This promotion has expired.

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Earn up to $1,500 when you set up recurring deposits

Building wealth is its own reward—but a bonus makes it even better. Set up a new recurring deposit to an investment account and you could earn extra investing dollars.   

Promotional terms and conditions apply

recurring transfers illustration

How to earn
your bonus

Set up recurring deposits to any of your M1 investment accounts by May 24, 2023 (feel free to split them up between your different accounts—brokerage accounts, retirement accounts and IRAs are all eligible). You can set whatever schedule you want: weekly, biweekly or monthly. 

If you complete at least 6 new monthly recurring deposits totaling at least $15,000 across your investment accounts, you’ll earn a bonus!   

Total Recurring Deposits to Investment Accounts through November 24
$15,000 – $29,999
$30,000 – $59,999
$60,000 – $299,999

Example 1:
Anthony sets up two weekly deposits: $425 to his Individual Brokerage Account and $200 to his Roth IRA. After 6 months, he’s deposited a total of $15,000. As a reward, Anthony earns a $100 investment bonus in his taxable brokerage account.  

Example 2:
Meanwhile, Danielle and her spouse, Jamie, want to invest aggressively. They set up a monthly deposit of $50,000 to their Joint Brokerage Account. After 6 months, they’ve deposited a total of $300,000, earning an investment bonus of $1,500 in their brokerage account.  

Set up a recurring deposit in a few steps

1. From the home screen, navigate to “Move Money” and select “Recurring Transfer” 

2. Choose the bank account about you would like to transfer from 

3. Choose the M1 Investment account you’d like to deposit to 

4. Select the amount, frequency and day of the week for your transfer 

5. Review details and select “Schedule” 

6. From there, you can click “Done” or “View Schedule Details” to review

Recurring Deposit Promotion: Set up Recurring Deposits on M1 and earn up to $1,500 

During the Promotion Period, targeted M1 customers that set up recurring ACH deposits into an eligible M1 brokerage or retirement account can earn up to $1,500. Here’s how to get started: 

1. During the Schedule Period, set up and confirm schedule of recurring ACH deposits into an Invest Account. Click here on how to get started on mobile or web.  

2. A minimum of six ACH deposits are required during the Promotion Period, and the funds for the recurring ACH deposits must be deposited from an external bank account.

3. The Total Recurring Deposits (see table below), minus any withdrawals, will determine your Promotional Credit.  

4. Promotional Credit (see table below) will be paid to eligible customers on February 17, 2024.  


Promotion Period: April 24, 2023 (12:00 AM EST) through November 24, 2023 (11:59 PM EST). 

Schedule Period: April 24, 2023 (12:00 AM EST) through May 24, 2023 (11:59 PM EST)

During the Promotion Period, this promotional offer is valid for targeted M1 customers, who successfully complete at least six recuring Automated Clearing House (“ACH”) deposits of at least $15,000 in aggregate (“Total Recurring Deposits1”) into their eligible M1 Invest Account (“Invest Account*”) during the Promotion Period (the “Recurring Deposit Promotion”). Customer must confirm schedule of recurring deposits into eligible M1 Invest Account prior to expiry of Schedule Period. The eligible M1 Invest Account meet the minimum for Total Recurring Deposits1 prior to expiry of the Promotion Period. Any unsuccessful recurring deposit will be deemed ineligible. This offer is non-transferable, and not valid with any of the following: (i) internal transfers, (ii) wire transfers, (iii) direct 401(k) rollovers, and (iv) Automated Customer Account Transfer Service (“ACATS”).

*Invest Account does not include any Cryptocurrency and/or Trust Accounts. 

If you satisfy the aforementioned conditions, on February 17, 2024 (the “Payout Date”) M1 will make a one-time deposit into the cash balance of your M1 taxable investment account equal to the applicable Promotional Credit2 based on the aggregate Total Recurring Deposits1. However, the following accounts are ineligible to receive any Promotional Credit: any M1 retirement, custodial, or trust accounts. The “Total Recurring Deposit” is determined as the sum of recurring ACH deposits, into an eligible Invest Account, from external bank accounts during this Promotion Period, minus any withdrawals, at the end of the Promotion Period. There must be a minimum of six recurring ACH deposits during the Promotion Period to qualify for the Recurring Deposit Promotion. Reallocation of any Total Recurring Deposit1 prior to the Payout Date either externally or internally to any other M1 services (e.g., M1 Spend) will disqualify you from the Recurring Deposit Promotion. The Promotional Credit2 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 without notice. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. 

Transfer Account Value1 Promotional Credit2 
$15,000 – $29,999.99 $100
$30,000 – $59,999.99 $200
$60,000 – $299,999.99 $500

Any recurring ACH deposit made prior to the Promotion Period will not be applied to the aggregate Total Recurring Deposits.  

This Recurring Deposit 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 Recurring Deposit Promotion with any other promotion during this Promotion Period, if any.

The Recurring Deposit 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 promotion at any time without notice, to limit the amount of account bonuses you are eligible to receive, and to refuse or recover any promotional 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. By participating in the Recurring Deposit Promotion you agree to the ACH Deposit Authorization Terms.  

General Conditions: By participating in this Recurring Deposit 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 Recurring Deposit 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

The Promotion Period expires at 11:59 pm EST on November 17, 2023. M1 is the sole timekeeper of this promotion.