This promotion has expired.
Transfer a brokerage account to M1 and earn up to $2,500
Transfer a brokerage account or IRA to M1 and earn up to $2,500. Here’s how to get started:
- Get a copy of a recent account statement from your brokerage.
- Ensure you have an account open in good-standing at M1 that matches the account type you’re transferring (e.g., if you are transferring securities from a joint brokerage account, you’ll need a joint brokerage account open at M1)
- Submit a transfer request from another brokerage account within the first 60 days of New Client Sign-up Date with M1. Click here to get started.
Terms and Conditions
Promotion Period: February 19, 2022 through May 12, 2022
In order to be eligible for this ACATS Transfer Promotion, the New Client Sign-up Date with M1 must be during the Promotion Period. “New Client Sign-up Date” is defined as the day a new client submits a valid email and password creating a user login for M1 Finance. Thereafter, within the first sixty (60) days from your New Client Sign-up Date on M1, you must initiate a direct broker transfer(s) of at least $100,000 (from participating brokerages).
This ACATS Transfer Promotion offer is valid only for direct broker transfers received through the Automated Customer Account Transfer Service (“ACATS”). Any Promo Credit1 earned for eligible transfers will be paid 150 days after the New Client Sign-up Date with M1.
This offer is non-transferable, and not valid with any of the following: internal transfers, ACH deposits (bank transfers), wire transfers, direct 401(k) rollovers, or in conjunction with other promotional offers M1 Finance or may offer from time to time. If you satisfy the aforementioned conditions, M1 will make a one-time deposit into the cash balance of your M1 taxable investment account in accordance with Table 1 below (Note: the following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust).
Cryptocurrency is not eligible for ACATS. Additionally, any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.
The Promo Credit amount (see Table 1 below) will be based on the aggregate Account Value2 of all brokerage accounts or IRAs transferred within the initial 60 days of new client sign-up date. The aggregate “Account Value” is determined as the current market value of all holdings and cash on the day the transfer is completed. Account Value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading, market volatility or margin debit balances) at time of ACATS Transfer Promotion pay out. 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. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
Taxes related to any M1 Finance 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.
ACATS Transfer Promo
|Account Value1||Promotional Credit ($)|
|$100,000 – $249,999.99||$250|
|$250,000 – $499,999.99||$500|
|$500,000 – $999,999.99||$1,000|
Transfers completed retroactively, or before the Promotion Period, are ineligible for this ACATS Transfer Promotion.
General Conditions: By participating in this ACATS Transfer 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 ACATS Transfer 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.
This promotion expires at 12:00pm ET on the last day of the Promotion Period. M1 is the sole timekeeper of this promotion.