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 Sign up Promo – Free for a three months*
  • M1 Finance $500 bonus for new investment accounts
  • M1 $100 Referral Bonus – when you refer a friend
  • M1 ACAT (external account transfer) Bonus – up to $15,000
  • M1 Finance Owners Card – Up to 10% cash-back rewards

M1 High Yield Interest Rate – 5.0% 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 at low rates – Access line of credit with just $2,000 invested.Borrow at low rates – M1 Plus unlocks a lower interest rate than standard base rate.
Free checking and debit card. (no cash back or interest paid).Earn up to 10% cash back -with select merchants – with M1 Spend Visa debit card and high interest on cash balance.*

Benefits of M1 Plus:

  • High yield checking account.
  • Lower interest rate on M1 Borrow.
  • Up to 10% cash back on M1 Plus Visa debit card (with select merchants).
  • Second, afternoon trading window.

M1 High Yield Interest Rate – 5.0% 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.

Annual Fee for M1 Plus (after 3 months free) – $95 per year

M1 Finance

Benefits of M1

  • Zero management fees for M1 basic. $95 per year for M1 Plus (with 3 months free promo).
  • Integrated and automated digital investment, borrowing, and banking services, allows you to put your money to optimal use.
  • Over 6,000 investments including stocks, ETFs, customized portfolios and crypto.
  • Banking
  • Lending
  • Investment management

2. M1 $500 Bonus

Eligibility Requirements:

All new users, who have never registered for an M1 user account before – and meet the eligibility requirements – will be eligible to receive a one-time cash reward, deposited in your newly opened M1 taxable investment account.

  • Never previously registered for an M1 user account
  • Have successfully opened an M1 investment account
  • Have not used any other referral or bonus links to open the account
  • Have made the required deposit value into and M1 taxable investment account within the first 14 calendar days of new New User Sign-up Date
  • Have made the deposit through an ACH cash transfer deposit.

Get up to $500 in your new brokerage account when you sign up and make a deposit within 14 days of opening your new M1 Brokerage Account. Promotional terms and conditions apply.

Deposited ValuePromotional Credit
$10,000 – $29,999.99$75
$30,000 – $49,999.99$150
$50,000 – $99,999.99$250

Offer is valid until December 31, 2023.

3. M1 $100 Referral Bonus – Refer a Friend

Savings Account Bonus – Free 6 Months of M1 Plus

M1 High Yield Interest Rate – 5.0% APY*

How to Get the Savings Account Referral Bonus

  • You must have a funded M1 Account
  • Send your unique referral code to a friend who is not an M1 customer
  • Your friend must use your unique referral code to sign up for an M1 Spend High Yield Account
  • After your friend is approved and funds the account with more than $100, you get FREE 6 months of M1 Plus membership.

M1 Invest Referral Bonus – Applies to Investment and Retirement Accounts

How to Get the Investment Account Bonus

  • You must have a funded M1 Invest account.  
  • You must send your unique referral code to a friend who is not currently an M1 customer.  
  • Your friend must use your unique referral code to sign up for a new M1 invest or retirement account.  
  • Your friend must be approved to open an M1 invest or retirement account.  
  • After your friend opens the account and is approved, you’re eligible for one or both of the following bonuses:
  • Bonus #1: Free 6 months of M1 Plus
    – If your friend funds their account with at least $100 within 30 calendar days from New User Sign-up Date, or $500 for a retirement account, then you will receive 6 months of M1 Plus for free (up to a $60 value). 
  • Bonus #2: $100 into your invest account  – for you and your friend
    – If your friend deposits at least the Account Opening Minimum Amount2 into an invest or a retirement account within 30 calendar days of New User Sign-up Date, then you’ll both receive $100. 
  • Your friend must maintain their initial deposit amount in their account for 30 calendar days. 

Offer is valid until December 31, 2023.

M1 Finance

4. M1 Sign up $15,000 ACAT Bonus – for external account transfer

To earn the ACAT bonus, new and existing M1 customers need to transfer a brokerage or retirement account to M1.

How to Get the ACAT Account Transfer Bonus:

  • Obtain a statement from your brokerage account.
  • Make sure that you have an account open at M1 that matches the account type you’re transferring to. For example, you might transfer an IRA at another brokerage to an M1 IRA account.
  • Submit a transfer request from another brokerage account, during the Promotional Period.
Transfer Account Value1 Promotional Credit2 
$100,000 – $249,999.99 $250 
$250,000 – $499,999.99 $1,000 
$500,000 – $999,999.99 $2,000 
$1,000,000 – $1,999,999.99 $4,000 
$2,000,000 – $4,999,999.99 $10,000 

Offer is valid until June 17, 2023

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.
M1 Finance

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 tiered cash back rewards include 10%, 5%, 2.5% and 1.5%, depending upon the merchant. The 5% cash back tier includes several gas brands, airlines, food, clothing brands and more.

The Owner’s Reward Card is available to all M1 Plus members.

The M1 Owners Visa also offers users advanced security features.

6. 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, fund and crypto 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.

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 range from 6.95% to 8.50% (rates are subject to change)


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.

Does M1 Finance have a promotion?

M1 Finance offers 3 months free access to M1 Plus to all new clients. Additionally, the company typically has a range of revolving promotions for friend referrals, account transfers and more. Read about the current M1 Finance Promotions.

What is the opening bonus for M1 Finance?

There are a variety of opening bonuses. The opening bonuses include $100 for you if you were referred by a friend. There are other bonuses for transferring an account to M1. Read about all of the current M1 Finance opening bonuses.

Does M1 Finance have a referral bonus?

Yes, the M1 Finance referral bonus is $100 for both you and your friend if you open an account and fund it within 30 days. You must meet the minimum funding amount. There’s also a referral bonus for opening a high yield M1 Spend account. Learn more about the M1 Referral bonus.

Why not to use M1 Finance?

Don’t use M1 Finance if you are an active or day trader. M1 is not suitable for investors seeking options, futures or technical trading strategies.

*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

Disclosure: I have an account with M1 Finance.

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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