Overview of the deposit methods
You can deposit funds into your brokerage account in the following three methods:
Item | Online Bill Payment (Recommended) | EFT (Electronic Funds Transfer) | Wire Transfer |
Processing time | 1-3 business days | Usually 5 business days | Usually 4 business days |
Transfer fee | Free | Free | The other bank charges 20-50 USD. Moomoo CA does not charge any transfer fees. |
Currency | Individual Margin Account: CAD Individual Cash Account: CAD Registered Retirement Savings Plan (RRSP): CAD Tax-Free Savings Account (TFSA): CAD | Individual Margin Account: CAD & USD Individual Cash Account: CAD & USD RRSP: CAD TFSA: CAD | Individual Margin Account: CAD & USD Individual Cash Account: CAD & USD RRSP: CAD TFSA: CAD |
Banks | Canadian banks | Canadian banks | All banks |
Deposit limit | Depending on your bank limit | Up to 100,000 USD per 7 business days | Depending on your bank limit |
Withdrawal hold*
| Hold period is 3 business days after the funds arrive in your account | Hold period is 5 business days after the funds arrive in your account for any withdrawal to the originating bank account Hold period is up to 66 business days after the funds arrive in your account for any withdrawal to another bank account. | Hold period is 3 business days after the funds arrive in your account |
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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 of the brokerage account. If the names don't match, the deposit won't be accepted, and any fees will still be incurred. Additionally, corporate bank accounts can not be used to transfer funds to Moomoo CA.
●If you haven't received your funds after 5 business days, please contact our customer service. Go to Me > Customer Service, on the moomoo app.