Your deposit method matters more than most traders realize, because anti-money-laundering rules mean withdrawals return by the same route.
The main rails
- Interac e-Transfer — fast and familiar; supported by several brokers with per-transfer limits.
- EFT / bank transfer — the workhorse for serious balances; 1–3 business days.
- Wire — fastest for large amounts; your bank will charge C$15–50.
- Cards — instant but limited, and some issuers treat broker deposits as cash advances.
Withdrawal speed in practice
Broker processing (usually same or next business day at regulated firms) plus banking rails. EFT withdrawals typically land within 1–3 business days of approval.
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CAD vs USD accounts
If you deposit CAD into a USD-denominated account, conversion costs 0.5–2% each way. Choose a CAD base currency where available, or convert deliberately at better rates first.