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Questrade deposits and withdrawals

Every method, time and fee on record for moving money in and out of Questrade.

Facts last checked . Read the full Questrade review.

Deposits and withdrawals

Deposit methods
Interac, Visa Debit, online banking bill payment, pre-authorized deposit, bank transfer/wire and account transfer
Withdrawal methods
Electronic funds transfer, wire transfer and account transfer
Deposit time
Instant for eligible Visa Debit; bill payment 1-2 business days; FX/CFD PAD generally 5-10 business days
Withdrawal time
Typically 1-5 business days depending on method
Minimum withdrawal
$1
Local payment methods
Interac; Canadian online bill payment and Canadian EFT

What this means

Withdrawals are stated at Typically 1-5 business days depending on method, against Instant for eligible Visa Debit; bill payment 1-2 business days; FX/CFD PAD generally 5-10 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: electronic funds transfer, wire transfer and account transfer. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $1 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about Questrade deposits and withdrawals

How do you deposit at Questrade?

Questrade accepts deposits by interac, Visa Debit, online banking bill payment, pre-authorized deposit, bank transfer/wire and account transfer.

How do you withdraw from Questrade?

Withdrawals from Questrade are made by electronic funds transfer, wire transfer and account transfer. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a Questrade withdrawal take?

Questrade records withdrawal times of typically 1-5 business days depending on method. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Deposits and withdrawals at brokers under the same regulator

More about Questrade