Automatic deposit requests are sent to your bank as early as 12:00 am on the day your recurring deposit is scheduled for. This means that if the recurring deposit is canceled on the day a payment is supposed to be processed, the cycle's payment may still be processed.
If funds you did not intend to deposit have been transferred to your Wealthsimple account, you can Withdraw these funds back to your bank on the Withdrawals Page.
Please note that it will take up to 7 business days for a Withdrawal to arrive back in your account due to regulatory settlement period require the deposits and the sale of assets. Your bank can also reverse the original deposit during this 7 day settlement period. Funds often get pulled back when there isn't enough money to cover the deposit in the original account.