Overview

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

• trade immediately in self-directed investing and Crypto accounts, and
• send, spend, and transfer immediately with your chequing account. 

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 days for your instant deposit to settle before you can initiate a withdrawal or transfer the funds to another Wealthsimple account.

Instant deposit limits vary from person to person. Find your unique instant deposit limit.

How to find your instant deposit limit

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

1. Log in to your Wealthsimple mobile app
2. From the Home tab, tap your desired account
3. Tap Add money
4. Choose a funding source and tap Next
5. Under the amount to fund, you'll see the amount you're eligible to deposit instantly

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:

• Troubleshoot a negative chequing balance in your chequing account
• Troubleshoot a negative chequing balance in your trading account