Can I automate my payments?

You have the option to create an automatic payback schedule by going to the Transfers tab, selecting "Move Money," selecting "Recurring Transfer," and inputting your transfer details with Borrow as the "To" account.  

M1 Finance automate borrow payment 

You can also use recurring transfers to make sure that your Invest account is funded with sufficient cash to take care of your monthly interest payments.  

You can set your auto-invest minimum threshold to be higher than your monthly Borrow interest amount to make sure your Invest cash balance is not automatically invested before your borrow interest is billed. 

Learn how to set your auto-invest minimum threshold.

If you have further questions, please contact us.

 

All investing involves risk, including the risk of losing the money you invest. Borrowing on margin can add to these risks, and you should learn more before borrowing. M1 Borrow available on margin accounts with at least $2,000 invested. Not available for all account types including retirement, custodial and some trust accounts.  Margin rates subject to change. 

All examples above are for informational purposes and should not be considered an offer to buy or sell certain securities. M1 does not provide investment advice. 

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