To withdraw funds using Electronic Funds Transfer (EFT), please follow the steps below.
1)Open the moomoo App and go to Accounts > Transfers > Bank Account, then tap Link a Bank Account to start the linking process;
2)Enter your information, select your bank, and log in with your online banking credentials.
3)After logging in, select the bank account you want to link and complete the setup.
Once your bank account is successfully linked, go to Accounts > Transfers > Withdraw, or click here. Select your withdrawal account, currency and method, then choose the bank account, enter the amount, and submit your EFT withdrawal request.
In the moomoo app, go to Accounts > All > Funding History > Withdrawal to check the status of your withdrawal.
We will promptly notify you of your withdrawal status by email and in-app notification.
*Notes:
Withdrawals are currently only supported to a bank account in your own name. Withdrawals to another person’s bank account, a corporate account, or a third-party platform account are not currently supported.
|
Item |
EFT (Electronic Funds Transfer) |
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Processing time |
Usually 5 business days |
|
Withdrawal fee |
Withdrawals from Individual Margin Account, Individual Cash Account, or TFSA: Free
Withdrawals from RRSP/SRRSP: Fees include a service fee and withholding tax.
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Supported account types |
Individual Margin Account, Individual Cash Account, Registered Accounts (TFSA/RRSP/SRRSP) |
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Currency |
Individual Margin Account: CAD & USD Individual Cash Account: CAD & USD TFSA: CAD & USD RRSP/SRRSP: CAD |
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Banks |
Canadian banks |
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Withdrawal limit |
CAD withdrawal limit: minimum 0.01 CAD, maximum 50,000 CAD per withdrawal USD withdrawal limit: minimum 0.01 USD, maximum 50,000 USD per withdrawal |
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