In this article:
Overview
Wealthsimple provides several ways to add money to your accounts:
- Linked bank account: Deposit and withdraw funds between a Wealthsimple account and a linked external bank account. Learn about linking your bank account.
- Interac e-Transfer®: Send a request for an e-Transfer from your Wealthsimple account to your external bank account. Find out more about funding with e-Transfer.
- Linked Visa or Mastercard debit: Instantly deposit funds with your debit card. Learn about depositing with a debit card.
- Direct deposit: Allow employers and other entities to deposit funds directly into your chequing account. See how to set up direct deposit.
- Institutional transfer: Move an investment account from another institution to Wealthsimple. Learn about transferring an investment account.
- Wire funds: Set up a wire transfer to fund your account. Get details on wiring funds.
Funding options at a glance
Here’s a quick overview of your funding options. Select a funding type to learn more:
Funding type | Fund availability | Daily limit | Applicable accounts |
Linked bank transfer | 3 to 5 business days* | $1,000,000 CAD, $1,000,000 USD | All accounts |
Interac e-Transfer | Instant | Learn about e-Transfer limits | All accounts except Registered Education Savings Plan (RESP) and corporate accounts |
Debit card | Instant | $3,500 CAD | All accounts |
Direct deposit | Instant | None | Chequing account only |
Institutional transfer | 2-4 weeks | None | Investment accounts only |
Wire transfer | Immediately (once posted to your account) | None | Review applicable accounts |
*Tip: Funds may be available sooner depending on your unique instant deposit limit.
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