Overview

Learn about the timelines for depositing funds, withdrawing funds, moving funds between Wealthsimple accounts, and transferring accounts to and from Wealthsimple.

Depositing funds

You can deposit Canadian dollars from any chequing or savings account with a Canadian bank into Wealthsimple after linking your bank account.

Timelines for when your funds are available depend on the deposit amount and the account you’re depositing into. Deposits typically take 1-5 business days to become available in your account.

Deposits are processed 4 times each day. If submitted before the cut-off times below, your deposit will begin processing the same day:

• 6:00 am
• 6:30 am
• 2:00 pm
• 6:00 pm

Learn more about specific timelines for deposits: Make a deposit into your account

Withdrawing funds

You can withdraw Canadian dollars from a Wealthsimple account to any linked Canadian bank chequing or savings account on your profile. To withdraw funds from any Wealthsimple account, the funds must have been in your account for at least 5 business days.

Withdrawal timelines depend on the account you're withdrawing from. Withdrawals are processed 2 times each day. If submitted before the cut-off times below, your withdrawal will begin processing the same day:

• 11:00 am
• 6:00 pm

Learn more about specific timelines for withdrawals: Make a withdrawal from your account

Moving funds between your Wealthsimple accounts

Timelines for moving funds between your accounts depend on several factors, including the source account and the destination account.

Learn more about how long it will take to move your funds between your accounts.

Transferring an existing account from another institution to Wealthsimple

Transferring an existing account to Wealthsimple is a technical process that typically takes 1-4 weeks. In rare cases, a transfer may take up to 6-8 weeks if your institution rejects the initial request. If this happens, our team will contact you with the next steps to get the transfer back on track.

Learn more about timelines for transferring an existing account to Wealthsimple: Transfer an account to Wealthsimple

Transfer your Wealthsimple account to another institution

Wealthsimple will process a transfer within 10 business days after receiving a completed transfer from your other institution. This does not include time in transit and processing time by the other institution, or additional processing time if your request is rejected for any reason.

Learn more about transferring your Wealthsimple account to another institution.