You can transfer a cash balance of any amount between your Wealthsimple Trade accounts. It typically takes 3 business days for the transfer to complete.
If your funds are already invested in a stock, ETF, or cryptocurrency, you'll need to sell your holdings before you can transfer the cash to a different account. After selling a security, it takes 2 business days for the cash to settle in your account before you can transfer the funds.
Transfer funds between your Wealthsimple Trade accounts
- Sign into the Trade app on your mobile device
- Tap the Profile icon on the top left corner of the screen
- Select the Funding menu item
- Select Transfer funds
- Choose an account to transfer from and tap Continue
- Choose an account to transfer into and tap Continue
- Enter an amount to transfer and tap Continue
- Review the transfer details and tap Submit
- Don’t forget to check if your transfer will affect your income taxes or contribution room for registered accounts.
- New deposits take 5 business days to clear before you can transfer the funds to a different account.
- We do not currently support cash transfers from RRSPs into other Wealthsimple Trade accounts.
Note: If you'd like to move funds from Wealthsimple Invest to Wealthsimple Trade, take a look at our guide to transferring a Wealthsimple Invest account into Wealthsimple Trade.