Which deposit methods are available?: OANDA (Canada) Corporation
Debit cards deposits: what should I know?
We process deposits from debits cards that are backed by MasterCard or Visa.
| Minimum deposit | Maximum deposit | Average processing time | Our fees |
|---|---|---|---|
| None | 50,000 units of currency per calendar month. Note: You will not have maximum deposit limits if your bank supports ‘Verified by Visa’ or ‘MasterCard Secure Code’. | Immediate | No fees |
Your bank may charge you a service fee.
Bank wire transfer: what should I know?
| Minimum deposit | Maximum deposit | Average processing time | Our fees |
|---|---|---|---|
| None | None | One to three business days for domestic wire transfers. Up to five business days for international wire transfers. | No fees |
- Before you initiate a wire transfer from a new bank, create a bank profile and upload your bank statement for verification. We process wire transfers only from verified bank profiles.
- When you make a wire transfer, we require the receipt or screenshots to verify the transaction. We may contact you to obtain the necessary document(s) and process the deposit.
- We encourage you to proactively submit your wire transfer receipt to frontdesk@oanda.com to prevent any delay in processing the deposit. The transaction receipt or screenshot should contain the account name, the bank account details, the amount sent, your transfer memo and/or date.
- Your bank account name must match with your registered OANDA account name.
- We cannot accept payments by cheque or cash.
PayPal (CAD accounts only)
| Minimum deposit | Maximum deposit | Average processing time | Our fees |
|---|---|---|---|
| None | No limit for Verified PayPal accounts. $1000 (CAD) lifetime limit for unverified PayPal accounts. | eCheques will take five to seven business day. | No fees |
- Your PayPal account name and email must match with your registered OANDA account details.
- We cannot process deposits via PayPal if the PayPal account is linked to a debit or credit card. For successful transfers, your PayPal account should be linked to your bank account.
- PayPal may charge you a service fee.
Notes
- OANDA cannot accept payments from third parties. Please ensure that the name on the originating account matches with your OANDA account name. If you want to receive funds from a third party you need to set up a joint account with that party.
