You can fund your M1 High-Yield Cash Account by connecting an external bank, sending a wire, or setting up direct deposit. This guide explains each funding option, daily limits, and transfer times.
Funding with connected bank (ACH transfers)
You can connect your external bank account to M1 instantly using Plaid, a secure service trusted by thousands of institutions. M1 won’t store your bank credentials, and you can change your connected bank at any time.
Learn more about managing your external bank connection.
Notes:
Plaid securely authenticates and verifies your bank account.
Learn more about Plaid’s privacy and security.
Most major U.S. banks are supported.
ACH transfer limits
The daily ACH limit for deposits into your M1 High-Yield Cash Account is $120,000.
Tip: If you need to deposit more than your daily ACH limit, you can consider a wire transfer (see below).
ACH transfer timing
ACH transfers may take up to 4 business days to be available in your Cash Account.
Funding by wire transfer
Wire transfers allow you to deposit any amount directly into your M1 High-Yield Cash Account.
Provide your external bank with 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 Number: 2501864
Memo: Your Full Name - Your M1 Cash Account Number - Your Address
Important: Be sure to include your full name, M1 Cash Account number, and address in the wire memo to ensure your deposit is credited correctly.
Wire transfer timing & fees
Wire transfers initiated before 3:00 pm CT are typically credited on the same business day.
M1 does not charge a fee for incoming wire transfers. The delivering institution may charge a fee for sending a wire.
Funding via direct deposit or external transfer
You can deposit money directly from any external bank using your M1 routing and account numbers.
To find your M1 Cash Account routing and account numbers:
Log in to your M1 account.
Select High-Yield Cash Account.
Tap or click Account details to view your routing and account numbers.
Use these numbers to set up a transfer from your external bank or employer.
Direct deposit timing
Transfers typically post within 1–2 business days, depending on your financial institution.
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.
SAIF-08262025-nyrlierx