Updated on Sep 25, 2025: As of October 1, 2025, there will be a few changes on Wealthsimple Chequing Account and Wealthsimple prepaid Mastercard
- Wealthsimple will be retiring the 1% cash back reward of Wealthsimple prepaid Mastercard. You can continue to earn cash back up until October 1, 2025 and a final payout will be made on November 1, 2025.
- You can now transfer funds in 10+ currencies (including USD, EUR, INR, GBP and even more on the way) right from the app — with low, transparent fees using mid-market exchange rates.
- You now have access to more shipping options of bank drafts and can also send them directly to a specific recipient or third party, rather than just to your home address.
- Eligible clients can send up to $25K per day with Interac e-Transfer®, and you can now manage your sending limits in-app
- Starting October 1, Wealthsimple will reimburse all ATM fees when you use your Wealthsimple prepaid Mastercard, almost anywhere in the world. No more $5 cap, and no limits at all.
Updated on Sep 20, 2025: On September 17, 2025, the Bank of Canada and the Federal Reserve both lowered their benchmark interest rates by 0.25%. Therefore, starting on Monday, September 22, the interest rates across several of Wealthsimple accounts are changing.
Wealthsimple Chequing Account 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 Chequing Account there are no monthly account fee and no low balance fees. If you want to sign up and fund a new Wealthsimple Chequing account, please use our referral code: (you can email us for the referral code: canadianrewards@gmail.com), thanks. You will earn $25 bonus from Wealthsimple. And you will have your own referral code after registration.
