M1 Finance promotions and referral codes are like free money!
And who doesn’t like free money?
Aside from being one of our favorite investment managers, M1 Finance is generous with referrals and promotions.
- 1. M1 Plus Sign up Promotion*
- 2. Transfer to M1 and Earn up to $2,500
- How to Transfer to M1 Finance
- 3. Borrow up to $5,000 with Zero Interest
- 4. M1 Referral – Give $30 and Get $30 NEW!
- About M1 Finance
- Compare M1 Finance With Investment Brokers
Learn about all the newest M1 Promotions right here!
- M1 Plus Free for a Year*
- Transfer Account to M1 and Earn up to $2,500
- M1 Borrow – Current LOW rates and zero interest promo
- M1 Finance Referral – Give $30 and Get $30
1. M1 Plus Sign up Promotion*
New customers receive M1 Plus FREE for one year. That’s a $125 free gift.
|Basic M1 Account||M1 Plus Account|
|Invest for FREE||Invest for FREE|
|Borrow at 3.5% – Access line of credit with just $5,000 invested.||Borrow at 2% – M1 Plus unlocks a 1.5% lower interest rate than standard base rate.|
|Free checking and debit card. (no cash back or interest paid).||Earn 1% cash back with debit card and 1% interest on cash balance.|
Benefits of M1 Plus:
- High yield checking account. Although annual percentage yield seems paltry now, it will increase, as interest rates rise!
- Lower interest rate on M1 Borrow.
- 1% cash back on M1 Plus Visa debit card.
- Second, afternoon trading window.
Promotion period: Ongoing
How to Sign up for M1 Plus Promotion
- Go to M1 Plus Screen
- Click Join M1 Plus – during your first 7 days an an M1 customer.
- Submit payment details and your one year free of M1 Plus membership will be activated.
- This promotion is for new members only.
2. Transfer to M1 and Earn up to $2,500
Transfer your account to M1 and earn up to $2,500. It only takes a few minutes for an account transfer.
You must initiate your direct broker transfer from another financial firm within 60 days of signing up for M1.
Benefits of M1
- Zero management fees for M1 basic. $125 per year for M1 Plus.
- Integrated and automated digital investment, borrowing, and banking services, allows you to put your money to optimal use.
- Over 6,000 investments
- Investment management
Get up to $2,500 when you Switch to M1 Finance
|Account Transfer Size||Your Bonus|
|$100,000 – $249,999.99||$250.00|
|$250,000 – $299,999.99||$500.00|
|$500,000 – $999,999.99||$1,000.00|
New Retirement Rollover Account Transfer Earns up to $2,500
(See chart above for promotion amount.)
Why roll over your old 401(k), 403(b) or IRA to M1 Finance?
- You can totally customize your investing with individual stocks and thousands of ETFs.
- You can invest in ready made portfolios that fit your risk level from conservative to aggressive.
- You can copy ready made hedge fund portfolios, retirement portfolios and other types of professionally crafted groups of investments.
- Your investments are rebalanced back to your preferred asset allocation, for free.
- M1 offers a low cost margin loan for unexpected expenses.
- You can streamline your banking with the M1 checking account and cash management services.
How to Transfer to M1 Finance
To receive the transfer bonus:
- Open an M1 account that matches the account type you’re transferring. If you’re transferring a retirement account, you’ll open a traditional or Roth IRA.
- Uploade your documents through their secure portal. It only takes 4 minutes.
- Make the transfer within 60 days of account opening, to receive bonus.
3. Borrow up to $5,000 with Zero Interest
Existing customers can borrow up to 35% of the account value. Zero interest payments during May and June, 2021.
The entire process can be completed in under a minute. And you can pay the loan back on your schedule.
Customers must have a minimum $5,000 account value to qualify for M1 Borrow.
Any amount borrowed above $5,000 will be charged the current low rates.
The typical M1 Borrow rates are insanely low:
- 2.0% borrow rates for M1 Plus clients.
- 3.5% borrow rates for all other M1 Plus clients.
*Rates current as of May 26, 2021
4. M1 Referral – Give $30 and Get $30 NEW!
This one’s for existing M1 customers. (Must have a non-retirement account to participate.)
Refer a friend to M1. After sign up you each get a $30 account credit.
How M1 Referral Works
- Open your Invest screen (mobile) or click on your name (web)
- Click on your name at the top right (web) or click on the silhouette in the app
- Click Refer & Earn (this will only be visible if your account is funded)
- Sign up and choose your Payment Account
- Share your unique referral link with friends
You can return to the referrals page after signing up to locate your unique referral link.
Not available with the invest $1,000 and receive $30 promotion.
About M1 Finance
One of the most comprehensive robo-advisor platforms to hit market, M1 Finance offers a unique twist to the fintech landscape – hundreds of investment options for free.
M1 Finance is a combination digital investment manager and stock and fund investing portal. M1 Finance rebalances your investments back to your preferred mix of stocks and exchange traded funds when you add or remove funds as well as on-demand. The pre-made investment portfolios are suitable for all sorts of investment strategies including retirement, income, socially responsible, and hedge fund investing. With borrowing and cash management, you could manage all of your financial needs from one firm.
No trading fees, and free rebalancing of your investments!
In fact, I have an account with M1 Finance!
What makes M1 Finance stand out in the robo-advising arena is its access to thousands of investments from exchange traded funds to individual stocks.
M1 Finance portfolios are easy to visualize as each investment is shown as a slice of pie. The whole M1 Finance pie represents your entire investment portfolio.
You can create your own portfolio, called M1 Finance Pies, selected from roughly 500 investments. Or, you can create several distinct portfolios or pies.
The M1 Finance robo-advisor also offers pre-made expert pies to choose from.
M1 also offers checking and borrowing.
Like all reputable financial firms, M1 is registered with the Financial Industry Regulatory Authority (FINRA), and has a clean BrokerCheck record.
No, M1 gives $10 when you refer a friend. M1 also offers free investment management and rebalancing along with free trading.
M1 Finance is legit. In fact, it’s one of the fastest growing investment managers around. In addition to free investment management, M1 doesn’t charge commissions or require a minimum amount to start investing.
Similar to a bank that offers free checking, M1 Finance makes money through other services like lending user-owned securities and cash held the investors account.
Loan and M1 Plus also make money for M1.
Compare M1 Finance With Investment Brokers
- M1 Finance Review
- M1 Finance vs Betterment
- Robinhood vs Acorns vs M1 Finance
- Wealthfront vs Acorns
- M1 Finance vs Robinhood
*All promotions are subject to change without notice.
*Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable.