M1 Finance

What you will be able to do with this connection

This connection setup enables 3 features:

1. Visibility of total balance.
2. Route money into your account (also called “pushing” funds).

Requirements to Connect

• You have an account with M1 Finance.
  • You will need your account and routing numbers. We will walk you through that below.
  • You will need a cash account, as only cash accounts have a routing number.
• You have a Sequence account.
• You will need whatever device you use Sequence on - desktop or laptop.
• You may encounter some Multi-Factor Authentication (MFA). So, may need 1 or more of:
  • Whatever device you receive text messages on
  • Whatever device you use to access the M1 Mobile app
  • Whatever device you use to access your preferred authenticator app

Connection Instructions

If you’ve connected accounts using Plaid previously, you should be able to run through that section reasonably quickly.

Routing and account numbers can be found via the Browser interface or the mobile app. Instructions for both are below.

Connecting via Plaid

The following process enables a connection with Plaid that displays your M1 account balance. You can connect as many of your M1 finance investment accounts as you wish. However, because none of the investment accounts have routing or account numbers that are NACHA compatible, you will not be able to push directly to an investment account. Instead, all funds will be routed to your cash account. Since you can only route funds to your cash account, an optimal use case would be to only connect your cash account to Sequence and automate the distribution of funds inside of the M1 Finance ecosystem.

1. Click this link to navigate to the Sequence login page.

2. Click the add account button on the bottom center of your money map.

3. Select the Beneficiary & Investment Account

   

4. Select M1 Finance from the options shown.

   

5. You should now see the Plaid connector.

   

6. Click Continue to go to the next step.

7. Enter your Phone number and click continue.

   1. Note that if you have previously used Plaid, your phone number may be autofilled.

   

8. Plaid will send you a text message with a code. Enter the code, and you should move to the institution selection screen.

   1. If you’ve used Plaid before, you may see a list of previously selected institutions.
      1. If your desired institution is listed, you may select it.
      2. Otherwise, click “Connect a new institution” at the bottom of the list.
   2. Otherwise, we should only see investment institutions because back in step 3 we selected “Investment account.”

9. In this case we will select M1 Finance.

   1. If you don’t see M1 Finance listed among the displayed institutions, start typing M1 Finance in the search field.

      

10. You should see the screen below directing you to log in at M1 Finance.

    

11. Click the “Continue to login” button, and a new browser window will open with the M1 Finance login page.

12. Enter your credentials including MFA, if any, and click the “Continue” button.

13. You should now see an account selection screen displayed.

14. Select the accounts you would like to include by checking the appropriate boxes.

    1. Alternately, you may check the “Select all” button.

15. Click Continue.

16. Plaid will now work its connection Magic. 🪄

17. You should now see an M1 Finance node representing your account in your Sequence money map.

⚡ Don’t be concerned if the node doesn’t display your balance and instead displays Action required. In the next step, we will fix this.

Adding your Routing and Account Numbers

1. After completing the Plaid connection you should have at least 1 M1 Finance account node in your Sequence money map. However, it likely says ”Action Required.”

2. Click on the node to open the slide out view with your account details. You should see a warning about connecting your routing and account numbers.

   

3. Click on the connect icon & text on the righthand side of the warning.

4. You should now see The “Connect Investment Account” dialogue box where you will enter your routing number and account number.

   

5. You can find your cash account’s routing and account number both on the M1 finance website and in the mobile app. The process is nearly identical.

   1. The routing number for your M1 High-Yield Cash Account is 091218445.
   2. To locate your account number:
      1. Navigate to the Earn tab
      2. Select your Cash Account
      3. Select ‘Account details’

6. Transfer the routing and account numbers obtained in the previous step to the Sequence dialogue box opened in step 4.

7. Click Submit and the orange warning should disappear.

Testing

If you would like to test your connection, you can go to your Sequence Activity Log and run a manual transfer by clicking on the “Transfer Manually” button located in the upper right of the Activity Log screen.

⚡ For faster manual transfers use money already in a pod. Transfers from pods to external accounts are 2x faster than transfers from external accounts to external accounts.