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How to fund my M1 High-Yield Savings Account
How to fund my M1 High-Yield Savings Account
Updated over a week ago

We are temporarily pausing new M1 High-Yield Savings Accounts from being opened at this time.

Connect your bank account instantly

Using Plaid, a secure third-party bank data service, you can connect your bank account to M1 instantly.

M1 won’t store your bank credentials and you can change your connected bank if needed.

M1 works with Plaid to perform external bank account authentication and identity verification. Plaid is used by more than 7,000 apps and services and connects our clients to more than 12,000 financial institutions.

ACH limits:

The daily ACH limit on transfers into your M1 High-Yield Savings Account is $120,000. If you need to transfer more than your daily ACH limit, please see the wire transfers section below.

Transfer timing:

While bank connection is instant, transfers can take up to 4 business days to arrive in your M1 Savings Account.

Direct deposit

You can initiate deposits directly into your M1 Savings Account from your external bank using your M1 Savings routing and account numbers.

Your Savings routing and account numbers can be found by:

  1. Select High-Yield Savings Account

  2. Account details

Transfer timing:

This can take up to 1-2 business days, depending on your financial institution.

Wire transfer

You can wire any deposit amount into your M1 High-Yield Savings Account

Here are the details you’ll need to complete a wire transfer:

Receiving bank: United Banker’s Bank

Bank address:

1650 W 82nd Street, Suite 1500

Bloomington, MN 55431

ABA: 091001322

Beneficiary name: B2 Bank

Address: PO Box 706, Buhl, MN 55713

Beneficiary Account: 2501864 (this is not your Savings Account number)

Memo: “Customer Full Name” - “Savings Account Number” - “Address”

Additional tips

The beneficiary account (2501864) is not your customer account number. Please include your Savings account number in the memo line.

Your Savings account number can be found by:

  1. Navigating to the Earn tab

  2. Select High-Yield Savings Account

  3. Account details

Check out our article on Wire Transfer FAQs for more information.

Transfer timing:

Wire transfers complete within the same business day when your wire is initiated before 3pm CT.

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.


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