M1 Promotions: $10 Referral Bonus + $10,000 Transfer Offer

Get a $10 referral bonus when you open an M1 account and deposit $100. Or, earn up to a $500 sign-up bonus if you can make higher qualifying deposits.

Have assets to transfer over? Get up to an additional $10,000 to move your funds over to M1.

Full details of the latest M1 promotions, referral bonuses, and transfer offers below.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

About M1 Finance

M1 (formerly M1 Finance) is a free investing app offering a unique platform that combines aspects of both self-directed trading and robo-advisor.

It allows hands-on investors the opportunity to pick individual assets to create their own investment portfolio. For hands-off investors, M1 provides automated investing based on their goals. The app also offers features like digital banking, margin lending, and fractional shares.

M1 Promotions

Here are all the available promotions for M1. The best overall deal right now for new users is the $10 bonus because it’s simple and easy. There’s also a transfer promo that gives you up to $10,000 depending on how much assets you can transfer over.

Offer #1: M1 $10 Referral Bonus

Get $10 (sometimes up to $50) when you open a M1 Invest account and deposit at least $100 within 30 days.

How To Get $10 Referral Bonus

  1. Open a free M1 Invest account using this link for the $10 sign-up bonus offer.
  2. Make an initial deposit of at least $100 within 30 days of account opening.
  3. Receive a $10 bonus within 14 days of completing the deposit requirements.
M1 Finance Promotions - Invest Smarter
(Image from M1)

Offer #2: M1 Sign-Up Bonus (Up to $500)

Earn up to $500 when you open a M1 Brokerage Account and make qualifying deposits within two weeks of opening your new account.

Transfer AmountYour Bonus
$50,000 – $29,999.99$75
$30,000 – $49,999.99$150
$50,000 – $99,999.99$250
M1 Finance Transfer Bonus Tiers

How To Get $500 Sign-Up Bonus:

  1. Open a free M1 Brokerage Account using this link.
  2. Make one or more deposits that, in aggregate, total at least $10,000 within 14 days of sign-up date.
  3. Receive a bonus of up to $500 within 180 days of account opening.

Offer #3: M1 Transfer Bonus (up to $10,000)

Transfer your brokerage account to M1 and earn up to a $10,000 bonus. This is available for new and existing customers. Offer ends February 28, 2023.

Transfer AmountYour Bonus
$50,000 – $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
M1 Finance Transfer Bonus Tiers

How To Get M1 Transfer Bonus

  1. Get a copy of your recent account statement from your current brokerage.
  2. Open an M1 account that matches the account type you’re transferring using this link.
  3. Submit a transfer request securely with M1’s encrypted form to initiate the transfer.
  4. Receive a transfer bonus of up to $10,000 into your M1 account on December 5, 2023.

This promotion is independent from the M1 referral bonus so you can do both, but you can’t combine this offer with any other ACATS transfer promotion available during the same time period.

Offer #4: M1 Crypto

M1 Crypto is the newest account offered by M1. With M1 Crypto, investors can build their crypto portfolio using custom-built and pre-built M1 Expert Crypto Pies.

Crypto accounts will come with all the automation M1 brokerage accounts offer including – auto investing, dynamic rebalancing, investing schedules. Crypto assets will be held in a separate custodial wallet powered by Apex Crypto. 

Investing in cryptocurrency comes with significant risk and may not be suitable for everyone. Based on your specific situation and financial condition, carefully consider whether investing in cryptocurrencies is suitable for you. For relevant disclosures and risks, visit m1.com/crypto-disclosures.

M1 Digital LLC is a wholly separate affiliate of M1 Finance LLC, and neither are involved with the execution or custody of cryptocurrencies. Cryptocurrencies are not FDIC or SIPC insured.

Offer #5: M1 Referral Program (up to $10)

Refer a friend to M1 and earn up to $10 for every friend that signs up and funds their portfolio.

How To Get M1 Referral Bonus

  1. Open your M1 Dashboard (mobile app) or click on your name (website).
  2. Click on the ‘Refer & Earn‘ link (link will only show if your account is funded).
  3. Enroll in the referral and choose where you want to receive your referral bonuses.
  4. Receive a referral bonus every time a friend signs up and funds their M1 account.

Referral bonuses will be deposited in your selected M1 account within 14 days of your referral completing the requirements.

Previous Promotions

The following offers listed below are promotions that have since expired. It’s listed here for reference purposes only.

Previous Offer #1: M1 Finance New User Bonus (up to $250)

Get up to $250 in your new M1 Invest account. Sign up, make a deposit within 14 days, and get a cash reward as a welcome gift to you.

From April 1, 2022 through May 15, 2022, all new users who have never registered for an M1 account will be eligible to receive a one-time cash reward deposited into their newly opened M1 investing account.

M1 Finance will count the total deposits that occur within the first 14 days of the new user sign-up date to determine the bonus you’ll get. Deposits must be made in cash via an ACH deposit (bank transfer).

Deposit AmountYour Bonus
$5,000 – $9,999.99$25
$10,000 – $29,999.99$50
$30,000 – $49,999.99$150
$50,000 – $99,999.99$250
M1 Finance Tiered Bonus Offer

How To Get M1 Welcome Bonus

  1. Open a free M1 Invest account using this link for the $500 bonus offer.
  2. Make an initial deposit of at least $100 during account opening.
  3. Make deposits totaling $1,000 or more within the first 14 days of account opening.
  4. Get a bonus between $30 to $500 on November 15, 2022 depending on your total deposit amount.

The Bottom Line

The $10 referral bonus is straight-forward and easy to do while the tiered sign-up bonus is better if you have more money available to deposit.

I’d imagine that the transfer offer won’t be as popular due to the high amounts of assets required. I also don’t think it’s worth taking part in. It amounts to a 0.004% bonus when you take in account the lowest minimum transfer for each bonus tier and the six-month holding period.

As for the M1 platform itself, I do like their value proposition. Other companies that offer robo-advisor services charge a fee for this feature. For example, Wealthfront charges 0.25% of the account balance. To be fair, you get a lot of guidance and assistance with that fee.

I’ll include this M1 promotion in the list of the best bank bonuses.

1 thought on “M1 Promotions: $10 Referral Bonus + $10,000 Transfer Offer”

  1. Hello,

    Any deposit that is made in order to receive the referral bonus must be maintained at M1 for 30 days. The bonus will be deposited 7-14 business days after that requirement is met.


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