How to choose a withdrawal method

Moomoo Canada supports two methods for withdrawing funds: Electronic Funds Transfer (EFT) and Wire Transfer. The features of each method are as follows:

Item	EFT (Electronic Funds Transfer)	Wire Transfer
Processing time	Usually 5 business days	Usually 4 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. Service fee: Partial deregistration fee (Partial withdrawal): 50 CAD; Full deregistration fee (Full withdrawal): 75 CAD. Click here for details. Withholding tax: A withholding tax of 10%–30% will be automatically deducted at the time of the withdrawal. Click here for details.	Moomoo Canada charges a fee of 50 CAD or 50 USD, charged according to the withdrawal currency (if you withdraw both CAD and USD at the same time, 50 CAD and 50 USD will be charged separately). Click here for details; Your bank may charge a fee. Please refer to your bank for the exact fee.
Supported account types	Individual Margin Account, Individual Cash Account, Registered Accounts (TFSA/RRSP/SRRSP)	Individual Margin Account, Individual Cash Account, TFSA
Currency	Individual Margin Account: CAD & USD Individual Cash Account: CAD & USD TFSA: CAD & USD RRSP/SRRSP: CAD	Individual Margin Account: CAD & USD Individual Cash Account: CAD & USD TFSA: CAD & USD
Banks	Canadian banks	Canadian banks
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	CAD withdrawal limit: minimum 100 CAD, maximum 1,000,000 CAD per withdrawal USD withdrawal limit: minimum 100 USD, maximum 1,000,000 USD per withdrawal
Help Center articles	How to withdraw funds via Electronic Funds Transfer (EFT)	How to withdraw funds via wire transfer

*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.
Only cash withdrawable (funds that have completed settlement, or deposited funds that have not been used) can be withdrawn from your brokerage account to your bank account. For more details on cash withdrawable, please click here.
If you have not received your funds after 5 business days, please go to Me > Support in the moomoo app to contact our customer service.

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