Wealthsimple promotions and referral bonuses

Wealthsimple is one of Canada’s premier digital banking and investing platforms. Whether you want to sign up for Wealthsimple’s trading platform or chequing account, it’s worth opting in for a promotion or referral bonus to get a little extra in your pocket in the process.

Weathsimple promotions available now

Currently, Wealthsimple is offering the following promotions:

Does Wealthismple offer a referral bonus?

Yes, Wealhsimple offers a standard ongoing referral bonus where both the referrer and the referred can earn a $25 cash bonus through a fairly standard refer-a-friend program. The referred person simply needs to open a Wealthsimple Trade, Crypto, Managed Investing or Chequing and then deposit at least $100 from an outside institution within 30 days of signing up.

Plus, Wealthsimple offers a tiered referral bonus structure, so that the more your referred friend deposits into their new account, the more you (the referrer) can earn. While the friend you refer will always earn $25, you as the referrer, can earn the following referral bonuses based on the total amount they deposit within the first 30-day window:

Total deposit	Total referral bonus
$100 – $999.99	$100
$1,000 – $9,999.99	$125
$10,000 – $49,999.99	$175
$50,000 – $99,999.99	$275
$100,000 – $499,999.99	$575
$500,000 – $999,999.99	$1,575
$1,000,000+	$5,075

The Wealthsimple transfer bonus is one of the best programs of its kind in Canada, offering a straightforward way to earn more through a tiered refer-a-friend promotional program.

How to qualify for the Wealthsimple referral transfer bonus?

The Wealthsimple referral program is specifically designed to incentivize transferring your funds to Wealthsimple, which is why the requirements to qualify for the transfer bonus are simple. The referrer just needs to be:

• An existing Wealthsimple account user (with all accounts in good standing)
• A legal resident of Canada
• At least the age of majority in your province or territory
• Have at least $100 deposited in a Wealthsimple account (Self-directed Investing, Crypto, Managed Investing or Chequing account)
• Have received an Invitation from Wealthsimple through the app or via email to participate in this referral program promotion

The person being referred to Wealthsimple needs to be:

• A legal resident of Canada
• At least the age of majority in your province or territory
• Be a new Wealthsimple customer who has never opened a Wealthsimple account before

Steps to get the Wealthsimple referral bonus

Follow these steps to get the Wealthsimple transfer-in referral bonus promotion:

1. Share your unique link:
   Log in to your Wealthsimple app, tap the Gift icon, and select Invite friends to copy your unique referral link or 6-digit code.
2. Your friend signs up:
   Your friend must click through your unique link when signing up for their first Wealthsimple account. If they already have an account but haven’t funded it yet, they can manually enter your code in the Rewards section of the app within 7 days of making their first deposit to still qualify for the referral bonus.
3. Your friend funds their new account:
   To trigger the bonus, your friend must deposit or transfer at least $100 from an external financial institution into their new Wealthsimple account within 30 days of opening the account.
4. Open a Chequing account:
   Make sure you and your friend have opened Wealthsimple Chequing accounts. The Wealthsimple referral bonus is paid out in cash and will be deposited directly into the Wealthsimple Chequing account under each of your names. You’ll have 90 days from being notified to open a Chequing to receive the bonus.
5. Wait to get your bonus:
   The $25 bonus is usually deposited into both your and your friend’s accounts within 24 hours of your friend making their eligible deposit. If your friend deposited more than $100, your additional referral bonus payout will be paid out following a seven-day settlement period after their 30-day funding window ends.

Is it worth switching to Wealthsimple for a promotional offer?

Yes, it can definitely be worth switching to Wealthsimple to take advantage of a promotional offer. Wealthsimple is increasingly innovating its platform to set itself apart as a premier financial platform in Canada. Its flagship offerings are its interest-earning chequing account and investment platform.

The Wealthsimple chequing account comes with loads of perks, including:

• Earn between 1.75% and 2.25% interest on your balance
• No monthly fee
• No FX fees
• Unlimited transactions and e-transfers
• No minimum balance

The Wealthsimple trading platform—its original flagship platform—also offers standout features. Its user-friendly app interface makes it easy for beginner investors to get started while also providing the tools needed for more advanced traders to easily manage their investments. It offers a $0 stock trading fee, free ETF trading and $0 options trading—all with a $0 trading account fee.

Wealthsimple’s well-built financial platform has frequently made our lists of the best chequing accounts and the best trading platforms in Canada.

How do Wealthimple promotions compare to other bonus offers?

Like Wealthsimple, other banking and investment platforms in Canada also offer promotions when you open a new account. We’ve compiled some of the top promotional offers for banking and investment platforms below, so you can easily compare options and find the right bonus for you.

FAQs about Wealthsimple promotions