Wire money into M1 Invest Account
Wire money from M1 Invest Account
Wire money into M1 Checking Account
Wire money from M1 Checking Account
Wire money into M1 Savings Account
Wire money from M1 Savings Account
Wire money into M1 Invest Account
To get started, please follow the wire deposit instructions in your account:
- Navigate to your Home screen
- Select "Move Money"
- Select "Wire money into your investment account"
- 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- All new deposits to M1 Invest Account require a six-business day holding period before they can be withdrawn.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.
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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. If you need special assistance with a wire transfer, please contact us.
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/LGwPWdNm 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 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. If you need special assistance with a wire transfer, please contact us.
Wire money into M1 Savings Account
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” - “Address”
Additional tips
- The beneficiary account (2501864) 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 M1 High-Yield Savings Account > click on account details > your customer account number will be listed there
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. If you need special assistance with a wire transfer, please contact us.
If you have further questions, please contact us.
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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