Net deposits are calculated as the sum of all deposits, contributions, and institutional transfers to your Wealthsimple accounts, less withdrawals and institutional transfer outs.
The easiest way to see if you have reached Wealthsimple Black status is to sign in to your Wealthsimple profile (via a web browser) and navigate to the 'Upgrade' tab in the top right. There you can see how far you are from achieving Wealthsimple Black status or if you have already achieved it! You should also receive a welcome email outlining your Wealthsimple Black status within a week of depositing over $100,000.
Please note that while the net deposits calculation is cumulative across your Wealthsimple accounts, you should only include 'Net Deposits' for Wealthsimple accounts that you are the sole owner of and the accounts you are the primary owner of. For more information on how net deposits are attributed in co-owned accounts see our FAQ here.