Wealthsimple Promotion: Must-See Offers in 2026
Loading article…
Wealthsimple currently has two offers open to new sign-ups: Millionaire of the Month and the 1% transfer match. A third offer, the 3% match for Active Traders, closed to new registrations on September 1, 2026. Depending on your situation, you can enter a monthly draw or receive a match on an eligible transfer.
Here is how these Wealthsimple promotions work, what their conditions are and which dates matter.
The Wealthsimple promotions available right now
Wealthsimple is currently putting two offers forward, plus a third that closed to new sign-ups on September 1, 2026. They do not all target the same client profile.
| Promotion | Main benefit | Main condition |
|---|---|---|
| Millionaire of the Month | $1M draw every month | Collect entries |
| 1% transfer match | Up to $20,000 | Transfer at least $25,000 |
| 3% match for Active Traders (closed) | Up to $60,000 for existing participants | Registration closed since September 1, 2026 |
The 1% transfer match and the 3% match for Active Traders are linked. You do not receive both on the same transfer.
The match was 1% by default and could rise to 3% for clients who registered for the enhanced rate and held Active Trader status. Registration for the 3% rate closed on September 1, 2026.
Wealthsimple promotion – Millionaire of the Month
Millionaire of the Month is a monthly Wealthsimple contest. Each edition has four weekly draws, with the final grand prize the week after. Wealthsimple switched the grand prizes from cash and a car to condo units starting with the September 2026 edition:
| Draw | Grand prize |
|---|---|
| September 3, 2026 | The Georgian Condo, approximate value $635,700 |
| September 10, 2026 | The Georgian Condo, approximate value $783,900 |
| September 17, 2026 | The Georgian Condo, approximate value $837,200 |
| September 24, 2026 | Concord Canada House, approximate value $699,900 |
| October 1, 2026 | KING Toronto, approximate value $1,454,990 |
On top of the five grand prizes come thousands of secondary cash prizes from $3 to $100, plus 30 EQ3 Bird Swivel Chairs (approximate value $1,599) given away each week. You can earn up to 300,000 entries over the September edition.
How do you enter?
To enter, you have to sign up for the contest. Opening and funding a chequing account gives you 500 starting entries.
You can then collect more entries by saving, transferring investments or inviting people you know.
How do you earn entries?
You get, among others:
- 1 entry per dollar of net deposit, meaning your deposits and transfers minus your withdrawals
- 1 entry per dollar transferred in from another institution
- 100,000 entries for an eligible referral
- Up to 50,000 entries a day by spinning the in-app coin
- Double all of your entries if you receive a direct deposit
An example: you deposit $500 and withdraw $200 during the period. Your net deposit is $300, which is worth 300 entries, or 600 with direct deposit. Your 500 starting entries also become 1,000 in that case.
Entries add up from one weekly draw to the next until the million-dollar draw, then go back to 500 when the following edition starts.
For a referral to count, four conditions apply:
- You hold at least $100 in net deposits at the time of the referral;
- The person you invite signs up with your link;
- They deposit at least $100 within 30 days of signing up;
- That deposit falls within the current contest period.
Several account types can feed your entries. Wealthsimple mentions RRSPs, TFSAs, FHSAs, RESPs with the QESI, non-registered accounts and crypto accounts.
Deposits and transfers still have to meet the contest conditions. For example, activity carried out before the eligible period does not count.
When is the next draw?
The current edition started on August 27, 2026 and runs entries until September 30, 2026 at 11:59 p.m. Eastern time. The $1M grand-prize draw takes place the next day, October 1.
No purchase is required and a skill-testing question has to be answered. You do need the Wealthsimple app and a chequing account to receive a prize, since cash amounts are deposited straight into it.
Millionaire of the Month is an ongoing contest, and the editions follow each other without a gap: the October edition starts right after the September grand-prize draw, on October 1. Eligible activity that does not make it in time for the current draw automatically rolls into the next edition, as long as you stay enrolled.
Draws take place on Thursdays. Check the app or the website on Thursday evening to see whether you won, and an email confirms any win.
Wealthsimple promotion – 1% transfer match
The 1% transfer match pays a bonus equal to 1% of the value of eligible transfers.
How do you get the 1% match?
You first have to sign up for the promotion. You then have 30 days to start your transfers.
The total amount transferred has to reach at least $25,000. You can combine several transfers to reach that minimum.
How much does the 1% match pay?
The match equals 1% of net eligible transfers. For example:
| Amount transferred | Total match |
|---|---|
| $25,000 | $250 |
| $50,000 | $500 |
| $100,000 | $1,000 |
| $500,000 | $5,000 |
| $1,000,000 | $10,000 |
| $2,000,000 | $20,000 |
| $5,000,000 | $26,000 |
| $10,000,000 | $36,000 |
The 1% rate applies up to $2,000,000, for a $20,000 match. For a sign-up made between July 8 and August 31, 2026, the portion above that amount earns 0.2%, up to $10,000,000 in net funding. The maximum match then reaches $36,000.
Which transfers are eligible?
Transfers have to come from another Canadian investment institution and go into an eligible Wealthsimple account.
Wealthsimple mentions Self-directed investing, Managed investing and Crypto accounts.
Cash deposits, Interac e-Transfers and transfers between your own Wealthsimple accounts are not eligible.
The transfer has to be started within the 30 days following your sign-up. Wealthsimple then allows up to 90 more days after that period for the funds to arrive.
When is the match paid?
The match is paid in 24 equal monthly instalments. You need a Wealthsimple chequing account in good standing to receive them. You can read our guide to the Wealthsimple chequing account for its main features.
For example, a $1,000 match works out to about $41.67 a month for 24 months.
The holding period matters too. As a rule, withdrawal limits apply for 730 days after the end of your qualification period.
Is there an end date?
The promotion conditions show an effective date of May 4, 2026. They set no general end date: your qualification period is calculated individually from your sign-up. One date does matter, August 31, 2026. The enhanced 0.2% treatment on the portion above $2,000,000 only applies to sign-ups made between July 8 and August 31, 2026.
Wealthsimple still reserves the right to change, withdraw or limit the promotion at any time.
Wealthsimple promotion – 3% match for Active Traders
The 3% match for Active Traders was an enhanced version of the transfer match, offered to clients who held Active Trader status. It closed to new registrations on September 1, 2026 — the section below explains how it worked for clients who registered before that date.
Who can get the 3% match?
Registration closed on September 1, 2026. Before that date, clients had to sign up for the promotion and transfer at least $25,000 within 30 days.
You then have to meet the conditions tied to Active Trader status. Wealthsimple states that you need at least 50 stock trades a month to reach it.
How much does the 3% match pay?
The 3% rate applies to net eligible transfers, up to a maximum of $2,000,000. The maximum match therefore reaches $60,000.
| Amount transferred | Total match |
|---|---|
| $25,000 | $750 |
| $50,000 | $1,500 |
| $100,000 | $3,000 |
| $500,000 | $15,000 |
| $1,000,000 | $30,000 |
| $2,000,000 | $60,000 |
How do you get the 3% rate?
The 3% should not be seen as a rate guaranteed for the full 24 months, though.
Your rate depends on the Active Trader status you held in the previous calendar month. If you lose that status, your instalments drop to 1% for the months concerned.
Can you receive 1% and 3%?
No. For a given month, your instalment is either 1% or 3%, never both.
If you hold Active Trader status under the applicable conditions, the rate can rise to 3%. Otherwise, it goes back to 1%.
Someone already signed up for the 1% transfer match can also become eligible for the 3% rate by reaching the required status within the period set out in the conditions.
Is there an end date?
The current conditions show an effective date of June 3, 2026. They set no general end date. As with the 1% transfer match, your qualification period starts when you sign up and runs 30 days.
Wealthsimple can still change or end the promotion under the applicable terms.
Which Wealthsimple promotion should you choose?
The best Wealthsimple promotion depends mostly on your situation.
You have less than $25,000
Millionaire of the Month is probably the most accessible offer. You can collect entries with your deposits, transfers and certain other eligible activity.
You have at least $25,000 to transfer
The 1% transfer match becomes particularly interesting. An eligible $100,000 transfer represents a potential $1,000 match.
You do have to meet the qualification period and the applicable holding period.
You already trade actively
The 3% match for Active Traders closed to new registrations on September 1, 2026. If you already hold that status and registered before the deadline, your rate can still reach 3%; otherwise the 1% transfer match remains your active offer.
The 3% rate does depend on keeping Active Trader status, though.
You are comparing Wealthsimple with another platform
A promotion should not be your only deciding factor. Before transferring a large amount, you can also check whether Wealthsimple is safe and understand the protections offered to clients.
You can also read our Questrade and Wealthsimple comparison before deciding.
Wealthsimple also has credit cards: see our review of the Wealthsimple Visa Infinite cards.
What to check before a transfer
A promotion can be worth several hundred or several thousand dollars. The conditions still have to be met for the match to be paid.
Here are the main things to check:
- Sign up before making a transfer;
- Meet the $25,000 minimum;
- Start your transfers during your qualification period;
- Confirm that your accounts are eligible;
- Respect the holding rules;
- Check the potential tax consequences;
- Keep proof of your sign-up and of your transfers.
You should also check whether your current institution charges transfer fees.
Wealthsimple states that it reimburses certain fees when an eligible transfer of at least $25,000 is made in a single transfer.
Depending on the amount transferred, you could also move into another account tier and reach other benefits.
Wealthsimple also has two Visa Infinite credit cards, with high eligibility requirements. Wealthsimple periodically sends an invitation-based welcome offer, by app notification or email, letting eligible cardholders earn up to $500 cash back (5% on the first $10,000 in purchases during the 30 days after approval). Not every applicant receives an invitation: check your Wealthsimple app or email before applying if you're counting on this offer.
Exclusive
- Annual fee
- $240
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$500Total$500Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $500
- Welcome offerAfter $10,000 in 1 month
- Up to $500 cash back
Apply Now
on Wealthsimple's website
Exclusive
- Annual fee
- $240
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$500Total$500Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $500
- Welcome offerAfter $10,000 in 1 month
- Up to $500 cash back
Apply Now
on Wealthsimple's website
Finally, before transferring your investments, read our guide to investing with Wealthsimple to understand the platform better.
Are Wealthsimple matches taxable?
Matches can have tax consequences. Wealthsimple states that clients remain responsible for their own tax obligations. For the 1% transfer match and the 3% match for Active Traders, the conditions note that the payments may be taxable.
The tax treatment depends on the account type and on the nature of the payment. If you receive a large match, it can be worth speaking with a tax specialist.
Conclusion
The Wealthsimple promotions running right now can be worthwhile, but they answer different needs.
Millionaire of the Month lets you collect entries for a $1M monthly draw. The 1% transfer match pays up to $20,000 on eligible transfers, and up to $36,000 with the enhanced tier. The 3% match for Active Traders can reach $60,000 for eligible clients.
Before transferring your investments, check the conditions and your qualification period. Above all, do not choose Wealthsimple for a promotion alone. Compare the full set of features, fees and services against your profile.
To go further:
Wealthsimple promotion – FAQ
What is the current Wealthsimple promotion?
Wealthsimple is currently running two offers open to new sign-ups: Millionaire of the Month and the 1% transfer match. The 3% match for Active Traders closed to new registrations on September 1, 2026.
What is the minimum for the 1% transfer match?
You have to transfer at least $25,000 in eligible investments during your qualification period.
How much does the 1% transfer match pay?
The match equals 1% of net eligible transfers up to $2,000,000, or $20,000. For a sign-up made by August 31, 2026, the portion above that earns 0.2% up to $10,000,000, for a maximum of $36,000.
How do you get the 3% match for Active Traders?
The 3% match closed to new registrations on September 1, 2026. Clients who registered before that date keep their rate as long as they hold Active Trader status; new registrations are no longer accepted.
Can you receive both the 1% and the 3% match?
No. For a given month, the applicable rate is either 1% or 3%, depending on your eligibility.
Is Millionaire of the Month ending soon?
No. It is an ongoing contest: the September edition ends on September 30, 2026 and the October edition starts right after, on October 1, with no gap between them.
When are the matches paid?
Transfer matches are paid in 24 monthly instalments, subject to the applicable conditions.
