$50 for $100 Cash Offer FAQs
What are the details of the offer?
Starting on May 23, 2022, when you open an eligible account and make a deposit of $50 or more, you'll receive a $100 cash reward deposited into the eligible account that qualified you for the offer. Fidelity reserves the right to modify the terms and conditions or terminate the offer at any time. Other terms and conditions or eligibility criteria apply. See terms and conditions for more information.
How do I register for the offer?
To be registered for this offer, you must open an eligible account through the official offer page and use promo code FIDELITY100 when prompted during the account-opening process. You must also meet the eligibility requirements for the offer.
Which Fidelity accounts are eligible for this offer?
The following individual accounts are eligible for the offer:
- The Fidelity Account®
- Fidelity® Cash Management Account
- Roth IRA and traditional IRA
Accounts that are opened with a Fidelity representative or outside of the official offer page are not eligible.
Will I receive a confirmation email once I register?
Yes. Assuming all eligibility criteria have been met, we'll send a confirmation email the same day to the email address provided by you during the account opening process. If you don't receive a confirmation email, you aren't registered for the offer.
Is everyone eligible for this offer?
Some individuals may not be eligible. Reasons for ineligibility include, but are not limited to:
- Limited to one offer per customer.
- Individuals who took advantage of the previous $50 for $100 offer aren't eligible.
- Fidelity employees aren't eligible.
- Non-US residents aren't eligible.
- Persons employed by FINRA or a securities organization in a regulatory capacity aren't eligible.
I already have an account at Fidelity. Am I eligible for the offer?
Yes! Existing customers are eligible for this offer, provided you meet the necessary requirements and did not previously take advantage of a $50 for $100 cash reward. See terms and conditions for more information.
Can I receive more than the $100 reward?
No. This offer can't be redeemed multiple times by the same individual.
I opened a joint account, will the other joint owner be registered for the offer as well?
No, the other account owner must open a new eligible account and meet the necessary requirements.
What are the funding requirements?
Once you've opened your eligible account, you'll need to deposit at least $50 from an outside financial institution into your new Fidelity account within 15 calendar days (qualification period) of registering for the offer. If you registered with the Starter PackSM accounts, then net deposits between the two accounts must total at least $50. Make sure you allow a few days for your funds to deposit.
How do I fund my account?
When you open a new account, you'll be asked how you'd like to fund the account. You have several options, such as mobile check deposit or transferring assets from another brokerage firm. You can also link a bank account to initiate an electronic funds transfer (EFT).
How much time do I have to fund my account?
You have 15 calendar days (qualification period) from registering for the offer to fund your account.
When will I receive the cash reward?
Once the qualification period (15 calendar days) has ended and you have at least $50 in your new Fidelity account, Fidelity will deposit $100 into the account within 10 calendar days. The total time from registering for the offer to receiving the cash reward may take up to 25 calendar days.
Do I have to keep the $100 cash reward at Fidelity once I receive it?
Yes. While you don't need to keep your initial deposit of $50 in the new account for more than the qualification period, you must keep the $100 cash reward (minus any losses related to trading, market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward.
Do I need to pay taxes on the $100 cash reward?
You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this offer and the deposit of the cash reward in your account. See terms and conditions for more information.
View terms and conditions for more information.