With your Cash account, you can send and receive payments to others without paying any fees.
Send money to your friends
When sending funds to your friends through Cash, you will be given the option to send from your bank or your wallet.
- Bank: Funds are taken directly from your bank account. You can send up to $250 to friends through this method.
- Wallet: Funds are taken from your available funds in your Cash account. The amount you send is limited to the balance available in your Cash account.
To send money to friends, follow these steps —
- Log in to your Wealthsimple mobile app
- Tap the Home tab at the bottom of your screen
- Tap your Cash account
- Select Send or request
- Tap Send money and select Wealthsimple Cash
- Select a contact
- Enter an amount that you wish to send and tap Next
- Add an emoticon or write a message
- Swipe up to send to your contact
Any money you send will be auto-deposited into your receiver's Cash account. If your receiver does not have the Wealthsimple app, we'll prompt them to download it to claim their funds.
Your Cash account has daily, weekly, and monthly sending limits. We won't complete any transactions that go over your sending limit.
|Per month (30 days)||$30,000.00CAD|
Remove a contact after sending them funds
It is not possible to remove a specific contact from your Wealthsimple app home screen.