Finding your instant deposit limit

In this article:

Overview

Instant deposits allow you to use your funds immediately. You can use instant deposits to:

  • Trade immediately in Trade and Crypto accounts.
  • Send, spend, withdraw and transfer immediately with your chequing account (including Business chequing accounts).

You can deposit your entire limit all at once or spread it out across multiple deposits. Your instant deposit limit resets every 3 business days.

You must wait 5 business days for your instant deposit to settle before you can initiate a withdrawal or transfer the funds to a linked external bank account.

Note: For Chequing accounts, you can instantly withdraw amounts deposited within your instant deposit limit.

Instant deposit limits vary from person to person. Eligibility and limits are calculated based on client behaviour (such as deposit history) and AUM at Wealthsimple. Find your unique instant deposit limit.

Note: Cheque deposits from institutional transfers or third-party contributions aren't available for instant deposit. Funds become available for trading 5 business days after a cheque deposit.

How to find your instant deposit limit using a linked bank account

Follow these steps to find your instant deposit limit in the Wealthsimple app:

  1. Log in to your Wealthsimple app
  2. Tap your desired account
  3. Tap Add money
  4. Choose a linked bank account as the funding source
  5. Tap Next
  6. Under the amount to fund, you'll see the amount you're eligible to deposit instantly
Note: Each account owner of a joint account can instantly fund the account with their instant limit. Instant deposits initiated by one owner don't affect the instant limit of the second owner.

How to find your instant deposit limit when depositing cheques

Follow these steps to find your instant deposit limit in the Wealthsimple app:

  1. Log in to your Wealthsimple app
  2. Tab the Move Tab
  3. Tap Deposit Cheque
  4. Take photos of the front and back of your cheque
  5. Upload the photos
  6. Select the destination chequing account. You will be able to see your instant deposit limit on this page.

Negative chequing balances

If there aren't enough funds in your originating bank account to cover the deposit and you have spent or traded the funds, your account may have a negative chequing balance.

Select an article below to learn how to resolve a negative chequing balance:

Note: If any of your accounts have a negative balance, you can't use instant deposits until the balance is positive again.

Frequently asked questions

How do instant deposits work on my Business chequing account?

When you make a deposit into your Business chequing account, a portion of those funds may be made available to you instantly, before the deposit fully settles. The amount made available depends on your account profile. Not all deposits qualify. If your deposit doesn't qualify, your funds will be available on the standard settlement timeline.

Is my instant deposit limit shared with my other businesses?

Yes. Your instant deposit limit is separate from your personal chequing account limit, but it’s shared across all businesses you own with Wealthsimple. Depositing into one business account will reduce the remaining limit available for your other business accounts.

How can I improve my instant money limit?

Having a strong deposit history without rejected or NSF deposits, particularly in managed or self-directed investing accounts, can help increase your limit.

Why did my instant money limit decrease?

Withdrawing funds or a decline in account value will typically decrease your limit.

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