M1 Finance Review | Invest + Borrow + Spend (2024)

Welcome to my M1 Finance review! In this article, I will provide an in-depth analysis of this all-in-one money management platform that allows you to invest, borrow, and spend with ease. Whether you’re new to investing or a seasoned investor, M1 Finance offers a comprehensive suite of features to help you achieve your financial goals.

M1 Finance combines the convenience of a robo-advisor with the control and flexibility of an online brokerage. With customizable portfolios, free investing, and best-in-class security measures, this platform has gained popularity among investors of all levels. Additionally, M1 Finance offers an FDIC-insured checking account with interest and cash back, as well as low-interest loans to meet your financial needs.

Key Takeaways:

• M1 Finance is an all-in-one money management platform that allows you to invest, borrow, and spend.
• It offers customizable portfolios, free investing, and top-notch security measures.
• M1 Finance provides an FDIC-insured checking account with interest and cash back.
• The platform also offers low-interest loans to meet your financial needs.
• Whether you’re a beginner or an experienced investor, M1 Finance has something to offer.

Who Is M1 Finance Best For?

If you’re new to investing or prefer a hands-off approach to managing your portfolio, M1 Finance is the perfect platform for you. With its innovative pie-based investing system, M1 Finance simplifies the process of building and understanding your portfolio. Whether you’re a beginner or an experienced investor, M1 Finance offers a wide range of investment options to suit your needs.

When it comes to platform features, M1 Finance provides a seamless investing experience with no management fees or trading commissions. This means that you can invest in stocks, ETFs, and other investment options without worrying about additional costs eating into your profits. M1 Finance puts you in control of your investments, allowing you to build a diversified portfolio that aligns with your financial goals.

The Pie-Based Investing System

One of the standout features of M1 Finance is its unique pie-based investing system. This system allows you to create a customized investment portfolio made up of different “slices” or asset allocations. Each slice represents a specific investment, such as a stock or ETF. By allocating percentages to each slice, you can easily tailor your portfolio to your desired risk and return preferences.

M1 Finance’s pie-based investing system offers several advantages:

• Easy to use: The intuitive interface makes it simple to build and manage your portfolio, even if you have little to no investing experience.
• Visual representation: The pie chart visualization gives you a clear snapshot of your portfolio’s composition and helps you understand how your investments are allocated.
• Automated rebalancing: M1 Finance automatically rebalances your portfolio to maintain your desired asset allocations. This ensures that your investments stay in line with your desired risk and return profiles.

Here’s an example of what a pie-based portfolio might look like:

Investment	Allocation
Technology Stocks	30%
Bond ETFs	20%
Real Estate Investment Trusts (REITs)	25%
International Stocks	15%
Index Funds	10%

Wide Range of Investment Options

M1 Finance provides a diverse selection of investment options to choose from. Whether you’re interested in stocks, ETFs, or even fractional shares, M1 Finance has you covered. Here are some of the investment options available on the platform:

• Stocks: Invest in individual stocks of companies across various industries and sectors.
• ETFs: Access a wide range of exchange-traded funds that provide exposure to different asset classes, sectors, and regions.
• Fractional shares: M1 Finance allows you to buy fractional shares, meaning you can invest in expensive stocks without having to purchase a whole share.
• Expert Pies: If you prefer a more hands-off approach, M1 Finance offers pre-built portfolios created by financial experts. These expert pies provide diversified exposure to specific investment themes or strategies.

With M1 Finance’s extensive investment options, you have the flexibility to create a portfolio that aligns with your investment objectives and risk tolerance.

Investing made easy! With M1 Finance’s pie-based investing system and wide range of investment options, you can easily build and customize your portfolio without the hassle of management fees or trading commissions.

Who Might Want To Choose M1 Finance?

If you’re just starting your investing journey, M1 Finance is an excellent choice for you. The platform’s pie-based investing system allows you to customize your portfolio and achieve your investing goals. With M1 Finance, you have the flexibility to choose the assets you want to include in your pie, whether it’s individual stocks, ETFs, or a combination of both. This gives you full control over your investments and allows you to align them with your financial objectives and risk tolerance.

One of the standout features of M1 Finance is its pricing. Unlike many other platforms, M1 Finance does not charge any management fees or trading commissions. This means you can invest in the assets you want without worrying about incurring additional costs or fees that eat into your returns.

Additionally, M1 Finance offers an interest-bearing checking account, providing a seamless integration between your investing and banking needs. You can easily manage your investments and day-to-day finances in one place, simplifying your financial life. M1 Finance also offers low-interest loans, giving you access to cash when you need it most.

When it comes to performance, M1 Finance has received positive reviews from customers. The platform’s intuitive interface and robust features have helped investors achieve their financial goals. Whether you’re saving for a milestone or building long-term wealth, M1 Finance can support you along the way.

In summary, M1 Finance is an ideal choice for those who want to take control of their investments, minimize fees, and enjoy the benefits of a seamless integration between investing and banking. The platform’s pricing, performance, and user-friendly features make it a compelling option for individuals looking to start their investing journey or enhance their current investment strategy.

Who Might Want To Skip M1 Finance?

While M1 Finance offers many benefits, it may not be the right fit for everyone. Here are some factors to consider:

Limited Control for Hands-On Investors

If you prefer to have full control over your investments and enjoy actively managing your portfolio, M1 Finance may not meet your needs. The platform’s pie-based investing system is designed for a more passive approach, which may not align with hands-on investing strategies.

No Access to Mutual Funds

It’s important to note that M1 Finance doesn’t provide access to mutual funds. If you have a specific interest in investing in mutual funds, you may need to explore alternative platforms or investment options.

Restricted Trading Windows

Active traders who rely on frequent trading throughout the day may find M1 Finance’s limited trading windows to be a hindrance. The platform currently offers two trading windows per day, which may not provide the flexibility and immediacy desired by active investors.

M1 Plus Account Required for Enhanced Features

While M1 Finance offers various features, such as checking and loan options, some of the best features are only available with the M1 Plus account. This account comes with a yearly cost, which may not be suitable for those looking for a completely free financial management solution.

No Tax Loss Harvesting

Another limitation of M1 Finance is the absence of tax loss harvesting. Tax loss harvesting can be a valuable strategy for minimizing tax liabilities, especially for high net worth individuals or those with significant taxable investments.

In summary, M1 Finance may not be the ideal choice for hands-on investors seeking complete control, access to mutual funds, or frequent trading opportunities. Additionally, the best features and tax loss harvesting are only available with the M1 Plus account, which comes with an annual fee. It’s important to evaluate your investing preferences and requirements before deciding if M1 Finance aligns with your financial goals.

Types of Accounts Available

M1 Finance offers a variety of account types to cater to different investing needs. Whether you’re an individual investor, want to invest jointly with a partner, plan for retirement, or manage trust investments, M1 Finance has you covered.

Here are the main types of accounts available:

• Individual Account: This is a taxable brokerage account designed for individual investors. It allows you to invest in stocks, ETFs, and other securities while enjoying the benefits of M1 Finance’s platform.
• Joint Account: If you want to invest with a partner, M1 Finance offers joint brokerage accounts. It’s a great option for couples or business partners who want to manage their investments together.
• Retirement Accounts: M1 Finance provides a range of retirement account options, including Traditional IRAs, Roth IRAs, SEP IRAs, and rollover 401(k)s. These accounts are designed to help you save for retirement with tax advantages.
• Trust Account: M1 Finance also offers trust accounts for easy management of trust investments. Trusts are commonly used for estate planning and asset protection.

Linking a Checking Account

In addition to the above account types, M1 Finance provides a free checking account that can be linked to any of your investments. This allows you to seamlessly move funds between your checking account and investment accounts, giving you greater flexibility and control over your finances.

By linking your checking account, you can easily deposit funds into your M1 Finance account, make investments, and withdraw money when needed.

“M1 Finance offers a range of account types, including individual, joint, retirement, and trust accounts, making it easy to manage your investments based on your needs.”

Having different account types allows you to organize your investments effectively and take advantage of tax benefits or specific investment strategies that suit your financial goals. Whether you’re saving for retirement, investing jointly with a partner, or managing a trust fund, M1 Finance has the right account type for you.

M1 Invest

When it comes to investment strategies, M1 Finance offers a diverse range of options to cater to various financial goals and risk preferences. With M1 Invest, users can open individual, joint, retirement, or trust accounts without any fees. This flexibility allows investors to choose the account type that best suits their needs and objectives.

The M1 Invest platform provides a visually appealing interface that is user-friendly, making it accessible even to beginners in the investing world. The platform offers a wide selection of stocks and funds to choose from, giving investors the opportunity to customize their portfolios according to their preferences and investment strategies.

What sets M1 Invest apart is its unique pie-based investing system. This innovative approach allows investors to build their portfolios using a pie-chart-like structure, where each slice represents a specific investment. This system not only simplifies portfolio management but also provides a clear visualization of asset allocation and diversification.

With M1 Invest, there are no management fees or trading commissions, allowing investors to focus on their investment strategies without worrying about additional costs eating into their returns. This fee-free structure makes it an attractive choice for both beginners and experienced investors looking to optimize their investment strategies.

For investors who prefer a more hands-on approach, M1 Invest also offers built-in automated trading. This feature allows investors to set parameters for automatic trades based on their predetermined investment strategies and preferences. This automation saves time and effort, ensuring that investments are executed seamlessly according to the desired strategy.

Overall, M1 Invest provides an excellent platform for investors to implement their investment strategies. Whether investors are new to the world of investing or seasoned veterans, M1 Invest offers the tools and features necessary to build and manage a successful investment portfolio.

Additionally, the M1 Invest platform offers excellent resources and educational materials to help investors make informed decisions. With access to market research, news, and expert insights, investors can stay up-to-date with the latest market trends and incorporate relevant information into their investment strategies.

Investing with M1 Finance is not just about numbers and charts; it is about empowering individuals to take control of their financial future through strategic investment decisions. With M1 Invest, investors can access a wealth of investment options, a user-friendly interface, and innovative features to implement their investment strategies effectively.

M1 Borrow

When it comes to managing your finances, M1 Finance goes beyond just investing and spending. With M1 Borrow, you have access to a range of borrowing options to meet your short-term needs. Whether you want to pay down high-interest debt or need funds for an emergency or investment opportunity, M1 Borrow has you covered.

One of the standout features of M1 Borrow is its competitive interest rates. Starting as low as 2%, these rates make it an attractive option for consolidating debt and saving money on interest payments. With M1 Borrow, you can consolidate multiple loans into a single portfolio line of credit, simplifying your payment process and potentially saving you thousands of dollars.

Managing your borrowing needs through the M1 Finance app is a breeze. The user-friendly interface allows you to easily navigate through your borrowing options, review the terms and conditions, and make decisions that align with your financial goals. Applying for and managing your loans are straightforward processes, ensuring a seamless user experience.

Whether you need funds for a short-term emergency or want to take advantage of investment opportunities, M1 Borrow provides a convenient and flexible solution. With its low interest rates, variety of loan options, and intuitive app interface, it’s no wonder why M1 Finance users appreciate the convenience and ease of using M1 Borrow.

So if you’re looking for a platform that offers not only investing and spending features, but also borrowing options to meet your financial needs, M1 Finance is the app to consider.

M1 Spend

M1 Spend is a checking account offered by M1 Finance. It provides users with a seamless banking experience connected to their portfolio, allowing for convenient management of finances.

With M1 Spend, you can:

• Direct deposit cash into your M1 Spend account.
• Transfer funds to and from your investments, making it easy to allocate money as needed.
• Make purchases with a cash-back debit card, providing a simple and rewarding way to spend.

M1 Spend functions like a traditional checking account, offering features such as:

• Online bill pay, allowing you to easily manage and pay your bills.
• Check writing, providing traditional check-writing capabilities when needed.
• ATM access to withdraw funds whenever necessary.

With competitive interest rates, M1 Spend offers the opportunity to earn more on your money than with a traditional checking account. The seamless integration with your portfolio allows you to have a complete view of your financial picture, making it easier to track your progress and make informed decisions.

Customers have raved about the convenient features and benefits of M1 Spend. Here’s what some of them have to say:

“I love how easy it is to manage my money with M1 Spend. Having my checking account connected to my investments makes it simple to move funds and track my overall financial health.” – Sarah, M1 Finance customer

“The cash-back debit card is a game-changer! I love being able to earn rewards on my everyday purchases while still having full control of my investment portfolio with M1 Finance.” – Mike, M1 Finance customer

Interest Rates Comparison

Account	Interest Rate
M1 Spend – Standard Account	0.10% APY*
M1 Spend – M1 Plus Account	0.25% APY*
Traditional Checking Account (Average)	0.04% APY**

*APY = Annual Percentage Yield. Interest is variable and subject to change.

**Average interest rate reported by the Federal Reserve for traditional checking accounts.

As you can see, M1 Spend offers competitive interest rates, allowing you to earn more on your money compared to a traditional checking account.

M1 Plus Account

If you’re looking to maximize the benefits of your M1 Finance experience, the M1 Plus account is the perfect option. By paying a yearly fee, you unlock a range of exclusive features in both banking and investing.

1. Higher Checking Account APY: With M1 Plus, you’ll enjoy a higher annual percentage yield (APY) on your checking account compared to standard M1 Finance accounts. This means your money works harder for you, helping you grow your savings faster.
2. Cash Back on Debit Purchases: One of the perks of the M1 Plus account is getting cash back on your everyday spending. Every time you use your M1 Finance debit card, you can earn rewards and put money back in your pocket.
3. Additional Trading Windows: M1 Plus members get access to more trading windows throughout the day. This means you’ll have more opportunities to make trades and adjust your portfolio, ensuring you stay on top of market movements.

With the M1 Plus account, you’re taking your M1 Finance experience to the next level. It’s the ultimate package for those who want enhanced banking and investing features in one comprehensive platform.

Whether you’re looking to earn more on your checking account, take advantage of cash back rewards, or have increased flexibility in your trading strategy, the M1 Plus account is designed to meet your needs.

Here’s a visual representation of the benefits of the M1 Plus account:

M1 Plus Account Benefits	M1 Finance Account
Higher Checking Account APY	Standard APY
Cash Back on Debit Purchases	No Cash Back
Additional Trading Windows	Standard Trading Windows

The M1 Plus account allows you to unlock the full potential of the M1 Finance platform. It’s the perfect choice for those who want to make the most out of their banking and investing experience.

How To Bank With M1 Finance

Banking and investing with M1 Finance is simple and convenient. Whether you’re new to finance or a seasoned investor, M1 Finance offers an easy-to-use platform that allows you to manage your finances and build your portfolio all in one place.

Here’s a step-by-step guide on how to bank with M1 Finance:

1. Open an Account

To get started, visit the M1 Finance website or download the M1 Finance app on your phone or tablet. Follow the prompts to sign up and create an account. It only takes a few minutes to complete the process.

2. Build Your Portfolio

Once your account is set up, you can start building your portfolio. M1 Finance offers a wide range of investment options, including stocks and ETFs. You can customize your portfolio by selecting the securities you want to include and setting your allocation percentages.

3. Manage Your Finances

The M1 Finance app provides a user-friendly interface that allows you to invest, bank, and manage your finances all in one place. You can easily track the performance of your investments, make deposits or withdrawals, and monitor your cash flow.

4. Access Additional Features

M1 Finance offers additional features like M1 Borrow and M1 Spend. With M1 Borrow, you can pay down loans or use funds for short-term emergencies or investments. M1 Spend is a checking account that allows you to direct deposit cash, transfer funds, and make purchases with a cash-back debit card.

With its intuitive platform and seamless user experience, banking with M1 Finance has never been easier. Start building your financial future today!

M1 Finance Banking Features	User Experience
Easy account setup	Intuitive platform
Customizable portfolio	User-friendly interface
Seamless integration with investments	Convenient management of finances
M1 Borrow for low-interest loans	Smooth and hassle-free transactions
M1 Spend for cash management	Effortless tracking and monitoring

Fees

When it comes to fees, M1 Finance offers a generally free and transparent pricing structure, making it an attractive choice for investors. Here are some points to keep in mind regarding costs:

1. No management fees or trading commissions: One of the key benefits of using M1 Finance is that there are no management fees or trading commissions. This means you can invest and manage your portfolio without worrying about incurring additional charges.
2. Additional fees: While M1 Finance is free to use, there are a few fees to be aware of. These include overnight mail fees, paper statement fees, and inactivity fees for accounts with periods of inactivity. It’s important to review the fee schedule on the M1 Finance website to familiarize yourself with these potential charges.
3. M1 Plus account benefits: M1 Plus is a premium account option that offers enhanced benefits to users who are willing to pay an annual fee. These benefits include a higher checking account Annual Percentage Yield (APY), cash back on debit purchases, and additional trading windows. M1 Plus account holders also enjoy fee discounts and other exclusive perks.

“M1 Finance provides a transparent fee structure, allowing investors to enjoy the benefits of investing without worrying about high management fees or trading commissions.”

Having a clear understanding of the fees associated with any investment platform is crucial for making informed decisions. While M1 Finance offers a fee-free investing experience for the most part, it’s important to consider any additional fees that may apply.

For a detailed breakdown of the fees and costs associated with M1 Finance, please refer to the fee schedule on their official website.

Fee Type	Description
Management Fees	No management fees for M1 Finance
Trading Commissions	No trading commissions for M1 Finance
Overnight Mail Fees	Fee applies for overnight mail services
Paper Statement Fees	Fee applies for paper statements
Inactivity Fees	Fees for inactive accounts

By understanding the fee structure, you can make the most of your investment journey with M1 Finance and take advantage of the benefits that best suit your needs.

Availability of Funds

When it comes to accessing your funds on M1 Finance, it’s essential to understand the processing times for deposits and withdrawals. Here’s what you need to know:

Deposits

If you’re depositing funds externally into your M1 Spend account, it typically takes 2-3 business days for the funds to be processed and appear in your account. On the other hand, if you’re depositing funds externally into your taxable or IRA accounts, you can expect the funds to be available within 1 business day.

Withdrawals

When it comes to withdrawing funds, the processing times differ depending on the type of account you’re withdrawing from.

• Withdrawals from your M1 Spend account to external accounts will generally take 2-3 business days to process.
• On the other hand, if you’re withdrawing funds from your IRA or taxable accounts, you can expect the processing time to be slightly longer, typically 3-5 business days.

It’s important to keep these processing times in mind when planning your finances and managing your funds on the M1 Finance platform.

For a better understanding, refer to the table below:

Transaction Type	Processing Time
External Deposit to M1 Spend Account	2-3 business days
External Deposit to Taxable or IRA Accounts	1 business day
Withdrawal from M1 Spend Account to External Accounts	2-3 business days
Withdrawal from IRA or Taxable Accounts	3-5 business days

This table summarizes the processing times for deposits and withdrawals on M1 Finance:

“I appreciate how M1 Finance ensures that deposits and withdrawals are processed in a timely manner. It gives me peace of mind knowing that I can access my funds when I need them.

– M1 Finance User

Summary

Overall, M1 Finance offers a wealth of benefits for beginners and passive investors. With its innovative pie-based investing system, customizable portfolios, and no management fees, it is an attractive option for those looking to start their investing journey. The platform also provides additional features like M1 Borrow and M1 Spend, which offer convenient ways to manage cash flow and access low-interest loans.

One of the key strengths of M1 Finance is its user-friendly platform that allows individuals to easily navigate and understand their investment portfolios. The pie-based investing system simplifies the process of creating a diversified portfolio, making it accessible even to those who are new to investing.

Furthermore, M1 Finance’s commitment to transparency and low fees sets it apart from many other investment platforms. With no management fees or trading commissions, users can invest without worrying about incurring extra costs. This, combined with a wide range of investment options including stocks and ETFs, provides investors with the flexibility to build a portfolio that aligns with their financial goals.

In addition to its investment services, M1 Finance also offers M1 Borrow and M1 Spend, which provide users with convenient ways to manage their finances. M1 Borrow allows users to access low-interest loans, providing them with additional liquidity when needed. M1 Spend, on the other hand, offers a seamless banking experience with features like direct deposit, fund transfers, and a cash-back debit card.

For users looking to maximize the benefits of the platform, M1 Plus offers enhanced features and benefits for a yearly fee. This premium account option provides higher checking account APY, cash back on debit purchases, and additional trading windows, among other benefits. While the free version of M1 Finance is already a powerful tool for investors, M1 Plus is worth considering for those who want to take advantage of the platform’s full potential.

Overall, M1 Finance is a comprehensive money management platform that combines investing, spending, and borrowing into one easy-to-use platform. With its focus on customization, low fees, and user-friendly interface, it is an excellent choice for individuals looking to improve their financial well-being and take control of their investments.

Pros	Cons
Customizable portfolios	Limited access to mutual funds
No management fees or trading commissions	Limited trading windows for active investors
Transparency and easy-to-understand interface	Some features require M1 Plus account, which has a yearly cost
M1 Borrow and M1 Spend features provide convenient ways to manage cash flow	No tax loss harvesting

Conclusion

In conclusion, M1 Finance is a comprehensive money management platform that is revolutionizing the way individuals invest, spend, and borrow. With its seamless integration of essential financial services, M1 Finance offers a valuable solution for those looking to take control of their financial well-being.

One of the standout features of M1 Finance is its user-friendly interface, making it accessible to beginners and passive investors alike. The platform’s intuitive design allows users to easily navigate through their investment portfolio, checking account, and borrowing options, all in one place.

Furthermore, M1 Finance’s performance has been impressive, with positive reviews from satisfied customers. The platform offers a range of investment options, including stocks and ETFs, enabling users to build a diversified portfolio aligned with their financial goals.

Whether you’re just starting your investing journey or seeking a more convenient way to manage your finances, M1 Finance provides the tools and resources you need to succeed. By combining investing, spending, and borrowing into a single platform, M1 Finance is empowering individuals to take charge of their financial future.

FAQ

Who is M1 Finance best for?

M1 Finance is best for people who are new to investing or prefer not to manage their portfolio manually. The platform’s pie-based investing system makes it easy to build and understand your portfolio. M1 Finance offers a wide range of investment options, including stocks and ETFs. It is suitable for individuals who want a seamless investing experience with no management fees or trading commissions.

Who might want to choose M1 Finance?

M1 Finance is a great choice for individuals who are just starting their investing journey. The platform’s pie-based investing system allows you to customize your portfolio and achieve your investing goals. M1 Finance also offers an interest-bearing checking account and low-interest loans, providing easy cash flow options. The platform’s performance has been strong, with positive reviews from customers.

Who might want to skip M1 Finance?

Hands-on investors who prefer more control over their investments may not find M1 Finance suitable. The platform does not offer access to mutual funds and has limited trading windows for active investors. Additionally, some of the best checking and loan features are only available with the M1 Plus account, which comes with a yearly cost. M1 Finance also does not provide tax loss harvesting.

What types of accounts are available with M1 Finance?

M1 Finance offers four main types of accounts: individual, joint, retirement, and trust. It also provides a free checking account that can be linked to any investments. The individual and joint accounts are taxable brokerage accounts, while the retirement accounts include traditional, Roth, SEP IRAs, and rollover 401(k)s. Trust accounts are available for easy management of trust investments.

What is M1 Invest?

M1 Invest allows users to open individual, joint, retirement, or trust accounts for free. The platform offers a wide range of stocks and funds to choose from, with a visually appealing interface and built-in automated trading. M1 Invest has a pie-based investing system that is easy to use and great for beginners. It does not charge management fees or trading commissions.

What is M1 Borrow?

M1 Borrow allows users to pay down loans or use funds for short-term emergencies or investments. With interest rates as low as 2%, M1 Borrow provides a convenient way to consolidate high-interest debt. The platform offers a portfolio line of credit and other loan options. Users can easily manage their borrowing through the M1 Finance app, ensuring a smooth user experience.

What is M1 Spend?

M1 Spend is a checking account offered by M1 Finance. It allows users to direct deposit cash, transfer funds to and from investments, and make purchases with a cash-back debit card. M1 Spend functions like a traditional checking account, with the added benefit of being connected to your portfolio. Customers have raved about the seamless experience and access to competitive interest rates.

What is M1 Plus Account?

M1 Plus is a paid account option offered by M1 Finance. By paying a yearly fee, users gain access to special banking and investing features. These include a higher checking account APY, cash back on debit purchases, and additional trading windows. M1 Plus is ideal for users who want to maximize the benefits of the platform and are willing to pay for the added features.

How can I bank with M1 Finance?

Banking and investing with M1 Finance is simple and convenient. The platform is fully online, allowing users to open an account and start building their portfolio in just a few minutes. The M1 Finance app offers an easy-to-use interface that allows users to invest, bank, and manage their finances all from their phone or tablet. The platform provides step-by-step instructions to guide users through the process.

Are there any fees associated with M1 Finance?

M1 Finance is generally free to use, with no management fees or trading commissions. However, there are some fees to be aware of, such as overnight mail fees, paper statement fees, and inactivity fees for accounts with periods of inactivity. M1 Plus account holders enjoy additional benefits and fee discounts.

How long do deposits and withdrawals with M1 Finance take?

M1 Finance typically takes two to three business days to process deposits and withdrawals. External deposits to the M1 Spend account take 2-3 business days, while external deposits to taxable or IRA accounts take 1 business day. Withdrawals from the M1 Spend account to external accounts also take 2-3 business days, while withdrawals from IRA or taxable accounts take 3-5 business days.

What is the summary of M1 Finance?

Overall, M1 Finance is a great value for beginners and passive investors. The platform’s pie-based investing system, no management fees, and customizable portfolios make it an attractive option for those looking to start their investing journey. The additional features of M1 Borrow and M1 Spend provide convenient ways to manage cash flow and access low-interest loans. M1 Plus offers enhanced benefits for users willing to pay for the premium account.

Our Friends

• https://www.choosefi.com/m1-finance-review/
• https://finance.yahoo.com/news/m1-finance-review-invest-borrow-210000147.html
• https://www.forbes.com/advisor/investing/m1-finance-review/