The ‘move money’ button is where you’ll find the option to create different types of
transfers.
M1 Basic (non-Plus) Users will see the following options:
- Create a one-time transfer by using the ‘One-time Transfer’ tab.
- The ‘Recurring Transfers’ tab allows you to automate your transfers on a weekly, bi-weekly, or monthly schedule.
- Use the ‘Direct Deposit’ tab to find your M1 Spend bank account and routing number to set up paying your bills or depositing your paycheck in that account. – Note this option is only available for M1 Spend enrolled customers.
- Have an account at another brokerage? Use the ‘Account Transfer’ tab to learn more on that process.
M1 Plus members will see the following options:
- The ‘One-time transfer’ tab to create a one-time transfer.
- The ‘Recurring Transfers’ tab to automate your transfers on a weekly, bi-weekly, or monthly schedule.
- M1 Plus members can use the “Smart Transfers” tab to sweep excess cash between accounts.
- Use the ‘Direct Deposit’ tab to find your M1 Spend bank account and routing number to set up paying your bills or depositing your paycheck in that account. – Note this option is only available for M1 Spend enrolled customers.
- Have an account at another brokerage? Use the ‘Account Transfer’ tab to learn more about that process.
A Few Notes
Pending Transfers: M1 only allows for a single pending transfer at a time. Until a transfer request is completed or canceled, you will be unable to create a new deposit or withdrawal. Before completion, transfers can be canceled in the funding tab.
Trading Days: Starting on 7/1/2020, M1's morning trade window will begin at 9:30am EST every day the NYSE market is open. This is every weekday except for the NYSE holidays.