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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 Nov 2006
L5: Journeyman
> bubble2 822 Posts
207 Reputation
slickdeal_cat
09-14-2023 at 03:20 PM.
09-14-2023 at 03:20 PM.
Finally gave in and called. Rep says I didn't enter a code when I signed up and that's why I didn't receive it, but she would send in a request to try to get it applied retroactively.

I don't recall any code to use. Am I misremembering?
Reply
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
09-14-2023 at 03:31 PM.
09-14-2023 at 03:31 PM.
Quote from LA_Art_Collector :
Correct me if I'm wrong, but Checking doesn't pay interest, only the the Savings...
Both the Spend and Save accounts have SPAXX as the core position, so both earn the same rate.
Reply
Joined Oct 2009
Parsimonious Bastard
> bubble2 961 Posts
171 Reputation
LA_Art_Collector
09-14-2023 at 03:33 PM.
09-14-2023 at 03:33 PM.
Quote from LanceTX :
Both the Spend and Save accounts have SPAXX as the core position, so both earn the same rate.
Wow, awesome!

So what's the point of putting anything into the Save account?
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
09-14-2023 at 04:09 PM.
09-14-2023 at 04:09 PM.
Quote from slickdeal_cat :
Finally gave in and called. Rep says I didn't enter a code when I signed up and that's why I didn't receive it, but she would send in a request to try to get it applied retroactively.

I don't recall any code to use. Am I misremembering?
I'm 99% sure I didn't enter a code.

What you'll get: https://www.fidelity.com/mobile/bloom
An award-winning app that helps you build mindful spending and saving habits.
Two Fidelity® accounts: one to help build savings and one to track everyday spending.
A debit card to access your spending money (along with built-in cash rewards).
$100 reward for new customers. We'll add $100 after you deposit $50 or more. It's our way of celebrating the start of your journey to better habits.
Reply
Last edited by Firebird72 September 14, 2023 at 04:12 PM.
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
09-14-2023 at 04:11 PM.
09-14-2023 at 04:11 PM.
Quote from LA_Art_Collector :
Wow, awesome!

So what's the point of putting anything into the Save account?
Mainly just psychological. The main goal of Bloom is to teach people money saving habits, so the app frequently encourages you to save as much as possible by routinely moving funds from Spend to Save.
Reply
Joined Jun 2014
L6: Expert
> bubble2 1,187 Posts
129 Reputation
lawrencelin
09-15-2023 at 04:50 AM.
09-15-2023 at 04:50 AM.
Quote from slickdeal_cat :
Finally gave in and called. Rep says I didn't enter a code when I signed up and that's why I didn't receive it, but she would send in a request to try to get it applied retroactively.

I don't recall any code to use. Am I misremembering?

It require sign up in app in order to get the $100, is app will automatically fill up the code? But I don't find out anywhere to enter code, also website and app don't have code available to enter, today is day 10, I only get my set up account $5, no $100 bonus and $30 match yet.
Reply
Joined Dec 2008
L8: Grand Teacher
> bubble2 3,408 Posts
1,190 Reputation
Spider210
09-15-2023 at 06:31 AM.
09-15-2023 at 06:31 AM.
Opened both acts on Sept 1st, deposited $300 in each. Received the $5 bonus on the 1st and Sept14 received the $100 in the SAVE account.
Reply

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Joined Sep 2005
Traveler
> bubble2 1,088 Posts
254 Reputation
merlinx
09-15-2023 at 06:57 AM.
09-15-2023 at 06:57 AM.
Quote from Spider210 :
Opened both acts on Sept 1st, deposited $300 in each. Received the $5 bonus on the 1st and Sept14 received the $100 in the SAVE account.
I opened my account and received my bonus. The thing is I was not a new customer and had done this deal before and still received the bonus.
Reply
Joined Sep 2008
L10: Grand Master
> bubble2 7,483 Posts
719 Reputation
DogAndPony
09-15-2023 at 08:28 AM.
09-15-2023 at 08:28 AM.
Still no $100 so I gave in and called. I was on hold for over 20 minutes, but he finally came back on the line and said they had to add it manually, but it will show up next week. I was told it would show up this week when I chatted with them last week so I'm not too optimistic.
1
Reply
Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-15-2023 at 09:45 AM.
09-15-2023 at 09:45 AM.
I finally got the $100 bonus after 24 days. It was automatic, and I didn't have to call them.

8/21/23 deposited $300 from a Fidelity cash management account. It shows as: "Transfer within Fidelity".
8/21/23 received $5 signup bonus. It shows as: "JOURNALED Rewards (Bonus offers) (Cash)".
9/1/23 received the 10% match. It shows as: "Rewards (Match)".
9/1/23 I was worried that I had to use an "outside financial institution", so I transferred $51 from Capital One bank.
9/14/23 I received the $100 bonus. It shows as: "JOURNALED (Cash)".

It seems all the people contacting Fidelity made them fix their automatic distribution. Another possibility is that my original deposit with another Fidelity account was ineligible, and that they increased the window of opportunity to allow a separate deposit from an "outside financial institution".
Reply
Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-15-2023 at 09:56 AM.
09-15-2023 at 09:56 AM.
Quote from RockHardRockCrawler :
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!
Do an anti-virus scan on your computer. You might have to reinstall windows if it's infected.

Use another computer or cell phone that you know is clean to change your Fidelity password.

Call Fidelity asap. 800-343-3548
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
09-15-2023 at 10:01 AM.
09-15-2023 at 10:01 AM.
Quote from person1976 :
I finally got the $100 bonus after 24 days. It was automatic, and I didn't have to call them.

8/21/23 deposited $300 from a Fidelity cash management account. It shows as: "Transfer within Fidelity".
8/21/23 received $5 signup bonus. It shows as: "JOURNALED Rewards (Bonus offers) (Cash)".
9/1/23 received the 10% match. It shows as: "Rewards (Match)".
9/1/23 I was worried that I had to use an "outside financial institution", so I transferred $51 from Capital One bank.
9/14/23 I received the $100 bonus. It shows as: "JOURNALED (Cash)".

It seems all the people contacting Fidelity made them fix their automatic distribution. Another possibility is that my original deposit with another Fidelity account was ineligible, and that they increased the window of opportunity to allow a separate deposit from an "outside financial institution".
Wife still has not received her $100 bonus as of 1PM 9/15.
Her $300 deposit to Bloom was on 8/21 from Ally Bank.
Reply
Joined Sep 2008
L4: Apprentice
> bubble2 374 Posts
47 Reputation
neverwearthem
09-15-2023 at 10:02 AM.
09-15-2023 at 10:02 AM.
Initial deposit of $300 completed 9/5
Journaled (CASH) $100 received on 9/14 (didn't see it show up in the app until today though)
Nothing on the 10% match yet
Reply
Joined Sep 2008
L10: Grand Master
> bubble2 7,483 Posts
719 Reputation
DogAndPony
09-15-2023 at 11:49 AM.
09-15-2023 at 11:49 AM.
Quote from t4t3r :
Initial deposit of $300 completed 9/5
Journaled (CASH) $100 received on 9/14 (didn't see it show up in the app until today though)
Nothing on the 10% match yet
I got a $5 Journaled reward. Not sure where that came from, but no $100 yet. You get $5?
Reply

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Joined May 2020
L3: Novice
> bubble2 102 Posts
person1976
09-15-2023 at 05:22 PM.
09-15-2023 at 05:22 PM.
Quote from DogAndPony :
I got a $5 Journaled reward. Not sure where that came from, but no $100 yet. You get $5?
That's the $5 signup bonus that everybody gets.
Reply
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