Wire money into M1 Invest Account
To wire money into your M1 Invest Account use the following instructions:
If your M1 Invest Account number begins in GM:
Bank name: JP Morgan Chase
Bank address: 270 Park Avenue, New York, NY 10017
ABA: 021000021
Account name: M1 Finance LLC
Account number: 919705233
Memo: "Your Name" and "Account Number"
If your M1 Invest Account number does not begin in GM:
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 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- All new deposits to M1 Invest Account require a six-business day holding period before they can be withdrawn.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.
Wire money into M1 Checking Account
To wire money into your M1 Checking 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 Checking Account
To get started, please fill out a wire form using this link: https://arsl.at/1GpQdDPm and contact us.
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 Spend wires the same day is 2pm.
There is a $25 fee per wire for outgoing wire transfers.
Acceptable Wire Reasons Include:
- Any type of Asset Purchase
- Transfer to connected external bank
Any other reason will be reviewed, may take longer to be submitted, and could be rejected.
If you have further questions, please contact us.
20230324-2811674-8919387