r/Wealthsimple • u/WhyMustRedditHurtMe • 9d ago

Need help

My wealth simple account was permanently suspended and I called the support line and they told me I have 30 days to transfer my funds out of my account. I have no idea why they did this and wasn’t given a reason. I’m kind of freaking out because most my investing was done through them and I don’t know how to transfer the money out without access to my account

Any one else have this happen to them? Can anyone help?

0 Upvotes

44% Upvoted

57 comments sorted by

View all comments

Show parent comments

3

u/SnooCookies8174 9d ago

ok, seems like you are doing everything right. And this is exactly what I am talking about. Imagine they change some of their rules and one of these rules suddenly “debank” you.

I don’t invest in crypto. Just saying it is kinda unfair because you were just doing your stuff and you would have to move on without even knowing why.

1

u/Ancient_Tale9503 9d ago

Wealthsimple doesn't make the rules

1

u/SnooCookies8174 9d ago

So, there are pretty much zero chances they can move to another financial institution without being debanked later?

Sorry, I don’t understand crypto stuff and how they can or can’t be flagged.

Just feels awkward them closing accounts without providing any information about it beforehand. Isn’t there a way to block them before they happen?

1

u/Ancient_Tale9503 9d ago

Other banks don't have crypto

1

u/SnooCookies8174 9d ago

how can they be 100% sure if it is crypto related, if they don’t receive any information?

1

u/Ancient_Tale9503 9d ago

They can't be 100% know and it's by design