M1 Finance Promo Codes* | High Yield Cash, Huge Cash Back Credit Card

m1 finance promotions

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.

*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.

Learn about all the newest M1 Promotions right here!

  • M1 Plus Free for a three months*
  • M1 Borrow – Current LOW rates
  • M1 Spend – Pays high interest rates
  • M1 Finance Referral – Give $10 and Get $10
  • M1 Finance Owners Card – Up to 10% rewards

M1 Spend Interest Rate – 3.0% APY*

1. M1 Plus Sign up Promotion*

New customers receive M1 Plus FREE for three months.

Basic M1 AccountM1 Plus Account
Invest for FREEInvest for FREE
Borrow at 3.5% – Access line of credit with just $5,000 invested.Borrow at 5% – 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 M1 Spend Visa debit card and 1.30% interest on cash balance.*

Benefits of M1 Plus:

  • High yield checking account.
  • Lower interest rate on M1 Borrow.
  • 1% cash back on M1 Plus Visa debit card.
  • Second, afternoon trading window.

M1 Spend Interest Rate – 3.0% APY*

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 three month free trial of M1 Plus membership will be activated.
  • This promotion is for new members only.

2. 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
  • Banking
  • Lending
  • Investment management

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

  1. 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.
  2. Upload your documents through their secure portal. It only takes 4 minutes.

3. M1 Borrow Offers Low Margin Rates*

No credit check and no fees to borrow against your M1 account. Once you have at least $2,000 invested, you can access a portfolio line of credit with low rates. You can borrow up to 40% of the value of your account. You can use the money for anything, investing, pay off debt or anything you’d like.

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 $2,000 account value to qualify for M1 Borrow. (Not available for custodial, retirement or trust accounts).

Current M1 Borrow interest rates are 5.75% for M1 Plus clients and 7.25% for M1 Basic customers.

4. M1 Referral – Give $10 and Get $10

Refer a friend to M1. This one’s for existing M1 customers who have funded their account with $100 for taxable accounts and $500 for a retirement account.

Once you’ve signed up and funded your account, share your referral link with as many friends as you’d like. Once you each fund your accounts, you’ll each get a $10 account credit.

How M1 Referral Works

  • Open your Invest screen on your mobile or click on your name on the web platform
  • At the top right hand corner click on the silhouette on the app or your name on the web
  • Click “Refer & Earn” (this will be visible only if your account is funded)
  • Sign up and choose your Payment Account, which is an individual or joint brokerage, not retirement account
  • Share your unique referral link with a friend

5. Owner’s Reward Card – Fee Waiver with M1+

M1 Owner’s Reward Card is a unique Visa credit card for investors. Your rewards can be set up to automatically transfer into your investment account to speed up your wealth building. When you spend with 70+ of the biggest brands like Amazon, Target, Home Depot, Starbucks, airlines, restaurants, fuel companies and more you receive between 2.5% and 10% rewards back.

The M1 Owners Visa also offers users advanced security features.

The annual fee is $95 but with M1+ the fee is waived.

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 M1 Borrow, M1 Spend cash management and the M1 Owner’s Reward Credit Card, 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 1000’s 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.


Does M1 Finance give free stock?

No, M1 gives $10 when you refer a friend. M1 also offers free investment management and rebalancing along with free trading.

Is M1 Finance legit?

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.

How does M1 make money?

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.
Borrow, Owners Reward Card and M1 Plus also make money for M1.

*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

M1 Borrow disclosure – M1 Borrow available on margin accounts with a balance of at least $2,000. Not available for retirement and custodial accounts. Rates may vary.

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