Does Wealthsimple charge a fee for taking money out of my account?

At Wealthsimple we don't believe in transfer fees. We don't charge anything on top of our management fee. We don't charge anything for withdrawals, transfer outs, or leaving your account open with a zero balance.

Please note that if you are looking to make a transfer to Wealthsimple, we will happily reimburse transfer fees on any investment transfer greater than £5,000. When the transfer is completed, please send a digital copy of your statement showing your transfer fees to support@wealthsimple.com.

Note: Wealthsimple will not reimburse exit charges on your existing product that might be applied by your existing provider if you move, or trading fees on sale of assets. Some wealth managers charge hefty exit fees if you move your portfolio. You should check this before you move. We don't charge exit fees because we think if you move your money away from us you should be able to without a penalty.