How to deposit via Bank Transfer?

1. Overview

Bank transfer deposit allows you to transfer funds from your personal Malaysian bank account to Moomoo MY's Beneficiary Account.

2. Bank Transfer Deposit Requirements

2.1 Transfer Methods

2.1.1 Acceptable Transfer Methods:

• Bank transfers originating from accounts solely owned by the account holder are acceptable. The name of the account holder must match the name on the bank account from which the funds are being transferred.

• If you wish to initiate a bank transfer using a joint bank account under your name, please click here to refer to the guide for depositing funds through a joint bank account. 

2.1.2 The following transfer methods are not accepted:

• Transfers from bank accounts not owned by the account holder (third-party deposits) are not accepted. 

• Cash deposits;

• Cheque remittances.

Note: Should a client initiate a deposit using a method not supported by Moomoo MY, the funds will be returned, and the client will be liable for any fees incurred.

3. How to Initiate a Bank Transfer Deposit

To execute a bank transfer deposit, please follow these steps:

① Check Moomoo MY's beneficiary account information.

② Initiate a Transfer From Your Bank to Moomoo MY's Beneficiary Bank Account.

3.1 Check Moomoo MY's Beneficiary Account Information

Go to "moomoo App - Account - Transfers - Deposit - Select Bank Transfer" to check the details of Moomoo MY's Beneficiary Account.

Note: Always use the beneficiary's account details provided when initiating your bank transfer.

3.2 Initiate a Transfer From Your Bank to Moomoo MY's Beneficiary Bank Account

After obtaining Moomoo MY's beneficiary account information, you can initiate a transfer from your bank to Moomoo MY's beneficiary bank account.

Please ensure you have input the correct beneficiary bank name, account number, and other required information as provided.

Notes:

① The name of the account holder must be same as the name on the bank account transferring funds. Any joint bank account under your name is also acceptable (click here to refer to the guide for depositing funds through a joint bank account). Transfers from any account holder other than yourself will not be accepted.

② We do not accept deposits in the form of cash, cheques, or transfers from any account holder other than yourself. If you deposit funds in these forms, a refund will be made, and you will be liable for any fees incurred for processing the refund.

4. Await Fund Crediting To Your Moomoo MY Universal Account

After successfully initiating a transfer from your bank to Moomoo MY's Beneficiary Bank Account, your funds are expected to be credited to your Moomoo MY universal account within 5 minutes.

Note: If you deposit funds using a joint bank account, the funds will be credited within 1 business day, and additional documents are required. For details, please click here to refer to the Joint Bank Account Deposit Guide.

4.1 Check Deposit Status

To check the status of your deposit in the moomoo App:

Go to Accounts > Transfers > Deposit > Funding History, or click here.