[Expired] M1 Finance: $500 Brokerage Bonus

Update 12/19/21: Deal has been extended until March 31, 2022 but doesn’t post until August 31, 2022. Hat tip to reader Trent.

The Offer

Direct link to offer

• M1 Finance is offering a tiered brokerage bonus of up to $500:
  • Deposit $1,000 – $4,999.99: $30 bonus
  • Deposit $5,000 – $9,999.99: $75 bonus
  • Deposit $10,000 – $29,999.99: $150 bonus
  • Deposit $30,000 – $49,999.99: $300 bonus
  • Deposit $50,000+: $500 bonus

The Fine Print

• Starting from November 1, 2021 through December 31, 2021 (the “Effective Date”), all new users who have never registered for an M1 user account and meet the eligibility requirements described below will be eligible to receive a one-time cash reward deposited into your newly opened M1 taxable invest account (the “Promotion”). As further described below, you will be eligible for this Promotion when you deposit, in aggregate, at least $1,000 via automated clearing house (“ACH”) deposits within the first fourteen (14) days of New User Sign-up Date. You can make these deposits on any day within the fourteen-day time frame, so long as the total aggregate deposited amount is at least $1,000.
• To be eligible for this Promotion, and during the Effective Date, you must (1) have never registered for an M1 user account; (2) have successfully opened an M1 investment account; (3) have not used a new account opening referral link to open an M1 account; AND (4) have made an aggregate deposit of at least $1,000 via ACH to an M1 taxable investment account within the first fourteen (14) days of New User Sign-up Date. “New User Sign-up Date” shall mean the first day you submit a valid email and password to create a user login at M1. If you satisfy the aforementioned conditions, M1 will make a one-time deposit into the cash balance of your M1 taxable investment account in accordance with Table 1 below (the following accounts are ineligible to receive any deposit: any retirement, custodial or trust).
• You are only eligible to receive one Promotional Credit1 under this Promotion. The applicable Promotional Credit will be deposited into your M1 investment account on January 31, 2022 (the “Pay-out Date”) provided that you satisfy the conditions stated herein. The Promotional Credit deposited by M1 is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. The total aggregate Deposited Value2 made to an M1 taxable investment account within the first fourteen days of New User Sign-up Date must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading, market volatility or margin debit balances) until the Pay-out Date. Reallocation of any funds transferred externally, or internally to any other M1 services (e.g., M1 Spend), prior to the Pay-out Date will disqualify you from this Promotion. M1 reserves the right to revoke the Promotional Credit cash deposit if the total aggregate transferred Deposited Value is not retained in your M1 taxable investment account until the Pay-out Date.

Our Verdict

Looks like you need to keep the account open and with funds in there until January 31, 2022. We’ve discussed M1 Finance before here. This is a great brokerage bonus due to the fact that the holding period is incredibly short.

Hat tip to icarus