Afternoon Trade Window: This new trade window, exclusively for M1 customers who are M1 Plus members, begins at 3pm EST *. To learn more about this feature, click here.
ATM Fees Reimbursement: M1 Spend does not charge ATM fees. M1 Plus members get reimbursed for up to 4 ATM fees charged by other institutions per month. M1 Plus members will receive their reimbursement by the 10th of the following month.
International Fee Reimbursement: When you use your Visa debit card outside of the United States and the merchant does not settle transactions in US dollars, you will be charged a 1% conversion fee.
When you use your Visa debit card outside of the United States, and the merchant does settle the transaction in US dollars, you are charged a 0.80% International Assessment fee. You will not be charged both fees at one merchant.
M1 Plus members are reimbursed for any international fees. You’ll notice credit to your account by the 10th of the following month.
Cash Back: M1 Plus members get 1%** cash back on qualifying debit card purchases. Debit card purchases are when the card is swiped or the 16 digit debit card number is entered online. Any transfers of funds, including those facilitated via a card transaction, are not eligible for cash back. Cash back from the previous month will be paid out by the 10th of the following month. Learn more about qualifying debit card purchases here.
Interest: M1 Plus members get 1% APY***. Interest is paid automatically on the last day of each month immediately following the interest accrual time.
M1 Borrow: M1 Plus members will receive a 1.5%**** reduction on the base rate for M1 Borrow so you can easily access money for even less. Learn more here: M1 Borrow Discount.
Smart Transfers: M1 Plus members can create Smart Transfers, or cash sweeps, between their M1 Spend and taxable Invest accounts. For more information on Smart Transfers, click here.
To learn more about M1 Plus click here.
* Participate in both windows daily when you have $25,000+ in your investment portfolio to comply with pattern-day-trading regulations
**Rates are variable and subject to change
***No minimum balance to open account. No minimum balance to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary
****M1 Plus Borrow rate is a reduction of the M1 Borrow base rate of 3.5%, which is variable and tracks the Federal Funds Rate. When the Federal Funds Rate goes up or down, the M1 Borrow base rate may follow.