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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
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.

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
204,777 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 Jul 2016
New User
> bubble2 4 Posts
10 Reputation
sumitk9516
09-01-2023 at 09:57 PM.
09-01-2023 at 09:57 PM.
Can I close the account after the reward?
Reply
Joined Dec 2007
L6: Expert
> bubble2 1,564 Posts
421 Reputation
Kouskous44
09-02-2023 at 01:47 AM.
09-02-2023 at 01:47 AM.
Quote from sumitk9516 :
Can I close the account after the reward?

Yes you can.
Reply
Joined Dec 2010
L3: Novice
> bubble2 148 Posts
55 Reputation
cedarhillguy
09-02-2023 at 04:03 AM.
09-02-2023 at 04:03 AM.
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.
Reply
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
09-02-2023 at 04:49 AM.
09-02-2023 at 04:49 AM.
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
Reply
Joined Aug 2017
L2: Beginner
> bubble2 36 Posts
14 Reputation
jd_from_da_80s
09-02-2023 at 04:59 AM.
09-02-2023 at 04:59 AM.
Quote from Kraken09 :
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.

Edit: Thanks OP
Reply
Last edited by jd_from_da_80s September 2, 2023 at 05:01 AM.
Joined Sep 2008
L10: Grand Master
> bubble2 7,504 Posts
723 Reputation
DogAndPony
09-02-2023 at 07:32 AM.
09-02-2023 at 07:32 AM.
Got the $5 and the match, but never the $100. Seems like a lot of folks are having the same experience. I'll wait a bit longer.
Reply
Joined Oct 2006
L5: Journeyman
> bubble2 767 Posts
165 Reputation
Pickngrin
09-02-2023 at 08:05 AM.
09-02-2023 at 08:05 AM.
I too have received the $5 promo and the 10% match, and am waiting on the $100. Seems like a common experience among us.
1
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Joined Feb 2010
Dealbreaker
> bubble2 2,722 Posts
1,022 Reputation
Hoolagain
09-02-2023 at 08:06 AM.
09-02-2023 at 08:06 AM.
Already paid out the full $135 bonus with $300 deposit on 8/31. Thanks OP!
Reply
Joined Sep 2011
L3: Novice
> bubble2 146 Posts
171 Reputation
dipen26
09-02-2023 at 09:16 AM.
09-02-2023 at 09:16 AM.
Is this still working? Or is this offer expired?
Reply
Joined Aug 2018
L6: Expert
> bubble2 1,047 Posts
70 Reputation
Kraken09
09-02-2023 at 11:03 AM.
09-02-2023 at 11:03 AM.
Quote from jd_from_da_80s :
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.
Reply
Last edited by Kraken09 September 3, 2023 at 02:20 AM.
Joined Aug 2018
L6: Expert
> bubble2 1,047 Posts
70 Reputation
Kraken09
09-02-2023 at 12:02 PM.
09-02-2023 at 12:02 PM.
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.
Reply
Joined Aug 2004
...
> bubble2 9,816 Posts
5,138 Reputation
JaTaN
09-02-2023 at 01:25 PM.
09-02-2023 at 01:25 PM.
Quote from Kraken09 :
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

Copy/paste:

digital.fidelity.com/ftgw/digital/bank-information/
Reply
Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-02-2023 at 01:37 PM.
09-02-2023 at 01:37 PM.
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.
Reply
Joined Jul 2017
L6: Expert
> bubble2 1,412 Posts
164 Reputation
slicksdeal
09-02-2023 at 02:37 PM.
09-02-2023 at 02:37 PM.
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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Joined Jan 2007
L10: Grand Master
> bubble2 28,287 Posts
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cgigate
09-02-2023 at 04:56 PM.
09-02-2023 at 04:56 PM.
Got $5+$100+$35
Fidelity is trustable
Reply
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