There are 3 easy ways to fund your Wealthsimple account:
- Transfering from a checking account (Electronic funds transfer - EFT): a one-time transfer of funds from your bank account to your Wealthsimple account. Once initiated, we will pull the requested amount for your bank account on file and will deposit it into the specified Wealthsimple account. Detailed Instructions
- Automatic recurring deposits: a certain amount of money is automatically withdrawn from your chequing account and contributed to your Wealthsimple account on a regular basis. The timeframe is up to you and we can help you set up weekly, bi-weekly, or monthly contributions. Detailed Instructions
- Transferring an existing investment account: first, make sure you have the specific account type (IRA, Roth IRA, etc.) open with Wealthsimple. Then you can transfer an existing account from another institution to Wealthsimple. Detailed Instructions
- Rollover an employer-sponsored plan: You can rollover 401ks and similar employer-sponsored accounts directly into a Wealthsimple IRA account so long as your employer is no longer making contributions to the plan. Detailed Instructions
Click the links above for a step-by-step guide on how to complete your transaction. If you have any questions or need help funding your Wealthsimple account, please reach out by submitting a request.