Thank you for your Enrollment in M1 Plus. By enrolling in this annual membership program, you receive benefits across products and services available through the M1 platform. You also have placed a Reservation for the M1 Spend checking account and Visa™ Debit Card, with premium features offered to members of M1 Plus, which include earning interest on eligible balances and receiving cash back on eligible purchases using your M1 Spend VISA Debit Card. By making your Reservation, you have secured priority for delivery when the card and account comes available.
After successfully enrolling via M1’s website or mobile application and submitting your Payment, your effective Membership Date in M1 Plus will be the date we receive your Payment. Membership is for one calendar year and renews on the next Membership Date.
The Payment constitutes your annual membership in M1 Plus. Available Benefits start immediately. For Benefits included with your Reservation, we will notify you as they become available.
You agree to renew at the standard rate of $125 unless otherwise indicated by contacting our Client Success team at least 48 hours before your payment is scheduled to be processed. See below for more information on how to cancel your M1 Plus membership or please contact firstname.lastname@example.org.
Your M1 Plus Membership, Benefits, or Reservation are not transferable or assignable to another party without the prior written approval of M1.
You may request to cancel your M1 Plus Membership for full refund within thirty (30) days your initial Membership Date for a full refund of your Membership Fee. M1 Plus Benefits added to products and services offered through the M1 platform will be removed upon receipt of your cancellation request. To request cancellation, contact M1 by email at email@example.com or call us at: (312) 600-2883.
In exchange for providing you with the M1 Plus Membership, you agree to pay M1 the annual Membership Fee, as well as any applicable transaction, multi-currency and Chargeback fees, and incorporated herein by this reference. We reserve the right to revise our fees at any time, subject to a thirty (30) day notice period to you prior to the new fees taking effect. In the event that you have a good faith dispute as to the amounts due, you agree to pay the undisputed amounts.
Subject to the terms of this Agreement, M1 will send to your Bank Account all amounts due to you from your Transactions, minus any fees, Reversals, Invalidated Payments, Chargebacks, Refunds or other amounts that you owe to M1 Finance under this Agreement. Upon M1’s request, you agree to provide M1 with all necessary bank account routing and related information and grant M1 permission to debit amounts due from your Bank Account.
You are liable for all claims, expenses, fines and liability we incur arising out of:
- a Chargeback, Refund, over-payment, payment error, or other invalid payment you cause (collectively “Invalidated Payment”)
- any error, negligence, misconduct or fraud by you, your employees, or someone acting on your behalf; and
- any losses resulting from your failure to comply with the terms of this Agreement.
In the event of an Invalidated Payment or other liability, we may In the event of an Invalidated Payment or other liability, we may deduct amounts due to M1 from your M1 account balance(s).
Additional Important Information
M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Spend LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1” refers to M1 Holdings Inc., and its affiliates.
M1 does not provide investment advice, and this is not an offer or 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.
Brokerage products and services offered by M1 Finance LLC, an SEC registered broker-dealer and Member FINRA / SIPC. 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.
M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc.
M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa™ 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.
© Copyright 2020 M1 Holdings Inc.