Overview
A wire transfer is an alternative method to add Canadian Dollar (CAD) funds or US Dollar (USD) to your accounts at Wealthsimple. After we receive your wire, there’s a 5 business day holding period before funds are available.
CAD wires
We accept first party CAD wire transfers into all accounts except crypto accounts.
CAD wires from a third party can only be accepted in an RRSP, RESP or Cash account. Learn more about third party CAD wires.
USD wires
We accept first party USD wire transfers as-is into select accounts listed below:
- Self-directed investing TFSA
- Self-directed investing RRSP
- Self-directed investing FHSA
- Self-directed investing Personal, non-registered
We can't accept USD wires into any other account type, including CAD accounts. USD wires sent to these accounts will be rejected.
USD wires from a third party can only be accepted in an RRSP account. Learn more about third party USD wires.
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 |
What you need to wire CAD funds
To learn about wiring CAD funds, please review the instructions for CAD wires.
What you need to wire USD funds
To learn about wiring USD funds, please review the instructions for USD wires.
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 CAD third party wires or USD third party wires for more details.
Once a wire is posted to your account, the funds will be available after 5 business days. View your account activities to confirm your wire was posted to your account.
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