Q. Which account will the bonus be paid out to?
If you have more than one account with Wealthsimple, we will prioritize paying the $500 USD cash bonus into the following accounts:
- Smart Savings
- Personal (Including Joint & Trust)
- IRA (Traditional, Roth, SEP)
- Note: A cash bonus applied to an IRA will not count towards your annual contribution limit but will be subject to tax upon withdrawal because it is considered earnings.