How to Activate Cash Sweep on moomoo

Jul 9 18:23

What is Cash Sweep?

Cash Sweep is a program provided by Moomoo Canada that generates cash rebates from your idle cash. When you have idle cash in your securities account, it will be automatically invested in the program to generate rebates.

After you join Cash Sweep, all of your accounts (cash, margin, RRSP and TFSA) cash balance will be calculated into a total cash balance and you can receive rebates from your idle cash at a fixed time.

How to Activate Cash Sweep?

In order to join Cash Sweep, you must have a cash or margin account.

1. Go to the Accounts tab, tap any of your margin or cash account

*Note that your earned interest will be rebated into the account that you have selected.

2. Tap on "Cash Sweep" to access the feature.

3. Discover how you can benefit from "Cash Sweep" and unlock its potential.

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How to check cash rebates details?

  1. Choose the "Margin" or "Cash" account which you have unlocked cash sweep.

  2. Tap on "Cash Sweep" to learn more about your cash rebate details.

  3. You can view your rebate details after depositing funds into your account.

Note: Your cash balance and rebates are updated daily at 5:00 PM. To check your balance in the Cash Sweep program, please refer to the settled cash shown in your statement.

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more

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What is Cash Sweep?
How to Activate Cash Sweep?
How to check cash rebates details?
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