You can deposit funds into your brokerage account in the following three methods:
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Item
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Online Bill Payment (Recommended)
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EFT (Electronic Funds Transfer)
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Wire Transfer
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Processing time
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1-3 business days
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Usually 5 business days
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Usually 4 business days
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Transfer fee
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Free
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Free
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Your bank may charge a fee
*Moomoo Canada does not charge any transfer fees
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Currency
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Individual Margin Account: CAD
Individual Cash Account: CAD
Registered Accounts (RRSP/SRRSP/TFSA): CAD
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Individual Margin Account: CAD & USD
Individual Cash Account: CAD & USD
Registered Accounts (RRSP/SRRSP/TFSA): CAD
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Individual Margin Account: CAD & USD
Individual Cash Account: CAD & USD
Registered Accounts (RRSP/SRRSP/TFSA): CAD
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Banks
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Canadian banks
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Canadian banks
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All banks
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Deposit limit
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Subject to your bank's limit
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Up to 100,000 USD per 7 business days
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Subject to your bank's limit
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Withdrawal hold
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Funds are available for withdrawal once they arrive in your account.
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Hold period is 3 business days after the funds arrive in your account for any withdrawal to the originating bank account.
Hold period is up to 90 calendar days after the funds arrive in your account for any withdrawal to another bank account.
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Funds are available for withdrawal once they arrive in your account.
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Help Center articles
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How to deposit funds via online bill payment
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How to deposit funds via EFT
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How to deposit funds via wire transfer
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*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 not be processed.
Bank Transfer Notes
● The name on the bank account must match the name on your brokerage account. If the names do not match, the deposit will not be accepted, and any fees incurred from refunding the deposit will be your responsibility. Please note that if you are depositing into a Spousal Retirement Savings Plan account (SRRSP), the bank account holder's legal name may match either the account holder or the spouse.
● If you have not received your funds after 5 business days, please go to Me > Customer Service in the moomoo app to contact our customer service.
