M1 Finance Promotions: $500 Sign-up Bonus

Get up to a $500 sign-up bonus when you open and fund a new M1 account with qualifying deposits of at least $10,000 within 14 days of account opening.

Have assets to transfer over? Get up to an additional $20,000 bonus to move your funds over to M1 Finance. Existing M1 users can also invite friends to join the platform and earn $75 for every successful referral.

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, U.S. Bank, 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

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

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

Offer #1: 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. Offer ends December 31, 2024.

Deposit AmountYour Bonus
$10,000 – $29,999.99$75
$30,000 – $49,999.99$150
$50,000 – $99,999.99$250
M1 Deposit 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.
M1 Finance Promotions - Invest Smarter
(Image from M1)

Offer #2: M1 $75 Referral Bonus

Get a $75 cash bonus when you open a new M1 account using a friend’s referral link, deposit at least $10,000 within 30 days of account opening, and maintain the balance for a minimum of 30 calendar days. The bonus will be deposited into your M1 account within 14 days of completing the offer requirements.

This promotion offered a bonus as high as $250 (available towards the end of 2023 until February 2024) and as low as $50 (in 2022), so the current version is decent – not the worst, but not the best either.

Ninja Note: There’s no mention of the $75 bonus on the landing page, but M1 has assured me that you’ll receive it as long as you follow the instructions above. However, this offer for new members is superior for most people.

Note that you need to open a taxable M1 brokerage account to be eligible for the bonus. Tax-advantaged accounts like an IRA or Roth IRA aren’t eligible for the bonus (M1 can’t put bonuses in these types of accounts). See the terms and conditions of this offer for more information.

Offer #3: M1 Refer-A-Friend Program – $75 Cash Bonus

Refer a friend to M1 and earn a $75 cash bonus for every friend that signs up and funds their portfolio with at least $10,000. Your friend will also get $100 in cash.

Inviting Friends – Step-by-Step Directions:

  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 potential bonuses.
  4. Receive a bonus every time a friend opens an M1 account, funds it with at least $10,000 and maintains the balance for 30 days.

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

Previous Promotions

Previous Offer #1: M1 Transfer Offer (up to $20,000)

Transfer your brokerage account within 30 days of opening an M1 account and earn up to a $20,000 bonus. This is available for new and existing customers. Offer ended on March 31, 2024.

Transfer AmountYour Bonus
$100,000 – $249,999$250
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 – $1,999,999$4,000
$2,000.000 – $4,999,999$10,000
$5,000,000 – $6,999,999$15,000
M1 ACAT Transfer Bonus Tiers

Step-by-Step Directions to receive Transfer Bonus:

  1. Once you have an account, start the transfer process using this link.
  2. Choose the type of account you want to transfer.
  3. Select your brokerage that you’re transferring from.
  4. Enter your brokerage account details and M1 will take care of the rest.
  5. Receive a transfer bonus of up to $20,000 into your M1 account on December 5, 2024.

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.

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

Previous Offer #2: M1 Retirement Rollover Offer (up to $5,000)

Roll over your retirement plan (401k, 403b, or another employer-sponsored retirement plan) to M1 and earn up to a $5,000 bonus. This is available for new and existing customers. Offer ended on February 28, 2024.

Transfer AmountYour Bonus
$100,000 – $249,999.99$500
$2500,000 – $499,999.99$1,000
$500,000 – $999,999.99$2,500
M1 Rollover Bonus Tiers
  1. Open an M1 IRA account and start the rollover process.
  2. Initiate the rollover by contacting your current plan provider.
  3. Instruct them to send funds and/or make a check payable to: Apex Clearing FBO – [YOUR NAME + YOUR M1 IRA ACCOUNT #]
  4. Request that it be guaranteed mail and have it sent to: Apex Clearing c/o BPO, 350 North St. Paul Street #1300, Dallas, TX 75201
  5. Funds should arrive in your M1 account in one to two weeks.
  6. Receive a one-time rollover bonus of up to $5,000 into your M1 account on January 31, 2025.

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

Previous Offer #3: 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

The Bottom Line

The $100 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 Finance 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 Finance promotion in the list of the best bank bonuses.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

Notify of
Oldest Most Voted
Inline Feedbacks
View all comments
8 days ago

A $500 bonus for tying up $100,000 for six months doesn’t sound wonderful to me. That’s 1/2 of 1% for six months or 1% on an annualized basis … right? I’d rather do a bunch of regular bank bonuses, but whatever floats your boat I guess.

6 months ago

The $500 bonus links to the 15k bonus.

6 months ago

Can somebody explain me betterm
The referal bonus?

SO if i Open account using the link
And fund My account both get $100?

Delaware Ken
Delaware Ken
1 year ago

They offered me via email up to $15K.
I’m going for the $1K bonus for $250K acct. xfer.

1 year ago

Hello John,

I am not able to find detailed terms and conditions or expiry date for offer #1. Link here – themoneyninja.com/go/m1-referral/

I can see M1 page says $100 bonus. But I did not find this offer on any other websites or blogs. Is this genuine and still open?

1 year ago


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.