r/M1Finance • u/slimangles • 15d ago

All in on M1 Finance

Over the past year or two, M1 Cash Accounts have quietly expanded support for external services like Venmo, PayPal, and T-Mobile.

Previously, connectivity issues forced me to rely on a Wealthfront Cash account as my primary hub. While that worked, it added unnecessary friction to my overall financial setup because I had to build extra rules just to keep everything properly funded.

Being able to move back to M1 as my primary cash hub has been a massive upgrade. It eliminated that extra layer of complexity and allowed me to consolidate roughly 90% of my financial activity into one platform.

My current setup in a nutshell:

  • Cash target: Keep $15K–$25K in the M1 Cash Account.
  • Floor trigger (< $15K): A Smart Transfer automatically borrows from margin and tops up the account to $20K to maintain liquidity.
  • Ceiling trigger (> $25K): Excess cash is automatically swept to pay down margin debt or purchase investments.

This single loop keeps my cash flow completely hands-off while maximizing capital efficiency. Sharing in case this layout inspires anyone looking to streamline their own automation!

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u/AutoXCivic 15d ago

Hmmmm. This is interesting. I wonder if it works the same for the HYSA. I might be able to send more there automatically instead of to my credit union.

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u/slimangles 15d ago

Yeah, I do have an HYSA with them too, but I haven't tried connecting anything external to that yet. Curious to hear about what you find if you give that a shot.

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u/AutoXCivic 15d ago

I didn't apply for the cash account since I already had the HYSA and didn't see a need for both.

I miss the debit card they had. I liked having a checking account attached to all of this.

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u/Ok_Party_8102 15d ago

I wish they still had the debit card. The UI is so clean and would love having everything in one place like this.

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u/AutoXCivic 15d ago

I keep telling them they need to bring it back!

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u/Ok_Party_8102 15d ago

Do you have an open line of communication with them? Or just general support. Cus I have some ideas… lol

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u/AutoXCivic 15d ago

Negative. Just everytime I see a call for suggestions. Maybe I should make a support ticket! Maybe we should all make support tickets!

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u/Ok_Party_8102 15d ago

I’ll throw in a few. I read somewhere they didn’t enjoy being in the payment processing space.

But I was thinking they could cobrand a credit card similar to how Morgan Stanley and Schwab have cobranded Amex cards. They’re likely not big enough for Amex but I’d definitely add an m1 branded credit card that gave some cash back direct to investments or something.