Add or remove a bank account

In this article: 

Overview

You’ll need to link a chequing or savings bank account held with a Canadian institution before you can make a deposit into your account. To do this, we'll use one of our trusted partners, Flinks or Plaid to securely request your online banking information.

Note: You can't link the following bank accounts to your Wealthsimple profile:
  • Corporate or business accounts (unless it is being used to fund a managed corporate account)
  • Investment accounts (e.g. TFSAs, RRSPs)
  • Line of credit or credit card accounts
  • External crypto wallets (however you can deposit some coins or tokens from an external wallet)
  • Accounts you do not own (i.e. you cannot link a family member's bank account unless your name is also listed as an owner) 

If you don't want to link your bank account using Flinks or Plaid

If you don't want to link your bank account through Flinks or Plaid, you can use a different method to fund your account. Other funding methods include:

Note: If your bank account was manually linked with the help of our Client Support team, it will only be available for withdrawals. To make new deposits, you must link a bank account through Plaid or Flinks.

Link your bank account

When linking your bank account, we will ask you to sign in to your bank via one of our trusted partners, Flinks or Plaid. Flinks and Plaid are both secure services that verify your bank account information. 

If you do not see your institution when attempting to link your bank account, it may not be supported by Flinks or Plaid. Instead, consider using a different method to fund your account.

Note: You must have an active USD account subscription to link a USD bank account held with a Canadian institution. Learn more about linking USD accounts. 
Wealthsimple app  Web
  1. Sign in to the Wealthsimple app on your mobile device
  2. Tap the Profile icon at the top-right corner
  3. Tap the Settings (gear) icon
  4. Choose Accounts
  5. Scroll down and tap Linked accounts
  6. Tap + Add an account
  7. Choose Sign in to your bank
  8. Find your institution, and follow the prompts on-screen to finish linking the account
  1. Log in to your Wealthsimple account
  2. Select Move from the top menu
  3. Choose Link new account
  4. Select Add new account
  5. Follow the prompts on-screen to finish linking the account

Troubleshoot linking your bank account

If you’re having trouble linking your bank account, please try our troubleshooting tips.

Tip: If you’re experiencing issues with a bank account you already linked, try removing the account and relinking it by following the steps above.

Link a corporate account

If you have opened a Business account with Wealthsimple, you must also manually link a corporate bank account to fund your Business account. You will need the following information before you can manually link your account:

  • Institution Number (3 digits)
  • Transit Number (5 digits)
  • Account Number (7-11 digits)

You’ll also need to upload a specific digital bank document with your corporation's name, full account number, and institution logo. We’ll ask you to upload a document based on your bank. We are unable to accept any other document than the one requested. 

Link a USD bank account

USD bank accounts can only be linked with an active USD account subscription. Premium and Generation clients can opt-in and upgrade to a USD Account for free.

To opt-in to USD accounts, check out this article.

Note: Deposits must come from a Canadian financial institution. We don't support connecting US dollar accounts from US financial institutions

USD bank accounts can only be linked via one of our trusted partners, Flinks or Plaid. Flinks and Plaid are both secure services that verify your bank account information. We’re not able to manually link USD bank accounts at this time.

Remove a bank account

You can remove a bank account from your profile by following the steps below —

Wealthsimple app Web
  1. Sign in to the Wealthsimple app on your mobile device
  2. Tap the Profile icon at the top-right of the screen
  3. Tap the Settings (gear) icon
  4. Choose Accounts
  5. Scroll down and tap Linked accounts
  6. Select the bank account you wish to remove
  7. Tap Unlink
  1. Log in to your Wealthsimple account
  2. Select your Profile in the top right corner
  3. Choose Settings from the menu
  4. Select the Linked accounts tab
  5. Here, you will see your linked bank accounts and the option to Unlink account

Removing your bank account is not available on your Self-directed investing web account.

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Link a bank account to Wealthsimple

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