How to choose a deposit method

You can deposit funds into your brokerage account in the following four methods:

Item	INTERAC e-Transfer® (Recommended)	Online Bill Payment	EFT (Electronic Funds Transfer)	Wire Transfer
Processing time	Transfers on trading days between 00:00 ET-16:00 ET, 20:00 ET-24:00 ET, or on non-trading days, are processed immediately. Transfers on trading days between 16:00 ET-20:00 ET will arrive at 20:00 ET the same day.	Usually 1-3 business days	Usually 5 business days	Usually 1-2 business days
Transfer fee	Free	Free	Free	Your bank may charge a fee *Moomoo Canada does not charge any transfer fees
Currency	Individual Margin Account: CAD Individual Cash Account: CAD Registered Accounts (RRSP/SRRSP/TFSA): CAD	Individual Margin Account: CAD Individual Cash Account: CAD Registered Accounts (RRSP/SRRSP/TFSA): CAD	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 RRSP/SRRSP: CAD
Banks	Canadian banks	Canadian banks	Canadian banks	All banks
Deposit limit	Subject to your bank's limit, details refer to: https://wowa.ca/interac-e-transfer-limits	Subject to your bank's limit	CAD deposit limit: 100,000 CAD per day USD deposit limit: 100,000 USD per day	Subject to your bank's limit
Withdrawal hold	Funds are available for withdrawal from the next trading day onwards.	Funds are available for withdrawal once they arrive in your account.	Hold period is 3 business days after the funds arrive in your account for any withdrawal to the originating bank account. Hold period is up to 90 calendar days after the funds arrive in your account for any withdrawal to another bank account.	Funds are available for withdrawal once they arrive in your account.
Help Center articles	How to deposit funds via INTERAC e-Transfer®?	How to deposit funds via online bill payment	How to deposit funds via EFT	How to deposit funds via wire transfer

*Bank Transfer Notes

● The name on the bank account must match the name on your brokerage account. If the names do not match, the deposit will not be accepted, and any fees incurred from refunding the deposit will be your responsibility. Please note that if you are depositing into a Spousal Retirement Savings Plan account (SRRSP), the bank account holder's legal name may match either the account holder or the spouse.

● If you have not received your funds after 5 business days, please go to Me > Customer Service in the moomoo app to contact our customer service.

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