Find the latest M1 Finance promotions, bonuses, and offers here!
Do you find investing difficult or just intimidating? Well, check out M1 Finance, a platform that allows automated investing in the form of a “robo advisor”.
M1 Finance is a free automated investing platform that lets you create a portfolio consisting of investments of your choice. You also have the option to pick from pre-built ones. All you have to do is fund your account, and M1 Finance will do the rest.
About M1 Finance
Founded in 2015, M1 Finance is an online financial services company with headquarters in Chicago, IL. The company is registered with the Securities and Exchange Commission as a broker dealer and is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
M1 Finance offers a unique combination of automated investing with a high level of customization. This structure allows for clients clients to create a portfolio tailored to their exact specifications. It is important to note that M1 Finance is not an advisory service. The firm has grown to have more than $2 billion in assets under management and over 500,000 clients.
Current M1 Finance Promotions
M1 Finance Up To $10,000 Bonus For Account Transfer
Open a new M1 Finance Account and earn up to a $10,000 bonus.
Follow the simple steps below to sign up for an account:
- Transfer a brokerage account to M1 and earn up to $10,000
- During the Promotion Period, new and existing M1 customers that transfer a brokerage or retirement account to M1 can earn up to $10,000. Here’s how to get started:
- Get a copy of a recent account statement from your brokerage.
- Ensure you have an account open at M1 that matches the account type you’re transferring (e.g. if you are transferring securities from a joint brokerage account, you’ll need a joint brokerage account open at M1).
- Submit a transfer request from another brokerage account during the Promotion Period.
- Promotional Credits will be paid to eligible clients on December 5, 2023.
- Bonus Tiers:
- $250 bonus: when you transfer an account of $50,000 – $249,999
- $1,000 bonus: when you transfer an account of $250,000 – $499,999
- $2,000 bonus: when you transfer an account of $500,000 – $999,999
- $4,000 bonus: when you transfer an account of $1,000,000 – $1,999,999
- 10,000 bonus: when you transfer an account of $2,000,000+
(Expires 02/28/2023)
Additionally, you may want to compare this offer to J.P. Morgan Self-Directed Investing (Up to $625 Cash), Axos Self Directed Trading ($250 Cash), TradeStation ($150 Cash), and WeBull (12 Free Stocks). |
Earn 3.30% APY M1 Plus Spend Checking + 1% Cash Back
Open a new M1 Plus Spend Account and earn 3.30% APY M1 Plus Spend Checking + 1% Cash Back. Keep in mind that there is a $125 annual fee.
Follow the simple steps below to sign up for an account:
- Get powerful digital banking perks and a credit card that helps fuel your long-term investing strategy
- 3.30% APY
- 1% cash back
- Schedule one-time or recurring paper checks from the M1 app
- Get your paycheck up to two days early
(Click the button above to sign up for M1 Finance)
You can compare this to several great entry level Checking accounts with offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking (Up to $600 bonus), Chase Total Checking® ($200 bonus), Fifth Third Bank Momentum® Checking ($275 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
$10-$50 Referral Bonuses

Get $10- $30 Referral Bonuses
Currently, M1 Finance is offering a promotion where account holders can earn $10 (sometimes $50) Referral Bonuses when you refer friends and family members to this app. The bonus seems to vary for different users, visit the referral link and your account page to see.
All your referees have to do is sign up through the same process that you went through to receive their bonus. We will go over the steps on how to sign up for an account in the section below.
- Open your M1 Finance Dashboard (mobile app) or click on your name (desktop site).
- Click “Refer & Earn.” This will only show if your account is funded.
- Sign up for the referral program.
- Choose which Payment Account you want to deposit your referral bonuses.
- Share your unique M1 Finance referral link with everyone you know.
- Receive your referral bonuses in your Payment Account within 14 days after your friend has signed up and funded their M1 Finance account.
- Once qualifications are met, you’ll see your bonus in your account under Settings > Promotions.
- Available to U.S. residents only.
- The offer is only valid for new brokerage or IRA accounts.
- This promotion is not valid with any other offers and is non-transferable.
- You must have an open brokerage account to receive referral credits.
- Your Payment Account cannot be a retirement account. If you opened a retirement account, you must also open a non-retirement account to receive the bonus.
(Click on the link above to sign up for a M1 Finance account)
M1 Finance $100 Checking Bonus (Expired)
M1 Finance offers a $100 Checking Bonus when you open a new checking account.
- Account Type: Checking account
- Availability: Nationwide
- Direct Deposit Requirement: Yes, $2,500 or more post to the account in the first 14 days
- Hard/Soft Pull: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: Varies by account, See below
- Early account termination fee: $25 if closed within 90 days of account opening
- Household limit: None listed
(Expires 03/31/2022)
How To Earn The $100 Bonus
- Open a new M1 Spend account between January 28 – March 31
- Deposit $2,500 within the first 14 days of account opening.
- Maintain your balance for 30 days for a $100 bonus deposit.
- TRANSFER MONEY AND DIRECT DEPOSIT
- Consolidate your accounts and use M1 for all your money needs: move money between Invest, Borrow, and Spend easily.
- GET YOUR PAYCHECK EARLY
- You can get your paycheck up to two days early with direct deposit, giving you more time with your money.
- SPEND WITH A DEBIT CARD
- Use your M1 Spend Visa® debit card anywhere Visa® is accepted. Choose from five sleek designs with M1 Plus.
- GET 1% CASH BACK AND 1% APY (M1 Plus)
- Earn 1% cash back info icon when you spend and 1% APY info icon when you don’t as an M1 Plus member.
- SEND CHECKS TO ANYONE (M1 Plus)
- Send physical checks without ever touching a pen. Fill in the details and we’ll mail a paper check once, weekly, biweekly, or monthly.
- M1 Spend: $0
- M1 Plus: $125 per year
- Starting on January 28, 2022 through March 31, 2022 (the “Promotion Period”), all customers who meet the eligibility requirements described below will be eligible to receive a one-time cash reward of one hundred dollars ($100) deposited into your M1 Spend checking account1 (the “Promotion”).
- As further described below, you will be eligible for this Promotion when you successfully open an M1 Spend checking account and deposit, in aggregate, at least two thousand five hundred dollars ($2,500) during the Promotion Period.
- You can make these deposits on any day within the Promotion Period, so long as the total aggregate deposited amount is at least $2,500 within fourteen (14) days of account opening.
Bottom Line
If you want a less hands on approach to your investments, M1 Finance is the platform for you. This investment platform allows you to invest without having to constantly look at your portfolio.
If this service isn’t for you, there are other investing services such as Betterment and Wealthfront that also have promotions and deals.
All you have to do is set up your preferences during your sign up process, and the “robo advisor” will do all the work for you. If you like posts like this, check out our list of investment promotions and brokerage bonuses!