Headshot of Ryan C.

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.

A CHECKING ACCOUNT DESIGNED FOR YOU

With M1 Spend, you can integrate your investments, your portfolio line of credit, and your checking account. Check out how M1 Spend, with or without M1 Plus, compares with big banks.


M1 Logo
M1 Plus

Big banks
(like Chase Total Checking®)

CASH BACK

CASH BACK
M1 Logo

0%

M1 Plus

1%

Big banks
(like Chase Total Checking®)

0%

APY

APY
M1 Logo

0%

M1 Plus

1%

Big banks
(like Chase Total Checking®)

0%

Balance minimum

Balance minimum
M1 Logo

$0

M1 Plus

$0

Big banks
(like Chase Total Checking®)

$1,500 OR deposit $500/month OR have average of $5,000 in a combination of Chase accounts (to avoid annual fee)

ATM fees

ATM fees
M1 Logo

1 reimbursement/month

M1 Plus

4 reimbursements/month

Big banks
(like Chase Total Checking®)

Fees for non-Chase ATMs apply

International fees

International fees
M1 Logo

0.8 – 1%

M1 Plus

All reimbursed

Big banks
(like Chase Total Checking®)

3%

FDIC insurance up to $250,000

FDIC insurance up to $250,000
M1 Logo

Yes

M1 Plus

Yes

Big banks
(like Chase Total Checking®)

Yes

Annual fee

Annual fee
M1 Logo

$0

M1 Plus

$125/year

Big banks
(like Chase Total Checking®)

$0-$144

Send Checks

Send Checks
M1 Logo

No

M1 Plus

Yes

Big banks
(like Chase Total Checking®)

Yes

Early Direct Deposit

Early Direct Deposit
M1 Logo

Yes

M1 Plus

Yes

Big banks
(like Chase Total Checking®)

No


M1 rates are current as of March, 2021. Competitor information obtained March 22, 2021 from Chase website.

YOUR MONEY HARD AT WORK

Adding M1 Spend to your toolkit helps you get the most out of your money—while keeping things simple. Pay with debit, credit, or both. 


PAY WITH DEBIT

THE M1 SPEND VISA® DEBIT CARD

The best of digital banking. Better with M1 Plus.


TRANSFER MONEY AND DIRECT DEPOSIT

Consolidate your accounts and use M1 for all your money needs: move money between Invest, Borrow, and Spend easily. 


GET YOUR PAYCHECK EARLY

You can get your paycheck up to two days early with direct deposit, giving you more time with your money.


SPEND WITH A DEBIT CARD

Use your M1 Spend Visa® debit card anywhere Visa® is accepted. Choose from five sleek designs with M1 Plus. 


GET 1% CASH BACK AND 1% APY    M1 Plus 

Earn 1% cash back info icon when you spend and 1% APY info icon when you don’t as an M1 Plus member.


SEND CHECKS TO ANYONE    M1 Plus 

Send physical checks without ever touching a pen. Fill in the details and we’ll mail a paper check.

The M1 Spend checking account comes in two tiers: Basic and M1 Plus.

The Owner's Rewards Card by M1 is a sleek, black metal credit card.

PAY WITH CREDIT

THE OWNER’S REWARDS CARD BY M1

Exclusive to M1 Plus.


UNIQUE REWARDS FOR INVESTORS

Earn 10%, 5%, or 2.5% cash back when you shop with certain brands you invest in. Get 1.5% on everything else. info icon


MORE OF YOUR MONEY IN ONE PLACE

With a credit card in the mix, the connections between your M1 accounts grow stronger, and you get a broader view of your full financial picture. 


TOTAL PEACE OF MIND 

Get Visa Signature® benefits including Visa Zero Liability®. Manage and freeze your card from your M1 account anytime. 


Learn more about credit →

Headshot of Alexander K.

I’m excited about having all my financial tools in one place. M1 is shaping up to be bigger than the sum of its parts.

– Alexander K.

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

M1 PLUS:
ADD MORE TO YOUR M1

Exclusive features and rewards that help you earn more, access more and receive more perks and discounts. 

Your first year is free (a $125 value). There’s no catch, and it only takes a moment to sign up. 


Icon of a hand holding a bill

2% LOANS THROUGH M1 BORROW

Get our lowest rate for M1 Borrow. info icon

Icon of a light bulb with arrows going around it

SMART TRANSFERS

Set up automated ‘if, then’ rules and optimize your money across M1.

Icon of building blocks

CUSTODIAL ACCOUNTS

Start building long-term wealth for the children in your life.

Icon of a sun with a dollar sign

TWO TRADE WINDOWS

Invest in the morning or the afternoon, or both when you have more than $25,000 equity in your portfolio.

Icon of a paper check

1% APY CHECKING info icon

Earn 33x the national average APY for a checking account. That means you’ll earn more in 2 weeks than you would in an entire year with a big bank.

Icon of a bill with arrows around it

1% CASH BACK

Earn 1% cash back on qualifying debit card purchases. info icon

Icon of a paper check inside an envelope

SEND CHECKS

Send physical checks without ever touching a pen.  

Icon of a credit card

NEW: CREDIT CARD REWARDS

Apply for a chance to earn 1.5%-10% cash back in credit card rewards. info icon


YOUR SPEND QUESTIONS, ANSWERED

There are no fees for minimum balances or ATM transaction fees. (The ATM itself will likely charge you a fee, but M1 Plus members will be reimbursed for fees charged by ATMs, up to four a month.) There are fees charged for using your debit card abroad, which you can find here.

Glad you ask. Get the big picture here.



TOTAL CONTROL, TOTAL AUTOMATION

For your wealth today and tomorrow.


M1 Finance App

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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.

M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Spend LLC.

All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using M1 Borrow’s margin account 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, or tax advisors.

Brokerage products and services are not FDIC insured, no bank guarantee, and may lose value. Brokerage products and services are offered by M1 Finance LLC, an SEC registered broker-dealer, Member FINRA / SIPC.

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

Credit Card not available for US Territory Residents. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

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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