This guide explains how to send and receive wire transfers with your M1 Invest Account, required documentation, processing times, tracking your transfer, troubleshooting, and how wire transfers compare to ACH.
How to wire money into your M1 Invest account
Step-by-step instructions (Web & Mobile)
Log In: Access your M1 account from the web or mobile app.
Go to the Home Screen: This is your main dashboard after login.
Select "Move Money"
Choose "Wire Transfer"
Select Your Account: Choose the Invest account you want to fund.
Get Wire Instructions: The screen will display your unique wire deposit instructions, including the required account number and account name.
Provide to Your Sending Bank: Share these exact details with your external bank to initiate the wire.
Note: Incoming wires must include your valid M1 Invest account number and name in the transfer instructions. Wires missing this information will be returned to the sending bank.
Incoming wire processing time
Most incoming wires are credited on the same business day if received before your bank’s cutoff time, but it may take up to 1–2 business days to appear in your account, depending on processing times.
How to wire money from your M1 Invest account
Step-by-step instructions
Contact us through the messenger
and start a new message. Start a new message
Select “Transfers and Bank Connection”
Select “Outgoing Invest Wire”
If your wire is over $10,000, choose “Next Steps to Wire over 10k.”
Be ready with the following info:
Last 3 digits of your delivering M1 Invest Account
Amount to transfer
Recipient’s account and routing number
Reason for the wire
Additional documentation:
Personal external account (not connected to M1): Submit a recent statement from the recipient bank and a copy of your government-issued photo ID.
Third-party (not in your name): Submit a signed Letter of Acceptance from the receiving firm or institution.
You can upload documentation securely as directed by M1 support.
Outgoing wire processing & timing
Funds must be fully available and settled before initiating a wire.
Holding Period: New deposits have a six-business-day hold before being eligible for withdrawal.
Example: Deposit made Monday the 1st; earliest eligible wire transfer Tuesday the 9th.
Wire Submission Deadline: Requests with all necessary info received by 12 pm CST are typically processed same-day (best-effort basis, not guaranteed).
Completion Timeline: Outgoing wires can take up to five business days to fully complete, depending on external bank processing.
Fee: Outgoing wire transfers incur a $25 fee.
How to track your wire transfer
Incoming Wires: Check your account balance/activity feed for updates. Funds are posted as soon as received/cleared.
Outgoing Wires: After submission, you’ll receive confirmation and status updates via in-app chat and/or email.
If your funds haven’t posted in the expected time, contact M1 Client Success with your wire reference information.
Wire Transfer vs. ACH: Comparison Table
Feature | Wire Transfer | ACH Transfer |
Speed | Same-day to 1–2 business days | 1–3 business days |
Limits | Larger one-time transfers allowed | Daily/transaction limits |
Fee | $25 (outgoing) | Usually free |
Use Case | Large, urgent transfers; third-party transfers | Everyday transfers, moving funds between your own accounts |
Setup | Requires routing/account numbers and extra documentation | Simple authorization |
For transfers less than $10,000, consider using ACH: ACH Transfer Instructions.
Frequently asked questions
Can I wire out to a third-party or business?
Yes; a signed Letter of Acceptance and other verification may be required.
How do I check if my funds are settled and eligible for wire?
View your account dashboard’s available balance, or ask M1 support via chat.
Can I submit wire requests after business hours?
Requests are accepted, but next-day processing is likely.
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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