Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
196,752 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.
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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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Opened and funded on 8/21. Got the $5 and 10% bonuses but not the $100 promo. Chatted today and agent said they'll submit request to process offer and once approved the account will be credited in 1-3 days. I guess now I have to wait & see if it'll be approved.
{ Response form Fidelity - I sent them a secure msg. on 9/21 } Dear Jane Doe:
Thank you for contacting Fidelity Bloom about the $100 bonus. I am happy to look into this for you. I reviewed your accounts and can confirm that you met the terms of the offer. The bonus should have been automatically deposited to your account. Since it has not, we have issued a credit. You can see a $100 credit to your Bloom Save account on the Fidelity Bloom app by reviewing the "Activity." The credit will be listed as a "Journaled Goodwill" item.
Jane, we appreciate your business with Fidelity, and I hope you have an excellent day!
After about 40 days (and I gave up), the $100 was deposited into both my account as well as my wife's. We transferred from the Fidelity Cash Management account but about 10 days ago, I decided to transfer in $50/each from an outside source as a Hail Mary.
Received my Starter Pack $100 bonus on 9/13, didn't even noticed until today while checking my account balances. Also received this $100 Bloom offer on 8/31 plus the $5 and $30 rewards.
Now the most important question, I see the fidelity cash mgnt requires 45 days for the bonus to be kept or there are fees but any issue withdrawing from bloom save/spend account now that we got bonus?
Now the most important question, I see the fidelity cash mgnt requires 45 days for the bonus to be kept or there are fees but any issue withdrawing from bloom save/spend account now that we got bonus?
Anyone confirm this? Any data points?
Also if we deposit $300 this year, I believe we will get 30$ match ?
anyone tried depositing 300 and received 30 bonus again?
Yes.
01/22/2024 transferred in $300 to SAVE from outside fidelity source
02/02/2024 $30 Rewards Match credited.
š
my understanding is they check for deposits at the end of the month and you get the reward within a few days of the new month. so make sure your transfer credits before end of February (I'd give it several days or a week buffer to be sure) and first few days I to March you'll likely see the reward credit
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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.
{ Response form Fidelity - I sent them a secure msg. on 9/21 }
Dear Jane Doe:
Thank you for contacting Fidelity Bloom about the $100 bonus. I am happy to look into this for you. I reviewed your accounts and can confirm that you met the terms of the offer. The bonus should have been automatically deposited to your account. Since it has not, we have issued a credit. You can see a $100 credit to your Bloom Save account on the Fidelity Bloom app by reviewing the "Activity." The credit will be listed as a "Journaled Goodwill" item.
Jane, we appreciate your business with Fidelity, and I hope you have an excellent day!
Sincerely, - Fidelity Bloom
Fidelity Brokerage Services LLC, Member NYSE, SIPC
Sign up for a Slickdeals account to remove this ad.
Also if we deposit $300 this year, I believe we will get 30$ match ?
Also if we deposit $300 this year, I believe we will get 30$ match ?
I'm seeing the promo in the app again. I've already got the $30 cash back so I'm wondering if they will give it again.
Sign up for a Slickdeals account to remove this ad.
Yes.
01/22/2024 transferred in $300 to SAVE from outside fidelity source
02/02/2024 $30 Rewards Match credited.
š
my understanding is they check for deposits at the end of the month and you get the reward within a few days of the new month. so make sure your transfer credits before end of February (I'd give it several days or a week buffer to be sure) and first few days I to March you'll likely see the reward credit