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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
204,361 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
204,361 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 Feb 2010
Dealbreaker
> bubble2 2,722 Posts
1,022 Reputation
Hoolagain
09-05-2023 at 01:08 PM.
09-05-2023 at 01:08 PM.
Quote from labude :
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.
Quote from person1976 :
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.
Mine is an IRA with no margin and I have that option. Edit: I only set up this account a few months ago. I wonder if older accounts might not have the option? Perhaps you can add another account though and move everything to it?
Reply
Last edited by Hoolagain September 5, 2023 at 01:19 PM.
Joined Mar 2016
L5: Journeyman
> bubble2 584 Posts
51 Reputation
Bazoogamoosh
09-05-2023 at 01:31 PM.
09-05-2023 at 01:31 PM.
Quote from Firebird72 :
Makes no sense at all... Confused

I emailed them and they said 17 days total, corporate just pulling numbers lol
Reply
Joined Nov 2011
L6: Expert
> bubble2 1,257 Posts
290 Reputation
Dreamliner330
09-05-2023 at 03:28 PM.
09-05-2023 at 03:28 PM.
I have a handful of previous existing Fidelity accounts including an Individual that pays SPAXX on cash. Is there any reason to keep the Bloom accounts open after getting the $135?

Should I leave the accounts open at zero or close them?
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,417 Posts
71 Reputation
mcali786
09-05-2023 at 10:38 PM.
09-05-2023 at 10:38 PM.
II got the ID verify thing so had to upload photo ID and take face photo but I don't remmeber if it asked me to create an Username/Pass, and the phone number I entered isn't receiving text.

Should I just wait for the bloom card to arrive and look up username/pass b/c current method requires text lookup.
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,417 Posts
71 Reputation
mcali786
09-05-2023 at 10:39 PM.
09-05-2023 at 10:39 PM.
The requirement to fund min $50 doesn't have to be witin 7 days of creation of account correct? If I',m reading terms it says initial funding of any amount has to be $50.... can anyone confirm?
Reply
Joined Aug 2009
L6: Expert
> bubble2 1,229 Posts
63 Reputation
crimsonroses
09-05-2023 at 11:53 PM.
09-05-2023 at 11:53 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
So I should park exactly 300 in the SAVE account to receive the 30? but I HAVE to park 50 per promo (save) and then (spend) to receive the 100? but in the terms it says I can park the 100 in either spend or save?
Reply
Joined Feb 2007
L10: Grand Master
> bubble2 14,153 Posts
sarcasmogratis
09-06-2023 at 12:42 AM.
09-06-2023 at 12:42 AM.
Quote from crimsonroses :
So I should park exactly 300 in the SAVE account to receive the 30? but I HAVE to park 50 per promo (save) and then (spend) to receive the 100? but in the terms it says I can park the 100 in either spend or save?

The 10% deposit match maxes out at $30, so $300 or more into the SAVE account would work.
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
Reply
Last edited by sarcasmogratis September 6, 2023 at 12:46 AM.

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Joined Feb 2007
L10: Grand Master
> bubble2 14,153 Posts
sarcasmogratis
09-06-2023 at 12:47 AM.
09-06-2023 at 12:47 AM.
Quote from LeBoom :
Oh, yeah Ive received the rewards. I was just wondering if anyone has transferred the money back out yet.

I transferred $30 back to the original external funding account just to see how it went-
Easy and quick. Less than 24 hours from request to posting.
I plan to leave the accounts open though
Reply
Joined Nov 2017
L99: Deal Guru
> bubble2 1,073 Posts
264 Reputation
kdupuis77
09-06-2023 at 05:28 AM.
09-06-2023 at 05:28 AM.
Quote from sarcasmogratis :
The 10% deposit match maxes out at $30, so $300 or more into the SAVE account would work.
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
That's right, I deposited $300 each to my wife and my own Save accounts and we got the full $135 each as of last Friday!
Reply
Joined Feb 2011
L3: Novice
> bubble2 154 Posts
34 Reputation
thunderriver
09-06-2023 at 07:53 AM.
09-06-2023 at 07:53 AM.
Quote from kdupuis77 :
That's right, I deposited $300 each to my wife and my own Save accounts and we got the full $135 each as of last Friday!
Same here. Opened the Bloom account on 21st of August and received $135 by 30th of August.
Reply
Joined Jun 2007
L3: Novice
> bubble2 134 Posts
10 Reputation
spriteuser
09-06-2023 at 08:08 AM.
09-06-2023 at 08:08 AM.
Finally got the $100 after getting the $30 last week
Reply
Joined Nov 2017
L99: Deal Guru
> bubble2 1,073 Posts
264 Reputation
kdupuis77
09-06-2023 at 09:02 AM.
09-06-2023 at 09:02 AM.
Quote from thunderriver :
Same here. Opened the Bloom account on 21st of August and received $135 by 30th of August.
Was looking to open a Fidelity Go Roth with them like I did for my wife a couple years ago. The "Go" account is the robot-invested automated kind. I found this offer and opened my account through it. Accordingly to this $50 Deposit, Get $100 free promo, it only says I must not have taken advantage of this particular offer before. Nowhere does it mention Bloom Savings/Checking. Was gonna open the Roth for me there anyhow, so signed up through their link which uses promo code FIDELITY100 and we shall see in 25 days if I get the hook up!

P.S. The "Starter Pack" is primarily advertised on this one, but you can scroll down and opt for a single type of account as I did.

https://www.fidelity.com/go/starter-pack
Reply
Joined May 2016
Fatwallet
> bubble2 619 Posts
125 Reputation
jschuman01
09-06-2023 at 09:12 AM.
09-06-2023 at 09:12 AM.
Quote from Dreamliner330 :
I have a handful of previous existing Fidelity accounts including an Individual that pays SPAXX on cash. Is there any reason to keep the Bloom accounts open after getting the $135?

Should I leave the accounts open at zero or close them?

I emptied the account and just hidden the account so it's out of view, I'll probably close it later.
Reply
Joined Jun 2008
L4: Apprentice
> bubble2 368 Posts
62 Reputation
johnfoe
09-06-2023 at 10:26 AM.
09-06-2023 at 10:26 AM.
Quote from FHRITP :
It's incredible the lengths people will go to for a couple bucks.
Pretty simple to get a quick $135. I know it isn't high amount, but as they say "20 bucks is 20 bucks"
Reply

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Joined Jun 2012
L6: Expert
> bubble2 1,675 Posts
153 Reputation
Firebird72
09-06-2023 at 10:36 AM.
09-06-2023 at 10:36 AM.
Quote from Bazoogamoosh :
I emailed them and they said 17 days total, corporate just pulling numbers lol
Calendar days or business days... lol...
Reply
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