Great question! There are four ways to add funds to your account:
- Debit card: a one-time transfer of funds from your bank account to your Wealthsimple account.
- Direct debit: an agreed fixed amount of money that is automatically withdrawn from your bank account and contributed to your Wealthsimple account on a regular basis (eg.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).
- 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.
- Account transfer: transfer of an investment account you hold with another institution. You can either transfer your account in cash, fully or in part, or the investment assets. You can instruct this during the account opening 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.