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

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

M1 Holdings Inc. provides a range of financial services through its operating subsidiaries. M1 Finance LLC and M1 Spend LLC are wholly-owned subsidiaries of M1 Holdings Inc. and are separate but affiliated companies. 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 Finance LLC is a SEC registered broker-dealer and Member FINRA / SIPC. You can check the background of M1 Finance LLC on FINRA's BrokerCheck. SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). SIPC insurance does not protect against loss in the market value of securities. Investments are not FDIC insured and may lose value. Please consider your objectives and M1 fees before investing. Past performance is not a guarantee of future results. Using margin involves risks: you can lose more than you deposit, you are subject to a margin call, and interest rates may change. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdiction where M1 Finance LLC is not registered.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.