Eligible wire transfer methods
Review the table below to learn what types of wires we accept:
| Location of originating financial institution | First party wire (from a bank in your name) | Third party wire (from an entity other than yourself) |
|---|---|---|
| Canada | Yes | Yes |
| United States | No | No |
| International | No | No |
Transfers that don't meet these requirements will be returned to your bank, and a non-refundable fee will be deducted from the balance.
Before you send a USD wire transfer
Please consider the following before you send a wire transfer:
- You must upgrade to USD accounts before you can wire USD funds to your Wealthsimple account.
- Banks typically charge around $15 to receive and process a wire transfer which we can't reimburse.
- We won't charge you any fees when we receive your wire successfully.
- You can't send wires to our partner, TD, anymore. You must use the coordinates below to send wires.
- If you’re sending a wire transfer to yourself, continue to set up a wire transfer.
- If you're receiving a wire from a third party, you must submit additional information before you initiate a wire transfer.
Set up a wire transfer
You can get the details required to set up a wire transfer in the Wealthsimple mobile app. If you don’t use the mobile app, you can refer to Wealthsimple's beneficiary details.
When you have your details, you can call your bank or visit a local bank branch and share the information to set up a wire transfer. Or, if you're receiving a wire from a third party, share the information with the sender.
Get your wire transfer details
To get your wire transfer details:
- Sign into your Wealthsimple app on your mobile device
- Tap the Move tab
- Tap Wire funds
- Select an account to wire funds to
- Tap Next
- Review the transfer requirements and tap I understand
- View your wire transfer details
Wealthsimple's beneficiary details
You must provide all of the details below to the bank teller processing the USD wire:
Routing code/Bank ID: 070300001
Beneficiary bank: Wealthsimple Investments Inc.
Bank Address: 201 - 80 Spadina Ave, Toronto, Ontario, Canada M5V 2J4
Beneficiary account name: Your full name.
Beneficiary address: The address you have on file with Wealthsimple.
Beneficiary account number: Your Wealthsimple account number (starts with a W or H).
Institution number: 703
Transit/branch number: 00001
Amount: The USD amount you want to wire.
Memo: Your reason for sending the wire.
If your bank asks for a SWIFT code
A SWIFT code isn't necessary for domestic USD wire transfers. You should only need a routing code or bank ID (noted above). If the institution insists on a SWIFT code, you can use ROYCCAT2. Please also include the routing code 070300001 in the memo field to ensure the wire transfer goes through successfully.
Third party wires
We can only process USD wires from a third party entity for the following account types: RRSP and RESP. If a wire from a third party is sent to any other account types, the wire will be returned and fees will apply.
USD third party wires cannot be accepted into Cash at the moment.
You must provide some information about the third party entity through a Docusign form in your Wealthsimple account or the wire could be delayed or returned. Follow the instructions below to continue.
Complete and download the Docusign form
You must complete the Docusign form associated with the desired account type before the wire is sent:
Please include as much information as possible. For example, if the wire is a gift, please include the context of the gift (e.g. “birthday gift”).
If we don't receive a valid form, we will contact you for more details. If you don't respond with a valid form within 7 business days, we'll reject your wire transfer.
If you expect to receive recurring wires from your employer, please select Employment as the reason for deposit. You won’t have to complete a new form for these incoming wires.
If you expect to receive recurring wires for any other reason, you must complete a new third party Docusign form for each wire.
Note: You must submit a new Docusign form for recurring third party wire into an RESP account.
Upload the Docusign form and supporting documents to your Wealthsimple account
You can upload your completed Docusign form to your Wealthsimple profile. Follow the instructions below on your desktop or mobile internet browser:
- Complete and download the applicable Docusign form
- Log into your Wealthsimple account
- Select the Profile icon on the top right
- Select Documents from the dropdown menu
- Select the upload icon on the right
- Follow the prompts to upload the Docusign form you’ve just completed
- Continue to set up a wire transfer
Transfer timeline
Most wire transfers take up to 3 business days to process after the wire has been received. Third party wires may take longer to process. Learn more about third party wires for more details.
Once a wire is posted to your account, the funds will be available after 5 business days. You view your account activities to confirm your wire was posted to your account.
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