My first deposit

To get started using your new M1 Invest or M1 Checking Account, you'll need to fund your account. This article will show you how to fund your account by making a deposit.  

Keep in mind: 

  • You can also fund an Invest account by transferring an account from another institution or by rolling over an old 401(k) from a previous employer. 
  • The Auto-Invest feature is turned on for all new Invest accounts by default, so if you want your first deposit to be held as cash in your cash balance, you will need to turn Auto-Invest off before initiating your transfer. 

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Make a deposit 

Once your bank is connected, you can make your first deposit using the instructions below: 

1. Click the "Home" tab. 

2. Click the "Move Money" button at the bottom of the home page. 

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3. Select "One-time cash Transfer." 

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4. Under "From," select the bank account you want to pull funds from. 

5. Under "To," select the M1 account you want to deposit the funds into. 

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6. Under "Amount," input the dollar amount you want to deposit. 

7. Click "Continue 

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8. Review your transfer details.

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9. Confirm the transfer if everything looks correct.

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Alternatively, create a deposit by tapping the Invest tab > selecting the account > and tapping “Portfolio”. Then tap the “Deposit” button to create your initial deposit. 

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Initial deposit minimums 

Individual, Joint, Custodial, and Crypto accounts: Minimum of $100. 

Retirement accounts: Minimum of $500.

After your initial deposit any amount greater than $10 can be deposited. 

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Set up recurring deposits 

After making your first deposit, you can set up recurring deposits to invest on a schedule. It’s an easy way to automate your account and save you time.  

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Learn more about how M1 trades 

Learn more about how your deposits will flow into your investment portfolio. 

If you have Auto-Invest turned on, your deposit in your cash balance will be automatically invested into your portfolio during the next trading window. 

If Auto-Invest is turned off, you can create a manual buy order with your deposit. 

 

To see pending activity, navigate to the Activity tab on either web or mobile. You’ll be able to see details about your deposit, pending buys, pending sells, dividends received, and more.   

 

If you have further questions, please contact us.

 

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