Terms & Conditions

Wealthsimple $0 Wires and $0 Bank Draft Orders Promotion (the "Promotion")

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates  "Wealthsimple"). 

Promotion Period. From June 11, 2025 at 12:01AM ET to August 31, 2025 at 11:59PM ET (the "Promotion Period").

Eligibility. To be eligible for the Promotion, the person must, at the time of participation:

• be new or existing Wealthsimple account (the "Wealthsimple Account") user, with all other Wealthsimple accounts in good standing;
• be a legal resident of Canada;
• be the age of majority, or older, in their province/territory of residence; and
• meet the requirements set out below.

(the "Client").

Qualifying Action. Clients who send an outgoing wire or bank draft order from their Wealthsimple Account with this functionality during the Promotion Period will not be charged fees associated with outgoing wires or bank drafts by Wealthsimple. Outside of the Promotion Period, each outgoing wire and bank draft order will be charged at their ordinary respective rates, and all other applicable fees apply. For more information regarding sending bank drafts and wire transfers from your Wealthsimple Account, see https://help.wealthsimple.com/hc/en-ca/articles/34840483290139-Order-a-bank-draft-with-your-chequing-account-beta and https://help.wealthsimple.com/hc/en-ca/articles/37721419687963-Wire-funds-from-your-Wealthsimple-account.

There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on transferring an account to Wealthsimple can be found at https://wsim.co/transfer-account. 

Combinability. Unless specified in the terms of other promotions, this Promotion can be combined with other offers or promotion codes.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple's sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this offer.

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Our chequing product is offered by Wealthsimple Investments Inc. ("WSII"), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business. The funds added to chequing account(s) (the "Funds") are ultimately held securely in trust in the name of the primary account holder with a single or multiple members of the Canada Deposit Insurance Corporation ("CDIC"). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution's failure. Wealthsimple Payments Inc. and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. Funds must be spread across at least 10 CDIC member institutions in order for up to $1,000,000 in deposits to benefit from applicable CDIC coverage. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the account.

Self-directed Investing is offered by WSII. WSII is a member of the Canadian Investment Regulatory Organization. Customer accounts held at WSII are protected by Canadian Investor Protection Fund ("CIPF") within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.