Deal has ended, view more bank account bonuses by clicking here.
The Offer
- M1 Finance is offering a .5% bonus when you ACAT transfer your brokerage or IRA from an outside brokerage into M1.
Minimum $10,000 transfer required ($50 bonus). Max $25,000 bonus ($5M transfer).
The Fine Print
- Promotion Period: January 1, 2025 (12:00 AM EST) through January 31, 2025 (11:59 PM EST).
- During the Promotion Period, this promotional offer is valid for new and existing M1 customers who successfully complete and settle a Brokerage Account Transfer (“BAT”) of at least $10,000 in aggregate across your account(s) (“Transfer Account Value”) (together, the “Promotion”). The appropriate M1 account must successfully receive settled funds prior to expiry of the Promotion Period (e.g., IRA to IRA). Any unsuccessful BAT will be deemed ineligible (including but not limited to, any incorrect instructions, or unsettled funds). This offer is non-transferable, and not valid with any of the following: (i) internal transfers, (ii) ACH deposits (bank transfers), (iii) wire transfers, or (iv) direct 401(k), 403(b) and/or 457(b) rollovers.
- Cryptocurrency is not eligible for BAT. Additionally, any security transferred via BAT that is neither traded nor carried by M1 will be automatically liquidated upon receipt, including but not limited to Mutual Funds and Over-The-Counter securities. M1 reserves the right to automatically liquidate any securities without any notice.
- If you satisfy the aforementioned conditions, M1 will make a one-time deposit equal to 0.5% (one-half of one-percent) of the total aggregate Transfer Account Value successfully completed across your account(s) (“Promotional Payout”) not to exceed $25,000 (the “Payout Maximum”), into the cash balance of your M1 taxable investment account (the “Payment Account1”) within thirty (30) days of the Promotion Period expiry (the “Payout Date”). However, the Promotional Payout can only be deposited into your Payment Account, and the following accounts are ineligible to receive any Promotional Payout: any retirement (IRA, 401(k)), custodial or trust accounts. The “Transfer Account Value” is determined as the net accounts transfer value (defined below) of all holdings and cash transferred during this Promotion Period, in aggregate, on the day the transfer is successfully completed to the qualifying/matching account(s). Net accounts transfer value of securities is calculated utilizing the quantity of settled shares and the closing price on such share(s) settlement date. The Transfer Account Value must remain equal to, or greater than, the value after the net transfer was made (minus any losses due to trading, market volatility or margin debit balances) at time of the Payout Date in order to be eligible for the Promotional Payout. However, reallocation of any Transfer Account Value funds transferred for this Promotion either externally (e.g., another broker, or bank), or internally to any other M1 services (e.g., M1 High-Yield Savings Account, M1 Cash Account), prior to January 31, 2026 (e.g., 365 days after Promotion Period expiry) (the “Holding Period”) will disqualify you from the Promotion and any Promotional Payout will be returned back to M1 without any further notice to you (e.g., via liquidation, direct transfer, ACAT return, etc). Any transfer of the Promotional Payout back to M1 will be reflected on your then-applicable monthly statement for your Payment Account. The Promotion Payout 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. M1 Finance may charge the account for the cost of the offer at its sole discretion. M1 reserves the right to restrict or revoke this offer at any time without any notice. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
Our Verdict
Getting .5% on a brokerage is pretty good, though – for comparison sake – we’ve seen 1% with Robinhood and 2% with WeBull. Still, when compared to standard brokerage bonuses it’s better than most. Just note that it does have the longer one-year holding period.
You can see M1’s prior brokerage bonus (now expired) in this post.
