M1 High Yield Cash Account

Sweep Program Disclosure Statement

Revision date: April 2024

I.        Introduction

This disclosure statement (“Disclosure Statement”) provides important information about M1 Finance LLC’s (“M1” or “we” or “us”) High Yield Cash Account Sweep Program (“Cash Sweep Program” or “Program”), which offers you the option of opening a secondary brokerage account (the “Cash Account”) for the purpose of earning interest on uninvested funds held in an account while you determine your longer term investing strategy. A Cash Account is only available to existing clients of M1 Finance LLC who maintain an open primary investment account.

Under the Cash Sweep Program, M1, acting as your agent, will automatically “sweep” available uninvested cash balances in your Cash Account into an interest-bearing omnibus deposit account (“Deposit Account”) insured by the Federal Deposit Insurance Corporation (“FDIC”) at one or more participating banks (each a “Participating Bank”).  The Cash Account and your participation in the Cash Sweep Program should not be viewed as a long-term investment option, however, your participation provides you the opportunity to earn interest on your uninvested cash while you determine such long-term investment options. The Cash Sweep Program is administered by a third-party program administrator (“Program Administrator”).

When you participate in this Program, you have two (2) brokerage accounts with M1: your primary M1 investment account through which you can buy and sell securities and hold cash (your “Primary Invest Account”) and your secondary Cash Account. Any cash held in your Primary Invest Account will remain as free credit balances at M1 and will not be swept to Participating Banks. In order to have your Primary Invest Account’s uninvested cash be swept to Participating Banks and earn interest, you need to transfer such cash from your Primary Invest Account to your Cash Account. While you must have a Primary Invest Account in order to participate in the Cash Sweep Program, you may fund your Cash Account directly from an externally linked account, until you determine your investment options.

Except as otherwise noted in this Disclosure Statement, M1 may, with a 30-days prior notice to you, change, add or eliminate products available through, or the terms and conditions of, the Cash Sweep Program. Your continued use of your Cash Account following such change to the Cash Sweep Program shall constitute your consent to any such change.

II.      Cash Sweep Program

  1. Deposit Account at FDIC-Insured Participating Bank

Cash contributed to or received in your Cash Account (“Cash Balance”) will automatically be “swept into” an FDIC-insured interest-bearing omnibus Deposit Account at one or more Participating Banks, within 1 to 3 business days (not including bank holidays or days on which the New York Stock Exchange is closed, such as Good Friday) after M1 receives such cash. The funds transferred from your Cash Account at M1 to the omnibus Deposit Accounts at FDIC-insured Participating Banks under the Program, together with any interest earned thereon that is posted and held in the Deposit Accounts (together, “Program Deposits”), are held and maintained at the Participating Banks in a manner designed to remain within the FDIC standard maximum deposit insurance amount (“SMDIA”), which is currently $250,000, per eligible depositor (e.g., based on TIN), per Participating Bank, per account ownership category. FDIC deposit insurance coverage only insures deposits in the event of a failure of any applicable Participating Bank. Your Program Deposit(s) constitute a direct obligation of the Participating Bank to you and is not an obligation of M1. M1 is neither a bank, nor an FDIC-insured institution. 

M1 sets a Program Limit, from time to time, on the maximum amount of FDIC deposit insurance coverage that you may be eligible to access on Program Deposits at Participating Banks under the Program, subject to these Disclosure Statements and FDIC laws and regulations (“Program Limit”). The Program Limit is an amount per eligible depositor (e.g., based on TIN) and generally depends on the number of Participating Banks in the Program at any given time that can receive Program Deposits. The current Program Limit is $3 million per eligible depositor (e.g., based on TIN) and this Program Limit can change if you exclude (i.e., opt out of) any Participating Banks or if the funds you place into the Program are held by you in more than one account ownership category.

A full list of current Participating Banks (“Participating Bank List”) is available at https://m1.com/legal/agreements/cash-deposit-network/participating-bank-list. Participating Banks may be added to or removed from our Cash Sweep Program without prior notice to you; and it is your responsibility to review M1’s Participating Bank List in order to maximize your eligibility for FDIC deposit insurance coverage. See Exhibit A “Participating Banks to Exclude from your Program Deposit(s)” to exclude (i.e., opt out of) any Participating Banks from receiving your Program Deposit. See below section “FDIC Insurance Coverage/SIPC Protection” for additional details.

M1 has established omnibus Deposit Accounts at each of the Participating Banks on behalf of each of its customers who participate in the Cash Sweep Program, and it will maintain records of your beneficial interest in each Deposit Account at each Participating Bank designed to preserve the eligibility of Program Deposits for pass-through FDIC deposit insurance coverage. Once your Cash Balance is transferred to an Intermediary Bank, the Cash Balance is eligible for pass-through FDIC deposit insurance coverage. Similarly, once your Cash Balance is deposited into Deposit Accounts at Participating Banks, Program Deposits are also eligible for pass-through FDIC deposit insurance coverage. Such pass-through FDIC deposit insurance coverage is subject to conditions.

You will only have access to your Program Deposits through your Cash Account held at M1. You cannot make deposits or withdrawals directly from the Deposit Account at Participating Banks, even if you contact the Participating Bank.

All questions regarding the Deposit Accounts and/or your Cash Account, including any notice of unauthorized activity and any complaints regarding the Cash Sweep Program, must be directed to M1 and not the Participating Banks. Please contact help@m1.com for more information.

Once your Cash Account is established, you will have the ability to opt out of any Participating Banks in M1’s Participating Bank List with respect to your Cash Account by completing and returning Exhibit A attached hereto. See below section “FDIC Insurance Coverage/SIPC Protection” for additional details.

M1 has the right to limit the amount of your Cash Balance that is swept into a Deposit Account, or to move your Program Deposit from one Participating Bank to another Participating Bank if M1 determines that such action is necessary to provide FDIC deposit insurance coverage eligibility on your funds, or in the event that a Participating Bank is not able or willing to take additional deposits.

Interest Rates

You will earn interest on your Program Deposit, which will be paid by the Participating Banks. The rate of interest varies over time. Current interest rates for Program Deposits can be found on M1’s website. Notwithstanding, interest rates may be changed at any time, without prior notice to you, and before the website can be updated. M1 cannot guarantee any rate of return, including a return that is equal to or greater than the rate of return provided on the website or other marketing materials. Depending on the interest paid by the Participating Banks on any given day, the actual interest rate may be less than the most recently published interest rate on the website or other marketing materials. Over any given period, the interest rates on the Program Deposits may be lower than the rate of return on other non-FDIC insured investments or deposit accounts offered outside the Cash Sweep Program. Interest on your Program Deposits will accrue daily, is compounded monthly, and will be reflected on your Cash Account statement on or around the first business day of the following month. You will receive a Form 1099-INT from M1 on an annual basis, indicating the amount of interest paid to you by the Participating Banks for the prior applicable tax year.

The interest rate paid to you on your Program Deposit will be determined by M1 and will be based on the amounts paid by the Participating Banks, less a fee paid to M1, as discussed below. M1 pays Program Administrator for certain processing, operations and bank network services provided by Program Administrator to the Cash Sweep Program.  Program Administrator is not an affiliate of M1 and is not a registered broker-dealer or a bank but acts as M1’s program administrator for the Cash Sweep Program. The fees paid by M1 to Program Administrator are included in the fees paid to M1 deducted from the interest rate paid to you on your Program Deposit.

FDIC Insurance Coverage/SIPC Protection

If the aggregate amount of deposits held by you (or for your benefit) at a Participating Bank exceeds the then-current SMDIA, currently $250,000, per eligible depositor, per account ownership category, the excess funds will not be eligible for FDIC deposit insurance coverage.  For purposes of determining your eligibility for FDIC deposit insurance coverage on funds at a Participating Bank, your Program Deposits through the Cash Sweep Program at that Participating Bank under the Program will be aggregated with any other deposits that you hold or that are held for your benefit (whether directly or indirectly) which include savings and checking accounts, money market deposit accounts, and CDs at that Participating Bank in the same account ownership category, including any such deposits that you hold (or that are held for your benefit) (i) directly at that Participating Bank, (ii) indirectly at that Participating Bank through another financial institution or intermediary (including any affiliate of M1), (iii) through another financial institution (including any affiliate of M1) through which you also participate in a similar cash sweep program that also places funds at that Participating Bank.

Your funds at a Participating Bank will be eligible for FDIC deposit insurance up to SMDIA in accordance with the rules of the FDIC. The applicable FDIC insurance limit depends upon the account ownership category in which you hold the Program Deposit, and the SMDIA will be applied to all deposits (including Program Deposits and deposits outside of the Cash Sweep Program) held in the same account ownership category by you at the same Participating Bank.

Deposits held in different account ownership categories, as provided in FDIC rules, are insured separately.  Currently, single ownership accounts are insured up to $250,000, and each co-owner’s share of joint accounts is insured up to $250,000. See www.fdic.gov for additional account category and coverage information.

For example, if you have non-Cash Sweep Program deposits at the same Participating Bank held in the same account ownership category as your Program Deposit, you must aggregate all such deposits for purposes of determining FDIC deposit insurance coverage. If your total funds held at a Participating Bank exceed the then current SMDIA, your funds in excess of then current SMDIA will not be eligible for FDIC deposit insurance coverage.

Neither M1, nor Program Administrator, is responsible for monitoring the amount of your Program Deposit in any Participating Bank or ensuring that your funds at any Participating Bank does not exceed the then current SMDIA. You are responsible for monitoring the total amount of cash held as deposit with each Participating Bank (including amounts in other accounts at the Participating Bank held in the same account ownership category) in order to determine the FDIC deposit insurance coverage eligibility on those deposits, including your Program Deposit.

In the event of a failure of a Participating Bank when Program Deposits are held at that Participating Bank, funds in the mount of principal plus unpaid and accrued interest under the then current SMDIA held at that Participating Bank will be eligible for FDIC deposit insurance coverage. There is no specific time period in which the FDIC must make insurance payments available, and M1 is under no obligation to credit your account with funds on behalf of the FDIC. Furthermore, you may be required to provide certain documentation to the FDIC, us, or the Program Administrator before FDIC makes deposit insurance payments. For example, if you hold deposits as trustee for the benefit of trust participants, you may be required to furnish affidavits and provide indemnities regarding an insurance payment.

M1 is a member of the Securities Investor Protection Corporation (“SIPC”), which provides protection for your securities and funds within your Primary Invest Account, or funds held in your Cash Account (and not yet swept to a Participating Bank), up to applicable SIPC limits if M1 were to go out of business and there were customer securities or funds unaccounted for.

Current SIPC limits are $500,000 for securities and cash per customer, of which up to $250,000 may be in cash (i.e., fee credit balances). However, SIPC does not protect against market losses. Further, your Program Deposits that have been swept into a Deposit Account at a Participating Bank is only eligible for FDIC deposit insurance. Your Program Deposit is eligible for FDIC deposit insurance coverage once received by a Participating Bank. Cash Balances within your Primary Invest Account, your Cash Account, and/or while in transit to or from a Participating Bank is covered by SIPC and not insured by the FDIC. Once Program Deposits are swept into a Deposit Account, they are held at an FDIC-insured bank and, accordingly, they are protected by FDIC insurance but are not covered by SIPC. For additional information about SIPC coverage, visit www.sipc.org.

  1. Questions About FDIC Insurance Coverage

If you have questions about basic FDIC insurance coverage, you may wish to seek advice from your own attorney, including concerning FDIC insurance coverage of deposits held in more than one account ownership category. You may also obtain information by contacting the FDIC, Deposit Insurance Outreach, Division of Depositor and Consumer Protection, by letter (550 17th Street, N.W., Washington, D.C. 20429), by phone (877-275-3342 or 800-925-4618 (TDD)), by visiting the FDIC Website at www.fdic.gov/deposit/index.html, or by e-mail using the FDIC’s On-line Customer Assistance Form available on its website. Disclosures regarding FDIC insurance coverage in this document are summary only, and do not state all of the requirements and conditions of FDIC insurance, and are subject to, and qualified in their entirety by, regulations and guidance of the FDIC.

  1. Questions about SIPC Coverage

SIPC is a non-profit membership corporation created by the Securities Investor Protection Act of  1970, funded primarily by its member securities brokerage firms registered with the U.S. Securities and Exchange Commission. SIPC provides protection against custodial risk to clients of securities

brokerage firms, like M1, in the event such firms become insolvent. SIPC does not insure against the loss of your investment. Nor does SIPC insure the quality of investments or protect against a decline or fluctuations in the value of your investment. SIPC protects each client’s securities and cash held for the purpose of purchasing securities in a client’s Cash Account at an insolvent brokerage firm. SIPC protects against the loss of customer securities and cash awaiting investment in securities up to a total of $500,000 (of which up to $250,000 may be cash) per customer in each separate capacity under SIPC rules. Program Deposits maintained in the Deposit Accounts at each Participating Bank are not protected by SIPC. If you have questions about SIPC protection, please contact us at help@m1.com. You may also obtain information about SIPC protection, including a brochure that describes SIPC and SIPC protection, by accessing the SIPC Website at www.sipc.org.

  • Financial Benefits to M1 and Others; Conflicts

M1 receives a fee from each Participating Bank in connection with the Cash Sweep Program. The fee paid to M1 may vary from Participating Bank to Participating Bank. In addition, Program Administrator will receive a service fee from M1 as compensation for certain services that Program Administrator provides related to the Cash Sweep Program, including processing, operations, and bank network services. Furthermore, M1 partners with B2 Bank National Association, an FDIC-insured institution (“Intermediary Bank”), in order to transfer your Program Deposits from your Cash Account to your Deposit Account(s) at FDIC-insured Participating Banks. B2 Bank National Association, formerly known as The First National Bank of Buhl, as the Intermediary Bank for the Program, is a nationally chartered bank purchased by M1’s CEO in 2021. As such, the Intermediary Bank will receive a fee (based on reasonable industry standards) from M1 as compensation for certain services that Intermediary Bank provides related to the Cash Sweep Program, including ACH processing services. Intermediary Bank and certain M1 affiliates also provide operational, technology, and other services to M1 and receive compensation for those services. Furthermore,  M1 may be a customer of a Participating Bank, is a customer of Intermediary Bank, and may have other financial interactions with a Participating Bank or Intermediary Bank.  Moreover, the rate you earn on your Program Deposits may be higher or lower than the rates available elsewhere, and it is your responsibility to compare these Cash Sweep Program terms, rates of return, charges and other features of a Deposit Account with other accounts and investment alternatives. There will be no charge, fee, or commission imposed on your Primary Invest Account with respect to the Cash Sweep Program.

  • How the Cash Sweep Program Works

Deposits

The Cash Balance in your Cash Account will be automatically swept within 1 to 3 business days after receipt (not including bank holidays or days on which the New York Stock Exchange is closed, such as Good Friday), into one or more Deposit Accounts at Participating Banks established by M1 for your benefit.

Your Cash Balance will be swept into the Program and allocated to Deposit Accounts at one or more Participating Banks in accordance with predetermined factors. No more than the then current SMDIA (currently $250,000) ($500,000 for joint accounts with two beneficial owners) will be swept into a Deposit Account at any one Participating Bank. It is, however, possible that your Program Deposit combined with other deposits you hold at a Participating Bank (directly or through an intermediary) could exceed the then current SMDIA. We will inform you on each periodic statement, which Participating Bank(s) maintain Program Deposits with respect to your Cash Account, opening and closing balances, interest earned, and the detail of balances held at each Participating Bank. You are responsible for monitoring the total amount and account ownership category you have at each Participating Bank (both as a part of and outside the Cash Sweep Program). You opt out of a Participating Bank, using Exhibit A. Any such instruction will result in any current Program Deposit in that Participating Bank being withdrawn and deposited into a Deposit Account at another Participating Bank. No new deposits will be made in the Participating Bank into which you instructed us not to sweep your funds. If the aggregate amount of your Program Deposits exceeds the Program Limit, any excess funds will be swept among the Participating Banks with such excess not eligible for FDIC deposit insurance coverage.

Until the sweep occurs daily, your Cash Balance will remain as uninvested free credit balances in your Cash Account and protected by SIPC. See above section “FDIC Insurance Coverage/SIPC Protectionfor additional information.

Withdrawal

If funds are needed to cover a debit in your Primary Invest Account or Cash Account at the end of a business day (such as to cover a withdrawal or a security purchase you made in your Primary Invest Account), you consent to have M1, as your agent, withdraw the funds out of the Deposit Account(s) at Participating Banks back into your Cash Account to pay for such debit. Your Program Deposits will be swept out of the Participating Banks in the same order that they are swept in, in accordance with predetermined factors, until either the debit is satisfied, or the total amount of your Program Deposits have been swept back into your Cash Account.

For purposes of account security, regulatory compliance and risk-management, funds transferred into your Cash Account and/or swept into your Deposit Account(s) may be held by M1 for up to sixty (60) days upon such transfer, and during such time, your funds may only be withdrawn to the external account from which such funds were initially debited. Such transferred funds may be held for a longer period if compliance with federal regulations or risk-management procedures would require us to do so. Any holding of transferred funds in accordance with the aforementioned is at M1’s sole discretion.

Except in cases of fraud or for funds that are returned to the originating bank as a result of insufficient funds, your transferred funds into your Deposit Account(s) will be entitled to earn interest during such hold period when they arrive at the Participating Banks.

If you terminate your participation in the Cash Sweep Program or close your Cash Account, M1 will recall all your funds held in Deposit Accounts at Participating Banks and deposit those funds into your Primary Invest Account. At such time, those funds, or free credit balances, will not be eligible to earn interest.

Interest Posting

Each month, your Cash Account statement will reflect the interest paid on your Program Deposits. Interest accrues daily, is compounded monthly, and is posted to the Deposit Account on the first business day of the following month. After being posted to the Deposit Account, interest payments are added to your Program Deposit. Your Cash Account will not reflect interest earned on a daily basis.

Evidence of Ownership

No evidence of ownership of the Deposit Account, such as a passbook or certificate, will be issued to you. Instead, the Deposit Account will be evidenced by (i) a book entry on the account records of each Participating Bank showing an omnibus Deposit Account as being held in the name of M1 Finance LLC for exclusive benefit of Customers, Acting for Themselves and Others, and (ii) records of your Program Deposit maintained by M1, and its Program Administrator, as your custodian and recordkeeper for the Participating Bank.

Participating Banks

M1 maintains the Participating Bank List for the Cash Sweep Program. From time to time, a Participating Bank may be added to or removed from the Participating Bank List. Removing a Participating Bank from the Participating Bank List means that the Participating Bank is no longer eligible to receive Program Deposits in the Cash Sweep Program. If a Participating Bank is removed from the Cash Sweep Program, M1 will transfer your Program Deposit from that Participating Bank into another Participating Bank as if you had opted out of such Participating Bank (as more fully described below).

Each Participating Bank may accept deposits up to an aggregate deposit limit (the “Deposit Limit”), which generally caps the total amount on deposit at the Participating Bank in connection with the Cash Sweep Program. The Deposit Limit is set by contract between M1 and the Participating Bank and may impact which Participating Bank your Program Deposit is allocated to.

Changes to Participating Bank Lists

a. Customer-Initiated Changes

Once your Cash Account has been established, you can opt out of any one or more Participating Banks on the Participating Bank List, provided, however, that you must have at least one Participating Bank designated for your Cash Account in order to utilize the Cash Sweep Program. By opting out of a Participating Bank, you instruct us to exclude the Participating Bank from the list of Participating Banks eligible to receive Program Deposits from your Cash Account. Your decision to opt out is revocable and you can opt back into a Participating Bank at any time, provided that the Participating Bank is still participating in the Cash Sweep Program. In order for your Program Deposits to be insured up to the Program Limit, you will need to ensure that you have at least twelve (12) Participating Banks to receive Program Deposits from your Cash Account. See Exhibit A “Participating Banks to Exclude from your Program Deposit(s)” to exclude/remove any Participating Banks from our Cash Sweep Program.

If you opt out of one or more Participating Banks and you currently have Program Deposits with these Participating Banks, those Program Deposits will be treated as if they were a Cash Balance in your Cash Account and reallocated to the remaining eligible Participating Banks. See Exhibit A “Participating Banks to Exclude from your Program Deposit(s)” to opt out of any Participating Banks from our Cash Sweep Program.

You can obtain publicly available financial information concerning any of the Participating Banks at https://www.ffiec.gov/NPW or by contacting the FDIC Public Information Center by mail at 3501 North Fairfax Drive, Room E-1005, Arlington, VA 22226 or by phone at 877-ASK-FDIC (877-275-3342).

M1 does not guarantee the financial condition of any Participating Bank or the accuracy of any publicly available financial information concerning a Participating Bank. Neither M1 nor Program Administrator is responsible for any insured or uninsured portion of any deposits at any Participating Bank or guarantees the financial condition of any Participating Bank or the accuracy of any publicly available financial information concerning a Participating Bank.

b. Programmatic Changes

From time to time, a Participating Bank may be added to or removed from the Participating Bank List. The Participating Bank List will be updated from time to time to reflect the addition or removal of a Participating Bank. If a Participating Bank has been removed from the Participating Bank List, that Participating Bank will no longer be eligible to receive Program Deposits. If you have a Program Deposit on deposit with the removed Participating Bank, M1 will transfer your Program Deposit from that Participating Bank into another Participating Bank on the Participating Bank List as if you had opted out of such Participating Bank.

Every Cash Account must have at least one available Participating Bank and you are not able to opt out of all the Participating Banks in the Participating Bank List. If you opt out of the last Participating Bank eligible to receive Program Deposits from your Cash Account, that request will be void.

Changes Affecting Your Cash Account

M1 may from time to time add new FDIC-insured Participating Banks, change the allocation of Program Deposits among Participating Banks, or change which program administrator it uses to provide the Cash Sweep Program to you M1 has the right to limit the amount of your Cash Balance that is swept into a Deposit Account or to move your Cash Balance to another Participating Bank if: (i) M1 determines that such action is necessary to protect your funds, (ii) in the event that one or more Participating Bank(s) is not able or willing to take additional deposits, (iii) in the event that M1, Intermediary Bank and/or Program Administrator is unable to transfer your Cash Balance to the Participating Banks, (iv) a Participating Bank’s participation in the Cash Sweep Program is terminated, or (v) a Participating Bank’s ongoing viability may be in question. Notwithstanding the foregoing, M1 is not responsible for protecting your funds, or does not guarantee the financial condition of any Participating Bank. FDIC deposit insurance coverage only insures deposits in the event of a failure of any applicable Participating Bank. M1 is not a bank, nor an FDIC-insured institution.

  1. Acknowledgment of Disclosure Statement

By signing the M1 Brokerage Customer Account Agreement with M1 in connection with your affirmative opening of your Cash Account, you represent that you have read and acknowledge this Cash Sweep Program Disclosure Statement.

You acknowledge and agree to allow M1 to share personal information about you, including your name, Social Security number or tax identification number, address, or date of birth, with Program Administrator that provide services to M1 in connection with the Cash Sweep Program. These service providers will use such information solely to perform their services with their agreement with M1 as it relates to the administration of Cash Sweep Program or to satisfy their own statutory or regulatory obligations.

  1. Miscellaneous

Right of Offset

Pursuant to Section “Liquidation” of your Customer Agreement, and in addition to any other rights granted to M1 therein, you authorize M1 or its Affiliates to recover amounts you owe (e.g., account, maintenance or platform fees; margin or maintenance call; etc), and to debit, charge or otherwise exercise a right of offset to recover funds from the balance in your Cash Account or your funds held in a Deposit Account. This authorization and/or right of offset shall survive termination of your Cash Account, this Agreement, and your Customer Agreement. M1 may take these actions without prior notice to you.

Tax Reporting

The interest that you receive from your Program Deposit is subject to state and federal tax. An IRS Form 1099, a Tax Information Summary, will be sent to you by M1 each year, showing the amount of interest income you have earned from your Program Deposit. M1 may be required to withhold U.S. federal income tax at the prevailing rate on all taxable distributions payable to certain customers who fail to provide their correct taxpayer identification number or to make required certifications or who have been notified by the Internal Revenue Service that they are subject to backup withholding.

Additional FAQs on the Cash Sweep Program

For any additional questions, please review our Cash Sweep Program FAQs.

Contact Information

M1 Finance LLC

200 N LaSalle St, Suite 800

Chicago, IL 60601

(312) 600-2883

help@m1.com

Attn: High-Yield Cash Account Sweep Program

EXHIBIT A

M1 High Yield Cash Account Sweep Program (“Program”)

Participating Banks to Exclude from your Program Deposit(s)

Customer named below (“Customer”) hereby instructs M1 Finance LLC (“Broker-Dealer”) to exclude the following institutions from receiving Customer’s Program Deposits as Participating Banks under the Program.  Capitalized terms used herein have the meaning given in the Disclosure Statement and M1 Brokerage Customer Account Agreement for the Program. View Broker-Dealer’s current Participating Banks List.

Participating Banks to Exclude from Program Deposits: (If additional space is required, please attach a separate sheet.)

Bank NameFDIC Certificate NumberCity and State
   
   
   
   
   
   

Agreed by Customer:

Name of Customer:                                                       

Address of Customer: ________________________

Signature of Authorized Representative of Customer: ________________________

Name of Authorized Representative: ________________________

Title of Authorized Representative: ________________________

Date: ________________________

Please send completed form (PDF, TIF) to:

help@m1.com

Attn: “High-Yield Cash Account Sweep Program Excluded Participating Banks”

or via mail:

M1 Finance LLC
200 N LaSalle St, Suite 800
Chicago, IL 60601

Attn: “High-Yield Cash Account Sweep Program Excluded Participating Banks”