Find the latest M1 Finance promotions, bonuses, and offers here!
Update 4/18/24: M1 Finance is offering up to $500 bonus when opening a new account and completing an account transfer of $10K minimum.
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.
(at M1 Finance)
Current M1 Finance Promotions
M1 Finance Up To $500 Bonus
Open a new M1 Finance Account and earn up to a $500 bonus.
Follow the simple steps below to sign up for an account:
- Get up to $500 in your new Brokerage Account
- Deposit $10,000 or more within two weeks of opening your new M1 Brokerage Account and get a cash bonus of $75 – $500 deposited to that account.
- Bonus Tiers:
- $75 bonus: when you transfer an account of $10,000 – $29,999
- $150 bonus: when you transfer an account of $30,000 – $49,999
- $250 bonus: when you transfer an account of $50,000 – $99,999
- $500 bonus: when you transfer an account of $100,000+
(Expires 12/31/2024)
J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
M1 Finance (Up to $500 Cash) | WeBull (Free Stocks) |
M1 Finance Custodial Account
With many years ahead to build wealth, adults are in a great position to set children in their lives up for financial success. That’s where M1 Custodial Accounts come in—exclusive to M1 Plus.
Give a child a strong start
- A financial gift. UTMA/UGMA accounts allow you to invest on a child’s behalf and help prepare for future financial needs. These funds can be used for anything benefiting the child.
- There when they need it. As a custodian to the account, you control the investment strategy until its beneficiary comes of age (age 18 to 25, depending on your state).
- Time is on their side. Investing early on a child’s behalf helps give them a financial advantage compared to those who begin investing in adulthood.
(at M1 Finance)
$10-$50 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 Up To $20,000 Bonus For Account Transfer (Expired)
Transfer a brokerage account to M1 and earn up to $20,000.
- During the Promotion Period, new and existing M1 customers that transfer a brokerage or retirement account to M1 can earn up to $20,000. 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. Click here to get started.
- Promotional Credits (see table below) will be paid to eligible clients on December 5, 2024, into their Payment Account^ only.
- Bonus Tiers:
- $250 bonus: when you transfer an account of $100,000 – $249,999.99
- $1,000 bonus: when you transfer an account of $250,000 – $499,999.99
- $2,000 bonus: when you transfer an account of $500,000 – $999,999.99
- $4,000 bonus: when you transfer an account of $1,000,000 – $1,999,999.99
- $10,000 bonus: when you transfer an account of $2,000,000 – $4,999,999.99
- $15,000 bonus: when you transfer an account of $5,000,000 – $6,999,999.99
- $20,000 bonus: when you transfer an account of $7,000,000+
(Expires 03/31/2024)
J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
M1 Finance (Up to $500 Cash) | WeBull (Free Stocks) |
M1 Finance Up To $5,000 Retirement Rollover Bonus (Expired)
Let the good times roll with your nest egg in one place. Roll over your 401(k), 403(b) or another employer-sponsored retirement plan by March 31 and you could earn an investment bonus of $500–$5,000.
Follow the simple steps below to sign up for an account:
- Open an M1 IRA account. First, you’ll need to open a retirement account in M1.
- Initiate your rollover. Then, you’ll have to move your money from your account provider to M1.
- Check delivery and deposit
- Prepare you M1 account for your rollover check
- Promotional Credits will be paid to eligible clients on January 31, 2025
- Bonus Tiers:
- $500 bonus: $100,000 – $249,999 Aggregate Rollover Amount
- $1,000 bonus: $250,000 – $499,999 Aggregate Rollover Amount
- $2,500 bonus: $500,000 – $999,999 Aggregate Rollover Amount
- $5,000 bonus: $1,000,000+ Aggregate Rollover Amount
(Expires 03/31/2024)
J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
M1 Finance (Up to $500 Cash) | WeBull (Free Stocks) |
M1 High Yield Savings Account
- *Offer currently unavailable*
- Earn 5.00% APY for M1 Plus Members with the M1 High Yield Savings Account
- FDIC-insured. Accounts are FDIC-insured up to $5 million.
- Save automatically. Contribute on a schedule so you’re always pushing toward long-term goals.
- Integrates with M1. It’s easier to see the big picture of your finances with more of your money in the same place.
(FDIC Insured)
Western Alliance Bank High-Yield Savings Premier (5.36% APY) | SoFi Checking & Savings ($325 Bonus + 4.60% APY) |
Upgrade Premier Savings ($200 Bonus + 5.21% APY) | Barclays Online Savings ($200 Bonus + 4.35% APY) |
RBMAX High Yield Savings (5.15% APY) | Customers Bank High Yield Savings (5.11% APY) |
Ponce Bank Money Market (5.24% APY) | Harborstone Credit Union Money Market (5.25% APY) |
CloudBank 24/7 High Yield Savings (5.26% APY) | CIT Bank Platinum Savings (5.05% APY) |
M1 Finance Up To $15,000 Bonus (Expired)
Get up to $15,000 to invest when you transfer a brokerage account to M1 by November 15, 2023.
How to earn bonus:
- During the Promotion Period, new and existing M1 customers that transfer a brokerage or retirement account to M1 can earn up to $15,000. 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 (see table below) will be paid to eligible clients on August 15, 2024.
- Bonus Tiers:
- $250 bonus: $100,000 – $249,999 Transfer
- $1,000 bonus: $250,000 – $499,999 Transfer
- $2,000 bonus: $500,000 – $999,999 Transfer
- $4,000 bonus: $1,000,000 – $1,999,999 Transfer
- $10,000 bonus: $2,000,000 – $4,999,999 Transfer
- $15,000 bonus: $5,000,000+ Transfer
(Expires 11/15/2023)
J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
M1 Finance (Up to $500 Cash) | WeBull (Free Stocks) |
M1 Finance Up To $1500 Bonus (Expired)
Earn up to $1,500 when you set up recurring deposits.
How to earn bonus:
- Set up recurring deposits to any of your M1 investment accounts by May 24, 2023 (feel free to split them up between your different accounts—brokerage accounts, retirement accounts and IRAs are all eligible).
- You can set whatever schedule you want: weekly, biweekly or monthly.
- If you complete at least 6 new monthly recurring deposits totaling at least $15,000 across your investment accounts, you’ll earn a bonus!
- Bonus Tiers:
- $100 bonus: Total Recurring Deposits to Investment Accounts through November 24 of $15,000 – $29,999
- $200 bonus: Total Recurring Deposits to Investment Accounts through November 24 of $30,000 – $59,999
- $500 bonus: Total Recurring Deposits to Investment Accounts through November 24 of $60,000 – $299,999
- $1500 bonus: Total Recurring Deposits to Investment Accounts through November 24 of $300,000+
(Expires 05/24/2023)
J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
M1 Finance (Up to $500 Cash) | WeBull (Free Stocks) |
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
How To Earn 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.
Earn 3.30% APY M1 Plus Spend Checking + 1% Cash Back (Expired)
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
Editor’s Note: M1 is no longer opening M1 Checking accounts. See FAQs.
U.S. Bank Smartly® Checking ($700 bonus) | Truist Checking ($400 bonus) |
BMO Smart Money Checking ($250 bonus) | BMO Smart Advantage Checking ($250 bonus) |
Bank of America ($200 bonus offer) | Chase Total Checking® ($300 bonus) |
Fifth Third Bank Momentum® Checking ($200 bonus) | SoFi Checking and Savings ($325 bonus) |
KeyBank Key Select Checking ($200 bonus + $100 Bonus) | KeyBank Key Smart Checking ($200 bonus) |
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!
For more bonus opportunities, see our list of the latest bank bonuses & credit card offers.
W W W says
Customer service delayed getting back for a week, several times when trying for last published offer. No thank you if that is what trying to open account timing what happens when account is there and taken for granted.
John Mccann says
ten dollars. wow.