Our verdict
M1 Spend is a digital checking account that seamlessly integrates into the M1 Finance investing platform. It's ideal for current or soon-to-be M1 investors who want to manage their bank and investment accounts in one place. It also has few fees and no minimum balance requirements, along with some ATM reimbursements depending on your membership plan. There is a catch: you need to have an M1 Plus membership - to the tune of $125 a year - to earn interest and cash back on your account.Best for: Customers that want to manage their investments and checking account in one place.
- Earn 3.3% APY and 1% cash back with M1 Plus
- Up to 4 ATM reimbursements per month depending on your plan
- Integrates with investment account
- M1 Finance investing account required
- No APY or cash back for basic account
- Limited customer support