Withdrawals from M1 Invest Accounts are subject to the following:
Settlement period: Before any funds can be disbursed to our users, all sales must settle. Settlement occurs on T+2 (Trade Date plus two trading days). Funds take two trading days after their sale to be available for disbursement.
Example: A withdrawal is requested on Thursday. Securities are sold on Friday and will generally settle on the following Tuesday.
Holding period: All new deposits to M1 Invest require a 6 business day holding period before they can be withdrawn to any external bank or M1 Checking. After 6 business days, the transfer to your bank begins.
Example: You deposit $500 into your account on Monday, the 1st of the month. A withdrawal of $100 after this will be held until Tuesday, the 9th, before the transfer to your bank begins.
All incoming ACAT transfers to M1 Invest require a 15 business day holding period before they can be withdrawn to any external bank, M1 Checking, or M1 High-Yield Savings Account. After 15 business days, the transfer begins.
Anti-Money Laundering (AML) regulations: All funds received from a banking institution can only be returned to that same bank for 60 days. For their first 60 days, funds received cannot be disbursed to a different bank than from where they originated.
M1 Invest Account to external bank account
This can take up to five business days. Funds will need to settle (see Settlement Period below) before the transfer can be initiated to your external bank account.
Example: You initiate a transfer from your M1 Invest Account to your external bank account on Thursday evening. The withdrawal amount requested is greater than your cash balance, so securities are sold on Friday. Funds from the sale will generally settle on the following Tuesday (T+2). Once settled, the funds will be transferred to your bank within a business day, or Wednesday. It can take up to 1 business day for the funds to be reflected by your external bank account. The funds are in your external bank account the Thursday, five business days from when you initiated the withdrawal.
M1 High-Yield Savings Account to external bank account
This takes between 1-2 business days from when your funds are available, or up to 6 business days.
Once the withdrawal request completes in M1's systems, it can take up to 1 business day for the funds to be reflected by your bank account.
M1 Checking Account to external bank account
This takes between 2-3 business days from when your funds are available, or up to 6 business days. Once the withdrawal request completes in M1's systems, it can take up to one business day for the funds to be reflected by your bank account.
Once the withdrawal request completes in M1's systems, it can take up to 1 business day for the funds to be reflected by your bank account.
M1 Margin Loan to external bank account
Borrowing to your external bank usually completes within 2-5 business days and is subject to the settlement period, holding period, and AML regulation described above.
M1 Personal Loan
M1 Personal Loan disbursements should take about 1-5 business days to complete.
Please note: weekends, market holidays, and banking holidays do not count as business days.
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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