A wire transfer is an alternative method to add funds to your Wealthsimple account. Unlike a standard deposit, a wire transfer allows you to move CAD or USD from a Canadian or US institution to Wealthsimple.

Note: We cannot receive wire transfers from institutions outside of Canada or the United States.

Set up a wire in US dollars (USD)

If you wire USD to Wealthsimple, note that all of your USD will be converted to Canadian dollars as soon as the funds enter your Wealthsimple account. Since our portfolios are comprised of both USD and CAD ETF's, some of your funds will then be converted back to USD to purchase the USD ETF's.

There is 0.2% currency conversion fee in cases where we need to buy or sell US dollars in your account. This covers the price our brokerage has to pay in order to exchange currency. This is 10 times cheaper than the 2% most banks charge to exchange currency.

Step 1: You will need to initiate the wire transfer by contacting your bank and providing them with the following details —

Our Back Office:
Canadian ShareOwner Investments, Inc.
241 Spadina Avenue, 3rd Floor, Toronto, ON M5T 2E2

Beneficiary Bank:
TD Canada Trust
55 King Street West, Toronto, ON M5K 1A2

Beneficiary Account: 7338474
Beneficiary Name: Canadian ShareOwner
Beneficiary Transit: 10202
Bank Code: 0004
TD SWIFT Code: TDOMCATTTOR
International Sort Code: //CC000410202

Step 2: Please contact our support team with the following information —

• Your name
• The institution or source that the funds are coming from
• The account you'd like the funds posted to
• The date this request was submitted
• The sending account type (For example, a checking, savings or investment account)
• The reason for wiring USD to Wealthsimple (For example, is this part of a compensation program with an employer, the sale of a property, an inheritance, etc)

We will also need a copy of the wire transfer receipt uploaded to your profile via the "My Documents" page when signed in through your web browser.

More details

• Wire transfers typically take five business days to complete.
• Wealthsimple will reimburse wire transfer fees for transfers greater than $25,000 USD.

Set up a wire in Canadian dollars (CAD)

Funds coming from a Canadian bank account in CAD can be processed through a deposit much more easily, faster, and cheaper than via wire. However, if you wish to wire CAD to Wealthsimple, please see below —

Step 1: You will need to initiate the wire transfer by contacting your bank and providing them with the following details —

Our Back Office:
Canadian ShareOwner Investments, Inc.
241 Spadina Avenue, 3rd Floor Toronto, ON M5T 2E2

Beneficiary Bank:
TD Canada Trust
55 King Street West, Toronto, ON M5K 1A2

Beneficiary Account: 0464258
Beneficiary Name: Canadian ShareOwner
Beneficiary Transit: 10202
Bank Code: 0004
TD SWIFT Code: TDOMCATTTOR

Step 2: Please contact our support team with the following information —

• Your name
• The institution the funds are coming from
• The account you'd like the funds posted to
• The date this request was submitted.

We will also need a copy of the wire transfer receipt uploaded to your profile via the "My Documents" page when signed in through your web browser.

More details

• Wire transfers typically take five business days to complete.

If your wire transfer is coming from a TD bank account

If you are initiating a wire transfer from a TD bank account, you may need to alter the instructions to an inter-branch wire transfer.