Overview

If you're transferring an account with USD cash or dual-listed securities, review the information below.

Transfers with USD cash

After your institutional transfer is complete, we'll automatically deposit USD assets and cash into your designated Wealthsimple account. We deposit USD cash as-is and won’t convert it to CAD.

If you haven’t opted into or subscribed to USD accounts:

• You’ll incur FX fees when you use USD funds for trading.
• Your available to trade balance includes your USD funds. To access these funds, you can:
  • Convert the funds to CAD,
  • Transfer the balance to a USD savings account, or
  • Withdraw the funds from Wealthsimple.

When you move your TD Direct Investing accounts, both your CAD and USD accounts move together, and your USD funds stay in USD.

Transfers with dual-listed securities

Wealthsimple supports dual-listed securities. If the security is held as CAD at your originating firm, we'll accept it as CAD. If the security is held as USD at your originating firm, we'll accept it as USD.

To check if we support a specific asset, search for its name or symbol in the Wealthsimple app or on the web.