How do I create a wire transfer? 

Wire money into M1 Invest Account

Wire money from M1 Invest Account

Wire money into M1 Savings Account

Wire money from M1 Savings Account

Wire money into M1 Cash Account

Wire money from M1 Cash Account

 

Wire money into M1 Invest Account

To get started, please follow the wire deposit instructions in your account:

  1. Navigate to your Home screen
  2. Select "Move Money"
  3. Select "More options"
  4. Select "Wire transfer"
  5. Select your desired investment account
  6. Provide the details from this screen to your external bank to initiate your wire transfer

 

Wire money from M1 Invest Account

To get started, please contact us and confirm the following information:    

  • The last 3 digit of the delivering M1 Invest Account
  • Amount of transfer    
  • Receiving account number    
  • Receiving account routing number    
  • Reason for initiating a wire transfer   

Additional instructions  

  • To wire funds to an outside account that isn’t currently connected with your M1 Invest Account, please provide a signed Letter of Acceptance from the receiving firm.    
  • Funds must be settled to be transferred.   
  • All new deposits to your M1 Invest Account require a six-business day holding period before they can be withdrawn. After six business days, the transfer to your bank begins.   
  • For example, if you deposit $10,000 into your account on Monday the 1st, a wire for $7,000 will be held until Tuesday the 9th before the transfer to your bank begins.   
  • If your funds are settled and your holding period is complete, a member of our Transfers team will attempt to initiate the wire the same day on a best-efforts basis, provided we received the request with necessary info by 12 pm CST. Please note we can’t guarantee that your wire transfer will be completed the same day. Wires from M1 Invest may take up to five business days to complete.

There is a $25 fee to complete an outgoing wire transfer.  

If you are looking to transfer less than $10,000, please do so via an ACH transfer. Click here to initiate an ACH transfer.

If you are looking to transfer more than $10,000, you may do so via either an ACH transfer or a wire transfer.

  

Wire money into M1 Savings Account

Web and iOS

To get started, please follow the wire deposit instructions in your account:

  1. Navigate to your Home screen
  2. Select "Move Money"
  3. Select "More options"
  4. Select "Wire transfer”
  5. Select your Savings Account
  6. Provide the details from this screen to your external bank to initiate your wire transfer

Android

To wire money into your M1 Savings account use the following instructions:  

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” - “Customer Address”

Additional tips  

  • The beneficiary account (2501864) is not and should not be put in as your customer account number.  
  • To locate your customer account number:
    1. Navigate to the Earn tab
    2. Select your M1 High-Yield Savings Account
    3. Select account details

 

Wire money from M1 Savings Account 

To get started, please fill out the wire for using the link: https://arsl.at/LGwxV9Km 

On the wire form, you will be asked to confirm the following information:

  • Wire amount
  • Reason for wire transfer
  • Receiving institution’s wire instructions
  • Upload a photo of your non-expired government-issued photo ID

Once all information is received, our Spend wire team will escalate this for review.

Wire transfers can be processed on the same business day, provided that all customer requirements are met. Also, our cut-off for processing Savings wires the same day is 2PM CT.

If you are looking to transfer less than $10,000, please do so via an ACH transfer. Click here to initiate an ACH transfer.

If you are looking to transfer more than $10,000, you may do so via either an ACH transfer or a wire transfer.

 

Wire money into M1 Cash Account

Please note: These instructions can only be used to wire funds into M1 Cash Accounts. All other attempted electronic transfers (such as ACH transfers and direct deposits) using these instructions will be returned to sender automatically.

Web and iOS

To get started, please follow the wire deposit instructions in your account:

  1. Navigate to your Home screen
  2. Select "Move Money"
  3. Select "More options"
  4. Select "Wire transfer”
  5. Select your M1 High-Yield Cash Account
  6. Provide the details from this screen to your external bank to initiate your wire transfer

Android

To wire money into your M1 Savings account use the following instructions:

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 Cash Account number)

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

Additional tips

  • The beneficiary account (2501864) is not and should not be put in as your customer account number.
  • To locate your customer account number:
    1. Navigate to the Earn tab
    2. Select your M1 High-Yield Cash Account
    3. Select account details

 

Wire money from M1 Cash Account

To get started, please fill out the wire for using this link. 

On the wire form, you will be asked to confirm the following information:

  • Wire amount
  • Reason for wire transfer
  • Receiving institution’s wire instructions
  • Upload a photo of your non-expired government-issued photo ID

Once all information is received, our wire team will escalate this for review.

Wire transfers can be processed on the same business day, provided that all customer requirements are met. Also, our cut-off for processing Savings wires the same day is 2PM CT.

If you are looking to transfer less than $10,000, please do so via an ACH transfer. Click here to initiate an ACH transfer.

If you are looking to transfer more than $10,000, you may do so via either an ACH transfer or a wire transfer. 

 

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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M1 disclosures here.

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