Overview

You'll reach Premium status if you have at least $100,000 in net deposits or assets — whichever is higher. You must have $100,000 in net deposits or assets at all times to maintain Premium status. 

As a Premium client, your status may change if your net deposits and total assets with Wealthsimple fall and stay below the $100,000 threshold.

Before we downgrade your status, we'll give you a grace period so you can top-up your account and continue to take advantage of your existing Premium status benefits.

We'll notify you by email and push notification when you enter the grace period. If you can't maintain your Premium status within the grace period, we'll downgrade you to our Core tier.

If you enter the top-up grace period

If you fall below the $100,000 threshold and want to maintain your Premium status, you must top-up your account before your grace period ends.

To view the date you must top-up your account by:

If you're downgraded to the Core status

If you don't top-up your account to the $100,000 threshold for the Premium tier by the end of your grace period, we'll downgrade you to the Core tier. As a result, you'll lose access to the Premium tier benefits and savings.

Complimentary USD accounts

To continue using your USD accounts, you need to subscribe to our USD subscription plan for $10 CAD per month. We'll prompt you to update your USD accounts payment method or ensure there are enough funds in your available to trade balance to cover the payment.

If you prefer not to proceed with USD accounts, you can cancel the subscription by following these instructions.

Private Credit and Private Equity accounts

We won’t make any immediate changes to your holdings across your Private Credit and Private Equity accounts. As long as your financial circumstances haven't changes, you'll be able to maintain your holdings in Wealthsimple’s alternative investment funds.

Other fee savings and benefits

Compare all perks and fee savings for the Premium and Core tiers.   

How to regain Premium status

You'll reach the Premium tier again when your net deposits or your assets meet the $100,000 threshold (whichever is higher)

Track your progress to reach the Premium tier

You can view your progress bar by following these steps:

1. Log in to your Wealthsimple mobile app
2. Tap the Profile icon at the top-right of the screen
3. At the top of your profile, tap the progress bar
4. Here, you will see how close you are to reaching Premium status