Checking

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.

The Owner's Rewards card and two debit cards nicely fanned out.
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The Owner's Rewards card and two debit cards nicely fanned out.

M1 Checking6 with M1 Plus

1.70% APY1

With 56x the national average APY, you’ll potentially earn more in two weeks than in a full year with a big bank.

1% cash back2

Get a little back on eligible purchases made with your M1 Spend Visa® debit card.2

Send checks

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

Early direct deposit3

Get your paycheck up to two days early.

How does M1 compare?

M1: 0%
M1 Plus: 1%2
Other Big Banks (like Chase Total Checking): 0%7

M1: 0.00%
M1 Plus: 1.70%1
Other Big Banks (like Chase Total Checking): 0%7

M1: $0
M1 Plus: $0
Other 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)7

M1: 1 reimbursement/month
M1 Plus: 4 reimbursement/month
Other Big Banks (like Chase Total Checking): Fees for non-Chase ATMs apply7

M1: 0.8% – 1%
M1 Plus: 0% (international fees reimbursed)
Other Big Banks (like Chase Total Checking): 3%8

M1: Yes
M1 Plus: Yes
Other Big Banks (like Chase Total Checking): Yes7

M1: $0
M1 Plus: $125
Other Big Banks (like Chase Total Checking): $0 – $1447

M1: No
M1 Plus: Yes
Other Big Banks (like Chase Total Checking): Yes7

M1: Yes
M1 Plus: Yes
Other Big Banks (like Chase Total Checking): No

M1 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.4

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
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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 three months are free.5

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Spend: Checking

  • 1.70% APY checking1
  • 1% cash back2
  • Send checks

Spend: Credit

  • $95 annual fee waived
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“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.

Testimonials may not be representative of the experience of other customers. Not a guarantee of future performance or success.

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. To see all checking fees, please visit M1’s Spend Fees Help Center Article.

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1 No minimum balance to open account or to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary. National average is 0.03% APY as of April, 2021. Obtained from the FDIC.

2 Debit card purchases are when the card is swiped, or its 16-digit number is entered online. Any fund transfers, including via card transactions such as P2P or third party processors, are not eligible for cash back.

3 Early Direct Deposit is dependent on your payroll provider.

4 Must own securities in a qualified M1 investment account as explained in M1’s Owner’s Rewards Terms & Conditions to be eligible for 2.5%, 5%, & 10% categories. Credit card cash back rewards earned on eligible purchases subject to a maximum of $200 cash back per calendar month.

5 Your free trial (a $31.25 value) begins the date you enroll in the M1 Plus subscription, and ends 90 days after (Free Trial). Upon expiry of the Free Trial, your account is automatically billed an annual subscription fee of $125.00 unless you cancel under your Membership details in the M1 Platform.

6 M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 is not a bank. M1 Checking Accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card is issued by Lincoln Savings Bank, Member FDIC.

7 Source: https://personal.chase.com/personal/checking 

8 Source: https://www.chase.com/content/dam/chasecom/en/checking/documents/clear_simple_guide_total.pdf