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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
203,158 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
203,158 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 2020
L3: Novice
> bubble2 227 Posts
CheekyKunta
09-13-2023 at 06:52 AM.
09-13-2023 at 06:52 AM.
deposited 8/31

$100 bonus arrived the 11th
Reply
Joined Jul 2007
L10: Grand Master
> bubble2 10,104 Posts
775 Reputation
jplee3
09-13-2023 at 09:42 AM.
09-13-2023 at 09:42 AM.
Quote from CheekyKunta :
deposited 8/31

$100 bonus arrived the 11th
Same here - opened account and deposited on 8/31. $100 bonus arrived the 11th. For my account and my wife's account.

BTW: can we hold/maintain a $0.00 balance in both the Bloom save and spend accounts? I want to transfer the $ out now....
Reply
Joined Sep 2023
L5: Journeyman
> bubble2 569 Posts
62 Reputation
RockHardRockCrawler
09-13-2023 at 11:21 AM.
09-13-2023 at 11:21 AM.
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!
Reply
Joined Dec 2009
L6: Expert
> bubble2 1,971 Posts
1,019 Reputation
annual
09-13-2023 at 01:18 PM.
09-13-2023 at 01:18 PM.
Received my $100 & $30 bonus for $300 deposit from outside account. When is everyone withdrawing money from Bloom accounts?
Reply
Joined Sep 2008
L10: Grand Master
> bubble2 7,483 Posts
719 Reputation
DogAndPony
09-13-2023 at 02:26 PM.
09-13-2023 at 02:26 PM.
Quote from annual :
Received my $100 & $30 bonus for $300 deposit from outside account. When is everyone withdrawing money from Bloom accounts?
I'm leaving mine open forever. I love my Bloom® account
Reply
Joined Dec 2009
L6: Expert
> bubble2 1,971 Posts
1,019 Reputation
annual
09-13-2023 at 02:27 PM.
09-13-2023 at 02:27 PM.
Quote from DogAndPony :
I'm leaving mine open forever. I love my Bloom® account

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.
Reply
Joined Oct 2013
L6: Expert
> bubble2 1,072 Posts
327 Reputation
saving2bankruptcy
09-13-2023 at 02:33 PM.
09-13-2023 at 02:33 PM.
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?
Reply

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Joined Apr 2006
L7: Teacher
> bubble2 2,849 Posts
316 Reputation
aqan
09-13-2023 at 02:37 PM.
09-13-2023 at 02:37 PM.
Anyone know if they offer custodial accounts?
Reply
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
09-13-2023 at 07:04 PM.
09-13-2023 at 07:04 PM.
Quote from annual :
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.
Reply
Joined Jan 2022
L2: Beginner
> bubble2 55 Posts
10 Reputation
Inv0ker
09-14-2023 at 06:10 AM.
09-14-2023 at 06:10 AM.
Received the $100 9/11.

Deposited end of August.
Reply
Joined Oct 2009
L4: Apprentice
> bubble2 497 Posts
706 Reputation
coolzkillaz
09-14-2023 at 09:04 AM.
09-14-2023 at 09:04 AM.
8/21 - open Bloom accounts
8/21 - $5 credit to Save
8/22 - $300 posted into Save
8/31 - $100 credit to Spend
9/01 - $30 credit to Save
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
09-14-2023 at 10:03 AM.
09-14-2023 at 10:03 AM.
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
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
2,718 Reputation
cgigate
09-14-2023 at 10:23 AM.
09-14-2023 at 10:23 AM.
Quote from Firebird72 :
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

Most people got $100 on day 11
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
09-14-2023 at 02:44 PM.
09-14-2023 at 02:44 PM.
Quote from cgigate :
Most people got $100 on day 11
What can I say...
I got mine on 8/31, my son just got his today, after the call.
My wife still has not received hers.
Reply

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Joined Oct 2009
Parsimonious Bastard
> bubble2 961 Posts
171 Reputation
LA_Art_Collector
09-14-2023 at 02:51 PM.
09-14-2023 at 02:51 PM.
Quote from LanceTX :
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...
Reply
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