Instant Deposit Agreement-moomoo Help Center (2024)

FAQs

Instant Deposit Agreement-moomoo Help Center? ›

You must have a margin account at Moomoo Financial and you must maintain a minimum deposit of $2,000 or 100 percent of the purchase price of a security—whichever is less—in the Instant Deposit Account before purchasing a security. Additional deposits may be required to meet applicable margin requirements.

Normally, it takes 1-3 business days for the funds to appear in your Moomoo AU account. Notes: Banks may not process transfer requests during public holidays, please reserve enough time in case of affecting your investment arrangements.

1. In the moomoo app, tap Accounts > All Functions > Funding History > ACH History > Deposit. 2. Tap the deposit request that needs to be cancelled.

All you need to know about deposit requirements at moomoo

At moomoo, the minimum deposit is $0. This means that you can deposit as little money as you wish. Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.

Moomoo Financial Inc. does not limit the amount you deposit.

Moomoo Financial does not make any investment recommendations and is making no recommendation with respect to whether or not you should open an Instant Deposit Account. Moomoo Financial offers Instant Deposit Accounts as a service.

Funds placed on hold are not available to withdraw until the hold is cleared from your account. Funds may be placed on hold for the following: Open order being processed. Pending withdrawal requests.

Pending deposits aren't available for withdrawal; however, they'll generally post to your account within one to two business days. You can check the status of your deposit in your digital banking.

Canceling Pending Bank Account Transactions

Depending on your bank's policies, you may be able to request a stop payment online, in your banking app or by phone, or you may need to visit a bank branch. Banks typically charge a stop payment fee of $20 to $30.

Key Takeaways

Banks usually hold the first $225 of a deposit for one business day and any remaining amount for two business days. Financial institutions provide their hold policies when you open a bank account.

Is my money safe in moomoo? ›

You can rest assured, moomoo is considered reliable as it is regulated by the top-tier SEC and FINRA in the US, MAS in Singapore, ASIC in Australia, CIRO in Canada, SC in Malaysia, FSA in Japan.

Futu Holdings

Moomoo / Parent organization

A deposit via ACH normally takes up to five business days to settle. Public holidays may delay an ACH transfer. Estimated settlement time: by Friday 10:30 AM ET.

Funds on Hold

11.1 Pending Orders: The funds are frozen by pending orders. 11.2 Fee Withholding: Unsettled withholding transaction fees, interest on margin and securities lending, etc. 11.3 IPO Subscription: The funds are frozen for IPO subscription before subscription deduction.

You can withdraw SGD, HKD, and USD from your Moomoo SG universal account to an external bank account. *Note: The bank account must be under your name.

A withdrawal via wire transfer normally takes about 1-3 business days to land in your bank account, depending on your beneficiary bank. Moomoo is a professional trading app offered by Moomoo Technologies Inc.

Withdrawals from your brokerage account may take 1-3 business days to reach your linked bank account.

New accounts are usually approved within the same day but may take 1-3 business days in some cases. We will inform you immediately once your account is approved.