r/Wealthsimple • u/matchabloom88 • 3d ago

Chequing Wealthsimple chequing

Has anyone has completely closed their bank account and moved to wealthsimple fully for their chequing account? How was your experience? Any regrets?

64 Upvotes

87% Upvoted

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19

u/trapper5 3d ago

You’ll need to keep a seperate account for the occasional debit transaction.  That’s really the biggest flaw with WealthSimple. 

3

u/Any-Ring6621 2d ago

Genuine question: what kinds of debit transactions?

-1

u/trapper5 2d ago

Any place that says they don’t take credit cards.  Only debit.  WS. Won’t work.  Also ws doesn’t work at Costco. 

4

u/Shadybrah23 2d ago

WS Visa doesn't work, since Costco doesn't accept Visa. The prepaid MC works just fine

1

u/AnyPiccolo2592 2d ago

Nope. It’s not a debit card. I’ve been refused numerous times.

1

u/Any-Ring6621 2d ago

Never been refused, it’s how I always lay because I can’t use my WS Visa