ACATS Promotion: Transfer a brokerage account to M1 and get your transfer fee reimbursed 

From July 15, 2022 through August 31, 2022, transfer a brokerage account to M1 and get the transfer fee charged by your outgoing institution reimbursed, up to $75. Here’s how to get started:

1. Ensure you have an account open at M1 that matches the account type you’re transferring (e.g. if you are transferring securities from a joint brokerage account, you’ll need a joint brokerage account open at M1).

2. Submit a transfer request from another brokerage account at your outgoing institution during the Promotion Period (07/15/2022 12:00 am ET– 08/31/2022 11:59 pm ET). Click here to get started. 

3. Submit a Reimbursement Request Form, including the brokerage statement showing an outgoing transfer fee, within 60 calendar days of initiation of ACATS transfer into M1.

4. Qualifying reimbursement requests will be processed and paid within 90 calendar days of initiation of ACATS transfer into M1.

TERMS AND CONDITIONS 

Beginning on July 15, 2022 through August 31, 2022 (the “Promotion Period”) this promotional offer is valid for new and existing M1 customers who complete an Automated Customer Account Transfer Service (“ACATS”) of at least $100,000 in aggregate during the Promotion Period and who are charged a transfer fee from the outgoing institution (the “ACATS Promotion”). If you satisfy the following conditions, M1 will make a one-time deposit into the cash balance of your M1 taxable investment account equal to the transfer fee charged by the outgoing institution, but in no event more than $75 (the “Transfer Reimbursement”). The appropriate M1 account must receive instructions to complete an ACATS prior to expiry of the Promotion Period. Within sixty (60) calendar days of initiation of ACATS transfer, the M1 Customer must submit a completed Reimbursement Request Form including a statement copy levying a transfer fee from the outgoing institution. ANY INCOMPLETE REIMBURSEMENT REQUEST FORM, OR ANY FAILURE TO PROVIDE A STATEMENT COPY WITH PROOF OF TRANSFER FEE, WILL AUTOMATICALLY DISQUALIFY YOU FROM THIS ACATS PROMOTION. Any unsuccessful ACATS will be deemed ineligible. This offer is non-transferable, and not valid with any of the following: (i) internal transfers, (ii) ACH deposits (bank transfers), (iii) wire transfers, (iv) direct 401(k) rollovers, or (v) any customer having previously participated in a M1 ACATS transfer promotion and subsequently transferred any of the then-transferred account value externally to a third party or internally to any other M1 services (e.g., M1 Spend).

Cryptocurrency is not eligible for ACATS. Additionally, any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.

This Transfer Reimbursement deposit will be made ninety (90) calendar days from initiation of ACATS transfer into an M1 Account (the “Payout Date”), however, the following accounts are ineligible to receive any Transfer Reimbursement: any retirement, custodial or trust accounts. The “Transfer Account Value” is determined as the current market value of all holdings and cash transferred during this Promotion Period, in aggregate, on the day the transfer is successfully completed to the qualifying account which must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading, market volatility or margin debit balances) at time of the Payout Date. Reallocation of any Transfer Account Value funds transferred for this ACATS Promotion either externally, or internally to any other M1 services (e.g., M1 Spend), prior to the Payout Date will disqualify you from the ACATS Promotion. The Transfer Reimbursement deposited by M1 is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. M1 Finance may charge the account for the cost of the offer at its sole discretion. M1 reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

Any Transfer Reimbursement will not be applied for any transfer which has completed retroactively.

This ACATS Promotion is independent from the M1 Referral Promotion available to you at any given time, but you are expressly prohibited from qualifying for or combining this ACATS Promotion with any other ACATS promotion during this Promotion Period, if any.  

This promotion is not valid with any other offers and is non-transferrable. Offer available only to individuals who are 18 years or older and are legal U.S. Residents. M1 reserves the right to terminate this offer at any time, to limit the amount of account bonuses you are eligible to receive, and to refuse or recover any promotion award if M1 determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided, or that any terms of the M1 Terms of Use or Account Agreement have been violated. This offer is not valid if the name on the M1 account is different than the name on the outside brokerage account requested for the ACATs.

General Conditions: By participating in this ACATS Promotion, you agree to release, discharge, indemnify, and hold harmless, M1, its affiliates, retailers, and advertising and promotion agencies, and all of their respective officers, directors, members, managers, partners, and employees from any liability or damages that may arise out of participation in this ACATS Promotion or out of acceptance, use, misuse or possession of the cash deposit attained through this promotion. All applicable federal, state, and local laws and regulations apply. 

Taxes related to M1 promotional offers are your responsibility. All promotional items and cash received during the calendar year will be included on your consolidated Form 1099. You are encouraged to consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. 

Your Personal Information: Personal information collected in connection with this offer will be used in accordance with M1’s Privacy Policy. 

This promotion expires at 11:59pm ET on August 31, 2022. M1 is the sole timekeeper of this promotion.