In this article:
Note: This article covers cash balance transfers between Wealthsimple accounts. For information about in-kind share transfers between Wealthsimple accounts, please review this article.
Overview
You can move a cash balance between your Wealthsimple accounts quickly and easily. Before you transfer funds, please review the information below.
Before you transfer funds
- You can only transfer settled cash balances:
- New deposits take 5 business days to settle.
- Sold stocks or ETFs take 1 business day to settle.
- Review account-specific transfer restrictions.
- Check if your transfer will affect your income taxes or contribution room.
- Transfers from managed accounts take 5-7 business days because we have to sell your holdings before we can transfer the cash proceeds.
USD transfers
You can only transfer USD funds yourself between
- two USD Cash accounts
- a USD Cash account and a USD non-registered account (including joint non-registered and margin accounts)
Please contact our Client Support team for transfers between other account types.
How to transfer funds between accounts
Follow these steps to transfer funds:
- Sign in to the Wealthsimple app on your mobile device
- Select the account to transfer funds from
- Tap Move money
- Select an account to transfer funds to
- Tap Next
- Enter an amount to transfer
- Tap Next
- Confirm your transfer details and tap Submit
- Tap Done
Tip: You can also select the Move tab to transfer funds.
- Log in to your Wealthsimple account
- Select Move money on the Home page
- Choose a source account (From)
- Choose a destination account (To)
- Enter an Amount to transfer
- Select Next
- Confirm your transfer details and select Submit
Account-specific transfer restrictions
If you can’t move funds between two accounts, it may be because of an account-specific transfer restriction. Learn more about transfer restrictions for the accounts below:
- Registered Retirement Savings Plan (RRSP)
- Spousal RRSP
- Group Retirement Savings Plan (GRSP)
- Registered Retirement Income Fund (RRIF)
- Spousal RRIF
- Life Index Fund (LIF)
- Locked-In Retirement Account (LIRA)
- First Home Savings Account (FHSA)
- Registered Education Savings Plan (RESP)
- Corporate accounts
Transfer timelines
| From | To | Timeline |
| Self-directed investing & Crypto |
Managed investing, |
Instant |
| Managed investing | Self-directed investing, Managed investing, Crypto, Cash |
4 to 6 business days |
| Cash | Self-directed investing, Managed investing, Crypto, Save |
Instant |
| High-interest savings account | Self-directed investing, Managed investing, Crypto, Save |
1-3 business days |
| Save | Self-directed investing, Managed investing, Crypto, Cash |
Instant |
Note: Save accounts are no longer available to open. You can continue to use your existing Save accounts.
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