Wealthsimple's transfer match applies to eligible investment-account transfers. A client must register before initiating transfers, then transfer at least $25,000 in total from another Canadian investment institution within the 30-day qualification period. Cash deposits, Interac e-Transfers, transfers between Wealthsimple accounts and Group Plan transfers do not qualify.
The core match is 1% of net qualifying transfers up to $2 million, for a maximum $20,000 bonus. Wealthsimple pays the bonus in 24 equal monthly instalments to a Wealthsimple chequing account. Transfers must arrive within 90 days after the qualification period ends.
Clients can register online, through an invitation in the app or web account, or through a Wealthsimple representative. The core offer has no stated registration end date. A separate temporary boost applies to funding above $2 million for clients who register from July 8 through August 31, 2026; that boost does not change the core 1% rate on the first $2 million.
The required balance is generally held for 730 days after the qualification period, with a 20% withdrawal buffer and specified permitted transactions. Going beyond the available withdrawal amount can permanently reduce future payments. Wealthsimple also reimburses one transfer-out fee for each qualifying account transfer of at least $25,000.