Transfer bonus
Get a 1% match on account transfers
How to claim your transfer bonus
Register
Sign up for the transfer bonus in-app or online.
Transfer at least $25,000
Move $25,000 from another institution within 30 days (it doesn’t need to be all at once).
Get a match
Your match will be deposited every month into your chequing account over 24 equal payments. Conditions apply.
Unlike flat cash bonuses, our match scales with your transfer — 1% of what you move, up to $20,000.
Comparing transfer bonuses
Transfer bonuses are simple: The more you move to us, the more you’ll get paid. But other bonuses often aren’t as straightforward — or as lucrative.
Our 1% match | A flat cash bonus | Free trades or credits | Just a transfer fee waiver | |
|---|---|---|---|---|
| How you’re paid | You’re paid a percentage of what you transfer, up to $20,000 | You get a fixed amount, no matter how much you move | You get an amount transferred to your account, but only if you trade often | You only get the cost of your transfer-out fee covered |
| On a $50,000 transfer | $500 | Often $50 - $500 | $0, unless you trade often | Usually up to $150 |
| On a $250,000 transfer | $2,500 | Often $50 - $500 | $0, unless you trade often | Usually up to $150 |
| Transfer fee reimbursement | It’s covered, up to $150 per account | It’s covered... sometimes | It’s covered... sometimes | It’s covered — but that’s the whole offer |
How to transfer an account (and skip the transfer fees)
Switching to Wealthsimple? We’ll cover the transfer-out fee your old institution charges — up to $150 per account.
Most banks and brokerages charge a transfer-out fee — often $50 to $150 per account. We don’t think switching should cost you anything, so when you transfer $25,000 or more to Wealthsimple, we'll reimburse that fee.
Step 1
Start your transfer to Wealthsimple of $25,000 or more.
Step 2
Your old institution charges its transfer-out fee.
Step 3
Send us the proof, and we'll reimburse the fee — up to $150 per account.
Ready to transfer to Wealthsimple?
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FAQs
What promotions is Wealthsimple offering right now?
What promotions is Wealthsimple offering right now?
Wealthsimple's current promotions are listed on this page and updated whenever an offer changes. As of August 2026, we're offering [#] of offers, including Monthly Millionaire and a 5% credit card welcome bonus. Check back here for the latest — this page always reflects what's live today.
How do Wealthsimple promo codes work?
How do Wealthsimple promo codes work?
While many of our offers don’t require promo codes, some use referral codes or links. It’s always a good idea to check each promotion’s terms and conditions.
Does Wealthsimple cover transfer fees when I move my account?
Does Wealthsimple cover transfer fees when I move my account?
Yes. When you transfer $25,000 or more into Wealthsimple, we reimburse the transfer-out fees your old institution charges. Please allow up to two business days after your transfer is complete for the reimbursement to appear in the cash balance of your account.
How does the Wealthsimple referral program work?
How does the Wealthsimple referral program work?
When you refer a friend, you both get rewarded. Share your personal referral link, and once your friend signs up and meets the offer conditions the reward is added to both accounts automatically. You can find your link in the app.
How much do I get for referring a friend?
How much do I get for referring a friend?
Referral rewards vary by the promotion running at the time. The current referral bonus is $25 per successful referral, with both you and your friend rewarded once they meet the offer conditions. The live amount is always shown on your referral screen in the app.
Where do I find and enter my referral or promo code?
Where do I find and enter my referral or promo code?
Your referral link lives in the Wealthsimple app under [Refer a friend]. To enter a promo code, go to [Profile → Promotions] during or after sign-up and paste it in before completing the qualifying action. Codes must be entered before the offer's expiry date to count.
Who is eligible for Wealthsimple promotions — new clients only, or existing clients too?
Who is eligible for Wealthsimple promotions — new clients only, or existing clients too?
Eligibility depends on the specific offer. Many promotions are open to both new and existing clients, while sign-up bonuses are typically for first-time clients only. Each promotion lists its exact eligibility criteria in its terms — check those before you claim.
Can I combine or stack multiple Wealthsimple promotions?
Can I combine or stack multiple Wealthsimple promotions?
Usually no — most Wealthsimple promotions can't be stacked, and only one offer applies per qualifying action unless the terms say otherwise. If you're eligible for more than one, we'll generally apply the one of higher value. Always check each offer's terms for stacking rules.