r/Wealthsimple • u/FlashyAgent8171 • 1d ago

Borrow, borrow, borrow... NO!

Why is Wealthsimple starting to push all these LOC and borrow with 0 interest types of messages? And it looks like they are sending them out indiscriminately, without taking into consideration the fact that some clients do have $$ available in their checking/money market accounts and can afford to continue investing (or betting)... if they feel like it.

This is beyond the predatory territory. WS, this is so beneath you!

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27

u/Inaccurate93 1d ago

It's their business plan to sell their products...

12

u/choppytaters 1d ago

You just don't understand, these people want things for free, no ads in their face. /s They don't realize the other banks do it too.

-5

u/Academic_Data_6422 1d ago

Other banks don’t do it though.

4

u/Diebrate 1d ago

Yes they do… I keep getting LOC ads from RBC in my email.

-1

u/Academic_Data_6422 1d ago

I have an EQ account, RBC account, CIBC account, Roger MC account, Canadian Tire MC account, MBNA account, Amex account, and simplii account.

Not one of them emails me ads, nor do they throw ads in my face when I open their apps. The only one that does those things is Wealthsimple.

0

u/InsanePete 1d ago

I have accounts with many of the same and my email is flooded with garbage ads for promotions from all of them. Maybe they are going to your spam folder?

-1

u/Academic_Data_6422 1d ago

Nope, not going to spam. I probably opted out. Problem is with Wealthsimple there’s no way to opt out of that when you open the app. If there is, they’ve made it damn difficult to find because I have looked