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Miscellaneous Fees Disclosure

Invest for Free with M1

Unlike other investing platforms, you’ll never be charged commissions or markups on any trades, a platform usage fee, or to deposit or withdraw from your connected bank— because we believe your money should work harder for you.

Miscellaneous Fees

M1 doesn’t charge for normal platform use, meaning you’ll never pay for regular investing activities. But we also know some investors may request additional account operations from time to time. That’s why we offer the following services for a fee:



Request for paper copies
Overnight Mail - Domestic (per request)
$100
Overnight Mail - International/Canada (per request)
$100
Paper Confirm Fee (Retail Paper Only) (per request)
$2
Paper Statement Fee (Retail Paper Only), (per 50 pages)
$5
Paper Tax Statement Fee (Retail Paper Only), (per 50 pages)
$5
Return Mail (per piece)
$2
Account Maintenance
Inactivity fee: accounts with less than $20 & no activity for +90 days.
$20
Escheatment Processing (per account)
$75
TOD Account Transfer Fee (per transfer)
$200
Direct Account Transfers - Transferring between brokerages
Incoming
$0
Outgoing
$100
Other
IRA Termination Fee (per event)
$100
IRA Conversion Fee
$25
Mutual Fund Sales
$20
Liquidating securities traded on foreign exchanges
$50
Miscellaneous Bank Fees
Please note: Direct ACH deposits from or to your connected bank account are always Free!
Wire Transfer (Domestic)
$25
Wire Transfer (Foreign)
$45
Check Request
$25
Returned Checks/ACH/Wires and Recalls
$30
Amendment Repairs
$30
ACH Notice of Change/Correction
$5

Regulatory Fees

Regulatory expenses are mandated fees passed on to the consumer. These occur when users sell a stock or ETF, and often cost only a few pennies. For example, if you sell ten shares of Apple stock at $150 per share, you would pay a total of 4 cents in regulatory expenses — 3 cents in SEC fees and 1 cent in TAF fees. These costs are calculated as follows:

SEC (Securities Exchange Commission) Fee* = total price of transaction x 20.70 / 1,000,000
TAF (Trading Activity Fee) Fee* = shares sold x 0.0001119 with a maximum of $5.95

*Fees are rounded up to the nearest penny

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.
Address: 213 W Institute Pl, Ste. 301, Chicago, IL 60610

© Copyright 2019 M1 Holdings Inc.