Great question! There are four ways to add funds to your account:

1. Debit card: a one-time transfer of funds from your bank account to your Wealthsimple account. Please note that larger debit card payments often fail depending on your bank and so it can be more successful to send large contributions (i.e. of £5,000+) via a bank transfer.
2. Bank transfer: a one-time transfer of funds from your bank account to your Wealthsimple account which is done by logging into your online banking. You can find the relevant bank details to send your contribution to by following the steps below:
1. Login to your Wealthsimple account on a desktop computer.
2. Click on the “Funding” tab.
3. Select that you would like to make a one-off bank transfer and we will provide the relevant bank account details to send the payment to. Be sure to include your account number as this is how the funds are matched to your account!
3. Direct debit: an agreed fixed amount of money that is automatically withdrawn from your bank account and contributed to your Wealthsimple account on a regular basis (eg. every month). Direct debit payments are also covered by the direct debit guarantee!
4. Account transfer: transfer of an existing ISA or pension that you hold with another institution. You can partially or fully transfer your ISA/pension across to Wealthsimple either when you’re opening your account or after you are up and running! We do as much of the heavy lifting as we can for you to make it as straight forward as possible. If your account is over £5,000, we will gladly reimburse any transfer fees your bank may charge you. Please also note that you get £10,000 worth of investments managed for free for a year if you transfer an account over to Wealthsimple!