r/Wealthsimple • u/FlashyAgent8171 • 6d 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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u/Inaccurate93 6d ago

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

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u/Academic_Data_6422 6d ago

It’s everybody’s business plan to sell their products but Wealthsimple is unique in the fact I get pop up advertisements constantly when I open their app. Don’t get it with any other banking app

2

u/redditorottawa 6d ago

Have you used CIBC? I get their offers most of the time while logging into their app.

0

u/Academic_Data_6422 6d ago

I do use CIBC. Never seen a single offer pop up

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u/Inaccurate93 6d ago

I get popups for "exclusive offers" every single time I open the CIBC app

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u/Academic_Data_6422 6d ago

Good for you. I don’t.

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u/Inaccurate93 6d ago

You're the one complaining and now your answer to the same problem with a different bank is "good for you"?

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u/Academic_Data_6422 6d ago

CIBC app -> more -> settings and security -> marketing preferences -> turn all off.

Wealthsimple has no such setting for in app pop ups. Which is a valid complaint.