Hello, M1 Spend

It’s a strange time to be releasing a new product, but we’re proud of this one. M1 Spend is out of beta. It’s now a full-fledged, ready-to-be-kicked-out-of-the-beta-nest product. We feel like proud parents whose kid just graduated from school.

What does “out of beta” mean? In addition to consolidating your day-to-day money management needs with your investing activities, it means all this:


1. You can sign up for M1 Spend now

Just log in to your M1 Invest account and click on Spend in the app or website. You’ll even get a sharp-looking new M1 Spend VISA® debit card in the mail shortly after that.


2. High-yield checking available

If you are an M1 Plus member, you can make 1% APY* on cash in Spend. That’s 100x better than many big banks.

The M1 Spend with M1 Plus APY is one of the highest digital checking rates around. You can make more at this rate in 4 days than many of the rates offered by big banks for a full year. See for yourself:

Don’t have M1 Plus? Sign up here.


3. Cash back available

You get 1% cash back on qualified purchases with Spend when you are an M1 Plus member. The more you use Spend as an M1 Plus member, the more cash you get back. Check out what that could add up to over a month and a year with common categories:


4. And an extra perk

This summer, we’re doubling the cash back for M1 Plus members to 2% cash back on qualified purchases for the months of June and July. (See offer details and limitations).

Thanks for learning about Spend and thanks for trusting us to help you manage and grow your money!



*No minimum balance to open account. No minimum balance to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary.

M1 Plus subscription lasts one year. At the end of the annual period, M1 will automatically renew your Plus subscription unless you cancel. By signing up, you agree to renew at the standard rate of $125 unless otherwise indicated.  

If you are approved for an M1 Plus Spend checking account, your membership will be activated immediately and you’ll see your member perks in your M1 app. If approved, you can request your debit card and start using M1 Spend.



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By using this website, you accept our  Terms of Use  and  Privacy Policy  and acknowledge receipt of all disclosures in our  Disclosure Library . All agreements are available in our  Agreement Library. M1 relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. M1 refers to M1 Holdings Inc., and its affiliates. M1 Holdings is a technology company offering a range of financial products and services through its wholly-owned, separate but affiliated operating subsidiaries, M1 Finance LLC and M1 Spend LLC.

Brokerage products and services offered by M1 Finance LLC, an SEC registered broker-dealer and Member  FINRA /  SIPC.

Brokerage products are: Not FDIC Insured • No Bank Guarantee • May Lose Value

All investing involves risk, including the risk of losing the money you invest, and past performance does not guarantee future performance. Borrowing on margin can add to these risks, and you should  learn more  before borrowing. Nothing in this informational site is an offer, solicitation of an offer, or advice to buy or sell any security and you are encouraged to consult your personal investment, legal, and tax advisors.

M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 VisaTM Debit Card is issued by Lincoln Savings Bank, Member FDIC.

No minimum balance to open account. No minimum balance to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
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