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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
204,706 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
204,706 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 Sep 2018
L6: Expert
> bubble2 1,578 Posts
156 Reputation
EagerActivity1630
09-03-2023 at 05:58 PM.
09-03-2023 at 05:58 PM.
Is this a good place to park your money for a fair interest rate. Is it easy to move money in and out, any limit on transactions. Do they take photo deposited checks? Both save and spend get same interest rate? Good for international cash withdrawal? Truist gives crap rates. Thumbs up and thank you. Easy $135, took about two weeks total
Reply
Joined Nov 2019
L3: Novice
> bubble2 115 Posts
149 Reputation
RaghavP511
09-03-2023 at 07:33 PM.
09-03-2023 at 07:33 PM.
Quote from EagerActivity1630 :
Is this a good place to park your money for a fair interest rate. Is it easy to move money in and out, any limit on transactions. Do they take photo deposited checks? Both save and spend get same interest rate? Good for international cash withdrawal? Truist gives crap rates. Thumbs up and thank you. Easy $135, took about two weeks total
Easy to move money in and out, yes.
Any limit on transactions, no.
Do they take photo deposited checks, yes.
Both save and spend get same interest rate, yes.
Good for international cash withdrawal, no. I would look into the Fidelity Cash Management Account for that, as its debit card has unlimited ATM rebates; including international.
Reply
Joined Nov 2010
L4: Apprentice
> bubble2 399 Posts
154 Reputation
bigemu1
09-03-2023 at 08:56 PM.
09-03-2023 at 08:56 PM.
Quote from dipen26 :
Is this still working? Or is this offer expired?
Still being advertised on their website. I did it today and had a login issue that required I call Fidelity, and the rep confirmed this offer code was applied correctly. I used the QR Code on the webpage for Bloom to find the app. Rep was extremely friendly and helpful, especially for after-hours.

Note: the 08/27/2023 date in the terms and conditions is for existing customers.
Reply
Joined Dec 2011
L4: Apprentice
> bubble2 304 Posts
18 Reputation
LeBoom
09-04-2023 at 04:23 AM.
09-04-2023 at 04:23 AM.
Has anybody withdrawn the money after getting the rewards yet?
Reply
Joined May 2020
L2: Beginner
> bubble2 46 Posts
174 Reputation
FabulousCrayon3824
09-04-2023 at 06:20 AM.
09-04-2023 at 06:20 AM.
Quote from LeBoom :
Has anybody withdrawn the money after getting the rewards yet?
I deposited $350 {Aug. 24), got $5 plus $30 and withdrew $285, just waiting on the $100.
Reply
Last edited by FabulousCrayon3824 September 4, 2023 at 07:55 AM.
Joined Aug 2013
L3: Novice
> bubble2 162 Posts
10 Reputation
mmacdon3
09-04-2023 at 07:38 AM.
09-04-2023 at 07:38 AM.
Signed up me and my wife each on the same day (Aug 23). Did everything identical. She's had the full $135 for a while now while my account is still waiting for the $100
1
Reply
Joined Mar 2005
L3: Novice
> bubble2 296 Posts
148 Reputation
narin
09-04-2023 at 07:50 AM.
09-04-2023 at 07:50 AM.
Quote from mmacdon3 :
Signed up me and my wife each on the same day (Aug 23). Did everything identical. She's had the full $135 for a while now while my account is still waiting for the $100

Same. Deposited 8/23. Last checked a min ago. Still waiting too.
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Joined Jan 2005
L9: Master
> bubble2 4,848 Posts
788 Reputation
SonofZeus
09-04-2023 at 10:15 AM.
09-04-2023 at 10:15 AM.
Link Bloom debit card to Venmo.
Make 300 x $1 transfers to spouse/friend who will refund $300.
(IIRC there are ways to automate if you're time constrained.)
Earn another $30 from Fidelity.
1
Reply
Joined Jan 2007
L6: Expert
> bubble2 1,170 Posts
186 Reputation
robinm
09-04-2023 at 10:33 AM.
09-04-2023 at 10:33 AM.
I signed up with my own details a couple weeks ago and after making sure the reward was legit, my husband signed up last night. We are totally unable to link a bank account, anyone else seeing this? Tried two separate devices. Need to get the money in before a week is up...Maybe ACH from the other bank? Will try.
Reply
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
09-04-2023 at 11:13 AM.
09-04-2023 at 11:13 AM.
Quote from SonofZeus :
Link Bloom debit card to Venmo.
Make 300 x $1 transfers to spouse/friend who will refund $300.
(IIRC there are ways to automate if you're time constrained.)
Earn another $30 from Fidelity.
That's creative no doubt, but Fidelity will almost certainly shut down your Bloom accounts if you do per what I've read on DoC and elsewhere.
Reply
Joined Jan 2005
L9: Master
> bubble2 4,848 Posts
788 Reputation
SonofZeus
09-04-2023 at 12:52 PM.
09-04-2023 at 12:52 PM.
Quote from LanceTX :
That's creative no doubt, but Fidelity will almost certainly shut down your Bloom accounts if you do per what I've read on DoC and elsewhere.
"fortis fortuna adiuvat"
1
Reply
Joined Sep 2023
New User
> bubble2 1 Posts
10 Reputation
CleverWallaby8892
09-04-2023 at 01:17 PM.
09-04-2023 at 01:17 PM.
Quote from LanceTX :
That's creative no doubt, but Fidelity will almost certainly shut down your Bloom accounts if you do per what I've read on DoC and elsewhere.
Huh how is it creative? You can transfer $300 from any account and get the $30 by doing one transaction.
Reply
Joined Oct 2009
Parsimonious Bastard
> bubble2 968 Posts
171 Reputation
LA_Art_Collector
09-04-2023 at 03:20 PM.
09-04-2023 at 03:20 PM.
Quote from CalmMitten7204 :
I charged the debit without moving anything from the save to the spend. Can confirm it did not draw from the Save acct when the spend was at $0
Then how did you charge anything?
Reply
Joined Oct 2021
L2: Beginner
> bubble2 27 Posts
14 Reputation
CalmMitten7204
09-04-2023 at 03:52 PM.
09-04-2023 at 03:52 PM.
Quote from LA_Art_Collector :
Then how did you charge anything?
The charge was unsuccessful when there was $0. then moved $ from save to spend, waited 30 seconds, charged the debit card again and it was successful.
Reply

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Joined Jul 2014
L9: Master
> bubble2 5,628 Posts
472 Reputation
FHRITP
09-04-2023 at 03:55 PM.
09-04-2023 at 03:55 PM.
It's incredible the lengths people will go to for a couple bucks.
4
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