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Smart cash management

Get the best of digital banking that integrates with your investments.

An FDIC-insured checking account integrated directly into the M1 app

Replace your checking account and use M1 for all your money needs.

Icon of bank

Direct deposit

Icon of debit card

Transfer money

Icon of debit card

Spend with a debit card

Get a debit card with rewards
when you upgrade to M1 Plus



25x national average APY for a checking account


cash back on all debit card purchases, no limits

M1 phone application screen for spend feature

Your smart cash management account that does it all

M1 spend debit cards

The best of digital banking

M1 Spend integrates directly with the rest of M1, making money movements among your investments, your portfolio line of credit, and your checking account instant and seamless.

Plus, check out how the two tiers of M1 Spend compare with other banks:

Traditional Banks
Like Chase Total Checking®
Annual fee$0$125$144
Cash back0%1.0%0%
Debit cardPlasticTungsten metalPlastic
ATM fees covered?3once per month4 times per monthVaries
Balance minimum (to avoid monthly fees)$0$0$1,500
Integration with investment accountYesYesVaries
FDIC insurance up to $250,000YesYesYes
1. 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.
2. Rate was obtained on Sept. 24, 2019 from
3. ATM fees are reimbursed for one ATM per month with M1 Standard account or four times per month with M1 Plus membership.

Earn more when you upgrade to M1 Plus

Is the $125 you’ll pay for M1 Plus worth it? Let’s do the math…

With an account balance of: $15,000
With a monthly spend of: $1,000

You'll earn a total of...

$225.00 in interest

$120.00 in cash back

(-$125 enrollment fee)
Yearly net benefit:

For illustrative purposes only.

Your banking funds are held by Lincoln Savings Bank, Member FDIC. Deposits are insured up to $250,000.

“M1 basically allows me to be my own bank. That’s super powerful for when I want to flex how I use my money.”

Ryan C., UT

"M1 makes you feel empowered and knowledgeable about where your money is going."

Brenda O., TX

“I am excited for the prospect of having all my financial tools in one place.”

Alexander K., IA

May not be representative of the experience of other customers. Not a guarantee of future performance or success.

Total control, total freedom. Be invested.

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Check the background of M1 Finance LLC on FINRA's BrokerCheck

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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