M1 Finance Promotions: Current Referral and Transfer Bonus

m1 finance promo offers
Some of the links on our website are sponsored, and we may earn money when you make a purchase or sign-up after clicking. Learn more about how we make money.

There are multiple M1 Finance promotions available:

  • New customer bonus: A deposit bonus valued between $75 and $500. The minimum deposit required for this promotion is $10,000. 
  • Transfer Bonus. Earn up to $15,000 for transferring over $100,000 to M1.
  • Referral bonus: A referral bonus that pays you $100 when you deposit $5,000.

M1 New Customer Bonus: Up to $500

New M1 Finance users can earn up to $500 for qualifying deposits within 14 days of opening an M1 brokerage account. Retirement accounts are not eligible for this promotion. 

Bonus amounts are based on the total amount deposited within 14 days after opening an account.

Deposit AmountBonus Value
$10,000 – $29,999$75
$30,000 – $49,999$150
$50,000 – $99,999$250
$100,000 or more$500

You must maintain the balance of your initial deposit within your M1 Invest account until the bonus has been paid out (declines in share price do not count against you). 

Payouts for this bonus are made to your M1 Invest account on the last day of the sixth month after signing up. So if you sign up in January, your bonus will be paid on July 31st.

Get the M1 Finance new customer bonus with this link.

M1 Transfer Bonus: Up to $15,000

New and existing M1 Finance customers can earn up to $15,000 for transferring over $100,000 or more to an eligible M1 brokerage account via ACATS between August 15, 2023 and November 15, 2023.

Bonuses will be paid out on August 15, 2024 based on the total aggregate transfer amount:

  • $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
  • $5,000,000+ = $15,000

The transferred funds must remain in the account until bonuses are paid out.

M1 Referral Bonus of $100

M1 allows existing users to refer friends and family. Both parties will earn $100 once a deposit of $5,000 has been made into a new M1 Invest account. 

Brokerage and retirement accounts are both eligible for this referral bonus.

The referral bonus payment is issued 30 days after qualifying funds have been deposited. 

You must use a referral link — such as our M1 Finance $100 referral link — to qualify. 

This promotion cannot be combined with any other new customer deposit bonuses. 

M1 Finance Overview

M1 offers investors a unique and customizable approach to portfolio building. The platform uses “Pies,” which allow you to create and manage investment portfolios that reflect your unique investment goals and preferences. You can select from pre-built portfolios or create custom portfolios using the platform’s intuitive drag-and-drop interface. 

At The Ways To Wealth, we like M1 Finance because it offers investors:

  • A simple, streamlined approach to portfolio management that is both effective and affordable.
  • A variety of investment options, including individual stocks, ETFs, crypto and professionally managed portfolios, similar to what robo-advisors have to offer. 
  • No commissions and low minimums ($100 to invest/$500 for an IRA), making it accessible to investors of all levels.

M1 Finance offers three types of investment accounts: individual brokerage accounts, joint brokerage accounts, and retirement accounts. Individual and joint brokerage accounts offer investors the flexibility to invest in a wide range of stocks, crypto, ETFs, and professionally managed portfolios. Retirement accounts include traditional IRAs, Roth IRAs and SEP IRAs.

Read our M1 Finance Review to learn more.

M1 Finance Promotions FAQ

What happens if the value of your M1 Invest account declines after you deposit the funds?

The value of your M1 Invest account can decline after you deposit funds, but this does not affect your eligibility for the bonus — as long as you maintain your initial deposit balance until the bonus is paid out.

What happens if you withdraw funds from your M1 Invest account before the bonus payout date?

If you withdraw funds from your M1 Invest account before the bonus payout date, you are no longer qualified for the bonus. 

Can you use multiple M1 Finance promotions at the same time?

No. According to the terms and conditions listed on the M1 Finance website, their promotions cannot be combined, so you cannot use multiple M1 Finance promotions simultaneously.

Are there any fees associated with M1 Finance promotions or M1 Invest accounts?

There are no fees associated with M1 Finance promotions or M1 Invest accounts. However, your existing brokerage might charge you a transfer or account closure fee. 

Can you transfer funds into an M1 Save account from another M1 Finance account and still qualify for the transfer bonus?

No, only external transfers qualify. 

Are there any limits on the number of referrals you can make?

There’s no limit on M1 referral bonuses.

Comparing M1 Promotional Offers

M1 has consistently appeared on our top cash brokerage offers page with various bonuses over the years. 

The potential to earn $500 is up there with the best offers right now.

For reference, Public currently offers a $10,000 transfer bonus, but it requires $1 million.

TradeStation offers one of the more generous bonuses with a low requirement. The current TradeStation bonus allows you to get $150 for transferring $500. 

Most of the apps M1 Finance is compared to — such as Robinhood and Webull — offer free stock instead of a cash bonus. 

M1 Finance Promotions: Final Verdict

M1 is one of our favorite brokerages thanks to its low fees and automated portfolios that make diversification easy for beginning investors. You can read our M1 Finance review to learn more. 

Their various offers qualify them as one of the best brokerage offers available

Here are the respective links for the promotions:

R.J. Weiss
R.J. Weiss, founder of The Ways To Wealth, has been a CERTIFIED FINANCIAL PLANNER™ since 2010. Holding a B.A. in finance and having completed the CFP® certification curriculum at The American College, R.J. combines formal education with a deep commitment to providing unbiased financial insights. Recognized as a trusted authority in the financial realm, his expertise is highlighted in major publications like Business Insider, New York Times, and Forbes.

    Leave a reply

    Your email address will not be published. Required fields are marked *

    Read our comment policy.