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. 

M1 Finance mobile account screen portolio

2. Click the "Move Money" button at the top-right corner of your screen. 

M1 Finance mobile account screen transfers tab

3. Select "One-time Transfer." 

M1 Finance mobile account screen move money options

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

     M1 Finance mobile account screen select bank accountM1 Finance mobile account screen select bank account options

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

M1 Finance mobile account screen select invest accountM1 Finance mobile account screen select invest account options

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

M1 Finance mobile account screen input transfer amount

7. Click "Continue 

M1 Finance mobile account screen confirm amount and continue button

 

8. Review your transfer details.

M1 Finance mobile account screen review transfer details

9. Confirm the transfer if everything looks correct.

M1 Finance mobile account screen confirm transfer

 

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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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.   

 

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