Monthly Millionaire
Buy in bulk. Become a millionaire.
We’re giving away a million dollars, every month. Save money. Earn entries.
1. Register
You’ll receive 500 entries (once you open and fund a chequing account).
2. Save money to earn more entries
You can also refer friends and move your paycheque to maximize your chances.
3. Check back
We draw winners every week. Your entries will stack until the grand prize draw, then reset to 500 next month.
Monthly millionaire, weekly prizes
$25,000 | August 6
+ 100 Monos Carry-On Pro suitcases
$50,000 | August 13
+ 100 Monos Carry-On Pro suitcases
Volvo XC90 Ultra | August 20
+ 100 Monos Carry-On Pro suitcases
$1,000,000 | August 27
+ 100 Monos Carry-On Pro suitcases
Volvo XC90 Ultra Plug-in Hybrid
August 20 draw: the 2027 Volvo XC90 Ultra Plug-in hybrid
Room for everyone, ready for anything. This spacious 6- or 7-seat family SUV delivers all the comforts of home. Delivered right to our lucky winner.
David and his husband, Paul
June's million dollar winner
Our most recent winners
Real people, who have really won.
“This changes the way I think about my goals completely, because they finally feel within reach.
First, I want to pay off my student loans. I would like to travel, and cross taking a trip to the Yukon with my partner off the bucket list. After that, the rest is going away for safe keeping.”
“My goal is to ensure both of my kids can complete their schooling and begin their careers without the heavy burden of student loan debt.”
“My wife and I were shocked and incredibly grateful when we found out. We plan to be thoughtful with the money by investing in our family’s future, putting some toward our children, and setting aside a portion to help others and support causes that matter to us.”
“A big chunk is going straight toward my first home. But I'm definitely setting a little aside for something fun, because what's the point of a win like this if you don't treat yourself at least a bit!"
“When I found out I had won $25,000, I was completely stunned—I honestly had to read the message twice! I’m incredibly grateful for this wonderful surprise and look forward to celebrating with my family while putting the prize toward our future.”
“My partner and I are saving for a down-payment for our first home. We just moved back to Montréal after a decade out west and this has certainly brought us closer to our goal.”
“A home improvement project...will now move along faster than expected!”
“My current financial goals were geared towards the near future including saving up for further post secondary education and valuable experiences such as travelling.
The prize allowed me to get one step closer to achieving these goals.”
August exclusive
Monos Carry-On Pro
Each week this August, we’re giving away 100 Monos Carry-On Pro suitcases. Featuring a built-in front compartment for easy access to your travel essentials, the Carry-On Pro is designed for seamless, functional travel.
How to get as many entries as humanly possible
Register and fund a chequing account, get 500 entries
You’ll get 500 entries and stay registered month, after month, after month.
+ 1 entry for each dollar you save
That’s calculated, “money in” minus “money out.” If that number is positive, that’s good news. Each dollar is an entry.
+ 1 entry for each dollar you transfer
Move money from another financial institution to Wealthsimple? That counts too.
+ 5,000 entries for each friend you refer successfully
They just need to fund their first account by adding $100 within 30 days.
+ 2x total entries when you direct deposit your paycheque
So add up all the entries you’ve got, and double them once you’ve set up direct deposit. Your doubled entries will start in the first month a direct deposit is received.
Do all this to earn up to a maximum of 100,000 entries per month.
Ready for your chance to become a millionaire?
It all starts by registering now.
T&Cs apply. By providing your information you consent to receiving communications from Wealthsimple. You may withdraw consent at any time. By signing up, you agree to Wealthsimple’s Terms of Use and Privacy Policy. Contact us at privacy@wealthsimple.com or 80 Spadina Ave., Toronto, ON.
FAQs
Is Monthly Millionaire really happening every month?
Is Monthly Millionaire really happening every month?
Yes! Monthly Millionaire is an ongoing contest that runs every month. Learn more here.
How will I know if I've won?
How will I know if I've won?
Check the Wealthsimple web or mobile app every Thursday evening to reveal whether you've won. You'll also receive an email notification if you're a winner.
How are net deposits calculated?
How are net deposits calculated?
You earn 1 entry for every $1 of net deposits. Net deposits are calculated as your total deposits and transfers into your Wealthsimple accounts, minus any withdrawals. For example, if you deposit $500 but withdraw $200, your net deposit would be $300, earning you 300 entries.
If you have a direct deposit set up, your entries are automatically doubled, so in the same example, you’d earn 600 entries instead.
Please note that not all withdrawals will count against your entries. The following transactions are exempt:
- Transfers between your own Wealthsimple accounts
- Payments with your Prepaid Mastercard
- Payments to a Wealthsimple Visa card, bill payments, or Pre-Authorized Debits (PADs)
- Margin debit balance withdrawals or borrowing against a portfolio line of credit
What deposits or transfers count?
What deposits or transfers count?
All account and activity types are eligible. Here are some examples:
Deposits from outside of Wealthsimple, including:
- Direct deposits
- Linked external bank account transfers
- Interac e-Transfer®
- Wire transfers
- Linked Visa or Mastercard debit card deposits
- Physical cash deposits
- E-transfers and peer-to-peer payments received into the Entrant’s account(s)
Eligible account types for institutional transfers:
- RRSP
- Spousal RRSP
- LIRA
- TFSA
- Non-registered
- Crypto
- FHSA
- RESP
- RRIF
- LIF
- Corporate/Business accounts
What if I completed deposits or referrals before registering?
What if I completed deposits or referrals before registering?
For deposits, both initiation and completion must occur on or after July 30. If so, it will automatically count toward your entries once you register, even if it happened prior to your registration date. Any activity initiated or completed before July 30 is not eligible for this giveaway.
The same rule applies to referrals. Your entries will automatically count toward your total if:
- You must hold at least $100 CAD in net deposits at the time of the referral.
- Your friend joined Wealthsimple using your referral link
- They funded at least $100 within 30 days of joining
- Their funding completed between July 30, 2026 and August 26, 2026
You'll still earn entries even if you hadn't registered yet at the time of their funding.
Any activity completed before July 30 will not be eligible, as it predates the contest's entry window. Please note that no exceptions can be made.
Do my entries accumulate over the course of the Monthly giveaway?
Do my entries accumulate over the course of the Monthly giveaway?
Yes! Your entries will accumulate week-over-week until the million-dollar draw.
Your total entries will reset for each new Monthly Millionaire reset each month, for which you’ll automatically be enrolled and receive 500 entries.
For example, if you register and make a deposit in the first week, those entries will count towards all 5 draws in July. Your total entries will reset to 500 on July 30, the date that the August Millionaire draw begins, as long as you remain registered.
Note that these entries would be doubled to 1,000 if you have direct deposit set up.
Can I combine this giveaway with other offers?
Can I combine this giveaway with other offers?
Yes! This giveaway can be combined with any other Wealthsimple offer that’s currently in the market, unless specified in those terms and conditions.
For example, you can earn $25 for referring friends, in addition to gaining 5,000 entries per referral.