How to claim $25 Wealthsimple bonus
It takes about 5–10 minutes from start to finish. Follow these five steps with referral code _Y024Q and the cash lands in your account within a day of your deposit clearing.
Click the invite link 🔗
Open wealthsimple.com/invite/_Y024Q on your phone or computer. The link pre-attaches the referral code to your new account, so you never have to type it in. This is the most reliable way to make sure the bonus registers.
Add the code if you skipped the link 🎁
Already signed up without the link? Open the Wealthsimple app, tap the 🎁 gift icon in the top right to open the Rewards Centre, go to Invite friends, then Enter referral code and type _Y024Q. You can add it any time before funding, or up to 7 days after your first deposit. Quick tell: if the "Enter referral code" option isn't showing, a code is already attached to your account.
Deposit at least $100 💸
Move at least $100 of new money from outside Wealthsimple into your account within 30 days. Three things count: a deposit from an external Canadian bank (RBC, TD, BMO, Scotiabank, CIBC, or a credit union), a transfer in from another investment institution, or a crypto transfer from an external wallet. Internal transfers between your own Wealthsimple accounts don't count.
The 30-day clock starts when the referral code attaches to your account, which is the moment you sign up through the link, not the day you first opened any Wealthsimple product.
Collect your $25 🥳
Your $25 cash bonus is deposited into your Wealthsimple Chequing account within 24 hours of your deposit settling. It goes to Chequing on purpose, so it never touches your TFSA or RRSP contribution room. You do need a Chequing account open to receive it, so if you didn't open one during sign-up, add it then. It's free and takes a couple of minutes.
What you'll need before you start
- A valid Canadian government photo ID, driver's licence, passport, or provincial ID.
- Your SIN, required to open any registered or investment account in Canada.
- An external bank account, to make your qualifying $100+ deposit.
- About 10 minutes, most of it is just the identity check.
How long until the $25 arrives?
The bonus itself is paid within 24 hours of your deposit settling. The catch is that bank transfers from an external institution take 2–3 business days to clear. So the realistic timeline from start to cash-in-hand is usually 3–4 business days. Don't wait until day 29 of your 30-day window to deposit, start the transfer early so it settles in time.
Tip: a small instant-funded deposit (if your bank supports it) can shorten the wait, but a normal EFT bank transfer works perfectly fine for the $100 minimum.
Forgot to use the code? Here's the fix
This is the single most common mistake. If you created your account without the invite link, you are not out of luck. As long as it's within 7 days of your first deposit, open the app, tap the 🎁 gift icon to open the Rewards Centre, go to Invite friends, and type _Y024Q. The bonus will be honoured. After that 7-day window closes, the in-app option goes away, but it's worth contacting Wealthsimple support, as they may still be able to apply the code for you.
Ready to grab your $25? It only takes a few minutes.
Sign up with code _Y024QWho is eligible for the bonus?
You qualify if you're a brand-new Wealthsimple client, someone who has never opened or funded a Self-Directed Investing, Managed, Crypto, or Chequing account before. You must be a Canadian resident and the age of majority in your province. Importantly, if you've only ever used Wealthsimple Tax to file your return, you still count as a new client and remain fully eligible.
One wrinkle for shared accounts: if the account you open is an RESP, a spousal RRSP, or a joint account, only the primary account holder can register the referral and receive the bonus. Deposits made by either holder count toward the $100, but a secondary holder can't claim a second bonus.
Which account should you open?
Any eligible account triggers the bonus, so pick the one that matches your goal, you can always open more later:
| Your goal | Best account to open |
|---|---|
| Flexible, tax-free investing | TFSA |
| Retirement + a tax deduction | RRSP |
| Saving for a first home | FHSA |
| High-interest everyday banking | Chequing |
| Bitcoin & other coins | Crypto |
No matter which you choose, the $25 is always paid into your Chequing account so it never affects your contribution room.
Common reasons a bonus is delayed (and how to avoid them)
- Deposit hasn't settled yet, the 24-hour clock starts only once your external transfer fully clears (2–3 business days).
- Funds came from inside Wealthsimple, peer-to-peer transfers, moves between your own Wealthsimple accounts, GRSP or group contributions, and Wealthsimple bonus credits all fail to qualify.
- You withdrew before it settled, the $100 is measured net of withdrawals, so pulling money back out can quietly drop you under the threshold.
- Code wasn't attached, confirm _Y024Q shows in the Rewards Centre; add it within 7 days of your first deposit if you missed it.
- No Chequing account open, the bonus can't be paid without one, and it expires 90 days after the first reminder if you still haven't opened it.
- Not a new client, a previously funded investing or Chequing account makes you ineligible (Tax-only users are fine).
- You left the 30-day window, your qualifying deposit must land within 30 days of the code attaching to your account.
Is it safe to sign up through a referral link?
Yes. A referral link simply attaches the code to your new account; you still create your account directly with Wealthsimple, enter your own details, and verify your identity through Wealthsimple's secure flow. We never see your login, password, or financial information. For more on Wealthsimple's regulation and CDIC/CIPF protections, read our full review.
Wealthsimple bonus FAQ
Everything Canadians ask about the referral code _Y024Q and the $25 sign-up bonus, eligibility, timing, adding the code late, taxes, and more.
