Wealthsimple · Online brokerage promotions · Current
Receive a 1% match on eligible transfers of at least $25,000, up to $20,000
Wealthsimple pays a 1% match on eligible institutional transfers of at least $25,000, up to $20,000 in cash.
How this promotion works
Up to $20,000 guaranteed cash
Wealthsimple pays 1% of eligible net transfers, up to $2,000,000 in qualifying funding and $20,000 in cash.
- Eligible institutional transfers: 1%$25,000 to $2,000,000 qualifying amount; $20,000 rule cap$250 cash at the stated minimumRegister before initiating the transfer and meet the 730-day hold requirement.
Normal recurring account fees, not promotion eligibility
- Cash
- Free · $0
- Tax-free savings account (TFSA)
- Free · $0
- Registered retirement savings plan (RRSP)
- Free · $0
- First home savings account (FHSA)
- Free · $0
- Who it is for
- New and existing Canadian Wealthsimple self-directed investing clients of majority age. This row covers Trade accounts; Managed Investing and Crypto scope in the official offer is not represented in this product mapping.
- Qualifying action
- Register first, then initiate at least $25,000 in qualifying transfers from another Canadian investment institution within 30 days; transfers must arrive within the following 90 days.
- Apply or enrol by
- No stated registration deadline
- How to apply
- Register online or through an invitation in the app, web account, or from a Wealthsimple representative; no promo code is stated.
- Holding requirement
- Keep the pre-registration balance plus at least 80% of net qualifying transfers at Wealthsimple for 730 days after qualification; excess withdrawals reduce future payments.
- Reward timing
- Paid to a Wealthsimple chequing account in 24 equal monthly payments, starting after the full net funding amount settles.
Key conditions
- The 1% match applies to no more than $2,000,000 in qualifying funding across registrations.
- Cash deposits, internal Wealthsimple transfers, and Group Plan transfers do not qualify.
- A Wealthsimple chequing account in good standing is required to receive payments.