM.
Quote from cgigate :
No 10% and no $100, only $5 after 8 days opening account and deposit $309
In the same boat X3, wife and kid also have new accounts on 8/20...
Reply
Joined Apr 2021
L5: Journeyman
> bubble2 502 Posts
86 Reputation
YW55
08-29-2023 at 07:36 AM.
08-29-2023 at 07:36 AM.
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.
Reply
Joined Jul 2006
L5: Journeyman
> bubble2 899 Posts
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Pro
xseanx
08-29-2023 at 07:40 AM.
08-29-2023 at 07:40 AM.
Quote from YW55 :
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.
same here, that's so annoying.
Reply
Joined Jul 2006
L6: Expert
> bubble2 1,274 Posts
162 Reputation
kevolution
08-29-2023 at 07:57 AM.
08-29-2023 at 07:57 AM.
Quote from Cartier :
Got my card today too. no $ yet.

Been giving this some thought.
'how does the company make $ by doing this.'
What we know is that now we have at least 2, most of us 3 separate fidelity accounts now.
One uh, debit visa card from them.
hmm what else. we gave them $50 to use for awhile.
Are they gonna spin this into some sort of sd effect super duper worthwhile 'Investment of the year' thing?
Write off all those $100 deposits as advertising and show the world how many $50 they made in a week?
Some fancy behind the scenes math goin on here.
It's Fidelity. They make ton of money. More clients + more funds = more potential money to be made. They can afford $135 in bonuses to attract new clients and keep existing ones.
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Joined Feb 2005
Adicted to SD
> bubble2 2,707 Posts
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JSquare
08-29-2023 at 08:03 AM.
08-29-2023 at 08:03 AM.
Deleted
Reply
Last edited by JSquare August 29, 2023 at 08:48 AM.
Joined Feb 2005
Adicted to SD
> bubble2 2,707 Posts
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JSquare
08-29-2023 at 08:04 AM.
08-29-2023 at 08:04 AM.
Quote from xseanx :
same here, that's so annoying.
Quote from YW55 :
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.
You must disable it in your online Profile/Security [fidelity.com] settings.
Reply
Joined Nov 2009
Lumbar Vertebrae
> bubble2 1,892 Posts
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JRJR
08-29-2023 at 09:39 AM.
08-29-2023 at 09:39 AM.
Quote from YW55 :
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.
Not me. My phone and tablet both use my face to open the app.
Reply
Joined Sep 2021
L6: Expert
> bubble2 1,296 Posts
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Wyvern1
08-29-2023 at 09:53 AM.
08-29-2023 at 09:53 AM.
do I have to keep my $50 there or can I pull it right back out and still get the $100 bonus?
Reply
Joined Nov 2005
L3: Novice
> bubble2 105 Posts
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alarson83
08-29-2023 at 01:32 PM.
08-29-2023 at 01:32 PM.
Has to stay there until the bonus posts.
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
71 Reputation
mcali786
08-29-2023 at 07:34 PM.
08-29-2023 at 07:34 PM.
Quote from slicksdeal :
8/27 is only if you already had a Bloom account prior to this new promo:
"existing Bloom clients who have not yet made any deposits into either of their Fidelity Bloom Spend or Fidelity Bloom Save accounts can participate in this offer by making a Qualifying Deposit by August 27"

Everyone should get the bonus as long as you didn't previously receive a Bloom bonus. It takes 7-10 days after the initial deposit clears. The 10% match portion is calculated monthly.
Thanks for the clarification, I thought my cousin was out of luck.
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
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cgigate
08-29-2023 at 08:36 PM.
08-29-2023 at 08:36 PM.
Quote from YW55 :
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.

No any 2FA, I enabled biometric login (fingerprint), it never asked for 2FA yet...
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Joined Mar 2005
L3: Novice
> bubble2 296 Posts
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narin
08-29-2023 at 10:29 PM.
08-29-2023 at 10:29 PM.
Quote from YW55 :
Anyone's app kept asking for 2FA code every time they open it? I even checked the box to remember me.

Dude, yes!

I found that if I enabled biometric sign in, it asks for 2FA every time. But if I turned that off, it doesn't ask anymore, but I'm stuck with entering the password manually each time I need to sign in.

I'll try what JSquare suggested and report back.

edit: I'm on Android btw
Reply
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