Set up recurring deposits

Setting up recurring deposits takes only a minute, and it allows you to build your wealth automatically.

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Follow these steps to get started:

 

On Mobile:

Step 1: Navigate to the "Invest" tab of the application and locate the pull-up drawer at the bottom of the screen.

M1 Finance mobile account showing portfolio on Invest tab with arrow on the bottom of the screen

Step 2: Tap on "Deposit"

M1 Finance mobile account showing deposit button when user swipes up on bottom bar

Step 3: Tap on "Switch to a recurring transfer," then select the amount, date(s), and frequency. Then select "Next"

M1 Finance mobile account showing how to create a recurring transfer

Step 4: Review your inputs to make sure everything looks correct, then select "Schedule."

M1 Finance mobile account showing how to edit the frequency and day of the recurring transfer

After you've confirmed, you should be all set!

 

Note: Recurring transfers may also be scheduled under the "Transfers" tab. On this screen, find the "Move Money" button at the bottom of the screen. The Move Money button will navigate you to several options, including "Recurring Transfer".

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On Web:

Step 1: Click on the "Deposit" button on the main screen.

M1 Finance web account showing portfolio on Invest tab and the deposit button on the top right of the screen

Step 2: Click on "Switch to a recurring schedule".

M1 Finance web account showing how to switch to a recurring transfer

Step 3: This button will navigate you to a screen to select your amount, frequency and day of the week for your recurring deposits.

M1 Finance web account showing how to edit the frequency and day of the recurring transfer

Step 4: Click "Continue" and then "Confirm."

M1 Finance web account showing how to confirm recurring transfer schedule

After you've confirmed your schedule, you should be all set!

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**All images are for illustrative purposes only

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