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        Withdraw Funds

        1. How to initiate a withdrawal request 

        You can withdraw funds via the app by following the steps below:

        1) Enter the withdrawal page via “APP >  Accounts > Transfers > Withdraw

        2) Select the securities account and the currency

        3) Select the beneficiary account. If you haven't added a bank account, please add one first

        Tip: Please add your own bank account. You are required to upload a bank statement to help us verify your bank account information.

        4) Enter the amount you’d like to withdraw. Only settled funds can be withdrawn from securities account to bank account

        5) Submit the request and wait for the arrival of funds


        2. How to check the status of withdrawal?

        You can view your funds record via “APP - Accounts - Transfers - History

        You can find your withdrawals with any of the five statuses shown below:

        ● In Progress: The withdrawal request is pending 

        ● Completed: The withdrawal request has been processed on our side.

        ● Cancelled: The withdrawal request has been cancelled by the client.

        ● Declined: The withdrawal request has failed the review. For details, please refer to the email and app notification. 

        ● Reversed: The funds are returned to your moomoo account due to a bank reversal.


        3. Estimated arrival time and fees

        3.1 Transfer to Singapore Banks

        Currency

        Withdrawal Amount

        Beneficiary Bank

        Estimated Arrival

        Remittance Fee

        SGD

        Under 200,000 SGD

        Singapore banks with FAST

        1 business day

        Free

        Others

        1-3 business days

        Approx. 5 SGD

        Over 200,000 SGD

        DBS/POSB Bank

        1-2 business days

        Free

        Others

        1-3 business days

        Approx. 30 SGD

        USD/HKD

        Any Amount

        DBS/POSB Bank

        1-2 business days

        Free

        Others

        1-3 business days

        Approx. 30 SGD or equivalent


        3.2 Transfer to non-Singapore Banks

        Currency

        Estimated Arrival

        Remittance Fee

        SGD/USD/HKD

        1-3 business days

        Approx. 30 SGD or equivalent