You can transfer money to Wealthsimple using three methods. Once received, we will invest your money and have your portfolio visible online within 48 hours. From the time you initiate the money transfer to your money being invested it takes at most 5 business days.
Please note that within each of your accounts, we will maintain up to 0.5% of your account's value in cash in order to cover fees. As soon as the cash balance surpasses this 0.5% weighting (whether it be through a new deposit, internal transfer, or dividend distributions) the majority of cash in your account will be invested - usually bringing the cash weighting to around 0.1% or 0.2%.