Moomoo CA Help Center-How to deposit funds via EFT
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How to deposit funds via EFT

To deposit funds via Electronic Funds Transfer (EFT) into your account, please follow the steps below.

 

1. Link your bank account to make an EFT transfer

  • To link a bank account for the first time, go to:

    • Accounts > Select an account > Transfers > Deposit > Select an account > Electronic Fund Transfer

  • To add a new bank account, go to:

    • Accounts > Select an account > Transfers > Deposit > Select an account > Electronic Fund Transfer > BANK OF > Add New Bank Account

Note: For more detailed instructions, please refer to How to link a bank account for EFT.

 

2. Start an EFT

After successfully linking a bank account, please return to the moomoo app to start a transfer.

  • Tap Accounts > Select an account > Transfers > Deposit > Select an account > Electronic Fund Transfer

 

3. Check the transfer progress

To check the transfer progress:

  • Tap Accounts > Select an account > Transfers > Deposit > Select an account > Other Deposit Methods > Funds Records

 

Bank Transfer Notes

  • The name on the bank account must match the name of the brokerage account. If the names don't match, the deposit won't be accepted, and any related fees will still be incurred.

  • Corporate bank accounts can't be used to transfer funds to Moomoo CA.

 

Overview of EFT Deposit

Item

Description

Processing time

Usually 5 business days

Transfer fee

Free

Supported currency

Individual Margin Account: CAD & USD

Individual Cash Account: CAD & USD

Registered Retirement Savings Plan (RRSP): CAD

Tax-Free Savings Account (TFSA): CAD

Supported bank

Canadian banks

Deposit limit

Up to 100,000 USD every 7 business days

Withdrawal hold*

Hold period is 5 business days after the funds arrive in your account for any withdrawal to the originating bank account.

Hold period is up to 66 business days after the funds arrive in your account for any withdrawal to another bank account.

*Note: Once funds are deposited in your account, a hold will be placed on the funds for a period of time. During this hold period, some withdrawal requests can't be processed.