Wealthsimple Chequing Account

Offer

Welcome Offer: $25 cash bonus for any new Wealthsimple client who opens and funds their account with as little as $1 within 30 days
Interest rate up to 2.25%
No monthly fees
No minimum balance required
Unlimited transactions and free e-transfers
Deposit protection up to $1,000,000
Access to multiple accounts for different financial goals
No credit check necessary
No conversion fee

Fees

Account Name Wealthsimple Chequing Account

Public Consumers

Special Offer $25 cash back

Monthly Fee $0

Unlimited Transactions

eStatement

Unlimited e-Transfer Transactions

Our review

Discover the Wealthsimple Chequing Account, a chequing account with an interest rate of up to 2.25%, with no monthly fees or minimum balance required.

With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.

You can earn 1.25% interest on your account balance
Wealthsimple Premium and Generation clients can earn an even higher interest rate of up to 2.25%
No fees for everyday banking services (e.g. no monthly fee, no FX, ATM, or Interac fees)
$1M in CDIC coverage (10x the average)
Deposit cash at any Canada Post location with instant deposits
Daily Interac e-Transfer limit of up to $25,000
Earn up to 3.25% interest on your USD savings

Enjoy unlimited transactions and protection for eligible deposits of up to $1,000,000. Open multiple accounts to easily manage your various financial goals.