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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 Apr 2019
New User
> bubble2 6 Posts
10 Reputation
TenderCable1542
09-04-2023 at 06:04 PM.
09-04-2023 at 06:04 PM.
I'm an existing Fidelity customer (new to Bloom though). Opened an account and had my $300 transfered into the save account on 8/21, got the $5 bonus on 8/21, got the $100 bonus in my spend account on 8/30, and got the $30 10% match on 9/1.

Total bonus of $135 over ~11 days after deposit clears.
Reply
Joined Dec 2011
L4: Apprentice
> bubble2 304 Posts
18 Reputation
LeBoom
09-04-2023 at 06:04 PM.
09-04-2023 at 06:04 PM.
Quote from FabulousCrayon3824 :
I deposited $350 {Aug. 24), got $5 plus $30 and withdrew $285, just waiting on the $100.

Oh, yeah Ive received the rewards. I was just wondering if anyone has transferred the money back out yet.
Reply
Joined Jan 2009
L6: Expert
> bubble2 1,048 Posts
172 Reputation
labude
09-04-2023 at 10:49 PM.
09-04-2023 at 10:49 PM.
i got the $5 the first day and the $30 4 days later. I'm still waiting on the $100 bonus ..
I have a question for people who already had Fidelity accounts
The core account in my individual account is an FDIC crappy interest rate account.
I've called and asked them to transfer to SPAXX but they told me they can't
So i just transferred that balance to my Bloom Save for the better interest.

Is this a true thing that they have to leave your individual account core as FDIC.
Previously they also told me that if i wanted to put the money in SPAXX, it would be
like buying a mutual fund and I'd have to wait a while to put it back to buy securities.
Well this transfer to Bloom Save was instant so i guess I'll do that

I don't see much point in the app. maybe i'll delete it and just treat this as a way to
have a 5% interest core instead of the FDIC
Reply
Last edited by labude September 4, 2023 at 10:52 PM.
Joined Aug 2007
L6: Expert
> bubble2 1,669 Posts
307 Reputation
munkle
09-05-2023 at 12:22 AM.
09-05-2023 at 12:22 AM.
Got my $135, but the app sucks, the amounts it shows don't add up. I have an extra 42 cents somehow. Clicking on any amount just gives an error. This app feels super rushed and it's a basic app.
Reply
Joined Dec 2015
L5: Journeyman
> bubble2 887 Posts
400 Reputation
selfwriteclick
09-05-2023 at 06:04 AM.
09-05-2023 at 06:04 AM.
I got the $30 bonus for depositing $300 a few days ago. I also got a 42 cents deposit that was withdrawn the same day. Anyone know what's that about?
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,675 Posts
153 Reputation
Firebird72
09-05-2023 at 06:57 AM.
09-05-2023 at 06:57 AM.
Quote from Firebird72 :
Opened 3 accounts myself on 8/19, wife and adult kid on 8/20 all separate e-mails & funding accounts. (Same address on all)
All accounts were funded on 8/21 save was $301, Spend $5.0 for each.
I received $100 bonus on 8/31, nothing for wife and kid as of noon 9/1...
Still no $100 bonus as of noon 9/5! Maybe only 1 per address?
Reply
Last edited by Firebird72 September 5, 2023 at 09:56 AM.
Joined Nov 2007
L5: Journeyman
> bubble2 705 Posts
235 Reputation
hysterias
09-05-2023 at 07:47 AM.
09-05-2023 at 07:47 AM.
Quote from selfwriteclick :
I got the $30 bonus for depositing $300 a few days ago. I also got a 42 cents deposit that was withdrawn the same day. Anyone know what's that about?

Dividend reinvestment.
1
Reply

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Joined Feb 2010
Dealbreaker
> bubble2 2,722 Posts
1,022 Reputation
Hoolagain
09-05-2023 at 09:08 AM.
09-05-2023 at 09:08 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.
My wife wouldn't give me a refund!
1
Reply
Joined Apr 2013
L6: Expert
> bubble2 1,389 Posts
323 Reputation
DealsNStuff
09-05-2023 at 09:13 AM.
09-05-2023 at 09:13 AM.
Quote from selfwriteclick :
I got the $30 bonus for depositing $300 a few days ago. I also got a 42 cents deposit that was withdrawn the same day. Anyone know what's that about?
Did you link to it from an external account? If so, could be the verification deposit. Edit: Or as someone mentioned above - dividend reinvestment is more likely.
Reply
Joined Feb 2010
Dealbreaker
> bubble2 2,722 Posts
1,022 Reputation
Hoolagain
09-05-2023 at 09:20 AM.
09-05-2023 at 09:20 AM.
Quote from labude :
i got the $5 the first day and the $30 4 days later. I'm still waiting on the $100 bonus ..
I have a question for people who already had Fidelity accounts
The core account in my individual account is an FDIC crappy interest rate account.
I've called and asked them to transfer to SPAXX but they told me they can't
So i just transferred that balance to my Bloom Save for the better interest.

Is this a true thing that they have to leave your individual account core as FDIC.
Previously they also told me that if i wanted to put the money in SPAXX, it would be
like buying a mutual fund and I'd have to wait a while to put it back to buy securities.
Well this transfer to Bloom Save was instant so i guess I'll do that

I don't see much point in the app. maybe i'll delete it and just treat this as a way to
have a 5% interest core instead of the FDIC

From the Portfolio View > Positions, click the FDIC position and a green button will appear to change your Core position.
Reply
Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-05-2023 at 10:19 AM.
09-05-2023 at 10:19 AM.
A Fidelity customer service rep wrote, "Please allow 25 from initial funding to receive the promotion into the account."

It can take up to 25 days. Why do some people get the $100 after 9 or 10 days?
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,675 Posts
153 Reputation
Firebird72
09-05-2023 at 10:34 AM.
09-05-2023 at 10:34 AM.
Quote from person1976 :
A Fidelity customer service rep wrote, "Please allow 25 from initial funding to receive the promotion into the account."

It can take up to 25 days. Why do some people get the $100 after 9 or 10 days?
Makes no sense at all... Confused
Reply
Joined Jan 2009
L6: Expert
> bubble2 1,048 Posts
172 Reputation
labude
09-05-2023 at 11:31 AM.
09-05-2023 at 11:31 AM.
Quote from Hoolagain :
From the Portfolio View > Positions, click the FDIC position and a green button will appear to change your Core position.
thanks. i did do that and the "change core position" green button does come up.
Then, a change core position pops up, but in it, it says:
There are no new core positions to select.

from the bloom save, if i click on that green button, i am given the option to change to FZFXX
or that fdic cash account, but not from my original individual account

when i called, the rep told me, you can't have spaxx in the individual account,
are you saying, you can do this from your individual account and you can get spaxx?
maybe i'll go into a fidelity office.
Reply
Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-05-2023 at 12:06 PM.
09-05-2023 at 12:06 PM.
Quote from labude :
when i called, the rep told me, you can't have spaxx in the individual account,
You need to have a margin account for the spaxx money market fund.

The regular "cash management" checking account does not use spaxx for interest.

This new Bloom save account might be a good replacement for the Fidelity margin account for access to spaxx interest rates.
Reply

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Joined Dec 2011
L4: Apprentice
> bubble2 304 Posts
18 Reputation
LeBoom
09-05-2023 at 12:17 PM.
09-05-2023 at 12:17 PM.
Quote from sarcasmogratis :
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

Did you move your money back out?
Reply
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