Wealthsimple Kids & Teens Account Referral Promotion

Overview

If you’re 13 or older and have a kids and teens account, you can earn $10 for every friend you refer. Your friend gets $10 too. The bonus goes straight into each of your kids and teens accounts.

Who can refer

You can refer friends if you:

• Are 13 or older and under the age of majority where you live
• Live in Canada, outside Quebec
• Have an open kids and teens account in good standing
• Have your parent’s or guardian’s permission

Who can be referred

Your friend needs to be 13 or older, under the age of majority where they live, and live in Canada outside Quebec. They also can’t have had a kids and teens account before. To open one for them, their parent or guardian needs their own Wealthsimple chequing account.

How it works

Share your referral code from the Wealthsimple app. Your friend’s parent or guardian then opens a kids and teens account for them and sets up their teen login. From that point, your friend has 7 days to enter your code in their own teen login.

Your bonus

You and your friend each get a one-time $10 bonus, usually within 7 days of a successful referral. Neither of you needs to make a deposit or keep a minimum balance. There’s no limit on how many friends you can refer.

Note: This promotion is only for teens referring other teens. Adults can’t refer teens, and teens can’t refer adults. kids under 13 can’t take part.

Frequently asked questions

Terms & Conditions

This Promotion is sponsored by Wealthsimple Technologies Inc. (“Wealthsimple”).

Promotion Period. Beginning November 11, 2026 at 12:01AM ET (the “Promotion Period”).

Key Terms. In these terms: a “kids & teens account” means a Wealthsimple kids & teens chequing account, which the Parent holds in trust for the Teen; a “Parent” means the parent or legal guardian who opens and holds a kids & teens account; and a “teen” means the child the kids & teens Account is for.

Eligibility of the Referrer. To be eligible to refer a friend and get a Referral Bonus (as defined below), the Teen must, at the time of the referral and when the Referral Bonus is paid:

• be at least thirteen (13) years old, and under the age of majority in their province or territory of residence;
• be a legal resident of Canada (excluding Quebec);
• have an existing Wealthsimple kids & teens account, that is open and in good standing;
• have their Parent’s permission to take part in the Promotion; and,
• meet the requirements set out below.

(the “Referrer”).

Eligibility for Referee. To be eligible as a referee, the referred Teen must:

• be at least thirteen (13) years old, and under the age of majority in their province or territory of residence;
• be a legal resident of Canada (excluding Quebec);
• not have had a kids & teens account before, and not have been referred under this Promotion before;
• meet the requirements for opening a kids & teens account;
• have a Parent who has, or opens, their own Wealthsimple chequing account, and who opens a kids & teens account for them and sets up their Teen login; and
• meet the referral requirements set out below

(the “Referee”). The Referrer and the Referee are each referred to as a “Participant” in these terms and conditions.

teens Only. This Promotion is only for teens referring other teens. Adults cannot refer teens, and teens cannot refer adults. Children under thirteen (13) cannot take part.

Parents. Each Participant’s Parent is responsible for the Participant’s kids & teens account and for making sure the Participant follows these terms. A Parent who lets their Teen take part agrees to these terms for themselves and for their Teen.

How to Refer a Friend. A referral counts (a “Qualifying Referral”) when all of these steps happen:

1. The Referrer shares their referral code from the Wealthsimple app with a friend (each, a “Referral Code”).
2. The friend’s Parent opens a kids & teens account for the friend and sets up the friend’s Teen login. To open a kids & teens account, the Parent must have their own open Wealthsimple chequing account and have verified their identity. If the Parent doesn’t have a Wealthsimple chequing account yet, they will need to open one first.
3. The friend enters the Referral Code in their own Teen login within seven (7) days after their Teen login is set up. Parents cannot enter the Referral Code for their Teen.

The message the Referrer shares from the app may include a link to Wealthsimple’s kids & teens webpage. That link is for information only. The friend still needs to enter the Referral Code to complete a Qualifying Referral.

Permitted Referrals. Referrals are for friends and family only. A Referrer may only share their referral link or code with people they know personally and have had direct, voluntary, two-way communications with. Referral links and codes must not be sent in bulk, sent to strangers or purchased contact lists, promoted through paid advertising (except as permitted under a separate written agreement with Wealthsimple), or presented as coming from Wealthsimple. By sharing a referral link or code, the Referrer confirms they have followed these rules. Wealthsimple may remove any Referrer who does not follow these rules from the Promotion and withhold or take back any Referral Bonus.

There are no fees associated with the creation of a kids & teens account. A Parent can open a kids & teens Account in the Wealthsimple app or on Wealthsimple’s website.

Referral Bonus. For each Qualifying Referral, the Referrer and the Referee will each get a one-time bonus of ten dollars ($10) (each a “Referral Bonus”). Wealthsimple pays each Referral Bonus into the Teen’s own kids & teens account. No deposit or minimum balance is needed to get a Referral Bonus.

When the Referral Bonus is Paid. Wealthsimple will add each Referral Bonus to the Teen’s kids & teens Account within seven (7) days after the Qualifying Referral is completed. If it does not open in time, the Referrer will not get that Referral Bonus.

Limits. Each Referee can only be referred once and can only get one (1) Referral Bonus as a Referee. There is no limit on how many friends a Referrer can refer. All of a Parent’s teens together can get a maximum of three (3) Referral Bonuses as Referees, ever. Brothers and sisters can refer each other, but those referrals count toward the three (3) Referral Bonus limit.

In order to receive a Referral Bonus, the Teen must have a kids & teens account that is in good standing. 

Any Referral Bonus that cannot be paid into a kids & teens account will expire and will be lost. Wealthsimple will not reissue a lost Referral Bonus.

All other terms and conditions of the kids & teens account apply. The Referral Bonus cannot be applied retroactively and is subject to change, at Wealthsimple’s sole discretion.

Hold Period. If a kids & teens account is closed within ninety (90) days after a Referral Bonus is paid, Wealthsimple may take back the Referral Bonus.

If Wealthsimple suspects fraud, or that someone is trying to cheat the Promotion, Wealthsimple may remove the Participant from this Promotion and take any other action it thinks is appropriate, including taking back any Referral Bonus or closing a kids & teens account. Wealthsimple may also pause Referral Bonus payments at any time, or add new requirements for future referrals.

Parent Controls. Referrals are turned on by default. A Parent can turn off referrals for their Teen at any time in the Wealthsimple app. When referrals are turned off, the Teen cannot refer friends or enter a Referral Code.

Tax Implications. There may be tax implications for bonuses like the Referral Bonus. Parents should talk to an accountant or tax professional if they have questions. Wealthsimple will not be issuing a tax slip for Referral Bonuses paid under this Promotion. Parents and Participants are responsible for any required tax reporting

Combinability. This Promotion cannot be combined with other offers or promotion codes, unless the terms of the other offer say it can. For the avoidance of doubt, this Promotion does not affect a Parent’s ability to use an adult referral code for their own Wealthsimple accounts under the Wealthsimple Referral Promotion.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Collection and Use of Personal Information. By taking part in this Promotion, Participants and their Parents understand and agree that Wealthsimple will collect and use their personal information (including any Parent information a Referee provides) for the purpose of running this Promotion and in accordance with Wealthsimple’s Privacy Policy, available here. The Referrer will only see the Referee’s first name and whether a Referral Bonus was paid, and will not see any information about the Referee’s account.

Any questions regarding Wealthsimple’s Privacy Policy or treatment of your personal information should be directed to Wealthsimple’s Privacy Officer at privacy@wealthsimple.com or 400-80 Spadina Avenue, Toronto, ON, M5V 2J4.

Wealthsimple does not knowingly collect personal information from children under the age of thirteen (13) for this Promotion. If Wealthsimple learns that it has, it will delete that information and the child will not be eligible.

Release. By participating in the Promotion, the Participant and their Parent  assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion. Without limiting the foregoing, the Participant and their Parent hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) in any way arising directly or indirectly out of any injury, loss, or damage that the Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of the Referrer Cash Bonus in their Wealthsimple account and subsequent use of the Referrer Cash Bonus; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Participant’s and/or their Parent’s own negligence or willful misconduct during or in connection with their participation in the Promotion.

Referral Arrangement Disclosure. During the Promotion, Participants are effectively entering into a referral arrangement with Wealthsimple, whereby Wealthsimple will pay a Referral Bonus into a kids & teens account in accordance with these terms and conditions.  The names of each party entering this arrangement are disclosed on the application at the time of the referral. We have adopted policies and procedures to assist us to identify and control any conflict of interest that we may face. If a referral is made to a registrant, all activity requiring registration resulting from the referral arrangement will be provided.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple’s sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, taking back a Referral Bonus or closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Promotion does not provide assurance that a person will be accepted as a customer of Wealthsimple. Opening a kids & teens account is subject to Wealthsimple’s standard account opening requirements and approval. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this Promotion.

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Wealthsimple kids and teens Chequing Accounts are offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc. (“WSP”), a Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”) registered money services business. WSP is a payment service provider registered with the Bank of Canada under the Retail Payments Activities Act. Registration with the Bank of Canada does not imply endorsement of WSP by the Bank of Canada. WSP has appointed WSII as its agent to perform certain payment activities offered through the kids and teens chequing account(s). The funds you add to a kids and teens chequing account (the “Funds”) are ultimately held securely in trust. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds.