If it does, please upvote my post as I want to draw the attention of the app developers out there. Any taxes resulting from the cash award are your responsibility.įidelity, Fidelity Investments, and the Fidelity Investments & Pyramid Design logo are registered service marks of FMR LLC.I hope my experiences and research can help someone else. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this cash award and the deposit of the cash award in your account. By accepting the cash award, Fidelity assumes that you are in compliance with your jurisdiction's laws and institution's internal policies.Ĭumulative cash awards 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. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. ![]() Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. Individuals subject to backup withholding may not be eligible for the offer.Ĭertain 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. 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. This offer is nontransferable and limited to $50 per individual. A copy of this prospectus will be made available to you during the account opening process. Before opening an account and selecting a money market fund as your core position, read the money market fund’s prospectus for policies specific to that fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in a money market fund. No further investment or trading is required to qualify for the offer. You have the option of selecting a money-market fund sponsored by a Fidelity affiliate as your core position. You will be provided information regarding the available core positions for the account type you select during the account opening process. Amounts deposited by Fidelity in the form of the cash award will be initially held in the eligible account’s core position. The cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period. This offer does not constitute a recommendation by Fidelity as to which, if any, account is appropriate for your personal situation. Each eligible account has unique features which you should consider prior to opening. Both accounts are opened for Fidelity Bloom customers. The only eligible accounts for this offer are the Fidelity Bloom Spend account and the Fidelity Bloom Save account.For purposes of this offer, “Net Deposits” shall mean total external deposits or transfers (including cash, eligible securities and/or margin debit balance transfers) minus assets withdrawn or transferred out of the accounts within the qualification period.The Net Deposit at the end of the 7 calendar days after the initial funding date ("the qualification period") must be at least $25. ![]() The Fidelity Bloom accounts must be opened within the Fidelity Bloom app.
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