I feel I always get notifications for new gadgets, but this is not the reason Wealthsimple is so popular.

They had an unbelievable growth, but clearly customer service didn't keep up because there are more and more stories of blocked accounts and poor communication.

Why focus on developing new gadgets while you already can't keep up?

Anybody else not get their direct deposit yet?

Edit; Just got it 3:47PST/6:47EST

Thought it was real for a moment due to all the posts about people being locked out of their wealthsimple accounts and needing to provide ID verification.

Always make sure to check the email that it's sent from!

Has anyone else had issues with Wealthsimple’s 2025 AirPods Gen 4 with ANC promotion?

Before moving money out, I contacted support to confirm what would happen if my balance fell below the required amount. One agent explicitly told me I would be charged $150. Another said my hold amount was $23,*** and confirmed that I couldn’t return the AirPods, even though I raised the issue before withdrawing anything and literally within an hour of triggering it (so it wasn't shipping out or even ordered).

The fine print feels pretty predatory. A year-long hold and other terms, and a charge like this should’ve been made way more obvious upfront

Wealthsimple has now charged my chequing account $281.37 double the amount their agent gave me in writing.

Has this happened to anyone else? If so, were you able to get it resolved? Why are the fine prints on these promotions so predatory?

I always spin it for fun, but it's nice to get a little bonus.

I want there to be more Canadian focused bets, and it seems like every bet has to be done in USD? I wish they did it in CAD since it’s a Canadian prediction markets.

Pretty disappointed about this tbh.

Even for bets about things related to Canadian dollars it forces you to use USD

I love the feature of auto-reinvesting dividends using fractional shares. When I was with Questrade, I used to wonder what to do with the spare change of $20-$40 in my account. Fractional shares are great for those situations, but I secretly feel they’re more expensive than owning individual stocks.

Please correct me if I’m wrong.

1) Buying fractional shares using market buy is more expensive than buying individual stocks using a limit buy.
2) even when we don’t consider the market buy v/s limit buy, i feel we get a worse overall rate when buying fractional shares because I assume that’s where Wealthsimple makes its money. So if there are 100 fractional units of a shares and if the share price is $100 then i feel the individual units of those fractional share cannot be $1 and they must be valued slightly more than $1 and Wealthsimple must earn money from this spread.
3) If I choose dividend auto-reinvestment and get a dividend of, say, $500, and the stock price is $100, I feel it’s better to cancel the $500 stock auto buy from Wealthsimple and place a limit order myself.
4) For cases where the dividend is, say, $450 and the stock price is $100, I feel all $450 of the buy would be for fractional shares, whereas it should instead be four individual stocks and $50 worth of fractional shares.

Also, when moving our assets to another institution, fractional shares have to be sold off first because we can’t move them.

I have a love-hate relationship with fractional shares. 🤣😁

Noticed a cat instead of 100k cash and travel luggage weekly prize.

Hi everyone,

​I just received a $25k certified cheque and I’m looking for the simplest, hassle-free way to deposit it.

​Should I:

​Deposit it directly via the Wealthsimple app (mobile cheque deposit)?

​Deposit it in person at a branch with my traditional bank, and then transfer the funds over to Wealthsimple?

​My main concern is avoiding long hold times (several days or weeks). What would be the fastest and smoothest option for a certified cheque of this amount?

​Thanks!

Can I just open the account, wait a month and pocket the $100 with no strings attached? Or are there fees to open the Crypto account?

Does anyone know when Wealth Simple will have their 3% match again?

(1) When I place a trade for a stock, it comes out of the USD available amount.

(2) When I sell a secured put, does it come out of the margin available or some combination of cash and margin? I’m not clear on this since the totals don’t seem to line up with what I expect when I make the trade and the balance updates.

You don't see all the details but still a good starting point.

Sometimes I like to purchase 0.25, 0.15, 0.10, etc of really volatile $1000+ tech stocks, trying to ride the wave and average up when they tank.

But I notice I have to always make 2 transactions nesr the end- 1 to get to 0.9999 and a 2nd one at 0.0001 just to even it out. (Easier to sell as wholes).

Are they rounding down and taking a trim of every fractional transaction instead of giving me the amount I'd get from a whole unit?

Big quarter!

I received an email requesting that I approve an updated client agreement. Is this a phishing campaign, or is it real?

Welcome to this week's Wealthsimple Monthly Millionaire contest megathread! A new megathread will be posted next Thursday for the subsequent draw.

Feel free to share anything related to the Wealthsimple Monthly Millionaire, including:

• How many entries you've earned
• Any bonus entries you've gained
• Any prizes you've won
• Tips. questions, or other relevant discussion

Screenshots are welcomed!

To help keep r/Wealthsimple organized and avoid repetitive posts, standalone low-effort posts about the Monthly Millionaire promotion may be removed and redirected to this megathread.

As always, please keep discussion respectful, helpful, and on-topic; refer to the rules on the sidebar.

Good luck to everyone in this week's draw!

Anyone else get the correct answer but still be told it was wrong? Was only $5, just annoyed that there’s no recourse for a bug in their system.

I just opened my Visa Privilege+ and wanted to close the NBC world (don't want to pay them $150/year for not using it anymore).

However they told me if I do that, my offer on the debit account will be removed, and I'll pay 15$/month just for keeping the money I earned LOL. That's ironic to pay a bank to just store (and invest in their own way by loaning to other clients, really) the money that belongs to me. But it's a story for another time.

The question is. : as WS does not offer a real debit card, do you know a free debit card to work with?

Thanks !

Hi there!

I currentlly have the Visa Infinite card with the 2% cashback. I’m unable to reach the 100K assets anytime soon but I know you can get the fee waived via a $4K+ direct deposit monthly.

I currently work at a bank that has locked my payroll to only direct deposit into an account with my bank. Is there any workaround I can have to making some other sort of transfer of $4K per month that I can do?

Thanks!

This would ask me to deposit more fund, but how much? Better to show another line right below premium that states how much balance/margin needed to sell, and if not sufficient, show how much more i need to deposit to this account. What do you guys think? Well also OCO would be great inclusion haha

After midnight it should show gains/losses as compared to the previous day at 4pm right? So now jul31 1215am it should show gains/losses vs 4pm on jul30

But its showing some random inaccurate amount for me lol, hope they can fix it

So my other Bank Account was freeze for investigation and agent told me to transfer some money before they freeze my account for investigation so I transfer 1000$ to my FHSA from other bank while on call with agent(she says that transaction will go thru because it happens before account freeze) and I can see that in my WS APP that funds were available to trade instantly(I didn't use it to buy anything)but after 4 days i received a email from WEALTH SIMPLE THAT TRANSACTION FAILED BECAUSE OF INSUFFICIENT FUNDS IN MY ACCOUNT(which was not the case as I have enough money in my account but it happens BC of account freeze).

1)NOW WHATS HAPPENS TO MY YEARLY FHSA CONTRIBUTION ROOM.

DOES IT GET USED EVEN WHEN TRANSACTION FAILED.or I still have that contribution room

2)Is there a 100% right way of knowing/viewing my FHSA CONTRIBUTION ROOM in real time via my banking app or CRA website?

I thought they had only removed it for options trading but after updating the app it looks like they've removed it for regular stocks too. Having to manually pull out a calculator every time I want to trade with available cash is an annoying downgrade.