Make a deposit into Invest

A deposit is the fastest way to add funds to your Wealthsimple Invest account.

Note: On Invest, there is a daily deposit limit of $1.5 million CAD. You can deposit up to $1 million CAD per deposit.

Once you've linked your bank account, you can make a deposit in Canadian dollars from any chequing or savings account with a Canadian bank.

Web Mobile app
  1. Log into my.wealthsimple.com and sign in to your Invest & Save profile
  2. Click Move funds from the top menu bar
  3. Select the bank account you would like to transfer funds From
  4. Select the Wealthsimple account you would like to transfer funds To
  5. Enter the Amount you'd like to transfer
  6. Schedule the frequency of the deposit (if this is a one-time contribution select Just this once)
  7. Choose a Transfer date for the transaction
  8. Click Submit deposit
  9. Review and Confirm this deposit
  1. Sign in to the Invest mobile app
  2. Tap Move funds on the bottom right
  3. Select the Add or move funds
  4. Choose a One-time or Automated deposit
  5. Enter the amount you'd like to deposit to your Wealthsimple account
  6. Select the Wealthsimple account you would to transfer funds To
  7. Select the account you would like to transfer funds From
  8. Review deposit and Submit
Note: All deposits take five business days to settle. You won't be able to withdraw a recent deposit until the end of this settlement period.

Frequently asked questions

Can I deposit USD into my Wealthsimple account?
You can't deposit USD into your Wealthsimple account, although you can set up a wire transfer from a USD account to Wealthsimple. Once your funds come to Wealthsimple, we will convert them into Canadian dollars. Currency conversion fees will apply.

How long after I made a deposit do my funds get invested?
We will invest your funds within three business days.

Why isn't all of my cash being invested?

Within each of your accounts, we will maintain between 0.3% and 0.5% of your account's value in cash. As soon as the cash balance surpasses this 0.5% weighting (whether it be through a new deposit, internal transfer, or dividend distributions) the majority of cash in your account will be invested, bringing the cash weighting to around 0.1-0.2%.

This small buffer is used for operational purposes to cover fees for up to 2 months and to avoid delinquencies. The decision to hold up to 0.5% in cash has a negligible effect on the portfolio, which is why virtually all institutions choose to leave a small buffer in cash.

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