How long does it take to move money between my Wealthsimple accounts?

• If you’re moving money from Wealthsimple Save to a Wealthsimple Invest account, it will take up to 3 days to complete your request.
• If you’re moving money from a Wealthsimple Invest account to a Wealthsimple Save account or another Invest account, it will take up to 3 business days to trade your portfolio. Your funds will be moved within 7 business days.
• If you'd like to move funds from Wealthsimple Invest to Wealthsimple Trade, take a look at our guide to transferring a Wealthsimple Invest account into Wealthsimple Trade.
• Transfers between eligible Wealthsimple Trade and Crypto accounts will take up to 3 days. 

How long does it take to withdraw money from my Wealthsimple accounts?

• Wealthsimple Invest
  Withdrawing from Wealthsimple Invest will take up to 7 business days. It takes 3 business days to liquidate funds in your account, 2 business days for a required settlement period, and 1-2 business days to move the money to your bank account. During this time, the value of your account may change.
  
  
• Wealthsimple Trade
  Withdrawing from Wealthsimple Trade will take 1-2 business days. However, in some cases it may take up to 5 business days.
  
  
• Wealthsimple Crypto
  Withdrawing from Wealthsimple Crypto will take 2-3 business days. However, in some cases it may take up to 5 business days. 
  
  
• Wealthsimple Save
  Withdrawing from Wealthsimple Save will take 2-3 business days. However, in some cases, it may take up to 5 business days.
  
  
• Wealthsimple Cash
  Withdrawing from Wealthsimple Cash will take 1-2 business days. However, in some cases it may take up to 5 business days.

How long does it take for new deposits to settle or get invested?

• Wealthsimple Invest 
  When you make a new deposit to your Wealthsimple Invest account, it will appear in 1 business day. We will invest the funds within 3 days of your deposit being processed, and the funds will settle in 5 business days. Please note, this process can be delayed if we need you to verify your identity in order to finish your account opening.
  
  
• Wealthsimple Trade 
  You can deposit up to $250 instantly into your Wealthsimple Trade account every 3 business days. You can use your instant deposit limit all at once as a single deposit, or spread it out over multiple deposits within the 3 day period.
  
  If you go over your instant deposit limit or make a single deposit greater than $250, your deposit will need 3 business days to settle before you can trade. If you deposit $50,000 or more, your funds will be available within 5 business days.
  
  
• Wealthsimple Crypto 
  You can deposit up to $250 instantly into your Wealthsimple Crypto account every 3 business days. You can use your instant deposit limit all at once as a single deposit, or spread it out over multiple deposits within the 3 day period.
  
  If you go over your instant deposit limit or make a single deposit greater than $250, your deposit will need 5 business days to settle before you can trade.
  
  
• Wealthsimple Save 
  When you make a new deposit to your Wealthsimple Save account, it will appear in 1 business day. The deposit will take 5 business days to settle.
  
  
• Wealthsimple Cash
  Deposits into your account take 1 business day to settle. If you deposit $50,000 or more, your funds will be available within 5 business days.

How long does it take to change a risk score in my Invest account?

When you make a risk score change, you will see your new risk score reflected in your account right away. However, it will take up to 3 business days to trade your portfolio to reflect the new risk score — and during this time the value of your account may change.

Some risk score changes require approval from a member of our portfolio management team. For example, if you’re significantly increasing the risk you’re taking by going from a Conservative to a Growth portfolio.

In these cases, a member of our team will approve your request or reach out within 1 business day if they need more information. When the request is approved, it will take 3 business days to trade your portfolio to reflect the new risk score (during this time the value of your account may change).

How long will it take to transfer an existing investment account to Wealthsimple from another institution?

It usually takes 1-4 weeks to transfer an existing investment account to Wealthsimple.

In rare cases, a transfer may take up to 6-8 weeks if the relinquishing institution rejects the transfer request. If that happens, our team will reach out and provide next steps on how you can get the transfer back on track.

How long will it take to transfer my Wealthsimple account to another institution?

First of all, we’re sorry to see you go! But if you do transfer your account out of Wealthsimple, we do our very best to make it as smooth as possible. It takes 10 business days for us to process a transfer once we receive a completed transfer form your other institution. This doesn't include time in transit and processing time by the other institution, or additional processing time if your request is rejected for any reason.

More timelines you may find helpful