Eligible wire transfer methods
Review the table below to learn what types of wires we accept:
| Location of originating financial institution | First party wire (from a bank in your name) | Third party wire (from an entity other than yourself) |
|---|---|---|
| Canada | Yes | Yes |
| United States | No | No |
| International | No | No |
What you need to wire CAD funds
To wire funds, you'll need:
Step 1: Find your Wealthsimple account number
To find your Wealthsimple account number:
- Open your Wealthsimple app on your mobile device
- Tap the Profile icon in the top right corner
- Tap the Settings (gear) icon
- Select Accounts
- Choose the account you want to fund
- The account number is at the top of the screen
- Tap the square icon on the right to copy and paste your number
You must include this account number in the Beneficiary account field of the wire transfer request or your wire could be delayed or returned.
- If you're submitting a wire transfer from a bank account in your name, continue to step 2.
- If you're receiving a wire from a third party, continue to the instructions below.
Third party wires
We can only process wires from a third party entity for the following account types: Cash, RRSP, and RESP. If a wire from a third party is sent to any other account types, the wire will be returned and fees will apply.
Before you send a wire, you must provide some information about the third party entity through a Docusign form in your Wealthsimple account or the wire could be delayed or returned.
Follow the instructions below to continue:
Complete and download the Docusign form
You must complete the Docusign form associated with the desired account type before the wire is sent:
Please include as much information as possible. For example, if the wire is a gift, please include the context of the gift (e.g. “birthday gift”). Wire processing may be delayed or rejected if the form lacks information and we might reach out for more details.
If you expect to receive recurring wires from your employer, please select Employment as the reason for deposit. You won’t have to complete a new form for these incoming wires.
If you expect to receive recurring wires for any other reason, you must complete a new third party Docusign form for each wire.
Note: You must submit a new Docusign form for recurring third party wire into an RESP account.
Upload the Docusign form and supporting documents to your Wealthsimple account
You can upload your completed Docusign form and any receipts or supporting documents related to your wire to your Wealthsimple profile. Follow the instructions below on your desktop or mobile internet browser:
- Complete and download the applicable Docusign form
- Log into your Wealthsimple account
- Select the Profile icon on the top right
- Select Documents from the dropdown menu
- Select the upload icon on the right
- Follow the prompts to upload the Docusign form you’ve just completed
- Continue to step 2 to set up a wire transfer
Step 2: Set up a wire transfer
You can call your bank or visit a local bank branch and share the information below to set up a wire transfer. Or, if you're receiving a wire from a third party, share the information below with the sender.
Copy and paste the information, print this page, or take a screenshot of this page so you have it ready when you contact your bank.
Wealthsimple's beneficiary details
Please ensure these details are correct. Otherwise, the wire could be delayed/returned. If a wire is returned to your bank, a $25 non-refundable fee is deducted from the balance.
You must provide all of the details below to the bank teller processing the CAD wire:
Routing code/Bank ID: 070300001
Beneficiary bank: Wealthsimple Investments Inc.
Bank Address: 201 - 80 Spadina Ave, Toronto, Ontario, Canada M5V 2J4
Beneficiary account name: Your full name.
Beneficiary address: The address you have on file with Wealthsimple.
Beneficiary account number: Your Wealthsimple account number (starts with a W or H).
Institution number: 703
Transit/branch number: 00001
Amount: The CAD amount you want to wire.
Memo: Your Wealthsimple account number (starts with a W or H) and the reason for sending the wire.
Transfer timeline
Most wire transfers take up to 3 business days to process after the wire has been received. If additional verification is required by your bank, your transfer could take up to 5 business days to process.
If the wire is processed successfully, you can expect your account balance to update within 5 business days. Once the wire is posted to your account, the activity will be available in your next monthly statement.
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