The short answer
M1 FINANCE LLC represents a monthly platform subscription fee ($3.00/mo) or automated portfolio deposit from M1 Finance, an automated smart money platform combining custom pie-based investing, high-yield cash accounts, and margin borrowing.
Inside M1 Finance's pie investing platform
M1 Finance LLC is an SEC-registered broker-dealer and investment platform known for its customizable 'Pies' feature, which allows investors to automate portfolio rebalancing across custom slices of stocks and ETFs. Account debits display as M1 FINANCE LLC, M1 INVEST, or M1 PAYMENTS.
M1 Finance institutes a $3.00 monthly platform fee for clients whose total combined assets with M1 (across Invest and Earn accounts) remain under $10,000, unless the client holds an active open loan through M1 Borrow. This $3.00 charge is debited from connected external checking accounts or available cash balances every 30 days.
In addition to monthly platform fees, M1 executes automated recurring deposits that users configure under their Smart Transfers or auto-invest rules. When cash arrives from your bank, M1 automatically distributes the funds across your pie slices during daily trading windows.
Why the line item appears
- A $3.00 monthly platform fee assessed on accounts with total assets under $10,000.
- An automated recurring deposit scheduled to fund your customized investment Pie.
- An automated Smart Transfer scheduled based on checking account balance thresholds.
- A monthly interest charge assessed on an outstanding M1 Borrow portfolio loan.
Reviewing your M1 Finance settings
- Open the M1 mobile app or visit m1.com Navigate to the Activity tab to review itemized deposit records, trade executions, and monthly platform fee invoices.
- Check Recurring Transfers and Auto-Invest rules Go to Transfer > Recurring Transfers to view, edit, or pause scheduled electronic bank drafts.
- Liquidate holdings and close inactive accounts If you maintain less than $10,000 and wish to avoid the $3 monthly fee, liquidate holdings and submit an account closure request through Settings.
Frequently asked questions
Why is M1 Finance charging me $3.00 per month?
M1 charges a $3.00 monthly platform fee for users with less than $10,000 in total platform assets. Reaching $10,000 or using M1 Borrow automatically waives the fee.
Are investments and cash at M1 Finance protected?
Yes. Securities are SIPC-protected up to $500,000 via M1 Finance LLC, and cash deposits in the High-Yield Cash Account receive up to $3.75 million in FDIC insurance through partner program banks.
Independent reference — not affiliated with M1 Finance LLC. Billing names and policies change; verify with the merchant or your bank before acting.
Verified sources
Every claim on this page is checked against official sources — open them to confirm before you call your bank.
- M1 Finance - Platform Pricing and Fee Schedule https://m1.com/legal/disclosures/miscellaneous-fees/
- FINRA - BrokerCheck Profile for M1 Finance LLC (CRD #281242) https://brokercheck.finra.org/firm/summary/281242
Reviewed Sep 26, 2026 · high · About UnknownCharges