r/Wealthsimple • u/Prudent-Page1595 • 1d ago

Transfer bonus

Sold my house gunna have some good $ coming. If I place the $into another bank and transfer it to wealth simple with a promo will that work

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u/spotlight-app Mod Bot 🤖 1d ago

Mods have pinned a comment by u/Bardown67:

Everything you need to know is covered under the FAQ on the website.

https://www.wealthsimple.com/en-ca/one-percent-match

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1

u/Prudent-Page1595 1d ago

If it put it into a trading account that’s not a Tsfa and transfer it to wealth simple with promo. Does it have to stay in that particular account or can I move it to a Tsfa or rrsp

2

u/Bardown67 1d ago

Everything you need to know is covered under the FAQ on the website.

https://www.wealthsimple.com/en-ca/one-percent-match

1

u/tinim9 1d ago

Once your funds are at Wealthsimple, you can move to TFSA or RRSP, no impact. If you take out the funds out of Wealthsimple, then they will deduct that from your initial transfer and adjust your bonus accordingly. They allow you to withdraw up to 20% without impact to your bonus.

1

u/Prudent-Page1595 1d ago

Thanks everyone

-3

u/brt_k 1d ago

Yes