How to Link Bank Account with M1 Finance

How to Link Bank Account with M1 Finance: A Step-by-Step Guide

M1 Finance is an online brokerage platform that allows investors to manage their portfolios and investments in an efficient and cost-effective manner. One of the key features of M1 Finance is its ability to link bank accounts, which enables investors to transfer funds easily and quickly between their bank account and investment accounts. In this article, we will provide you with a step-by-step guide on how to link your bank account with M1 Finance.

Step 1: Sign up for M1 Finance

The first step in linking your bank account with M1 Finance is to sign up for an account on their website. Once you have completed the sign-up process, you will be directed to the M1 dashboard, where you can start managing your investments.

Step 2: Navigate to the Funding tab

To link your bank account, you need to navigate to the Funding tab on the M1 Finance dashboard. Click on the Funding tab, which is located at the top of the page, and select the Bank Account option.

Step 3: Enter your bank account information

After selecting the Bank Account option, you will be prompted to enter your bank account information, including your bank’s name, routing number, and account number. This information is necessary to link your bank account with M1 Finance and transfer funds between your bank account and investment accounts.

Step 4: Confirm your bank account

Once you have entered your bank account information, M1 Finance will send two small deposits to your bank account. You need to verify these deposits by entering the exact amounts in the M1 Finance dashboard. Once you have confirmed your bank account, you can start transferring funds between your bank account and investment accounts.

Tips for linking your bank account with M1 Finance

Here are some tips to keep in mind when linking your bank account with M1 Finance:

1. Make sure you have entered the correct bank account information to avoid any delays or errors in transferring funds.

2. Check your bank account regularly to ensure that the small deposits from M1 Finance have been credited to your account.

3. Be patient when waiting for the small deposits to appear in your bank account. It may take a few days for the deposits to be credited to your account.

4. If you have any issues linking your bank account with M1 Finance, contact their customer support team for assistance.

In conclusion, linking your bank account with M1 Finance is a simple and straightforward process that enables you to manage your investments more efficiently. By following the step-by-step guide outlined in this article, you can link your bank account with M1 Finance in just a few minutes. Remember to double-check your bank account information and verify the small deposits to ensure a smooth and hassle-free experience.