Understand fee charges on your M1 account statements, learn about M1’s current account and regulatory fees, and get tips for identifying, disputing, or avoiding common charges.
Identifying fees on your M1 statement
When a fee is charged, you’ll see it listed as a line item on your account statement, trade confirmation, or activity history. The fee description will match the service or event (for example: “Outgoing Transfer Fee,” “Regulatory Fee,” or “Paper Statement Fee”). Review your account statements or activity feed for detailed breakdowns of any fees assessed during that period.
If you are unsure why you were charged a specific fee, compare the description with the list below, or contact M1 Client Success for clarification.
M1 Invest account fee schedule
Fees may change. For the most up-to-date information, visit the M1 Help Center.
Account service fees – Requests for Paper Copies
Overnight mail – Domestic (per request): $125
Overnight mail – International/Canada (per request): $100
Paper confirm fee (paper delivery, per request): $2
Paper statement fee (paper delivery, per 50 pages): $5
Paper tax statement fee (per 50 pages): $5
Return mail (per piece): $2
Paper copy request for tax documents: $50
Account Maintenance
Minimum Balance Fee: Up to $50 (assessed on accounts with balances up to $50 and no activity for 90+ days)
Escheatment processing (per account): $75
TOD account transfer fee (per transfer): $200
Direct Account Transfers
Incoming transfers: $0
Outgoing transfers: $100
Computershare transfer (per security transferred): $115
Other fees
IRA termination fee (per event): $100
Mutual fund sales: $20
Liquidating securities traded on foreign exchanges: $50
Rights/Warrants/Tender Offer Exercise: $50
Charitable donation of stock (per security): $25
Miscellaneous Bank Fees—M1 Invest Account
Direct ACH deposits/withdrawals to linked bank: Free
Wire transfer (domestic): $25
Check request: $5
Returned checks/ACH/wires and recalls: $30
Amendment repairs: $30
ACH notice of change/correction: $5
Crypto purchases/sales: 1% (reflected in execution price)
Crypto transfer to external wallet: $150
Regulatory dees (Applied When You Sell a Security)
These are small pass-through fees imposed by government agencies:
SEC Fee: Total price of transaction x $0 / 1,000,000 ¹
TAF: $0.000166 per share on covered equity sales (max $8.30 per trade) ²
Fees are rounded up to the nearest penny. Trading American Depository Receipts (ADR) may also result in additional ADR pass-through fees.
Platform and IRA fees
Platform Fee: $3/month for clients who do not have an active M1 Personal Loan or whose M1 assets do not reach $10,000 at least one day during each billing cycle.
IRA Fee: $3/month for clients with an IRA who are not already charged a platform fee or do not meet platform fee exemptions.
How to dispute an incorrect fee
If you believe a fee was charged in error:
Review your statements and compare the fee to the list above.
Gather documentation (such as account statements or screenshots showing the fee).
Contact M1 Client Success and provide your account information and a description of the issue.
An M1 representative will review your account and respond with next steps.
How to avoid common fees
Opt for electronic delivery of statements and confirmations to avoid paper fees.
Keep your account active by making at least one deposit, trade, or transfer every 90 days to avoid the minimum balance fee.
Ensure accurate account information to reduce the chance of returned mail or failed transfers.
Check asset requirements to determine if you qualify to have the monthly platform or IRA fee waived.
Use ACH for deposits and withdrawals instead of wire or check requests to avoid extra charges.
Frequently asked questions (FAQs)
Why did I receive a regulatory fee?
Regulatory fees, such as SEC and TAF fees, are required by law and are automatically applied whenever you sell stocks or ETFs.
Why was I charged a platform or IRA fee?
If you do not have an active M1 Personal Loan or do not meet the minimum asset threshold ($10,000), the $3/month platform fee is charged. IRA accounts incur a fee unless you are eligible for an exemption or already pay the platform fee.
Can I have paper fees refunded if I switch to electronic delivery?
Switching to electronic delivery stops future paper fees but does not retroactively refund any past fees.
What happens if I keep my account balance low and inactive?
Accounts with up to $50 and no activity for 90+ days may be charged a minimum balance fee.
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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