Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
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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.
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I deposited $300, it was taken out of my Wells Fargo savings account and posted to the Fidelity account, then a few days later the $300 was transferred out to an unknown account. My Fidelity balance is $0, I am out $300 in my Wells account, and Fidelity refuses to help! This is a SCAM!
8/21 deposited $300 in the save account only none in the spend account. I got the $5 and the $30 but not the $100? Was I supposed to deposit at least $50 in each?
Can you expound on what you've come to love about the app? I'm not opposed to keeping it just wonder how to get the most out of it.
There aren't too many places where you can have a Checking and Savings account that both earn ~5%, so I'm definitely keeping and using mine for that reason alone. I'll occasionally use the debit card for small purchases as well since you get 10 cents back per swipe.
8/20 - open Bloom accounts
8/21 - $5 credit (Rewards) to Save
8/21 - $301 posted into Save
9/1 - $30 credit (Rewards match) to Save
9/14 - (Called 800-343-3548) about NO $100 | she said I would get it today by 4PM
8/20 - open Bloom accounts
8/21 - $5 credit (Rewards) to Save
8/21 - $301 posted into Save
9/1 - $30 credit (Rewards match) to Save
9/14 - (Called 800-343-3548) about NO $100 | she said I would get it today by 4PM
There aren't too many places where you can have a Checking and Savings account that both earn ~5%, so I'm definitely keeping and using mine for that reason alone. I'll occasionally use the debit card for small purchases as well since you get 10 cents back per swipe.
Correct me if I'm wrong, but Checking doesn't pay interest, only the the Savings...
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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.
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$100 bonus arrived the 11th
$100 bonus arrived the 11th
BTW: can we hold/maintain a $0.00 balance in both the Bloom save and spend accounts? I want to transfer the $ out now....
Can you expound on what you've come to love about the app? I'm not opposed to keeping it just wonder how to get the most out of it.
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Deposited end of August.
8/21 - $5 credit to Save
8/22 - $300 posted into Save
8/31 - $100 credit to Spend
9/01 - $30 credit to Save
8/21 - $5 credit (Rewards) to Save
8/21 - $301 posted into Save
9/1 - $30 credit (Rewards match) to Save
9/14 - (Called 800-343-3548) about NO $100 | she said I would get it today by 4PM
8/21 - $5 credit (Rewards) to Save
8/21 - $301 posted into Save
9/1 - $30 credit (Rewards match) to Save
9/14 - (Called 800-343-3548) about NO $100 | she said I would get it today by 4PM
Most people got $100 on day 11
I got mine on 8/31, my son just got his today, after the call.
My wife still has not received hers.
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