Miscellaneous Fees


Unlike other investing platforms, you’ll never be charged commissions or markups on any trades, a platform usage fee, or to deposit or withdraw from your connected bank— because we believe your money should work harder for you. But we also know some investors may request additional account operations from time to time. That’s why we offer the following services for a fee:


Request for paper copies
Overnight Mail – Domestic (per request)$125
Overnight Mail – International/Canada (per request)$100
Paper Confirm Fee (Retail Paper Only) (per request)$2
Paper Statement Fee (Retail Paper Only), (per 50 pages)$5
Paper Tax Statement Fee (Retail Paper Only), (per 50 pages)$5
Return Mail (per piece)$2

Account Maintenance
Inactivity fee: accounts with up to $20 & no activity for 90+ days.$20
Escheatment Processing (per account)$75
TOD Account Transfer Fee (per transfer)$200

Direct Account Transfers
DRS Transfers (per DRS security transferred)$115

IRA Termination Fee (per event)$100
Mutual Fund Sales$20
Liquidating securities traded on foreign exchanges$50
Rights Exercise Fee$50

Miscellaneous Bank Fees — M1 Invest
Wire Transfer (Domestic)$25
Check Request$25
Returned Checks/ACH/Wires and Recalls$30
Amendment Repairs$30
ACH Notice of Change/Correction$5
Please note: Direct ACH deposits from or to your connected bank account are always free.

Regulatory Fees

Regulatory expenses are mandated fees passed on to the consumer. These occur when users sell a stock or ETF, and often cost only a few pennies. For example, if you sell ten shares of Apple stock at $150 per share, you would pay a total of 4 cents in regulatory expenses — 3 cents in SEC fees and 1 cent in TAF fees. These costs are calculated as follows:

SEC (Securities Exchange Commission) Fee* = total price of transaction x $5.10 / 1,000,000
TAF (Trading Activity Fee) Fee* = shares sold x 0.000119 with a maximum of $5.95

*Fees are rounded up to the nearest penny

Please note when trading American Depository Receipts (ADR), fees may apply and are charged to you as the holder of the ADR.


Miscellaneous Bank Fees — M1 Spend
ACH Return Item Fee$30
Wire Transfer Fee$30

*Iowa State Sales Tax may apply if fee charged to a checking account.

Annual Subscription Fee$125

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M1 refers to M1 Holdings Inc., and its affiliates. M1 Holdings is a technology company offering a range of financial products and services through its wholly-owned, separate but affiliated operating subsidiaries, M1 Finance LLC and M1 Spend LLC.

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Brokerage products and services are not FDIC insured, no bank guarantee, and may lose value. Brokerage products and services are offered by M1 Finance LLC, an SEC registered broker-dealer, Member FINRA / SIPC.

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