How do I set up a regular investment plan?

Under a Regular Investment plan, a amount of money that you confirmed is automatically and regularly withdrawn from your current account and contributed to your Wealthsimple account by direct debit. The timeframe is up to you and we can help you set up weekly, fortnightly, or monthly contributions. There are no fees for this.

Simply put, it's a great way to build wealth by setting aside a portion of your pay cheque. A Regular Investment plan will automatically invest your money at regular intervals and this will provide great long-term benefits as your returns compound. We believe in a proven piece of financial advice: "Invest early, invest often."

The other great thing about investing this way is that it steadily drips your funds into the market and avoids the dilemma of trying to time the market, "should I do it now or wait?". Better to invest steadily and often than try to pick the perfect time (which no one manages to do consistently - the greatest investment managers included).

How do I set one up?

    • Login to your Wealthsimple account
    • Click the 'Add funds' button
    • Select the account you'd like to fund
    • Select the frequency of payment as 'Recurring' and the Payment Method 'Direct Debit'
    • Enter the amount
    • Schedule the frequency of the Regular Investment
    • Chooser a date to begin - this is customisable!
    • Complete the Direct Debit mandate with your bank details, and you're done!

You can change your plan at any time by going to the Funding page (by clicking on “Funding” or even “Add Funds”) and simply cancel your existing instructions there. You can then set up a new one if you wanted to change the amount.

If you have any questions about setting up or changing your plan, please get in touch at or 0800 808 5653

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