In this article:
Note: This article covers cash balance transfers between Wealthsimple accounts. For information about holdings 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
- In any chequing account, you can immediately internally transfer funds from a recent instant deposit up to your instant deposit limit.
- In other accounts, 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.
How to transfer funds between accounts
Follow these steps to transfer funds:
- Log in to the Wealthsimple app
- Select the account to transfer funds from
- Tap Transfer money
- Select an account to transfer funds to
- Tap Next
- Enter an amount to transfer
- Tap Next
- Confirm your transfer details and tap Submit
Tip: You can also select the Move (arrows) tab to transfer funds.
- Log in to your Wealthsimple account
- Select Transfer 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:
Transfer timelines
Transfer timelines vary depending on the type of account you're transferring from and the account you're transferring to. Review the table below for more details:
| From | To | Timeline |
|---|---|---|
| Self-directed investing & Crypto | Managed investing, Crypto, Chequing account, Save |
Instant |
| Managed investing | Self-directed investing, Managed investing, Crypto, Chequing account |
4 to 6 business days |
| Chequing account | Self-directed investing, Managed investing, Crypto, Save |
Instant |
| Registered Savings account | Self-directed investing, Managed investing, Crypto, Save |
1-3 business days |
Frequently asked questions
Can I transfer USD funds?
You can only transfer USD funds yourself between
- two USD savings accounts
- a USD saving account and a USD non-registered account (including joint non-registered and margin accounts)
- a USD savings account or USD non-registered account and a USD Corporate account
- a USD savings account or USD non-registered account to a USD registered account (including TFSA, RRSP, FHSA and RESP).
Please contact our support team for transfers between other account types.
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