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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 Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used.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Funds must be withdrawn by the same method used to deposit money into your OANDA account.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. This means that you can send funds through fxGlobalTransfer only if you have deposited funds via bank transfer (i.e. wire).
Processing Time
Withdrawal requests received by OANDA are processed before the close of the next business day. OANDA will email you a notification when your withdrawal request has been processed.
For wire transfers within Canada, please allow 1-2 business days for the funds to arrive at your bank. For international wire transfers, please allow up to 5 business days for the funds to arrive at your bank.
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 |
CAD Accounts
Check:No fees are applied for the first cheque withdrawal processed within a calendar month. If more than one withdrawal is processed within a calendar month, a $15.00 fee will be deducted from the withdrawal.
PayPal: If more than one withdrawal is processed within a calendar month, a fee of $15.00 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.