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How to withdraw funds via wire transfer

1. How to withdraw funds via wire transfer

To withdraw funds via wire transfer, please follow the steps below.

 

1.1 Add a wire transfer bank account

1)Open the moomoo App and go to Accounts > Transfers > Bank Account, then tap Add Manually to start adding your bank account;

2)Select the country or region of your bank, enter your account number and other required bank account details, and upload proof of your bank account (such as a bank statement).

 

1.2 Submit a wire transfer withdrawal request

Once your bank account has been added successfully, 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 wire transfer withdrawal request.

 

1.3 Check withdrawal status

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.

 

2. Wire transfer withdrawal details

Item

Wire Transfer

Processing time

Usually 4 business days

Withdrawal fee

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, TFSA

Currency

Individual Margin Account: CAD & USD

Individual Cash Account: CAD & USD

TFSA: CAD & USD

Banks

Canadian banks

Withdrawal limit

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

 

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