In this article:
Overview
There may be a problem linking your bank account to Wealthsimple if you linked an account, initiated a deposit, and the deposit hasn't shown up in your account within 5 business days.
Please check the email linked to your Wealthsimple account for instructions from us. We may need you to upload specific documents to verify your bank account before you can initiate a deposit.
Common bank linking issues
Review the common issues below and how to resolve them:
- Your name doesn't match both accounts
- You linked the wrong account type
- We don't support your bank yet
1. Your name doesn't match both accounts
The name on the bank account must match the name on your Wealthsimple profile. To fix this:
- If you made an error with your legal name or if you recently changed your legal name, please contact our support team.
- If the account isn't yours, remove it and add an account in your name.
2. You linked the wrong account type
We only support linking chequing and savings accounts. To fix this:
- Remove the unsupported account and link a chequing or savings account.
We don't support these types of bank accounts:
- Corporate or business accounts*
- Investment accounts (like Tax Free Savings Accounts)
- Line of credit or credit card accounts
- External crypto wallets
*You can only link a corporate bank if you have a Wealthsimple Corporate account.
3. We don't support your bank yet
To link your bank account, tap + Link an account and search for your bank, then select it from the list. Learn more about linking your bank account.
If we don't support your bank, please check out different ways you can fund your Wealthsimple account.
Frequently asked questions
Why can't I link my BMO account to Wealthsimple?
If your BMO account has a $0 balance, you must transfer money into the account before you can successfully link it to Wealthsimple.
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