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Withdraw Funds
Sign into the Funds Management System to withdraw funds.
Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.
Note: Credit card withdrawals are subject to credit card company rules that stipulate you may only withdraw up to 125% of the amount you originally deposited into your OANDA account using a credit card.
Funds must be withdrawn by the same method used to deposit money into your OANDA account. For example, if you deposit funds via bank transfer, withdrawals will be sent via bank transfer; if you deposit via PayPal, withdrawals will be sent via PayPal; if you deposit funds via check, withdrawals will be sent via check.
Processing Time
| Method | Typical Processing Time | Notes |
|---|---|---|
| Credit Card | USD/GBP/CAD: 1-2 business days | This only reflects the typical processing time it takes OANDA and its credit card provider to complete the credit card withdrawal. Your credit card company may take additional time to complete the refund process. |
| EUR/CHF: 2-3 business days | ||
| AUD/HKD/SGD/JPY: up to 5 business days | ||
| Bank Wire Transfer | Within Canada: 1-2 business days | |
| International: up to 5 business days | ||
| PayPal | Within 1 business day | |
| Check | 1-2 business days | It may take up to a week for the postal service to deliver the check after the check is mailed. |
Withdrawal Fee
The following fee schedule applies to withdrawal requests made via bank transfer / wire and credit card:
| Bank Transfer / Wire Withdrawal Fees |
Credit Card |
|||
| Account | First Withdrawal (*Fee) processed within calendar month |
Additional Withdrawals processed within calendar month |
First Withdrawal (*Fee) processed within calendar month |
Additional Withdrawals processed within calendar month |
| CAD | CAD $20 | *Fee + CAD $20 | No Fee | CAD $15 |
| AUD | AUD $20 | *Fee + AUD $20 | No Fee | AUD $20 |
| Swf | CHF $20 | *Fee + CHF $20 | No Fee | CHF $20 |
| EUR | EUR €20 | *Fee + EUR €15 | No Fee | EUR €20 |
| GBP | GBP £10 | *Fee + GBP £10 | No Fee | GBP £10 |
| HKD | HKD $150 | *Fee + HKD $150 | No Fee | HKD $150 |
| JPY | JPY ¥2,000 | *Fee + JPY ¥2,000 | No Fee | JPY ¥2,000 |
| SGD | SGD $20 | *Fee + SGD $20 | No Fee | SGD $20 |
| USD | USD $20 | *Fee + USD $15 | No Fee | USD $15 |
Check / PayPal (CAD accounts only)
No fees are applied for the first withdrawal processed within a calendar month. If more than one withdrawal is processed within a calendar month, a $15.00 CAD fee will be deducted from the withdrawal.
Need Help?
If you have any questions on fund transfers, please contact one of our fxTrade account managers today.