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.
M1 Spend
Checking and credit that helps you win
Get powerful digital banking perks and a credit card that helps fuel your long-term investing strategy. It’s your money, hard at work.
GET STARTEDM1 Spend: Checking
1% APY 
With 33x the national average* APY, you’ll earn more in two weeks than in a full year with a big bank. 
1% cash back
Get a little back on eligible purchases made with your M1 Spend Visa® debit card.
Send checks
Schedule one-time or recurring paper checks from the M1 app.
Early direct deposit
Get your paycheck up to two days early.
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M1
M1 Plus
M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
Cash Back
M1
M1 Plus
M1 Plus
0%
1% with M1 Plus
1% with M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
0%
APY
M1
M1 Plus
M1 Plus
0%
1% with M1 Plus
1% with M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
0%
Balance minimum
M1
M1 Plus
M1 Plus
$0
Big Banks
(like Chase Total Checking)
(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
M1
M1 Plus
M1 Plus
1 reimbursement/month
4 with M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
Fees for non-Chase ATMs apply
International Fees
M1
M1 Plus
M1 Plus
0.8% – 1%
0% with M1 Plus
0% with M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
3%
FDIC Insurance
up to $250,000
up to $250,000
M1
M1 Plus
M1 Plus
Yes
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
Yes
Annual Fee
M1
M1 Plus
M1 Plus
$0
$125
$125
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
$0 – $144
Send checks
M1
M1 Plus
M1 Plus
Included with M1 Plus
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
Yes
Early Direct Deposit
M1
M1 Plus
M1 Plus
Yes
Big Banks
(like Chase Total Checking)
(like Chase Total Checking)
No
M1 Spend: Credit
Earn up to 10% cash back
Get 10%, 5%, or 2.5% cash back on purchases with some of the most popular brands—and 1.5% standard cash back on everything else.
Reinvest your rewards
Use the M1 platform to reinvest the cash you earn for long-term impact.
Advanced security
Freeze your card anytime and get Visa Signature® benefits including Visa® Zero Liability.
$95 annual fee
The card has a $95 annual fee, waived with an active M1 Plus membership.
M1 Plus members
get more from Spend
M1 Plus is an annual membership that gives you more options when you Invest, Borrow, and Spend. Your first three months are free .
Spend: Checking
1% APY checking
1% cash back
NEW: Send checks
Spend: Credit
$95 annual fee waived
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.
