M1 Finance $100 Checking Bonus, No Direct Deposit Required


Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide
  • Direct deposit required: No
  • Additional requirements: Deposit $2,500+ and maintain balance for 30 days
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: March 31, 2022

The Offer

Direct link to offer

  • M1 Finance is offering a $100 checking bonus when you open a new m1 spend checking account and complete the following requirements:
    • Deposit $2,500 within the first 14 days
    • Maintain that balance for at least 30 days

The Fine Print

  • Beginning on January 17, 2022 through March 31, 2022 (the “Promotion Period”), you will be eligible to earn this twenty-five dollar ($25) promotional offer if you meet all of the following during the Promotion Period: (i) you renew your M1 Plus membership for a full calendar year; (ii) you have auto renew


  • To be eligible for this Promotion, and solely during the Promotion Period, you must (1) have successfully opened an M1 Spend checking account1; 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. If you satisfy the aforementioned conditions, M1 will make a one-time deposit of one hundred dollars ($100) into the cash balance of your M1 Spend checking account (the following accounts are ineligible to receive any direct cash deposit: accounts held by M1 Finance LLC).


  • 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. The Promotional Credit deposited by M1 is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. You must maintain a deposited value of at least two thousand five hundred dollars ($2,500) in your M1 Spend checking account for at least thirty (30) days from the date your deposited value is at least two thousand five hundred dollars ($2,500). 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.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I’m unsure if there is any EATF.

Our Verdict

I’m a little bit confused by the terms, as it talks about a $25 promotion that requires M1 Plus to receive (M1 Plus has a $129 annual fee). That seems to be a separate offer to the $100 checking bonus though. The $100 checking bonus itself is a great offer though as the requirements are easy to meet. I assume this is a soft pull but if somebody can confirm in the comments that would be fantastic.

M1 finance recently launched a $300 credit card bonus and also offers a $5,000 brokerage bonus.

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