M1 Finance Promotions: $500 Bonus for New Users

M1 Finance is offering new users a brokerage bonus of up to $500! This is a tiered bonus that’s based on the total deposit amount. Full details of the latest M1 Finance promotion below.

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About M1 Finance

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 Finance Promotions - Invest Smarter

M1 Finance Promotions

Here are all the available promotions for M1 Finance.

The best overall deal right now is the $500 tiered bonus for new users, but you should choose the offer that gives you the biggest bonus based on your personal situation.

Offer #1: M1 Finance New User Bonus (up to $500)

$500 Offer Link

Get up to $500 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.

Starting November 1, 2021 through December 31, 2021, all new users who have never registered for an M1 user 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
$1,000 – $4,999.99$30
$5,000 – $9,999.99$75
$10,000 – $29,999.99$150
$30,000 – $49,999.99$300
$50,000+$500
M1 Finance Tiered Bonus Offer

How To Get M1 Welcome Bonus

  1. Open a free M1 taxable account using this link for the $500 limited-time offer
  2. Make deposits of at least $1,000 or more within the first 14 days of account opening
  3. Receive a bonus between $30 to $500 depending on your total deposit amount
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Offer #2: M1 Finance Transfer Bonus (up to $2,500)

Transfer Link

Transfer your account and earn up to $2,500.

Earn big when you just take 4 minutes to set up your investment account transfer.

Transfer AmountYour Bonus
$100,000 – $249,999.99$250
$250,000 – $499,999.99$500
$500,000 – $999,999.99$1,000
$1,000.000+$2,500
M1 Finance Transfer Bonus Tiers

How To Get M1 Transfer Bonus

  1. Open your M1 account that matches the account type you’re transferring using this link
  2. Upload your documents securely through M1’s encrypted form. It only takes 4 minutes.
  3. Complete steps 1 & 2 and let M1’s team take care of the rest

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

Offer #3: M1 Finance Referral Program ($10 to $50)

Referral Program

Refer a friend to M1 Finance and earn up to $50 for every friend that signs up and funds their portfolio.

You’ve found something you love, now it’s time to share. Refer a friend to M1 Finance and get a bonus up to $50.

How To Get M1 Referral Bonus

  1. Open your M1 Finance 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 Finance account

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

The Bottom Line

For most people, the $500 new user bonus is probably the best option. The tiered bonus offer is great compared to similar bonuses from other brokerages in that the required deposit amount to get the highest bonus is “relatively” small.

You get $500 for depositing $50,000 if you max out this deal, which is already a 1% return on your money. That’s better than the interest earned at most banks for an entire year. Other brokerages are requiring $100,000 or $200,000 to get the same bonus amount.

I also really like M1’s value proposition as most investment platforms that offer robo-advisor services charge a fee for this feature – Wealthfront charges 0.25% of the account balance for example. Although to be fair, you’ll get a lot of guidance and assistance with that fee.

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

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