Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
204,777 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.
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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.
Adding another data point...like some others haven't received the $100 as of 9/2.
8/21 Deposited $300 to save
8/21 Received $5
8/31 Received $.42 interest.
8/31 Received $30 rewards match.
*Also checked spend account and still $0 in that account.
I'll add my data point:
8/22 Opened with $50 in Spend acct and $300 in Save acct (Transferred from Ally)
8/22 Received $5 bonus in Save acct
8/31 Received $100 bonus in Save acct
8/31 Received interest dividends in both accts
9/1 Received $30 rewards match in Save acct
Did anyone have any luck getting this promo with an existing Fidelity account?
I can't even get the $5.00 promo to pop up and I am worried the $100 promo won't apply. I say this because I read a few earlier posts about existing customers not getting promo info or confirmation.
I have an existing account also didn't get the $5 pop up, opened Bloom on the 21st with $350, got $5 deposited into the save account two days later. The $100 bonus was deposited into my spend account on the 30th, the $30 into my save account on the 1st. Also got .48 interest in my save account & .01 in the spend. Gonna do the same in the Mrs name.
I have an existing account also didn't get the $5 pop up, opened Bloom on the 21st with $350, got $5 deposited into the save account two days later. The $100 bonus was deposited into my spend account on the 30th, the $30 into my save account on the 1st. Also got .48 interest in my save account & .01 in the spend. Gonna do the same in the Mrs name.
Edit: Thanks OP
This gives me hope I can get it too. I'll give it a shot today. I was waiting for a few people with current accounts to post about their experience with the cash reward.
What's the best way to move the funds into the accounts? I see it allows etf transfers but only through other fidelity accounts. I can't seem to just add a bank unless I do a wire transfer which will come with a fee from my bank.
I don't see anywhere to just add an outside routing and bank account number.
What's the best way to move the funds into the accounts? I see it allows etf transfers but only through other fidelity accounts. I can't seem to just add a bank unless I do a wire transfer which will come with a fee from my bank.
I don't see anywhere to just add an outside routing and bank account number.
If you can't link EFT bank account from app then try linking from website -- use app after that to transfer from external bank acc to Save acc
It says in the FAQ, "To redeem the $100 offer, you have the length of the qualification period (7 calendar days) to deposit a total of $50 minimum from an outside financial institution."
So it seems you have to use a non-Fidelity account to deposit $50.
I received the full $135 now. This is actually a pretty cool account and debit card if you don't want to use credit cards. You get 10 cents per transaction which when less than $10 purchase is at least 1% cashback. You also earn high interest rates on cash. Best checking account benefits I've seen by far.
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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.
Yes you can.
8/21 Deposited $300 to save
8/21 Received $5
8/31 Received $.42 interest.
8/31 Received $30 rewards match.
*Also checked spend account and still $0 in that account.
8/22 Opened with $50 in Spend acct and $300 in Save acct (Transferred from Ally)
8/22 Received $5 bonus in Save acct
8/31 Received $100 bonus in Save acct
8/31 Received interest dividends in both accts
9/1 Received $30 rewards match in Save acct
I can't even get the $5.00 promo to pop up and I am worried the $100 promo won't apply. I say this because I read a few earlier posts about existing customers not getting promo info or confirmation.
Edit: Thanks OP
Sign up for a Slickdeals account to remove this ad.
Edit: Thanks OP
This gives me hope I can get it too. I'll give it a shot today. I was waiting for a few people with current accounts to post about their experience with the cash reward.
I don't see anywhere to just add an outside routing and bank account number.
I don't see anywhere to just add an outside routing and bank account number.
Copy/paste:
digital.fidelity.com/ftgw/digital/bank-information/
So it seems you have to use a non-Fidelity account to deposit $50.
Sign up for a Slickdeals account to remove this ad.
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