M1 Plus, M1’s premium membership, ended in 2024. All former M1 Plus features are now available to all clients—no membership required. This article explains what changed, how refunds were handled, the new $3 monthly platform fee, and answers frequently asked questions about this transition.
About M1 Plus (historical overview)
M1 Plus was M1’s premium subscription from its launch through May of 2024. For $125/year, members received benefits such as:
Smart Transfers
1.5% APY on M1 High-Yield Savings
1% cash back and 1.5% APY on M1 Checking
Morning and Afternoon trading window for Invest accounts
Lower M1 Borrow rates
As of May 15, 2024, all of these features are standard for all clients.
Understanding the $3 Monthly Platform Fee
As of May 15, 2024, all clients are subject to a $3/month platform fee unless they meet certain waiver criteria.
The $3 fee covers ongoing access to investing, banking, automation tools, and platform support—there are no other required membership fees.
Platform Fee waiver criteria
You will not be charged the $3 monthly fee if:
You have $10,000 or more in total M1 assets across all M1 accounts (including Invest, Retirement, Savings, and Cash accounts)
OR you have an active M1 Personal Loan
Tip: The asset threshold is calculated based on your combined balances across all eligible M1 accounts.
How to check your Platform Fee status
Log in to your M1 account.
Click your profile icon.
Go to Settings.
Select Platform Fee.
View your current platform fee waiver status:
"Waived"
"Will be waived next billing cycle"
"Currently paying $3/month"
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This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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