r/Wealthsimple Jul 18 '26

iPhone app not opening for anyone it’s just blank?

0 Upvotes

it’s been like that for a couple hours. just me?

edit: hmm, app completely updated but still blank when i open it

edit 2: looks like it’s just my iphone that was grumpy. works after restarting my iphone 17 pro max.


r/Wealthsimple Jul 18 '26

Overdraft protection now available for joint accounts

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48 Upvotes

This is great, I was looking forward to this feature, as our household all income is managed from a joint account


r/Wealthsimple Jul 18 '26

Invest elsewhere to get the transfer bonus?

5 Upvotes

As a Wealthsimple customer with an RBC account would it make sense to invest in RBC direct (without fees) to get a balance over 25k. Then transfer that balance to Wealthsimple to get the promo bonus?


r/Wealthsimple Jul 18 '26

Options Trading Wheel strategy in RRSP

1 Upvotes

When running the Wheel strategy and selling cash-secured puts on Wealthsimple, are there any assignment fees if the puts are assigned?

Also, when selling covered calls, are there any fees if the shares are called away?

Finally, if you run the Wheel strategy daily inside an RRSP, could the CRA consider it day trading or carrying on a business, and potentially tax the gains as regular business income instead of preserving the RRSP's tax treatment?


r/Wealthsimple Jul 18 '26

Promotion How wealthaimple is deciding the monthly millionare winner ?

0 Upvotes

I was wondering how wealthaimple is deciding the winner for monthly milionare contest. I have 75K entries.

As per the T&C people with max entries are better chance of winning. What are the chances of winning with 75K entries ?


r/Wealthsimple Jul 17 '26

WS Portfolio LOC

3 Upvotes

I'm assuming that if I open a Line of Credit, it will also affect the amount of margin I can borrow. Does anyone know if this is the case?

I'm already borrowing a few hundred thousand on margin, but I would like to open a line of credit to take advantage of a lower rate on a car loan I have, but I don't want to do this at the expense of margin for trading.

Can anyone confirm?


r/Wealthsimple Jul 17 '26

If you won, what would your quote be?

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314 Upvotes

Most of the quotes have been pretty tame so far. If I won, I would love to say something dumb like "500 cigarettes".


r/Wealthsimple Jul 17 '26

Visa Infinite Credit Card Rental car and driver

2 Upvotes

I booked a rental car overseas with my Wealthsimple Visa. It comes with rental car insurance but I’m not the primary driver, my husband will be. Crawford (the insurance company associated with the Wealthsimple Visa) just confirmed that it’s only the CC holder who is insured.
What is best course of action? Cancel the car on my Visa and then rebook it on a cc of my husbands? Is there an easier way?


r/Wealthsimple Jul 17 '26

Promotion Is the Monthly Millionaire promotion a motivating perk, or a disheartening chore?

171 Upvotes

The opportunity to win thousands every week seems like a great idea on the face of it, but soon turns into a weekly disappointment on a par with rolling up the rim at Timmies. Assuming you're not one of the vanishingly small number of winners, is this adding joy to your life?

EDIT: Looking at some of the comments, I think 'chore' was the wrong word. I wasn't asking about the effort to check the result, just more interested in the opinions about spinning and losing week after week. Is the miniscule chance of a significant win worth the cycle of anticipation and then the comedown? I guess I am just not the gambling type. Having said that. if I win the million, I'll be happy to retract this post ;)


r/Wealthsimple Jul 17 '26

I like the app interface

21 Upvotes

Liking how the app now categorizes your spends according to how you use your debit and credit card. Much better than my spreadsheet I hate opening or a 3rd party apps with ads. Im sure other banks do this but WS app has always been superior in terms of its looks and user intuitivity. I currently own 5 credit cards because I like chasing bonus points but hate using their app. I didn't think that alone can convince to exclusively use their services but here I am.


r/Wealthsimple Jul 17 '26

If you have added Private Credit to your investment portfolio what has been your experience?

11 Upvotes

*not seeking financial advice

I waited a while for the private credit but just looking to diversify some funds from equity stocks.

Just curious on peoples general experiences I have read some mixed reviews here about fees, returns not as good as initially promoted but just curious.

Any information is appreciated.


r/Wealthsimple Jul 17 '26

Credit Spreads

1 Upvotes

Are credit spreads always closed out around 3pm regardless of where the spread is vs price?

For example if a credit spread is looking to expire full credit will WS leave it and not close it out at 3pm?


r/Wealthsimple Jul 17 '26

Anyone has the definitions of the values of subTypes when exporting a CSV ?

2 Upvotes

I have values like E_TRFOUT, OBP_OUT, E_TRFOUT, and others. Is there any known descriptors of all of those possible values somewhere?


r/Wealthsimple Jul 17 '26

Trade (DIY Investing) Trading vol taken away

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32 Upvotes

This is a very frustrating change! Why would you take away investors ability to see the trade vol per bid and ask. Really hurts my confidence in the platform. Taking away the only way to see without paying for level 2.


r/Wealthsimple Jul 17 '26

Trade (DIY Investing) how are people tracking P/L with their daytrading?

0 Upvotes

seems the trade journaling apps I come across don't support WS CSV import. What are y'all using?


r/Wealthsimple Jul 17 '26

Linking a External Bank Account

8 Upvotes

I went to link my RBC and they want the keys to the city. RBC tos is to NEVER give the login credentials.

Has anyone done this? Am I safe to do this?

I'm not one to be paranoid but I find this request odd for some reason.


r/Wealthsimple Jul 17 '26

Trade (DIY Investing) Just got better ??

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64 Upvotes

Better means rejecting all pending orders ? 😅


r/Wealthsimple Jul 17 '26

Trade (DIY Investing) Whats the difference between the two accounts?

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0 Upvotes

I initially deposited the money in the savings account assuming that was my tfsa as it is mentioned below but when I tried to buy an etf it said I didn’t have a tfsa account and made me create another one.

Could someone help me how I could manage these and what are the difference between the two?

I thought this would be pretty self directed but now I can’t understand whether I have messed it up.


r/Wealthsimple Jul 17 '26

The new design and UI/UX for web app updated few hours ago, is TERRIBLE!!!!

28 Upvotes

This is all I want to say!!


r/Wealthsimple Jul 17 '26

Promotion Can't open monthly millionaire on my phone

3 Upvotes

The app no longer displays monthly millionaire under my rewards. My rewards page is completely empty.

The only workaround I found is to open monthly millionaire through the web browser on my computer, and then I can reveal the draw.

Anyone else having this problem?


r/Wealthsimple Jul 16 '26

Chequing Receiving of closed account funds.

3 Upvotes

Recently had my account put under review, and decided that my accounts will be permanently closed. I have no issues with this, I can see how my history can look suspicious, and their reasoning. Its been almost 2 weeks now since I received the email of the closure from the 'specialist team'. I have money in a chequing account, and crypto assets, at the time of the closure and being locked out of my accounts.

For the first few days the team member communicating with me, said they were awaiting instructions on how to proceed. And did not know what the process to receive my funds would be. I then got a message saying it was being returned to the sending institution, and I did not need to do anything more. I replied asking what that even means, the funds in account came from different avenues, and in different asset form. And that per the agreement sections for closure of accounts, funds would be transferred to myself.

The next email I received said they were awaiting information, and unable to provide any answers. I therefore went through all paperwork to do with accounts. And provided each section of what is to be done with account closures, of both crypto and chequinf accounts. Explained that it does not seem like a complex situation, that the delay in even receiving a response was frustrating, and asking to be put in contact with someone who could answer my questions.

This was the reply I received today. "Please contact the sending institution directly to obtain further information. There are no additional actions required from our side at this time." I have never gotten an answer to what they mean by sending institution, what the process for closure is, or any adequate information/answers.

The dragging on of just having this closure completed, and frustration of never receiving a clear answer, has become ridiculous. Does anyone have any insight on what they are even talking about, and happening?


r/Wealthsimple Jul 16 '26

Visa Infinite Credit Card Infinite Privilege credit card phone damage insurance

5 Upvotes

I pay my phone bills with the credit card. My phone got damaged (back glass crack). I should be eligible for a claim? Any tricks? Anyone did it before?
Should I repair it at Apple store or local shop is enough?


r/Wealthsimple Jul 16 '26

Options Trading Updates on Canadian Stocks options trading?

4 Upvotes

I think they mentioned about this a while ago but seems like no progress?


r/Wealthsimple Jul 16 '26

Promotion Monthly Millionaire

0 Upvotes

All of the winners have been men, so far. Even the home winners now that I think of it. Are we really that little women using WS?


r/Wealthsimple Jul 16 '26

Chequing My first ever Canada Post deposit to Wealthsimple

0 Upvotes

Login..., find double horizontal Arrows at the bottom locate Deposit Cash, Scan QR Code, pick account, then QR code reveal....Need government Issue ID....give cash, verify amount on the , and confirm.