My first deposit

By now, you’ve created your accountconnected your bank, and set up your portfolio 

To start investing, all you'll need to do is fund your account. This article will show you how to fund your account by making a deposit.  

Keep in mind: 

  • You can also fund your 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 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 "Transfers" tab. 
  1. Click the "Move Money" button at the top-right corner of your screen. 
  1. Select "One-time Transfer." 
  1. Under "From," select the bank account you want to pull funds from. 
  1. Under "To," select the M1 account you want to deposit the funds into. 
  1. Under "Amount," input the dollar amount you want to deposit. 
  1. Click the "Continue" button at the bottom of your screen, review your transfer details, and confirm the transfer if everything looks correct. 

Alternate method: Under the “Invest” > “Portfolio” tab, you can also click on the “Deposit” button in the top-right portion of the screen. 

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Initial deposit minimums 

Individual 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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What Happens Next? 

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. 

Check out this article to learn how your deposits will flow into your investment portfolio. 

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

 

 

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