1% transfer match (up to 3%)
Move an account in from another institution and Wealthsimple pays 1% cash on transfers of $25,000+, rising to 3% in any month you hold Active Trader status. Paid over 24 months, capped at $2M transferred.
Wealthsimple Promotions
The offers that are actually live right now: 1% transfer match (up to 3%), the $25 referral bonus with code _Y024Q, transfer-fee reimbursement, and any limited-time promotions.
What you can claim in July 2026
These are the current Wealthsimple promotions as of July 2026, verified against Wealthsimple's official promotions page. They aren't either/or, the $25 referral bonus and the 1% transfer match reward different actions, so new clients can claim both at the same time (along with fee reimbursement and contest entries).
$25 referral bonus
The reliable one. Sign up with code _Y024Q, then deposit or transfer at least $100 within 30 days. You and the referrer each get $25 in your Cash account.
Transfer-fee reimbursement
Wealthsimple reimburses one transfer-out fee per account charged by your old brokerage when the qualifying transfer is $25,000+, so switching costs you nothing out of pocket.
Monthly Millionaire (limited time)
A rotating contest with weekly $25K, $50K and $100K cash draws plus a $1,000,000 grand prize. Earn entries automatically by funding, referring, and using direct deposit. More on the contest →
Limited-time & seasonal promotions
Alongside its standing offers, Wealthsimple runs promotions that rotate in and out, contests, seasonal match boosts, and short-window deals. These change often, so always confirm the live terms on Wealthsimple's official site before counting on them. What's running this cycle:
Monthly Millionaire contest
A recurring contest with weekly cash draws of $25,000, $50,000 and $100,000 plus a $1,000,000 grand prize. You collect entries automatically by funding your account, referring friends, and using direct deposit.
It stacks with the $25 referral bonus, so the same funding that enters you into the draw also qualifies you for the welcome bonus. Contest cycles and prize amounts can change, verify the current rules at wealthsimple.com.
The 1% transfer match
The most valuable promotion Wealthsimple is running right now is the 1% Match. When you move an existing investment or savings account over from another institution, Wealthsimple pays you a cash match on what you bring in. It's aimed squarely at people consolidating their portfolio, and it's where the real money is. Crucially, it doesn't replace the $25 welcome bonus, you claim that as well, so a transfer can earn you the match and the referral $25 together.
| Term | Details |
|---|---|
| Base match | 1% of net qualifying transfers |
| Boosted match | 3% in any month you hold Active Trader status |
| Minimum transfer | $25,000 from another institution |
| Maximum bonus | $20,000 at 1% (up to $60,000 at 3%) on $2M transferred |
| Payout | 24 equal monthly installments |
| How to qualify | Register in-app first, then initiate the transfer within 30 days |
A few details that trip people up: cash deposits don't count, the match applies to institutional transfers (investment, crypto or savings accounts moved over), not money you wire in from your chequing account. You also need to register for the promotion in the app before you start the transfer, and the funds have to land at Wealthsimple within the stated funding window. Because it pays out over two years, you're expected to keep the balance invested rather than pulling it straight back out.
The exact match rate, caps and funding deadlines are the most time-sensitive numbers on this page. Always confirm the live terms at promotions.wealthsimple.com before you initiate a large transfer.
The $25 referral bonus
The $25 referral bonus is the simplest reward, and every new client gets it, whether or not you're also claiming the 1% transfer match. Sign up with referral code _Y024Q, then make a qualifying deposit or transfer of at least $100 within 30 days. Both you and the person whose code you used receive $25, paid into your Cash account, usually within 24 hours of the deposit settling. If you're moving a big account over for the 1% match, that same transfer also satisfies this bonus, so the two pay out side by side.
The bonus lands in Cash on purpose, so it never uses up your TFSA or RRSP contribution room. For the full walkthrough, see our how to claim guide.
How to stack the offers
The referral bonus and the transfer match reward different actions, so you can claim both in the same sign-up. Here's the order that works:
1
Sign up with code _Y024Q 🔗
Open wealthsimple.com/invite/_Y024Q so the referral code is attached to your account from the start. This locks in the $25 side of the deal.
2
Register for the 1% Match 📲
In the Wealthsimple app, opt in to the transfer-match promotion before you move any money. Registration starts your 30-day window to initiate the transfer.
3
Transfer in $25,000+ and deposit $100 💸
Initiate the institutional transfer from your old brokerage to qualify for the match, and make sure at least $100 of new funds is in to trigger the referral bonus. The $25,000 transfer also makes you eligible for transfer-fee reimbursement.
4
Collect each reward separately 🥳
The $25 referral bonus lands in Cash within about 24 hours. The transfer match is paid in monthly installments over 24 months. Submit your old institution's fee statement in-app to get the transfer-out fee back.
Start with the referral code, it takes two minutes and locks in your $25.
Sign up with code _Y024QA note on "promo codes"
People search for a Wealthsimple "promo code" or "coupon code," but Wealthsimple doesn't use those. New clients unlock the welcome bonus through a referral code like _Y024Q, and the bigger offers (the transfer match, the contest, fee reimbursement) are activated inside the app, not by typing a code at checkout. Anyone advertising a secret code that pays more than the standard $25 is just relabelling the same referral offer.
How we verify these promotions
Bonus terms change, so we re-check the offers and the headline numbers on this page every month and confirm them against Wealthsimple's own promotions page. For anything time-sensitive, the exact match percentage, minimum transfer, caps and funding deadlines, Wealthsimple's official terms are always the authoritative source. Treat this page as a plain-English summary and confirm the fine print before you act.
Wealthsimple promotions FAQ
Common questions about the 1% match, the $25 bonus, and stacking offers.
Wealthsimple pays a 1% cash match on qualifying account transfers of $25,000 or more from another institution. The match rises to 3% in any month you hold Active Trader status. It's paid over 24 equal monthly installments and is capped at $2,000,000 in qualifying transfers.
Both you and the person who refers you get $25 each. Sign up with code _Y024Q and deposit or transfer at least $100 within 30 days. The $25 lands in your Cash account, usually within 24 hours of qualifying.
Yes. The referral bonus and the transfer match reward different actions, being a new referred client versus moving an existing account over, so you can claim both. Sign up with code _Y024Q first, then register for the transfer match in the app before you move money.
Yes. Wealthsimple reimburses one transfer-out fee per account charged by your old institution when the qualifying transfer from that account is $25,000 or more. Submit the fee statement in the app after the transfer settles.
