Transfer a Brokerage account to M1 and earn up to $4,000

 

Getting started

From August 1, 2021 through September 12, 2021, transfer a brokerage or retirement account to M1 and earn up to $4,000. Here’s how to get started: 

  1. Get a copy of a recent account statement from your brokerage firm.  
  1. Ensure you have an account open 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 with the same accountholder names) 
  1. Submit a transfer request from another brokerage account during promotion period (between 08/01/2021 12:00 am ET and 09/30/2021 11:59 pm ET). Click here to get started. 
  1. Promotional credits will be paid to eligible clients by November 30, 2021. 

  

How much will I get?

Account transfer value Promotional Credit 
$10,000-$19,999.99  $40 
$20,000-49,999.99  $75
$50,000-$99,999.99  $100
$100,000-$249,999.99  $250
$250,000-$499,999.99  $500
$500,000-$999,999.99  $1,000
$1,000,000-$1,999,999.99  $2,500
$2,000,000+  $4,000

    

How do I get paid? 

All transfer promo payments will be paid to eligible clients by November 30, 2021.   

Once credited, you will see a Promotional Credit in the Activity section.   

  1. Navigate to “Invest”  
  2. Select your payment account (detailed below).  
  3. Select “Activity”  
  4. You will see your credit labeled “Promotional Credit”  

   

Payment accounts 

Promotional credits are deposited into your designated “Payment Account.”   

A payment account must be an individual or joint taxable brokerage account. It cannot be a retirement account.   

If you have more than one taxable account, you can change the payment account at any time from Settings>Payment.   

  1. Select the profile icon in the upper right-hand corner of the screen.  
  2. Click “Settings”   
  3. Click “Membership Details”  
  4. You can choose from eligible Invest brokerage accounts that appear in the payment methods list  

Without a valid payment account, you will not be able to receive your promotional credits.  

   

Terms and Conditions 

Beginning on August 1, 2021, this promotional offer is only valid for M1 customers who complete an Automated Customer Account Transfer Service (“ACATS”) on or before September 30, 2021 (the “Summer Promotion”). The M1 account must receive instructions to complete an ACATS no later than September 12, 2021 at 11:59 pm ET. Any unsuccessful ACATS will be deemed ineligible. This offer is non-transferable, and not valid with any of the following: (i) internal transfers, (ii) ACH deposits (bank transfers), (iii) wire transfers, (iv) direct 401(k) rollovers, (v) any customer having previously participated in a M1 ACATS transfer promotion and subsequently transferred the account value to a third party, (vi) or in conjunction with other promotional offers M1 Finance 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 Summer Promotion amount (see table above) will be based on the aggregate value of all brokerage accounts or IRAs transferred within the Summer Promotion period (August 1, 2021 through September 12, 2021). The aggregate account value is determined as the current market value of all holdings and cash on the day the transfer is completed. The transferred 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 the Summer Promotion pay out (the “Account Value”). Reallocation of any Account Value funds transferred during this Summer Promotion to any other M1 services (e.g., M1 Spend) prior to the 90th day after such transfer will disqualify you from the Summer Promotion. 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 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.   

 

Any Summer Promotion credits will not be applied for any transfer which has completed retroactively.   
This 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 offer at any time, to limit the amount of account bonuses you are eligible to receive, and to refuse or recover any promotion 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. This offer is not valid if the name on the M1 account is different than the name on the outside brokerage account requested for the ACATs.  
General Conditions: By participating in this Summer 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 Summer 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.  

 
Your Personal Information: Personal information collected in connection with this offer will be used in accordance with M1’s Privacy Policy. This promotion expires at 11:59pm ET on September 30, 2021. 

 

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