Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
203,119 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.
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.
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.
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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.
Sign up for a Slickdeals account to remove this ad.
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?
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.
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.
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.
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.
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".
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.
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.
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
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?
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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.
Sign up for a Slickdeals account to remove this ad.
I don't recall any code to use. Am I misremembering?
So what's the point of putting anything into the Save account?
I don't recall any code to use. Am I misremembering?
What you'll get: https://www.fidelity.co
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.
So what's the point of putting anything into the Save account?
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.
Sign up for a Slickdeals account to remove this ad.
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".
Use another computer or cell phone that you know is clean to change your Fidelity password.
Call Fidelity asap. 800-343-3548
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".
Her $300 deposit to Bloom was on 8/21 from Ally Bank.
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
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
Sign up for a Slickdeals account to remove this ad.