Wealthsimple Referral Code: Get a $25 Cash Bonus
Sign up for Wealthsimple with our referral code and get a $25 cash bonus after a $100 deposit. Here's how the bonus works, what the fine print says, and whether Wealthsimple is worth it.
Investing
Wealthsimple
$25
cash bonus
Bonus terms are set by Wealthsimple and may change at any time.
Wealthsimple is one of Canada's biggest online investing platforms. You can open TFSA, RRSP and FHSA accounts, trade stocks and ETFs without commissions, park cash in a high-interest account, or let them manage a portfolio for you. There are no account minimums, and the app is easy to figure out even if you've never invested before.
Our review
A solid first stop for new Canadian investors. Low fees, no minimums and a clean app. The referral bonus is a nice extra, but read the withdrawal rules before you move money.
What the referral bonus actually is
Sign up with a referral link and you both get $25 in cash once you meet the requirements. It costs you nothing extra. It's the same signup, with a bonus attached.
Here's what you need to know up front:
- New clients only. You can't have had a Wealthsimple investing, crypto or chequing account before.
- Deposit at least $100. It has to come from outside Wealthsimple, and you have 30 days from signing up.
- You need a chequing account. The bonus is paid into Wealthsimple Chequing, so open one if you do not have one.
- Keep the money in for 180 days. Withdraw too early and the bonus can be taken back.
What you get
- $25 in cash after your first qualifying deposit
- Commission-free trading on stocks and ETFs
- A high-interest cash account with no monthly fee
- Registered accounts (TFSA, RRSP, FHSA) and managed portfolios if you'd rather not pick investments yourself
How to claim the Wealthsimple bonus
- 1
Use the referral link
Click the button below so the referral is applied automatically. You do not need to type anything in. - 2
Create your account
Sign up and finish identity verification. It usually takes a few minutes. - 3
Deposit $100 or more
Fund your new account from another bank within 30 days. Transfers between your own Wealthsimple accounts do not count. - 4
Open a chequing account if needed
The bonus lands in your Wealthsimple Chequing account, so you will need one to receive it. - 5
Leave the money alone for 180 days
Keep your deposit and the bonus in your account for six months so it does not get clawed back.
Pros
- No account minimums and low fees
- Commission-free stock and ETF trading
- Registered accounts (TFSA, RRSP, FHSA) in one app
- Both you and the person who referred you get $25
Cons
- The bonus can be clawed back if you withdraw within 180 days
- You need to deposit at least $100 from outside Wealthsimple
- Only new clients qualify
- $25 is small if you were never going to use the platform
Is Wealthsimple worth it?
If you were already thinking about opening an investing account, yes. Fees are low, there are no minimums, and everything lives in one app. The $25 is a bonus on top of a decision you'd make anyway.
If the plan is to deposit $100, take the $25 and pull everything out next week, it won't work because of the 180-day hold. Treat the referral as a tie-breaker, not the reason to sign up.
Other informational sources
If you want more details, here are some other sources of information:
Wealthsimple Referral Code Thread | Wealthsimple Referral Code Website
Frequently asked questions
How much is the Wealthsimple referral bonus?
Can existing Wealthsimple clients use a referral code?
How long does the bonus take to arrive?
What happens if I withdraw my money early?
Is the referral bonus taxable?
Referral terms change without notice. Always confirm the current details on Wealthsimple's site before you sign up.
