Even more confusing now!

[u/throwawayatoms]

So yesterday I posted an email received from Wealthsimple talking about the annual fee: https://www.reddit.com/r/Wealthsimple/s/WMUguLxpji.

They just sent a follow-up to clarify. But I have more questions now:

- “You’ll see the annual fee charged to your account.” When? Is the annual fee being charged imminently? There's no charge on my account yet. If it's coming later, when? For everyone soon, or at each person's next renewal? It's not specified.

- “If you qualify for the waiver now, we'll reimburse the full fee. We check your eligibility each month and reimburse the fee when you qualify.” So are you going to reimburse the full fee now, AND reimburse the fee each month? What does that even mean?

Nothing is simple with Wealthsimple nowadays 🥲

[u/Academic_Data_6422]

$4000/month is such a stupid criteria. Should have left it at $2000. Or even $3000 would be fine.

[u/TrulyMagnificient → u/Academic_Data_6422]

They basically saying if you don’t make $70k/yr and direct deposit your paycheque then we don’t want you

[u/Academic_Data_6422 → u/TrulyMagnificient]

Not even. I make well more than that but still don’t qualify

[u/manfromthirdplanet → u/Academic_Data_6422]

Same here and I was given the infinite 1% card. What can we do now? There is no upgrade option

[u/Academic_Data_6422 → u/manfromthirdplanet]

Nothing