Tuesday, January 12, 2021

Wealthsimple Cash Introduction

 

Wealthsimple Cash is one of the Wealthsimple products. You can use it to split takeout or rent, send a friend cash for a coffee, or request money instantly. With Wealthsimple Cash there are no monthly account fee, no foreign transaction fee and no low balance fees.

Wealthsimple Cash product is offered by Wealthsimple Payments Inc., a FINTRAC and Autorité des marchés financiers registered money services business. Money in the Cash account is held in trust at a CDIC member institution. So, all balance in your Weathsimple Cash account are eligible for protection from the CDIC. Currently, Wealthsimple Cash provides 0.75% interest (interest rates are per annum, calculated daily, and paid monthly). Rates can change at any time without notice.

Wealthsimple Cash is in beta test now, which allows user to send and request money (you can add personalized messages too).

There will be more new features coming. If you are interested, you can see this page: https://help.wealthsimple.com/hc/en-ca/articles/360056545414

I like the upcoming Wealthsimple Cash Card feature. It is a Visa prepaid card. you can make every day purchases with the Wealthsimple Cash card — just add it to Apple and Google Pay. 

Wealthsimple Cash has a referral program. If you are interested in Wealthsimple Cash, please send us your cellphone number (canadianrewards@gmail.com), and we can send you the invitation via a message. When you sign up for Wealthsimple Cash, you can get $5 bonus. Thanks. Please read the terms & conditions about this referral program: https://help.wealthsimple.com/hc/en-ca/articles/360056586494-What-s-the-give-5-get-5-referral-bonus-