With Wealthsimple Cash there are no monthly account fees or low balance fees and when the spending features are released, there will be no exchange fees on foreign currency transactions. That’s because we believe your money should stay in your pocket.

When you use your card for spending features, like tapping your card to buy your morning coffee, we get a split of the interchange between our service providers and the program managers. Interchange is a fee companies like (Visa, Mastercard, AMEX, etc) charges merchants for processing the payment via their platform. Some of this interchange is passed on to our service providers for Cash and we get a small slice of it.