WikiFX

Sagot

In my experience, withdrawals from Questrade generally take up to five business days to arrive in your bank account when using Electronic Funds Transfer (EFT), which is the most common method. Questrade explicitly states that they do not charge any withdrawal fees for EFT, but your bank’s processing time can still play a role in when you receive the funds. For wire transfers, the actual timeline may depend on your bank and sometimes may incur additional fees not charged by Questrade itself. I have found that the quoted timeframe is typically accurate, especially if all account verification and documentation are in order before making a withdrawal request. However, if there are any issues with account setup or if your request falls around weekends or holidays, it can lead to minor delays. That said, I have not encountered any unusual or unexplained delays or missing funds, so from a risk management perspective, this part of Questrade’s process has remained reliable for me. I would encourage anyone using Questrade to ensure their banking information is up to date and to initiate withdrawals with enough lead time if you need your funds by a certain date, particularly to avoid any stress due to banking schedules.