Wealthsimple Promotions & Rewards

Sign up using a referral link, fund your account, and meet the eligibility criteria. The bonus will be credited to your account automatically.

Yes! Once you join, you'll get your own referral link to share with friends and family. Both you and your referrals can earn bonuses.

If you have never funded your account, there is no limit to when you can apply your friend's code. If you have funded your account, you have 7 days to apply a code in order to earn a reward. To do so, follow the steps below:

• Sign into the Wealthsimple app on your mobile device
• Tap the gift icon at the top of the screen
• Navigate to the Referrals tab
• Enter your friend's unique referral code (the series of 6 letters and numbers found in your invite text)
• If you don't see 'Enter referral code', it's likely your account has been open for longer than 30 days

If you didn't fund your account within 30 days of applying a referral code, the referral relationship expires. But no stress — you can reapply the same code or a new one. Just be sure to fund your account within 30 days of reapplying to qualify for the Bonus.

Must be a new Wealthsimple Self-directed Investing, Crypto, Managed Investing or Cash client, meaning they have not previously opened any Wealthsimple Self-directed Investing, Crypto, Managed Investing or Cash account. They must also be a resident of Canada.

Generally, the Bonus is likely combinable with other promotions or offers, however, every promotion's combinability is different, so please refer to those offers and promotions terms on whether all or part of this promotion can be combined.

The Bonus has a value of CAD$25. The Bonus is subject to change.

The referee must be a new Wealthsimple client, meaning someone who has not opened any Self-directed Investing, Crypto, Managed Investing, or Cash account with Wealthsimple in the past.

Wealthsimple offers a variety of promotions, including referral bonuses, cash card rewards, deposit boosts, and limited-time offers. Visit the official promotions page for the latest details and eligibility.

When you use your Wealthsimple Cash card, you earn 1% cashback on all purchases. You can choose to receive your rewards as cash, or automatically invest them in stocks or crypto. Some limited-time offers may increase your cashback rate or provide additional rewards. See this article for full details.

Eligibility varies by promotion. Most offers are for new clients who have not previously opened a Wealthsimple account. Some promos require a minimum deposit, specific account type, or use of a referral link or code. Always check the terms and conditions of each promotion on the official promo page.

Some promotions can be combined, but not all. For example, you may be able to combine a referral bonus with a deposit boost, but not with every limited-time offer. Always review the terms of each promotion or contact Wealthsimple support for clarification.

Promo rewards are typically credited to your Wealthsimple account after you meet the eligibility criteria (such as funding your account or making a qualifying purchase). Timing varies by offer—some are instant, others may take several days or weeks. Check the specific promo details for payout timelines.

You can view your promo and referral status in the Wealthsimple app under the "Referrals" or "Promotions" tab. For Cash card rewards, check the "Activity" section. If you have questions about a specific reward, contact Wealthsimple support.

Deposit boosts are limited-time offers that increase your interest rate or provide a cash bonus when you deposit a qualifying amount into your Wealthsimple account. Terms and eligibility vary—see the Deposit Boosts section for current offers and details.

Yes, most promotions have an expiry date or are available for a limited time. Always check the official promo page for current offers and deadlines. Some rewards (like ongoing Cash card cashback) do not expire as long as your account is in good standing.

To qualify for the referral bonus as a new client, you must open and fund a Self-directed Investing, Crypto, Managed Investing, or Chequing account. You must not have previously opened any of these account types with Wealthsimple.

Your referral bonus will be deposited into your Wealthsimple Chequing account. If you don't have a Chequing account, you'll need to open one within 30 days to receive your bonus. Any bonus not deposited within 90 days may be forfeited.

Yes, you must keep the bonus in your Wealthsimple account for at least 180 days from the day it's applied. You don't have to invest the amount, but withdrawing before 180 days may result in the bonus being deducted from your final withdrawal.

Yes, there are tax implications to bonuses of this nature in most instances. The referral bonus is considered taxable income. Please consult with an accountant or tax professional for guidance. Wealthsimple will not issue a tax slip for the bonus.

The funding period is 30 days from when the referral relationship is established (either by signing up via a referral link or by entering a referral code). You must make your first qualifying deposit within this period to be eligible for the bonus.

A qualifying deposit is any deposit of at least $1 into your Self-directed Investing, Crypto, Managed Investing, or Chequing account. This includes direct deposits, bank transfers, or transfers from external institutions. The deposit must be received within the 30-day funding period.

Yes! Transferring an account from another brokerage to Wealthsimple counts as qualifying funding. There may be fees charged by your previous institution for the transfer. Wealthsimple will automatically reimburse up to $150 in transfer fees for transfers of $5,000 or more.

As a new client (referee), you'll receive your $25 base bonus within 24 hours after your first eligible deposit is received. The bonus will be deposited directly into your Wealthsimple Chequing account.

If you funded your account, you have 7 days to apply a referral code and still earn the bonus. After 7 days from funding, you won't be able to apply a referral code. If you haven't funded yet, there's no time limit to apply a code.

The Wealthsimple Credit Card offers 2% cash back on all purchases with no complicated spending categories. It's Canada's only Visa Infinite Privilege cash back card. Your cash back is automatically deposited into your Wealthsimple account.

The annual fee is waived if you have $100K+ with Wealthsimple, or when you switch a qualifying paycheque deposit to your Wealthsimple chequing account. Otherwise, fees are charged monthly.

No! Wealthsimple charges zero FX fees on the credit card, while most other credit cards charge up to 2.5%. Note that the payment network still applies a currency conversion rate, but Wealthsimple doesn't add any markup.

The credit card is a way of borrowing money with higher cash back rewards (2%) and additional benefits like insurance and Visa Infinite perks. The prepaid card spends money already in your chequing account. A credit check is required for the credit card and using it affects your credit score.

You can only pay your Wealthsimple credit card balance from a Wealthsimple chequing account. You can set up auto-pay to make payments on a schedule that works for you, or pay flexible amounts manually.

There are no tap limits when you use your virtual card in the app! Since your virtual card requires you to unlock your phone, there's added security. Your physical card does have tap limits depending on the purchase type.

The Wealthsimple Credit Card includes mobile device insurance, purchase protection, extended warranty, and access to Visa Infinite Privilege perks. Clients with $100K+ also receive a metal card upgrade.

Yes! The Wealthsimple Visa credit card is available to eligible clients in all provinces across Canada, including Quebec.