How do I create a wire transfer? 

  

Wire money into M1 Invest  

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

   

Bank name: BMO Harris Bank   

Bank address: 111 W. Monroe St., Chicago, IL 60603   

ABA: 071000288   

Account name: Apex Clearing   

Account number: 3713286   

Memo: "Your Name" and "Account Number"   

Additional tips  

  • Make sure your name should exactly match your name on your M1 account.   
  • Your M1 account number can be located in your settings.   

If you need further help, please contact us. 

   

Wire money from M1 Invest   

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

  • 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  • All new deposits to M1 Invest require a six-business day holding period before they can be withdrawn.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. Please note we cant 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.  

  

Wire money into M1 Spend   

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

Bank name: Lincoln Savings Bank 

Bank address: 508 Main St., Reinbeck, IA 50669 

ABA: 073905527   

Account name: M1 Finance 

Account number: 3000907953   

Memo: "Your First and Last Name" and "Customer Account Number"   

Additional tips  

  • The beneficiary account (3000907953) is not and should not be put in as your customer account number.  
  • Your customer account number can be found on the M1 app/website under the Spend tab > Navigate to your debit card > click on direct deposit > your customer account number will be listed there 

If you’re unable to complete an ACH transfer or have a larger amount that needs to be transferred, we'll be able to process this as a wire transfer.    

  

Wire money from M1 Spend  

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

  • Wire amount   
  • Reason for wire transfer   
  • Receiving institution’s wire instructions   

Please be prepared to upload a photo of your non-expired government-issued photo ID to verify your request. 

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

Wire transfers can be processed on the same business day, provided that all customer requirements are met.

There is a $25 fee per wire for outgoing wire transfers.

Outgoing ACH transfers typically complete within two to five business days.

 

If you have further questions, please contact us. 

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