This article details how to send and receive wire transfers for your M1 High-Yield Savings and M1 High-Yield Cash Accounts. You’ll find step-by-step directions by account type, timelines, fee details, troubleshooting tips, and a quick comparison of wires vs. ACH transfers.
Important notes
M1 High-Yield Savings Account numbers begin with “10”.
M1 High-Yield Cash Account numbers begin with “15”.
You can find all your account numbers in the “Accounts” section of your M1 settings.
Incoming wire transfers
For M1 High-Yield Savings Account
On Web & iOS
Log into your M1 account.
Go to your Home screen.
Select Move Money.
Tap More options.
Choose Wire transfer.
Select your M1 High-Yield Savings Account.
Provide the bank details shown to your external bank to initiate the wire.
On Android
Use these wire instructions:
Receiving Bank: United Banker’s Bank
Bank Address: 1650 W 82nd Street, Suite 1500, Bloomington, MN 55431
ABA (Routing Number): 091001322
Beneficiary Name: B2 Bank
Beneficiary Address: PO Box 706, Buhl, MN 55713
Beneficiary Account: 2501864 (not your Savings Account number)
Memo: “Customer Full Name” – “Savings Account Number” – “Customer Address”
Tips:
Do not use 2501864 as your personal account number.
To find your customer account number:
Go to the Earn tab.
Select your M1 High-Yield Savings Account.
Select Account details.
Timeline
Most incoming wires post to your M1 account within 1 business day after M1 receives the funds.
Cut-off time for same-day processing is 12 PM CT.
Fees
Incoming wire fee: $0 (M1 does not charge to receive a wire.)
Your sending bank may charge fees.
For M1 High-Yield Cash Account
On Web & iOS
Log into your M1 account.
Go to your Home screen.
Select Move Money.
Tap More options.
Choose Wire transfer.
Select your M1 High-Yield Cash Account.
Provide the bank details shown to your external bank to initiate the wire.
On Android
Use these wire instructions:
Receiving Bank: United Banker’s Bank
Bank Address: 1650 W 82nd Street, Suite 1500, Bloomington, MN 55431
ABA (Routing Number): 091001322
Beneficiary Name: B2 Bank
Beneficiary Address: PO Box 706, Buhl, MN 55713
Beneficiary Account: 2501864 (not your Cash Account number)
Memo: “Customer Full Name” – “Cash Account Number” – “Customer Address”
Tips:
Do not use 2501864 as your personal account number.
To find your Cash Account number:
Go to the Earn tab.
Select your M1 High-Yield Cash Account.
Select Account details.
Timeline
Incoming wires will typically post to your account within 1 business day after funds are received.
Cut-off for same-day processing is 12 PM CT.
Fees
Incoming wire fee: $0 (M1 does not charge to receive a wire.)
Your sending bank may have fees.
Warning: These instructions work only for wire transfers. ACH transfers or direct deposits using these instructions will be returned.
Outgoing wire transfers
Sending a wire from Your M1 High-Yield Savings or High-Yield Cash Account
Complete the Outgoing Wire Form for your account type:
M1 High-Yield Savings Account numbers begin with “10”.
M1 High-Yield Cash Account numbers begin with “15”.
You’ll need to provide:
Amount to wire
Reason for wire
Receiving bank’s wire instructions
Upload a photo of a non-expired government-issued photo ID
Ensure your sender address matches the address on your M1 account.
Submit the form. M1’s wire team will review and process after verification.
Timeline
Outgoing wires received before 12 PM CT are typically sent same business day, provided all information is correct.
Requests after 12 PM CT will be sent next business day.
Fees
Outgoing wire fee: $25 (per outgoing domestic wire)
Requirements
For transfers under $10,000, please create an ACH transfer.
For transfers $10,000 or over: You may use ACH or wire transfer.
Wire vs. ACH Transfers: Which to Use?
| Wire Transfer | ACH Transfer |
Speed | Same or next business day (when received before 12 PM CT) | 2–5 business days |
Fee (Incoming) | $0 (M1) | $0 (M1) |
Fee (Outgoing) | $25 (M1) | $0 (M1) |
Min/Max Amount | Min: $10,000 for outgoing | Min: $10 |
Best for | Large/urgent transfers | Smaller, routine transfers |
Troubleshooting & common issues
Wire not received?
Confirm the sending bank used the exact wire details (including the Memo). Mismatched info or missing Memo may cause delays.
Information mismatch
Outgoing wires must have your M1 account address. Mismatches may delay or block your transfer.
Cut-off times
Requests after 12 PM CT are processed next business day.
Frequently asked questions
How do I find my Savings or Cash account number?
In the M1 app or web, go to “Accounts,” select your account, then “Account Details.”
Can I wire money internationally?
Outgoing and incoming wire transfers are available for domestic (U.S.) banks only.
Why was my wire returned?
The most common reasons are using the wrong account number, missing Memo details, or sender address not matching your M1 profile.
Related articles
M1 is not a bank. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 High-Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC.
M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member FINRA / SIPC. M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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