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Overview
You can edit, pause, reactivate, or cancel a recurring investment in the Wealthsimple app or on web.
You can only manage basket recurring investments and plans that invest from your pay in the Wealthsimple app.
To edit, pause, or cancel your next recurring investment, make your changes by the day before it runs. Otherwise, your changes might not take effect until the investment after that.
Pause or cancel a recurring investment
Follow these steps to pause or cancel a recurring investment:
- Log in to the Wealthsimple app
- Tap Move (two arrows icon) at the bottom of your screen
- Scroll down and tap Recurring investments under Automations
- Select the recurring investment
- Tap Pause or Cancel recurring investment
- Follow the prompts to confirm your changes
- Log in to your Wealthsimple profile
- Select Move (two arrows icon) from the left-side menu
- Under Automations, select Recurring investments
- Find the recurring investment and select its More options menu (three dots icon)
- Select Pause or Cancel
- Follow the prompts to confirm your changes
Edit a recurring investment
You can change your recurring investment's amount, frequency, next order date, funding source, and backup funding source. You can't change the account it invests in. For RESPs, you can't change the funding source or add a backup funding source.
- Log in to the Wealthsimple app
- Tap Move (two arrows icon) at the bottom of your screen
- Scroll down and tap Recurring investments under Automations
- Select the recurring investment
- Choose the detail you want to change. Your backup funding source appears as Backup payment method, and the earliest next order date you can choose is tomorrow
- Make your change, then tap Save
- Log in to your Wealthsimple profile
- Select Move (two arrows icon) from the left-side menu
- Under Automations, select Recurring investments
- Select the recurring investment to open Edit recurring investment
- Make your changes. The next order date appears as Start date, and your backup funding source appears as Secondary funding source
- Select Review, then select Save changes
You can only change the currency (CAD or USD) of a recurring investment for a US stock or ETF in the Wealthsimple app. See Choosing CAD or USD for US stocks and ETFs.
Reactivate a paused recurring investment
To turn a paused recurring investment back on:
- Log in to the Wealthsimple app
- Tap Move (two arrows icon) at the bottom of your screen
- Scroll down and tap Recurring investments under Automations
- Select the recurring investment
- Tap Reactivate on its details screen, where Pause was
- Log in to your Wealthsimple profile
- Select Move (two arrows icon) from the left-side menu
- Under Automations, select Recurring investments
- Find the recurring investment and select its More options menu (three dots icon)
- Select Reactivate
You can edit it first, for example, to change the amount.
Frequently asked questions
Why was my recurring investment paused?
We pause a recurring investment automatically if it can't run as set up. This can happen if, for example, the amount is outside the $1–$50,000 range. If you close the account, we delete its recurring investments instead, and they don't come back if you reopen it. If a buy doesn't go through because there isn't enough money, we don't pause your recurring investment. We don't send a notification when we pause a recurring investment.
When you reactivate it, we run the same checks. If the cause is still there, you'll see an error, and it stays paused. If you're not sure why we paused yours, contact our support team.
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