Whether this is the first time you’re connecting an external bank to an M1 account, or you want to change your current bank connection, please keep the following in mind:
You can only connect one external bank account to your M1 account at a time.
You can change your connected bank up to three times a day.
M1 connects with almost all US retail banks. However, there are a handful of institutions not supported by M1. If your bank is found on this list, you’ll need to connect a different one.
You can only connect a checking or savings account to M1. You cannot connect a trust account or another brokerage account as your external bank.
You won’t be able to establish a bank connection until your email is verified. To verify your email, check to see if you received a verification email from M1 and click the link.
If you run into trouble connecting your bank on Web, please disable your ad blockers and try again.
Where to manage bank connection
How you navigate to your bank connection page depends on what M1 accounts you currently have open. Before you begin, ensure you don’t have any pending scheduled transfers.
M1 investment accounts only
When you only have M1 invest accounts, you can manage your bank connection on the Web, iOS, and Android devices.
Navigate to the Invest tab and select the M1 investment account you’re changing the bank connection for or click here
Select the “Bank Connection” tab
Select “Change” and confirm
Your current bank connection will become unlinked so you can connect a new bank account or reconnect a previously connected account.
If you don't see the "Bank Connection" tab follow the steps below.
M1 Savings or Cash Accounts with M1 investment accounts
When you have an M1 High-Yield Savings or M1 High-Yield Cash Accounts, you can manage your bank connection on an iOS device or the Web.
iOS
On the Home screen, scroll down and tap “All transfers” above the Recent Transfers section or tap here
Tap on the name of your current bank account under “Linked bank”
Tap “Change"
Web
From the Home screen, click the name of your current bank account next to the “Move Money” button.
Click “Connect a new bank”
Your current bank connection will become unlinked so you can connect a new bank account or reconnect a previously connected account.
Plaid
Once you arrive at your bank connection page, Plaid has a few different methods to securely connect your M1 account to your bank depending on what your bank supports.
Instantly
Search for your bank and select it.
Enter your online banking credentials (the login you use for your banks app or website).
Select the account you want M1 to connect to.
Confirm
Same Day Micro-deposits
Search for your bank
At the end of the search results under “Don’t see your bank?” select “Link with account
numbers”Enter your account and routing numbers.
Confirm your name and account type.
Authorize Plaid to make a deposit of $0.01 to your bank account.
In 1-2 business days the deposit will post to your bank account. Review the transaction description in your external account to locate your verification code.
Return to the bank connection tab and enter the code.
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.
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