In this article:
Overview
If you're transferring an account with USD cash or dual-listed securities, review the information below.
Note: We don't currently support USD accounts for spousal RRSPs, RRIFs, and LIFs, and currency conversion fees apply.
Transfers with USD cash
After your institutional transfer is complete, we'll automatically deposit USD assets and cash in your USD account if you have one open.
If you don’t have a USD account, we'll automatically deposit your USD assets and cash into your CAD account. We convert USD cash into CAD upon receipt and charge a 0.4% conversion fee.
Note: If you're a premium or generation client, you can opt-in to USD accounts for free. If you're a Core tier client, you can subscribe to USD accounts for a monthly fee of $10.
Transfers with dual-listed securities
Wealthsimple doesn’t support dual-listed securities. We’ll prioritize the denomination (US or Canadian) depending on which one was listed first:
- Canadian: If the security was listed on a Canadian exchange before or at the same time as on a US exchange, Wealthsimple will prioritize the Canadian option.
- US: If the security was listed on a US exchange before being listed on a Canadian exchange, Wealthsimple will support the US option.
To check if we support a specific asset, search for its name or symbol in your Wealthsimple mobile app or website.
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