Electronic funds transfer
EFT direct deposit service provides a fast, simple and cost effective way to make withdrawals from your CMC Markets account.
EFTs are generally processed and applied to your account within 24 business hours. Most major banks do not charge for EFTs, but we suggest you check with your bank before making an EFT deposit. CMC Markets does not charge for EFT withdrawals.
Your account must be set up for Electronic Funds Transfer to utilize this withdrawal method. To set up EFT in your account, please complete the EFT Online Application Form.
Click here to set up your account for Electronic Funds Transfer.
If your account is already set up for EFT, you can send your requests to our Payments Department. Please include your name, CMC Markets Account number, the amount, currency and bank. Alternatively, you can complete the EFT Request Form and return it via email, fax, or mail.
We will endeavour to process requests made before 10am ET on the same day.
In order to avoid possible delays in processing your requests, please keep in mind the following:
- We will only pay funds out to a bank account that is held in the same name as the CMC Markets account in accordance with our Anti-Money laundering procedures
- If you require funds to be sent to a bank account that is not on file, please complete the Bank Change Form and send a copy of a bank statement or void cheque to our Payments Department.
- EFT requests may be made via email, fax, phone or mail.