The Wealthsimple Cash 1% cash back promotional offer (the “Offer”) is valid for new and existing users of the Wealthsimple Cash Visa Prepaid Card (Cash Card) (“Cash Card”). The 1% earn rate, which may be subject to change, applies to all transactions, less refunds and excluding cash-like transactions, any applicable fees and adjustments (“Qualified Spend”).
You can also choose to earn stock or Crypto back instead.
View your earned cash back
If you wish to view where you received cash back, you can do so from your profile.
- Log in to your Cash mobile app
- Select your Wallet balance amount at the top left-hand corner of your screen
- You will be brought to your recent transactions
- Under a transaction that earned cash back, you will see the note Cash back earned
- Tap on the transaction and you will see its details, including the amount you received for that transaction in cash back
Earn stock or Crypto back
Instead of earning cash back to your Cash account, you can choose to put your rewards directly into either your Trade or Crypto account. Doing so means that your cash back rewards are deposited into one of your accounts on the Trade platform.
- Log into your Cash mobile app
- Select the Card icon in the top right-hand corner
- Choose the Rewards menu item
- Select either Stock rewards or Crypto rewards
- Choose the account you wish your rewards to go to (if applicable)
- Your cash back will now go towards either stock or crypto rewards
Terms and Conditions
Cash back credits are earned on net purchases only and pay out will occur within 7 business days after the Qualified Spend transaction.
Wealthsimple Payments Inc. (“Wealthsimple”) reserves the right to amend, withdraw or restrict the Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the calculation of Qualifying Spend, and any other issue arising in connection with the Offer. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the applicable Wealthsimple Cash account and take any other action it deems appropriate including, but not limited to, closing the applicable Wealthsimple Cash account. An invitation to participate in this Offer does not provide assurance that the referred customer will be accepted as a customer of Wealthsimple. This offer is only valid for individuals in Canada that otherwise meet Wealthsimple’s eligibility requirements. Wealthsimple’s standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and any agreements that apply to the Wealthsimple Cash account each apply and are not affected in any way by this Offer.
The Wealthsimple Visa Prepaid Card (Cash Card) is issued by People's Trust Company pursuant to license by Visa Int. All terms applicable to the Cash Card and all applicable fees and transaction limits with respect to the Cash Card and the services may be found in the Wealthsimple Cash Visa® Prepaid Card Cardholder Agreement between you and Peoples Trust Company. All trademarks belong to their respective owners and do not necessarily denote a direct relationship or endorsement of this Offer or Wealthsimple.
Our Cash product is offered by Wealthsimple Payments Inc., a FINTRAC registered money services business. The funds you add to the Cash Account Funds are held securely in our omnibus custodial account with Canadian Western Trust Company, a federal trust company regulated by the Office of the Superintendent of Financial Institutions under the Trust and Loan Companies Act. All cash balances from your Wealthsimple Cash account are held in trust at a Canada Deposit Insurance Corporation (CDIC) (https://www.cdic.ca/about-us/) member institution. CDIC insures eligible cash balances payable in Canada up to $100,000 per client per member institution within each insured category. Protection eligibility is free and automatic with your Wealthsimple Cash account. Learn more (https://www.cdic.ca/your-coverage/how-deposit-insurance-works/deposits-held-in-trust/) about how CDIC protection works.