Wealthsimple Cash account is a hybrid account for saving and spending. You earn 2.4% interest and there are no account fees! You can learn more about the saving benefits here.
The spending features will be rolled out over the coming months. Currently, we don't have specific timelines we can share - but we'll be sure to send out updates as features become available! Please also note that this is all of the information readily available.
Here is what's coming:
- Direct deposits
- Bill payments
- ATM withdrawals (from machines that accept VISA)
- Pre-authorized deposits
- Wealthsimple Cash Card
Physical checks are not a feature we’re currently planning to offer. Each month you’ll get a limited number of free e-transfers and ATM withdrawals in Canada (ATM withdrawal fees will not be covered abroad).