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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.

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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 Jul 2006
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> bubble2 8,872 Posts
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Nattefrost
08-30-2023 at 06:10 PM.
08-30-2023 at 06:10 PM.
signed up today how long does it take to show up the $5
Reply
Joined Jun 2010
L2: Beginner
> bubble2 77 Posts
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thrillsnspills
08-30-2023 at 09:46 PM.
08-30-2023 at 09:46 PM.
Got the $100 showing up this week.
So essentially download/sign up for a brokerage account and park money into Fidelity's SPAXX money market fund, get an easy $100 bonus.

Click image for larger version

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Joined Mar 2011
L2: Beginner
> bubble2 71 Posts
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zebilmnc
08-31-2023 at 04:25 AM.
08-31-2023 at 04:25 AM.
Deposit cleared on 8/21. Received $100 bonus 8/31 exactly ten days later as advertised. 10% match should be soon as its the end of the month.
Reply
Joined Mar 2011
L2: Beginner
> bubble2 71 Posts
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zebilmnc
08-31-2023 at 04:25 AM.
08-31-2023 at 04:25 AM.
Quote from Nattefrost :
signed up today how long does it take to show up the $5
Took a couple of days
Reply
Joined Feb 2006
L9: Master
> bubble2 4,032 Posts
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Zerosvn
08-31-2023 at 05:09 AM.
08-31-2023 at 05:09 AM.
Got my $100 today. Exactly 10 days after first deposit on 8/21.
I used an existing Fidelity 401k account to create the Bloom accounts. Was worried that would not qualify me as a "new" user but it worked out.
Reply
Joined Jan 2010
L6: Expert
> bubble2 1,362 Posts
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Gysper
08-31-2023 at 05:42 AM.
08-31-2023 at 05:42 AM.
100 also showed up but in my spend account vs the save. Now will wait for the 30 dollars.
Reply
Joined Mar 2005
EZ SD
> bubble2 872 Posts
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EZ_slickdealz | Staff
08-31-2023 at 07:08 AM.
08-31-2023 at 07:08 AM.
Deposit cleared 8/23/23 the bonus $100 showed up today!
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Joined Jun 2014
L2: Beginner
> bubble2 99 Posts
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SlickWheelerNDealer
08-31-2023 at 07:45 AM.
08-31-2023 at 07:45 AM.
10 days later and my $100 hit.

I'm thinking about taking my money out as soon as the $30 hits. Is there any actual benefit to these accounts? It seems like just a checking and savings account, which I already have elsewhere
Reply
Joined Feb 2005
Adicted to SD
> bubble2 2,707 Posts
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JSquare
08-31-2023 at 07:49 AM.
08-31-2023 at 07:49 AM.
Made $300 EFT on 8/21 on save account, nothing so far.
1
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Joined Apr 2018
L2: Beginner
> bubble2 71 Posts
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ElatedNose4300
08-31-2023 at 11:10 AM.
08-31-2023 at 11:10 AM.
Opened and deposited on 8/23 and got 100$ cash in spend account, showed up today. 8/31
Reply
Joined Nov 2017
L99: Deal Guru
> bubble2 1,013 Posts
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kdupuis77
08-31-2023 at 11:26 AM.
08-31-2023 at 11:26 AM.
I signed up 08/20 and deposited $300 to Bloom Savings. Got my $5 app bonus on 08/23. Just got my $100 signup bonus today 08/31 and hoping I'll get the 10% ($30) bonus on my initial deposit next week after the start of the month as well!

I signed my wife up the following day just the same and she's gotten her $5 app bonus and hoping to see her $100 tomorrow maybe!

We are both current Fidelity customers, but never had Bloom accounts. Also got our debit cards for these accounts in the mail about a week ago.

Pretty slick giving Fidelity 25 minutes time and a $600 loan for $270 free dollars in return! The rates are even better than Ally in the Bloom Savings right now though, so might just leave it there for the time being (which I'm sure is what Fidelity hopes we will do haha).
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Joined Mar 2006
L3: Novice
> bubble2 264 Posts
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tarzan_nojane
08-31-2023 at 12:21 PM.
08-31-2023 at 12:21 PM.
Quote from kdupuis77 :
I signed up 08/20 and deposited $300 to Bloom Savings. Got my $5 app bonus on 08/23. Just got my $100 signup bonus today 08/31 and hoping I'll get the 10% ($30) bonus on my initial deposit next week after the start of the month as well!
Signed up on 08/19 (Saturday). Also a current Fidelity customer, but never had Bloom accounts. $5 bonus appeared 08/21, got my debit card for this account in the mail last week, and my $100 bonus showed up today!
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
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cgigate
08-31-2023 at 12:24 PM.
08-31-2023 at 12:24 PM.
Got $100 bonus today 😀
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Joined Jan 2005
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PeakSummit
08-31-2023 at 01:21 PM.
08-31-2023 at 01:21 PM.
Smok'em if you got'em!
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Joined Feb 2013
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pankaj8096
08-31-2023 at 03:49 PM.
08-31-2023 at 03:49 PM.
Got the bonus. Can I close my account now without clawback ?
Reply
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