Learn about withdrawing funds from your account

In this article:

Overview

You can withdraw money from the available balance in your Wealthsimple account at any time.

Self-directed investing accounts: Your available balance includes unused cash from your deposits, dividends you've earned, and any settled proceeds from sold assets.

Managed accounts: Your available balance includes 99.5% of the funds in your account. The remaining 0.5% is held for any funds needed for upcoming fees.

Why is my available balance less than my total account balance?

Your available balance may be lower due to:

  • Recent deposits (less than 5 days) that need to clear before they become available.
  • Unsettled proceeds from recently sold assets. Proceeds from a sale must settle for 1 business day before they become available.
  • Funds that are reserved for transfers or fees.

Make a withdrawal

If you're withdrawing from a non-registered account (including Crypto, Cash, and Business accounts), follow these steps.

If you're withdrawing from a registered account, review the article(s) below:

Note: You can't typically withdraw from a LIRA. You can make an early withdrawal under specific circumstances that the jurisdiction of your LIRA determines. Please contact our Client Support team if you're eligible to make an early withdrawal. 

Withdrawal timelines

Account type Withdrawal timeline
Managed by Wealthsimple 4 to 6 business days
Stock investing* 1 to 3 business days
Crypto investing* 1 to 3 business days
Cash account 1 to 3 business days
*Note: Withdrawals may take up to 5 business days in some cases.

Managed account withdrawal process

Withdrawing funds from a managed account can take up to 4-6 business days to complete. Review the timeline below:

Days 1 to 3
We sell investments in your account to generate cash for your withdrawal. The value of your account may change as the value of your investments could increase or decrease before they're sold.

Days 4
We hold your funds for a 1 day settlement period. This is a requirement from the Canadian government and is a mandatory step for all financial institutions.

Days 5 to 6
We send the funds to your bank, and they deposit them into your bank account.

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Withdraw from your account

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