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Getting your money out of Questrade

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how Questrade handles withdrawals today.

Regulation: Canadian Investment Regulatory Organization (CIRO). How Questrade is regulated

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 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.

Is there a minimum withdrawal at Questrade?

The minimum withdrawal at Questrade is $1.

Deposits and withdrawals at brokers under the same regulator

More about Questrade