Add or remove a bank account

In this article, you will learn about the following: 

  • Linking a chequing or savings bank account and why it's necessary before making a deposit into your Wealthsimple account
  • Bank accounts that cannot be linked
  • How linking your bank account to Wealthsimple requires signing in through Flinks or Plaid
  • That if your institution is not supported by Flinks or Plaid, you may need to use a different funding method. Other funding methods include INTERAC e-transfer, VISA or Mastercard debit, and direct deposit
  • That corporate accounts require manual linking with specific information and document upload
  • How to remove bank accounts from your profile

You’ll need to link a chequing or savings bank account 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 cannot 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) 

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 Flinx or Plaid. Instead, consider using a different method to fund your account.

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. Choose Accounts
  4. Scroll down and tap Linked bank accounts
  5. Select Add an account
  6. Choose Sign in to your bank
  7. Find your institution, and follow the prompts on-screen to finish linking the account

Stocks, ETFs & Crypto

  1. Head to my.wealthsimple.com and sign into your Stocks, ETFs & Crypto profile
  2. Select the Move funds tab
  3. Choose Add a bank account from the drop-down menu
  4. Find your institution, and follow the prompts on-screen to finish linking the account

Managed Investment & Save

  1. Head to my.wealthsimple.com and sign into your Managed Investment & Save profile
  2. Select your name in the top right-hand corner
  3. Choose Settings from the drop-down menu
  4. Navigate to the Banks & Apps tab
  5. Under Bank accounts, you will see the option to Add a bank account
  6. Find your institution, and follow the prompts on-screen to finish linking the account

If you do not 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: Manually linked bank accounts will only be available for withdrawals. To make new deposits, you must link a bank account through Plaid or Flinks. 

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. 

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. Choose Accounts
  4. Scroll down and tap Linked bank accounts
  5. Select the bank account you wish to remove
  6. Tap Unlink
  1. Head to my.wealthsimple.com and sign into your Managed Investment & Save profile
  2. Select your name in the top right-hand corner
  3. Choose Settings from the drop-down menu
  4. Navigate to the Banks & Apps tab
  5. Here, you will see your linked bank accounts and the option to Remove account

Removing your bank account is not available on your Stocks, ETFs & Crypto web account.

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Link a bank account to Wealthsimple

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