This Offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") college student customers who make an initial total deposit of at least $25 ("Qualifying Deposit") into their Fidelity Bloom® Spend account or Fidelity Bloom® Save account using an instance of the Fidelity Bloom® app sponsored by their colleges or universities. This Offer is limited to one cash reward per individual. Existing Fidelity customers who have previously made deposits into their Fidelity Bloom Spend or Save accounts, including individuals who have already participated in other Bloom offers, are not eligible for this Offer.
This offer is valid starting January 2nd, 2024.
Fidelity reserves the right to modify these terms and conditions or terminate this Offer at any time. Other terms and conditions, or eligibility criteria, may apply.
To receive the $50 cash reward:
- New customers will register for this Offer by first opening both a Fidelity Bloom Spend account and a Fidelity Bloom Save account through the Fidelity Bloom app.
- Then customers will need to make an initial deposit of any amount into either account on or after January 2nd, 2024 using funds from an outside financial institution. For multiple deposits to be counted toward this Offer, they must be made within 7 calendar days of the initial deposit ("Qualification Period") using funds from an outside financial institution.
The Qualifying Deposit is calculated based on Net Deposits during the Qualification Period in both the Fidelity Bloom Save and Spend Accounts. For purposes of this Offer, "Net Deposits" means the total of external deposits or transfers of cash minus cash withdrawn or transferred out of the accounts within the Qualification Period.
The only eligible accounts for this Offer are the Fidelity Bloom Spend account and the Fidelity Bloom Save account, both of which are opened for customers through the Fidelity Bloom app. Each eligible account has unique features which you should consider prior to opening. This Offer does not constitute a recommendation by Fidelity as to which, if any, account is appropriate for your personal situation.
The cash reward will be deposited directly to your Fidelity Bloom Save account within 10 calendar days after the Qualification Period. Like other cash you deposit into this account, your cash reward will be held in your account’s core money market position. No further investment or trading is required to qualify for this Offer.
You could lose money by investing in a money market fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before opening an account and having your cash invested in a money market fund as your core position, read the money market fund’s prospectus for policies specific to that fund. A copy of this prospectus will be made available to you during the account opening process. You have the option of selecting a different money market fund as your core position.
This Offer is nontransferable and limited to $50 per individual.
This Offer is not valid for non-U.S. residents; persons employed by FINRA or a securities organization in a regulatory capacity; employees of Fidelity, its affiliates, and members of their immediate families and households, or the media who cover financial services. Individuals subject to backup withholding may not be eligible for this Offer.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting the cash reward, Fidelity assumes that you are in compliance with your jurisdiction's laws and institution's internal policies.
Cumulative cash rewards credited to taxable accounts associated with your social security number or tax identification number, including this Offer, other offers available within the Bloom app and those made by a Fidelity affiliate totaling $600 or more within a calendar year will appear on your consolidated Form 1099. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this cash reward and the deposit of the cash reward in your account. Any taxes resulting from the cash reward are your responsibility.
Fidelity, Fidelity Investments, and the Fidelity Investments & Pyramid Design logo are registered service marks of FMR LLC.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
1118009.2.0
