I had a Wealthsimple Save account, do I have a Wealthsimple Cash now?
Yes, Wealthsimple Cash is replacing Wealthsimple Save. It’s an all-in-one saving and spending account, which means you get all the benefits of Wealthsimple Save, with even higher interest and features to make spending simple, too.
Starting January 21, when you log in to your account, your account name will be updated to Wealthsimple Cash, and you’ll automatically start earning 0.9% interest. Aside from that, you still get all the features you already know and love. There are still no account fees or minimums. And you can still make unlimited free transfers and withdrawals.
Plus, you’ll automatically be one of the first in line to get the spending features of Wealthsimple Cash as they become available in the coming months. You can learn more about everything we have in store by reading our Magazine article.
I'm not interested in the spending features of Cash, can I opt out?
You will automatically get access to all of the spending features of Wealthsimple Cash. However, you never have to use any features that you’re not interested in.
Once the Wealthsimple Cash cards are available, we’ll reach out to see if you’re interested and you’ll have the option to opt in. And if not, that’s okay too! You can still take advantage of tons of the benefits of Wealthsimple Cash without the card.
I had multiple Wealthsimple Save accounts? Will I have multiple Wealthsimple Cash accounts?
Yes, for now your Wealthsimple Save accounts will simply become Wealthsimple Cash accounts. You’ll see multiple Cash accounts when you log in to Wealthsimple. In the future, we’re looking to further simplify your Cash accounts so you only have to segment money and set goals within one Cash account!
I have an auto-deposit set up to my Wealthsimple Save account, will that stay the same?
Yes, any recurring deposits that you have set up will stay the same. If you want to add or change any existing auto-deposits you can find more information here.
What about Roundup and Overflow?
Yes! If you have Roundup or Overflow set up, it will carry over to your new Wealthsimple Cash account.
I have a Smart Savings account, will I automatically get Wealthsimple Cash, too?
No, only clients with the latest version of our savings product, Wealthsimple Save, will automatically be upgraded to Wealthsimple Cash. If you are a Smart Savings user, you’re welcome to open a new Wealthsimple Cash account at any time.