Close an account

In this article:

Overview

You can close an individual account on your Wealthsimple profile as long as your account meets certain conditions. Select which account type you'd like to close below for instructions:

To close your entire Wealthsimple profile, please follow these steps instead.

Close an investment account

If you no longer need one of your investment accounts, you can close it directly through your Wealthsimple profile. Investment accounts include managed, self-directed investing, and savings accounts.

Before closing an account, make sure to do the following:

Once your account balance is $0, you can close your investing account on either the app or web:

Wealthsimple app Web
  1. Log in to the Wealthsimple app
  2. Scroll down and tap the investing account you wish to close
  3. Tap the Settings (gear) icon at the top-right corner of the screen
  4. Scroll down and tap Close account
  5. Review the conditions to close the account
  6. Confirm by tapping Close account
  1. Log in to your Wealthsimple profile
  2. Scroll down and select the investing account you wish to close
  3. Select the Settings (gear) icon near the top-right corner of the screen
  4. Select Close account
  5. Review the conditions to close the account
  6. Confirm by selecting Close account
Note: If your account was not fully opened or if you never funded your account, you'll need to reach out to our support team to have it closed for you.

Close a chequing account

You can close a chequing account on the app or web, regardless of whether you have one or multiple chequing accounts.

Tip: If your account is funded, please withdraw your funds before requesting your account to be closed. We'll only be able to close your account once all funds have been withdrawn from your account.

If you wish to close a chequing account, follow these steps:

Wealthsimple app Web
  1. Log in to the Wealthsimple app
  2. Scroll down and tap the chequing account you wish to close
  3. Tap the Settings (gear) icon at the top-right corner of the screen
  4. Scroll down and tap Close account
  5. Review the conditions to close the account
  6. Confirm by tapping Close account
  1. Log in to your Wealthsimple profile
  2. Scroll down and select the chequing account you wish to close
  3. Select the Settings (gear) icon near the top-right corner of the screen
  4. Select Close account
  5. Review the conditions to close the account
  6. Confirm by selecting Close account
Note: You'll only be paid interest on a chequing account if you keep it open through the end of the month. If you close the account before then, you'll lose any interest you've earned.

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Closing an account

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