Wealthsimple Visa Platinum* prepaid card

The Visa Platinum Prepaid card comes with your Wealthsimple chequing account. It spends the money already in your account and works anywhere Visa is accepted, in Canada and abroad. There's no fee for the card itself, no monthly account fee, and no minimum balance.

Wealthsimple's chequing account comes with a Visa Platinum Prepaid card, which works the way a debit card does — every purchase comes out of the balance in your account, so you're never borrowing money. There's no credit check to get one and it doesn't affect your credit score.

The Visa Platinum Prepaid card spends money you already have, while a credit card lends you money you pay back later. There's no fee for the card itself, no monthly account fee, no credit check and it won't affect your credit score. It also won't help you build credit — for that, you may want to consider a credit card.

No fee for the card itself, no monthly account fee, and no minimum balance. No foreign transaction fee when you spend in another currency. ATM fees reimbursed anywhere in the world. No limit on how much you can tap with your virtual card. And a separate card for each of your chequing accounts.

The Visa Platinum Prepaid card has no monthly account fee, no card fee, no minimum balance fee, and no foreign transaction fee. ATM operator fees are reimbursed. Interac e-Transfers are free. Domestic wire transfers cost $15, and incoming wires are free.

No. Wealthsimple doesn't charge a foreign transaction fee (also called an FX fee) when you spend in a currency other than Canadian dollars. You'll still have to pay a currency conversion rate, which will be the Visa exchange rate for the day the transaction settles.

Yes. Wealthsimple doesn't charge you to withdraw cash, and if the ATM operator charges a fee, we reimburse it — in Canada and anywhere in the world. The reimbursement appears in your activity feed.

Yes, you can use the Visa Platinum Prepaid card anywhere Visa is accepted — online, in store, and abroad. You can add your virtual card to Apple Pay or Google Wallet, and there's no limit on the amount you can tap. One exception: Costco Canada only accepts Mastercard in its warehouses, so the card won't work at the till there.