Wealthsimple asks clients to verify bank accounts to make funds transfers to and from Wealthsimple.
There are two ways to verify your BMO chequing or savings account with Wealthsimple:
- A PDF of a full Bank Statement
- Image of a Void Cheque
Sign into your BMO Online Banking
Under the 'My Accounts' tab, click on the appropriate account (i.e., chequing or savings)
- Click 'View E-statements'
- Open the most recent statement, download it as a PDF, and upload it to your Wealthsimple account.
Note: Transit Numbers are always 5 digits long. The last digit may be omitted on your bank statement, however this digit simply represents your location:
0=BC / YT , 1= West QC, 2=ON, 3=NS, PEI, Newfoundland, 4=NB, East QC, Labrador, 6= East ON, 7=MB / NW ON, 8=SK, 9=AB / NT / NU
To upload a void cheque to Wealthsimple, please take one of your existing cheques and write VOID across the cheque. Next, scan the cheque to your computer (or take a photo of it) and upload it to your Wealthsimple account.