Earn up to 4% interest on your balance

Unlock more ways to earn interest and rewards when you save and spend with a Wealthsimple Cash account.

Get 1% back in cash, stocks, crypto, or have it automatically invested for you.

Rewards for spending and saving, no monthly fees, and no surprises

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Your wallet's new favourite card

Use anywhere Mastercard is accepted — in stores, in apps, or online. Bonus: it won't affect your credit score.

4% interest on your cash balance

Unlock an exceptional everyday rate on your Wealthsimple Cash account when you invest $100,000 across all your accounts with us. No limited-time catch. See full details in the FAQ below.

3% interest with direct deposits

Direct deposit a minimum of $500 of your paycheque to get 3% interest on your entire Wealthsimple Cash balance. And that’s your everyday rate, not a promotion.

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Simple and secure

Your money is held at a CDIC member institution, and is protected up to $100,000. See full details in the FAQ below.

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Set your money in motion

Sign up in minutes and earn more when you spend, save, and manage your money with Wealthsimple.


Unlike some high interest rate offers you might see out there, ours don't end after a limited promotional period. There’s always a chance the Bank of Canada makes a move and we follow suit, but we have no set end date for these great rates. See here for details.

For starters: it’s 100% free to use and there are no fees. And it’s simple — it takes less than three minutes to download the app, set up your account, and start spending.

Plus, you’ll earn 1% back in stock, crypto, or cash on almost everything. It’d be like if your debit card got rid of all the hidden fees, and came with a rewards program.

First off: there are no annual fees! And unlike credit cards, the Wealthsimple card doesn’t require a credit check or any other qualifications.

And no, you’ll never need to worry about this card impacting your credit score.

We don't charge any monthly account fees or minimum balance fees.

We don't charge a foreign transaction (FX) fee. Usually, banks charge you around 3% to use your Canadian credit card in another country. We, on the other hand, don't do that. There is still a 1% currency conversion fee charged by Mastercard (not us!) when you make a purchase in another currency.

We don't charge ATM fees. The ATM might though, so make sure you check the number on the screen (and do the currency conversion) before withdrawing.

No, but we are a FINTRAC-registered money services business, and we work closely with banking partners to keep deposits safe. This means we can offer a lot of the same perks and conveniences of traditional chequing and savings accounts.

It’s simple: download the app, tap “Spend” to open your account, add the card to your phone’s wallet, then add funds. No need to visit a branch or fill out any paperwork!

Your physical card will arrive by mail in a couple of weeks — but you can start earning rewards right away with the digital card.

Your everyday spending account comes with both a digital and physical card that you can manage right from the Wealthsimple app.

The app lets you manage your rewards and spending preferences, or lock your card if something happens to it. Your balances are all updated in real time, too — even if you’re using the physical card.

The balance in your Wealthsimple Cash or Wealthsimple Save account is held in trust for you with members of the Canada Deposit Insurance Corporation (CDIC), a federal Crown corporation. CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. Although Wealthsimple is not a CDIC member institution, under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary per member institution. Coverage is free and automatic. Learn more.

For crypto, you’ll be able to choose any of our 40+ coins that we offer as your reward. Whenever you spend, you’ll automatically earn 1% back in your chosen coin. If you don’t want to auto-buy a specific coin, your rewards balance is deposited to your Crypto account as cash.

Stock rewards are a little different: your 1% back will be awarded as a cash balance into your Stock & ETFs account, and from there you can buy whichever stock you like.

And don’t worry — you can change your mind any time and update your reward preferences right in the app. More details here.

You can use your card online and in-store everywhere Mastercard® is accepted.

And since Mastercard is accepted all over the world, you can use your Wealthsimple card while traveling (with a few exceptions and fees from Mastercard).

You can also use the physical card to withdraw cash at ATMs Canada-wide. While we don’t charge any fees for withdrawing cash, you still might see a standard ATM fee (usually about $3.00) when you make a withdrawal at an ATM.

We’re releasing new features on a rolling basis. Keep an eye on this page for the latest feature announcements!

Earning is automatic with the right account! Open a Spend account and use your Wealthsimple card to get 1% back in cash, stocks, or crypto rewards on pretty much anything you buy. Get the full details here.

To earn 1.5% on your savings, just open a Save account. You’ll earn interest on your deposits. Learn more here.