If you already have funds invested on another platform, you can earn big when you transfer funds to an M1 Finance account.
Right now, you can earn a bonus of up to $10,000 for making the switch. This is one of the largest bonus they've offered to date! This time around they've halved the minimum to qualify ($50K).
All you have to do is open a new account that matches the type you’re transferring from, upload some documents, and you’ll be in line for the bonus.
The total bonus that you get depends on the amount of your transfer:
- $50,000 – $249,999.99: $250
- $250,000 – $499,999.99: $1,000
- $500,000 – $999,999.99: $2,000
- $1,000,000 – $1,999,999.99: $4,000
- $2,000,000+: $10,000
What's more, if you're a new M1 Invest customer, you can stack this bonus with their new account bonus, which offers $75-$500.
How To Earn The Bonus
The M1 Invest [ACATS Transfer] promotion requires you to deposit and maintain a minimum balance in order to earn the up to $10000 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- This ACATS Transfer Promo offer is valid only for direct broker transfers received through the Automated Customer Account Transfer Service (“ACATS”).
- 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.
- 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 ACATS Transfer Promo amount will be based on the aggregate value 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 Promo 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.
- Reallocation of any Transfer Account Value funds transferred for this Promotion either externally, or internally to any other M1 services, prior to the Payout Date will disqualify you from the Promotion.
Why M1 Finance?
M1 Finance is a personal finance app that offers investing, loans, and a high yield savings account. M1 Finance’s investing tools allow you to customize your own investment strategy and utilize automation to keep it in balance.
M1 Invest is the foundational product for the M1 Finance platform. You'll have access to commission-free trades, a suite of automation tools, and the flexibility to choose between a DIY, custom portfolio made up of individual stocks and ETFs, or opt instead for "pre-baked" expert pies.
You can also attach an M1 Borrow account, which will let you borrow up to the 35% of your Invest portfolio at a super-low interest rate of 2% or 3.5%, while leaving your actual investments intact so that they can continue to grow. It's the kind of borrowing that's usually reserved for the ultra rich.
M1 Invest does not charge a monthly fee.
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