M1 Spend: Checking


Product mockup of Spend screen

1% APY M1 plus icon

With 33x the national average* APY, you’ll earn more in two weeks than in a full year with a big bank. info icon


1% cash back M1 plus icon

Get a little back on eligible purchases made with your M1 Spend Visa® debit card. info icon


Send checks M1 plus icon

Schedule one-time or recurring paper checks from the M1 app.


Early direct deposit info icon

Get your paycheck up to two days early.


This content is hidden
M1
M1 Plus
Big Banks
(like Chase Total Checking)
Cash Back
M1
M1 Plus
0%
1% with M1 Plus
Big Banks
(like Chase Total Checking)
0%
APY
M1
M1 Plus
0%
1% with M1 Plus
Big Banks
(like Chase Total Checking)
0%
Balance minimum
M1
M1 Plus
0%
Big Banks
(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
1 reimbursement/month 4 with M1 Plus
Big Banks
(like Chase Total Checking)
Fees for non-Chase ATMs apply
International Fees
M1
M1 Plus
0.8% – 1%
0% with M1 Plus
Big Banks
(like Chase Total Checking)
3%
FDIC Insurance
up to $250,000
M1
M1 Plus
Yes
Big Banks
(like Chase Total Checking)
Yes
Annual Fee
M1
M1 Plus
$0
$125
Big Banks
(like Chase Total Checking)
$0 – $144
Send checks
M1
M1 Plus
Included with M1 Plus
Big Banks
(like Chase Total Checking)
Yes
Early Direct Deposit
M1
M1 Plus
Yes
Big Banks
(like Chase Total Checking)
No

M1 Spend: Credit


Product mockup of spend credit card

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. info icon


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.


Learn more about credit →


M1 Plus logo

M1 Plus members
get more from Spend


M1 Plus is an annual membership that
gives you more options when you
Invest, Borrow, and Spend. The first
year is free (a $125 value).



Spend: Checking

1% APY checking info icon

1% cash back 

NEW: Send checks 

Spend: Credit

$95 annual fee waived 


Headshot of Ryan C.

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.


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.


M1 Finance App

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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.

M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Spend LLC.

All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using M1 Borrow’s margin account 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, or tax advisors.

Brokerage products and services are not FDIC insured, no bank guarantee, and may lose value. Brokerage products and services are offered by M1 Finance LLC, an SEC registered broker-dealer, Member FINRA / SIPC.

M1 is not a bank. M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card is issued by Lincoln Savings Bank, Member FDIC.

Credit Card not available for US Territory Residents. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

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