Chase vs M1 Finance
Chase is a national bank with good promotions for new customers. How does it compare to M1 Finance? Read our comparison chart below.
Chase is one of the biggest banks in the nation with more than 4,700 branches and over 15,000 ATMs. They offer a variety of banking, loans and investing services.
While M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.
Compare Chase with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
![]() | ![]() | |
Visit Site | Visit Site | |
Chase | M1 Finance | |
---|---|---|
Chase Bank $200 Bonus - | M1 Investment Account - Up to $500 Bonus - | |
Benefits and Features | ||
Savings |
| |
Stock Trading | ||
Options Trading | ||
CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | |
Annual Fee | ![]() | |
Checking |
| |
Mutual Fund Trading | ||
Live Chat Support | ![]() | |
Banking | All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. | |
Mobile App | ![]() | |
Locations | ||
CreditDonkey® Reviews | ||
![]() | ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
|
Bottom Line | National bank with good promotions for new customers... | No-fee robo-advisor that allows you to choose your own investments... |
Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Chase: Pricing information and data points from published website as of 09/01/2023. M1 Finance: Pricing information from published website as of 02/28/2020 |
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
M1 Investment Account - Up to $500 Bonus
Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.
Deposited Value | Promotional Credit |
---|---|
$10,000 - $29,999.99 | $75 |
$30,000 - $49,999.99 | $150 |
$50,000 - $99,999.99 | $250 |
$100,000+ | $500 |
This offer is only for customers who have never registered for an M1 user account.
Transfer and Earn Up to $15,000
Complete an Automated Customer Account Transfer Service (ACATS) of at least $100,000 in aggregate and earn up to $15,000. Promotional credit will depend on the amount transferred to the account.
Transfer Account Value | Promotional Credit |
---|---|
$100,000 - $249,999.99 | $250 |
$250,000 - $499,999.99 | $1,000 |
$500,000 - $999,999.99 | $2,000 |
$1,000,000 - $1,999,999.99 | $4,000 |
$2,000,000 - $4,999,999 | $10,000 |
$5,000,000+ | $15,000 |
This offer is valid for new and existing M1 customers.
Commission Free Stock Trading
M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.