M1 Finance IRA Promotion For 2024
M1 Finance IRA (ROTH and Traditional) promotions, cash bonuses, special offers for
opening a new taxable brokerage or retirement account.
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M1 Finance IRA Promotion
Open M1 Finance Account
M1 Finance IRA Promo #1 – Deposit Bonus
M1 Finance is offering two different bonuses to its customers. You can receive a cash bonus of up to $250 for depositing funds into a new account or up to $500 for transferring a brokerage account to M1 Finance.
The first bonus we'll discuss is the deposit bonus. By simply funding a new brokerage account, you can earn a cash payout of up to $250.
Here is everything you need to know to access the M1 bonus.
M1 IRA Deposit Bonus Details
When you open a new brokerage account at M1 Finance, you’ll need to deposit at least $5,000 to activate the bonus. To receive the full payout, you will need to make an ACH deposit of at least $50,000 within the first two weeks of the account.
The bonus amount depends on how much you deposit. M1 Finance uses a tiered schedule to determine the cash reward for new account holders.
Here is the tier schedule.
Eligible Accounts
To qualify for the deposit bonus, you need to open an M1 Invest account. Accounts like retirement accounts that are not taxable are not eligible for this bonus.
M1 IRA Promo Terms and Conditions
M1 Finance will deposit your bonus directly into your investment account.
You must use the ACH deposit method for new invest account deposits.
This deposit bonus is only available to new customers to M1 Finance.
M1 Finance IRA Promotion
Open M1 Finance Account
M1 Bonus #2 – ACAT Transfer Bonus
The second offer is the account transfer bonus. To access this bonus, you just need to transfer a brokerage account to M1 Finance using the automated account transfer service.
Here’s how it works.
M1 Transfer Bonus Details
M1 Finance offers up to $10,000 for transferring accounts. This larger cash bonus requires a significant financial commitment to activate.
You don't need 'new money' to qualify; simply transfer your existing brokerage account to M1, and you’ll earn a substantial bonus.
Using the M1 Finance ACAT transfer tool, you can apply to transfer part or all of an investment account quickly.
ACAT transfers typically complete within 7 days, although complications could extend this timeframe.
Like the deposit bonus, the ACAT transfer bonus also follows a tiered schedule, starting at a $100,000 minimum transfer. To earn the full bonus, transfer at least $1,000,000 in cash and assets.
M1 IRA Promo #2 Terms and Conditions
The ACAT promotion is valid until December 31, 2024.
This offer is available only to new customers.
Only ACAT transfers qualify for meeting the minimum funding amount. Other funding methods cannot be combined with this.
Account transfers must be completed within the first 60 days of opening the new account.
Only M1 Invest accounts are eligible for this bonus; retirement accounts do not qualify.
Cryptocurrencies cannot be transferred via ACAT. If your current account includes digital assets, you'll need to liquidate them first or conduct a partial ACAT.
The account transfer bonus is paid 150 days after the account opening.
Reasons to Choose M1 Finance
If you're unsure about opening a new account or transferring an existing one to M1 Finance, here are a few reasons investors prefer M1:
M1 Finance offers an ‘all-in-one’ solution that includes a brokerage account, retirement planning, cash management, and borrowing against your investments.
M1 also automates some aspects of portfolio management, helping you maintain your investment strategy.
You can trade fractional shares of all available U.S. exchange-listed stocks, ETFs, and ADRs.
M1 charges no commissions or fees for trades, and its margin rates are competitively lower than those at major brokers like Vanguard, Schwab, and Fidelity.
Updated on 10/1/2024.
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