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Withdrawal fees

Each type of account with Moomoo CA may have a different withdrawal fee depending on the transfer method. The bank receiving the transfer may also charge a fee. Please contact your other bank for more details.

The fees for each account and transfer method are listed below.

 

Individual Margin Account、Individual Cash Account

Withdrawal Method

Currency

Processing Time

Broker Charge

Bank Charge

EFT (Electonic Funds Transfer)

CAD & USD

 

Next business day

1st withdrawal is free each month.

2.00 CAD or 1.00 USD fee is charged per subsequent withdrawal.

Free

Wire transfer

CAD & USD

Next business day

1st withdrawal is free each month.

12.00 CAD or 10.00 USD fee is charged per subsequent withdrawal.

Transfer fee may be charged by the bank

 

Tax-Free Account Savings Account (TFSA)

Withdrawal Method

Currency

Processing Time

Broker Charge

Bank Charge

EFT (Electonic Funds Transfer)

CAD

Usually 5 business days

1st withdrawal from the account is free.

2.00 CAD fee is charged per subsequent withdrawal.

Free

 

Wire transfer

CAD

Usually 4 business days

1st withdrawal from the account is free.

12.00 CAD fee is charged per subsequent withdrawal.

Transfer fee may be charged by the bank

 

Registered Retirement Savings Plan (RRSP)

Withdrawal Method

Currency

Processing Time

Broker Charge

Bank Charge

EFT (Electonic Funds Transfer)

CAD

 

Usually 5 business days

50.00 CAD fee is charged for the 1st withdrawal.

52.00 CAD fee is charged per subsequent withdrawal.

Free

 

Wire transfer

CAD

 

Usually 4 business days

50.00 CAD fee is charged for the 1st withdrawal.

62.00 CAD fee is charged per subsequent withdrawal.

Transfer fee may be charged by the bank

 

Note: Withdrawals from an RRSP account are subject to a 10-45% withholding tax. Click here for details.