M1 is offering a $100 bonus for opening a new M1 Spend Checking Account. To be eligible, you need to open the spend checking account and deposit $2,500 within the first 14 days and hold that balance for the next 30 days. The offer is valid online and is available nationwide.
M1 calls itself “The Finance Super App” and allows you to invest, borrow, and spend on one intuitive platform. M1 Spend Checking account has no account fee and no minimum balance requirements. Besides the Spend checking bonus, they also have bonus for M1 Invest account and M1 Credit Card.
M1 Spend Bonus Summary
Bonus – $150
Account – Checking
Direct Deposit – Not required.
Availability – Nationwide
Offer Expiry – March 31, 2022
Account Fees – None
M1 Spend Bonus Requirements
- Open a new M1 Spend Checking account online
- Deposit $2,500 within the first 14 days of account opening
- Maintain your balance for 30 days for a $100 bonus deposit.
M1 Account Fee | How to Avoid It?
- There is no account fees.
Early Account Termination Fees
There is no early termination fees. We recommend to keep the account open for at least 180 days.
The Fine Print
- Starting on January 28, 2022 through March 31, 2022 (the “Promotion Period”), all customers who meet the eligibility requirements described below will be eligible to receive a one-time cash reward of one hundred dollars ($100) deposited into your M1 Spend checking account (the “Promotion”).
- To be eligible for this Promotion, and solely during the Promotion Period, you must (1) have successfully opened an M1 Spend checking account; AND (2) have made an aggregate deposit of at least $2,500, within the first fourteen (14) days of M1 Spend checking account open date.
- You are only eligible to receive a one-time cash bonus of one hundred dollars ($100) (the “Promotional Credit”) under this Promotion. The Promotional Credit will be deposited into your M1 Spend checking account on May 13, 2022 (the “Pay-out Date”) provided that you satisfy the conditions stated herein.
- M1 reserves the right to revoke the Promotional Credit cash deposit if the total aggregate transferred deposited value is not retained in your M1 Spend checking account until the Pay-out Date.
Although the bonus amount for M1 Spend Checking account is on the low end of bonuses offered by banks for opening a new checking account, the fact that you only need to deposit $2500 and hold it for about 43 days, without the need for any direct deposit, makes this is an average offer.