Get up to a $75 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 Bank, SoFi, KeyBank, BMO and Axos Bank.
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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 $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.
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.
This promotion offered a bonus as high as $250 (available in Q4 2023) and as low as $50 (in 2022), so the current version is decent – not the worst, but not the best either.
Offer #2: 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:
- Open your M1 Dashboard (mobile app) or click on your name (website).
- Click on the ‘Refer & Earn‘ link (link will only show if your account is funded).
- Enroll in the referral and choose where you want to receive your potential bonuses.
- 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 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 July 15, 2024.
| Deposit Amount | Your Bonus |
| $10,000 – $29,999.99 | $75 |
| $30,000 – $49,999.99 | $150 |
| $50,000 – $99,999.99 | $250 |
| $100,000+ | $500 |
How To Get $500 Sign-Up Bonus:
- Open a free M1 Brokerage Account using
this link. - Make one or more deposits that, in aggregate, total at least $10,000 within 14 days of sign-up date.
- Receive a bonus of up to $500 within 180 days of account opening.
Previous Offer #2: 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 Amount | Your 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 |
| $7,000,000+ | $20,000 |
Step-by-Step Directions to receive Transfer Bonus:
- Once you have an account, start the transfer process using
this link. - Choose the type of account you want to transfer.
- Select your brokerage that you’re transferring from.
- Enter your brokerage account details and M1 will take care of the rest.
- 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 #3: 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 Amount | Your Bonus |
| $100,000 – $249,999.99 | $500 |
| $2500,000 – $499,999.99 | $1,000 |
| $500,000 – $999,999.99 | $2,500 |
| $1,000,000+ | $5,000 |
- Open an M1 IRA account and start the rollover process.
- Initiate the rollover by contacting your current plan provider.
- Instruct them to send funds and/or make a check payable to: Apex Clearing FBO – [YOUR NAME + YOUR M1 IRA ACCOUNT #]
- 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
- Funds should arrive in your M1 account in one to two weeks.
- 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 #4: 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 Amount | Your 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 |
The Bottom Line
The $75 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 deposit promotion won’t be as popular due to the high amounts of assets required. At the lowest tier, getting $75 for depositing $10,000 amount to a 0.0075% bonus.
As for the M1 platform itself, I do like their value proposition of providing users a self-directed brokerage account with features like automated rebalancing and other automation services. Other competitors, like Wealthfront for example, packages this into their robo-advisor service and charges 0.25% for it (though to be fair, you get a lot of guidance and assistance from Wealthfront with that fee).
I’ll include this M1 promotion in the list of the best bank bonuses.
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.
Your calculation is right, but keep in mind it’s not only the bonus as you can put it in their HYSA 5% savings account for a 6% annualized return. I think that’s pretty decent – not the same level as the Capital One 360 promotion ($1,500 bonus + 4.25%), but many of us have already burned through that.
The $500 bonus links to the 15k bonus.
Thanks Yana! I contacted M1 and have replaced it with the correct link. You should be all set now.
Can somebody explain me betterm
The referal bonus?
SO if i Open account using the link
And fund My account both get $100?
That’s correct, Eric. Instead of opening an account directly, when you use someone’s link, both you and the other person gets a bonus so it’s a win-win for both parties.
They offered me via email up to $15K.
I’m going for the $1K bonus for $250K acct. xfer.
Were there any other tiers higher than the higher public bonus tier of $500 but less than the $1,000 you mentioned in your targeted offer?
If you have $250k in assets available, I’d also take a look at the Chase Private Client bonus. You’d get $2,500 for $250k.
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?
Hi there – I’m confirming this offer is valid through 12/31/23. I’ll add more details to that section and include the link to the full offer terms and conditions to make it more clear. Let me know if you have any questions. Thanks for visiting my site!
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.