Q: Is this a joke?
A: No
Q: Is the money really free?
A: We really are giving you money! And we have committed our own money to show you just how much we believe in your future!
Q: Do I get to keep the money?
A: Yes.
Q: Can I cash it out whenever?
A: Yes, it’s your money. But you’re probably going to want to let it grow.
Q: Can I add my own money?
A: Absolutely. Once you get the hang of it, we think you’ll want to.
Q: Why are you doing this?
A: So you can learn about money while building good habits — mental, physical, academic and financial. Big picture: Because learning about money is important.
Q: Why aren’t more schools doing this?
A: We don’t know! But we’re happy being the first.
Have more questions? Check out our full FAQ page with lots more details.
Investing involves risk, including risk of loss.
*Fidelity Bloom® is a mobile app designed to help with student’s saving, spending and investing behaviors through the Save and Spend accounts, which are brokerage accounts covered by SIPC insurance. They are not bank accounts and therefore are not covered by FDIC insurance. Account made available via the app may be subject to fee.
Brokerage account products and services offered by Fidelity Brokerage Services LLC. Member NYSE, SIPC. 900 Salem Street, Smithfield, RI 02917.