Overview

Wealthsimple provides several ways to add money to your accounts:

• From a linked bank account
• With Interac e-Transfer®
• With a linked Visa or Mastercard debit 
• Through a Direct deposit
• By transferring an investment account from another institution
• By wiring funds to your Wealthsimple account

Funding options at a glance

Here’s a quick overview of your funding options:

Funding type	Fund availability	Daily limit	Applicable accounts
Bank transfer	3 to 5 business days*	$1,000,000 CAD, $1,000,000 USD	All accounts
Interac e-Transfer	Instant	$3,000 CAD	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
CAD wire transfer (first-party)	Immediately (once posted to your account)	None	All accounts except Crypto
CAD wire transfer (third-party)	Immediately (once posted to your account)	None	Registered Retirement Savings Plan (RRSP) Registered Education Savings Plan (RESP) Non-registered Chequing
USD wire transfer (first-party)	Immediately (once posted to your account)	None	USD savings, or One of the following (you must have USD accounts enabled): Tax-Free Savings Account (TFSA) First Home Savings Account (FHSA) Individual RESP RRSP Spousal RRSP Corporate Non-registered
USD wire transfer (third-party)	Immediately (once posted to your account)	None	USD savings, or One of the following (you must have USD accounts enabled): RRSP Individual RESP Corporate Non-registered

Using a linked bank account

You can fund your accounts by linking one or multiple bank accounts in your name to your Wealthsimple profile. After you connect your bank account(s), you can deposit money into your Wealthsimple accounts and withdraw money from your Wealthsimple accounts.

Using Interac e-Transfer

You can also fund your Wealthsimple accounts by requesting an e-Transfer from your bank account. After you make a request, Interac will email you with instructions to set up the e-Transfer to your Wealthsimple account through your online banking portal.

You can make an unlimited number of requests, but keep in mind that the financial institution that you're sending the funds from might have different e-Transfer limits.

Using a linked Visa or Mastercard debit

Another way to add funds to your Wealthsimple account is by using a Visa or Mastercard debit card. This works similarly to making online purchases.

The funds are added directly to your account, and they can be internally transferred or withdrawn immediately.

Using direct deposit

Direct deposit is a safe and convenient way to receive payments electronically. You can have your paycheques deposited directly into your chequing account. You can earn a 0.5% interest rate boost if you meet certain conditions.

Transferring an account from another institution

Another way to fund your accounts at Wealthsimple is to request an institutional account transfer. This means moving an investment account you have at another financial institution to Wealthsimple.

Transfers of at least $25,000 are eligible for a transfer-out fee reimbursement. Conditions apply. Learn more about our transfer fee reimbursement policy.

Wiring funds to your Wealthsimple account

You can wire CAD or USD funds to your Wealthsimple account. Learn more about wiring funds to your Wealthsimple account.