Zero-commission trading
Buy and sell Canadian and US stocks and ETFs completely free. No hidden fees, no commissions. What big banks charge $9.95 for, Wealthsimple does for $0.
Updated September 2026
Get $25 free when
you join Wealthsimple
using a Referral Code
Canada's favourite investing app wants to give you $25 in free cash just for signing up and depositing $100. All you need is referral code _Y024Q.
Referral code
_Y024Q
How it works
Claim your $25 sign-up bonus in 5 easy steps
The whole process takes about 5–10 minutes. Here's exactly what to do to get your Wealthsimple referral bonus. Want the full walkthrough with screenshots? Read our step-by-step guide.
1
Click the invite link 🔗
Head to wealthsimple.com/invite/_Y024Q. This automatically links your new account to the referral code, so no copy-pasting needed.
2
Create your account 👤
Sign up with your email, verify your identity with a photo ID and a quick selfie. Most people finish in under 5 minutes. Open any eligible account: Self-Directed Investing, Managed, Crypto, or Chequing.
3
Enter code if prompted 🎁
Already signed up without the link? No problem. Tap the 🎁 icon on your Wealthsimple home screen and enter _Y024Q. You have 7 days after your first deposit to add it retroactively.
4
Deposit at least $100 💸
Transfer at least $100 from your external bank (RBC, TD, BMO, Scotiabank, credit union) within 30 days of signing up. Must be money from outside Wealthsimple.
Why Wealthsimple?
Everything you need to grow your money
Wealthsimple is Canada's largest online brokerage and it's not just for investing. Banking, crypto, options, mortgages, tax filing, and retirement planning all live in one beautifully designed app. See our full Wealthsimple review for the deep dive.
Managed (robo) investing
Not sure where to start? Wealthsimple Managed builds you a diversified ETF portfolio based on your risk tolerance and automatically rebalances it. Set it and forget it.
High-interest chequing
Earn a high interest rate on your everyday cash, far more than the average big bank savings account. Plus a prepaid card with no FX fees.
Fractional shares
Invest in expensive stocks like Amazon or Shopify starting at just $1. Fractional shares let you build a diversified portfolio on any budget whatsoever.
Regulated & protected
Cash is CDIC-insured up to $1,000,000 and investments are CIPF-protected up to $1M, with Wealthsimple regulated by CIRO. Ten times the $100K most big banks offer.
Free tax filing
Wealthsimple Tax lets millions of Canadians file their returns completely free. If you've only ever used Tax, you may still qualify for the referral bonus.
Commission-free options
Trade calls and puts with no per-contract commission, right inside the app, a rarity among Canadian brokers.
Low-rate mortgages
Competitive rates and a fully digital application, with preferred pricing for Premium and Generation clients.
Wealthsimple Predict
Regulated prediction markets, now live in a standalone app with around 4,000 Kalshi event contracts on economics, markets and climate.
Award-winning app
Clean, fast, and genuinely easy to use. Whether you're checking your portfolio or sending an e-transfer, the Wealthsimple app earns top marks from users across Canada.
Account types
Every Canadian account in one place
Whether you're saving for retirement, your first home, or your child's education, Wealthsimple has the right registered account for you. All of them qualify for the referral bonus.
TFSA
Grow and withdraw tax-free, anytime. Canada's most popular account for everyday wealth-building.
RRSP
Reduce your tax bill today and grow investments tax-deferred until retirement. Great for higher earners.
FHSA
First Home Savings Account. Save up to $40,000 tax-free toward your very first property.
RESP
Education savings with government grants up to $7,200 per child. Tax-sheltered growth for school.
Chequing
High-interest everyday banking where your $25 bonus lands. Spend, save, and earn interest in one place.
Crypto
Buy and sell Bitcoin, Ethereum and dozens more coins right inside the Wealthsimple app.
Non-registered
Non-registered investing with no contribution limits. Commission-free stocks & ETFs, individual or joint.
How it compares
Wealthsimple vs. the competition
For most Canadians, especially those just getting started, Wealthsimple's mix of $0 commissions, a $25 sign-up bonus, and built-in banking makes it the clear choice.
| Feature | Wealthsimple | Questrade | Big Banks |
|---|---|---|---|
| Stock trading fee | $0 | $0 | $6.95–$29 |
| Account minimum | $0 | $0 | $0–$25,000 |
| $25 sign-up bonus | ✅ Yes | ✗ No | ✗ No |
| Built-in crypto | ✅ Yes | ✗ No | ✗ No |
| Commission-free options | ✅ Yes | ✗ Per-contract fee | ✗ No |
| High-interest banking | ✅ Yes | ✗ No | 0.01–0.5% |
| Fractional shares | ✅ Yes | ✅ Yes | ✗ No |
| CDIC deposit insurance | $1,000,000 | $1,000,000 | $100,000 |
| Free tax filing | ✅ Yes | ✗ No | ✗ No |
Eligibility at a glance
Does code _Y024Q still work for you?
It comes down to one question: have you ever put money into a Wealthsimple account, and how recently? Find your situation in the table below to see whether the code is still within reach.
| Account status | Does _Y024Q work? | What to do |
|---|---|---|
| Never signed up for Wealthsimple | ✅ Yes | Sign up through the invite link and the code attaches automatically |
| Signed up, never deposited | ✅ Yes | Add the code via the 🎁 gift icon, then deposit $100+ |
| First deposit within the last 7 days | ✅ Yes | Add the code via the gift icon before the window closes |
| First deposit 8+ days ago | ❌ No | The code can no longer be applied |
| Only ever used Wealthsimple Tax | ✅ Yes | You still count as a new client, so sign up with the code |
One word worth pinning down: "funded" means cash has actually landed in an investing, Managed, Crypto, or Chequing account. Filing a return with Wealthsimple Tax doesn't count as funding, so tax-only users still qualify as new clients.
Transfer bonus
The 1% transfer match
Bring an existing RRSP, TFSA, or other account to Wealthsimple and it pays you 1% of everything you move in. The match runs separately from the $25 referral bonus, so new clients can collect both.
Here is how it works. The match is 1% of the net amount you transfer in from another institution, paid out in equal monthly instalments over 24 months. If you reach Active Trader status, which means 50 or more trades in a calendar month, the rate rises to 3%. On any transfer of $25,000 or more, Wealthsimple also refunds the transfer-out fee your old institution charges, up to $150 per account. Try the numbers below.
Wealthsimple Transfer Match Calculator
$
Minimum $25,000 to qualify, capped at $2,000,000 transferred.
Your match rate
Your transfer bonus
$250
$10.42per month, over 24 months
$275total with the $25 referral bonus
One step matters more than the rest: turn on the transfer match in the Wealthsimple app before you request the transfer from your old institution. If you move the money first, it may not qualify for the match. You activate it in the app rather than with a code, so it never gets in the way of the referral bonus. Full terms and every live offer are on our promotions page.
Good to know
Before you claim the $25, read this
The bonus is easy to get, but deposits, timing, and one withdrawal rule decide who keeps it. Here's how each piece works.
Can you add a Wealthsimple referral code after signing up?
Yes, in most cases. If your account has no deposits yet, you can add referral code _Y024Q whenever you like. If you've already made your first deposit, Wealthsimple gives you 7 days to apply the code retroactively. To add it, open the Wealthsimple mobile app, tap the 🎁 gift icon at the top of your home screen, go to the Invite friends tab, and enter the code. This only works in the app, not on the desktop site. Once the 7 days pass, the in-app option disappears. If that happens, contact Wealthsimple support, as they may still be able to apply it for you. Either way, it's best to add the code quickly if you funded your account recently. Our guide to claiming the Wealthsimple bonus has the full walkthrough with screenshots.
Is there a Wealthsimple promo code or coupon code?
No. Wealthsimple doesn't issue promo codes, coupon codes, or discount codes. Referral codes are the only codes that exist, and Y024Q pays the full $25, the maximum any valid code offers. If a site advertises an exclusive "Wealthsimple promo code" worth more, that code doesn't exist, treat the claim as false. Wealthsimple's other offers, such as the transfer match covered below, work through enrolment instead: you activate them inside the app rather than entering a code. Our Wealthsimple promotions page tracks every offer that's currently live.
Can the $25 bonus be clawed back?
Yes, if you withdraw too soon. Wealthsimple's referral terms include a 180-day rule: the bonus must stay in your Wealthsimple account for 180 days after it's applied. Withdraw before then and Wealthsimple may deduct the $25 from your final withdrawal or otherwise recover it. In practice, this only affects people who plan to collect the bonus and leave right away. Moving money between your own Wealthsimple accounts is fine, and so is normal buying and selling. If you plan to actually use the app, just keep at least $25 at Wealthsimple for six months and the bonus is yours for good.
How long does the $25 bonus take to arrive?
Expect roughly 3–4 days from sign-up to cash in hand. The bonus itself pays out quickly; almost all of the wait is your bank transfer clearing:
| Stage | Typical timing |
|---|---|
| Sign up with code _Y024Q and verify your ID | 10 minutes |
| $100 deposit settles at Wealthsimple | Up to 3 business days |
| $25 lands in your Chequing account | Usually instant, within 24 hours of settling |
If your bonus hasn't appeared after the timeline above, our how to claim guide covers common delays and their fixes.
Frequently Asked Questions
Wealthsimple Bonus FAQ
Here are the most common questions about claiming the Wealthsimple sign-up bonus. See the full FAQ page for more.
The Wealthsimple referral code for a $25 bonus in 2026 is _Y024Q. Sign up at wealthsimple.com/invite/_Y024Q or enter the code manually during registration. After depositing $100 or more from an external bank within 30 days, your $25 lands in your Chequing account within 24 hours.
Yes. You need to deposit $100 or more from an external bank account within 30 days of signing up. The money has to come from outside Wealthsimple, so moving funds between your own Wealthsimple accounts does not count. Once that deposit settles, the $25 is released.
Yes. A Wealthsimple referral rewards both sides, so you and the person whose code you used each receive $25 once your qualifying deposit settles. Using code _Y024Q works exactly the same as a friend's code, and the payout is identical either way.
Signing up through wealthsimple.com/invite/_Y024Q attaches the code automatically, so there is nothing else to type. If you register another way, you can still enter _Y024Q manually during sign-up, or add it afterward from the 🎁 gift icon in the app.
The $25 sign-up bonus is a one-time reward for new Wealthsimple clients, so you can claim it once. After that you get your own referral code and can earn another $25 for each new person who signs up and funds their account through it.
Ready to claim
your free $25?
Join over 3 million Canadians on Wealthsimple and pocket your welcome bonus while you're at it. Commission-free investing, high-interest banking, and crypto, all in one app.