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.
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.
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
First party USD wires going into any other account types will be automatically converted into CAD.
USD wires from a third party can only be accepted in an RRSP or RESP 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. If additional verification is required by your bank, your transfer could take up to 5 business days to process.
If the wire is processed successfully, you can expect your account balance to update within 5 business days. Once the wire is posted to your account, the activity will be available in your next monthly statement.
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