As of now, new M1 High-Yield Savings Accounts cannot be opened. These instructions are intended only for existing M1 High-Yield Savings Account holders. Learn how to open a High-Yield Cash Account here.
For existing account holders: How to add funds
You can continue to fund your existing M1 High-Yield Savings Account in three primary ways: bank transfer (ACH), direct deposit, or wire transfer.
Fund by bank transfer (ACH) – Instantly connect your bank
M1 uses Plaid, a secure third-party service, to connect your external bank account instantly.
Step-by-step:
Log in to your M1 account (web or app).
Go to the Home tab.
Select your bank next to Move Money.
Select Connect a new bank.
Follow Plaid’s prompts to connect your external account securely.
Enter your deposit amount and confirm.
Daily ACH transfer limit: $120,000
Transfer timing: ACH transfers usually post in 2–4 business days.
M1 and Plaid never store your online banking credentials. You can change your connected bank any time.
Fund by direct deposit
Set up direct deposit from your payroll provider or another external source.
To find your Savings Account and routing numbers:
Log in to your M1 account.
Navigate to the Earn tab.
Select High-Yield Savings Account.
Click Account Details to view your routing and account numbers.
Provide these numbers to your employer or bank to direct deposit funds.
Transfer timing: 1–2 business days (varies by institution).
Fund by wire transfer
You can send a wire of any amount (above ACH limits) to your M1 High-Yield Savings Account.
Wire transfer instructions:
Receiving Bank: United Banker’s Bank
Bank Address: 1650 W 82nd Street, Suite 1500, Bloomington, MN 55431
ABA Number: 091001322
Beneficiary Name: B2 Bank
Beneficiary Address: PO Box 706, Buhl, MN 55713
Beneficiary Account: 2501864 (not your personal Savings Account number)
Memo Line: “Customer Full Name” – “Savings Account Number” – “Address”
Note: Customer Name, Account Number, and Address must be accurate for the wire amount to be credited to the M1 High-Yield Savings Account.
How to find your Savings Account number:
Log in to M1.
Go to the Savings tab.
Click Account Details.
Wire transfer timing: Wires initiated before 3pm CT typically post same business day.
Frequently asked questions
Can I still add funds to my M1 High-Yield Savings Account during the pause?
Yes—if you already have an open Savings Account, you can continue to fund and manage the account as usual.
When will new Savings Accounts become available?
No date is currently set. Please check M1’s Help Center for updates.
Where can I see my deposit and transfer status?
Check the transaction history in your Savings Account dashboard for posting and pending deposits.
What if my transfer is delayed or missing?
Verify the details you used for direct deposit or wire (account and routing numbers).
Allow standard processing times.
If funds have not appeared after expected timing, contact M1 Client Success with your transaction details.
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.
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-08202025-3qvsilh9