# M1: refer a friend

Canonical: https://dealaka.com/referrals/m1-refer-a-friend

This is what an EXISTING customer earns for referring someone. For what a new customer gets for opening the account, see the offer entry linked below.

- Status: live
- Referrer earns: $75 per approved referral
- Referred person earns: $75
- Cap: 10 per calendar year, per person
- Cap scope: per person
- Requirement: Deposit $10,000 within 30 days and hold it 30 more
- Tax form: 1099-MISC
- Link sharing: People you know only
- Institution: M1
- Verified: Jul 21, 2026 against m1.com
- Note: Dealaka links only the issuer's own program page and takes no share of any referral reward.

## Summary
M1 pays $75 to each side once the new client deposits $10,000 and leaves it in place for 30 days. The cap is ten referral bonuses per calendar year, and the link keeps working after that without paying anything, which is worth knowing before you hand it to an eleventh person.

## How the referrer gets their link
Open Refer and Earn from your name on web or the Invest screen on mobile. It is only visible once your account is funded.

- Share your referral link

## Tax treatment
M1 states referral bonuses are considered miscellaneous income and may be reportable on Form 1099-MISC, or Form 1042-S where applicable.

## When it pays
Within 14 business days of your friend opening and funding an account.

## Fine print that matters
- Past the cap your link still works but pays nothing. M1 states use of the link is not restricted, only the payment stops.
- M1 hosts two referral terms documents on its own domain and they disagree. A standing PDF still says $10 while the live promotion page says $75. Read the live page.
- The bonus pays into a designated non-retirement account you nominate.
- A 90-day holding period applies before the bonus can be withdrawn externally.
- M1 runs a separate referral on its High-Yield Cash Account paying an APY boost rather than cash, capped at two. It is a different program.

## Sources
- m1.com referral promotion terms <https://m1.com/promo/referral/> (checked Jul 21, 2026)

_This entry is reference information, not financial or tax advice. Referral terms change without notice and the figure shown to you may differ from the one shown to someone else. Confirm on the issuer's own page._