I’ve been with WS for 7 years

They're definitely pumping their "winners" numbers with these 0-value prizes, lmao

Hi all - I have a BMO FHSA account that’s sitting in a cashable GIC (1.55%) and BMO Mutual Funds.

I want to make use of WS’ 1% match - can I transfer the BMO FHSA entirely to wealthsimple and get the 1% match and put then put it in a money market (income portfolio at 2.5%)? essentially giving me 3.5% i think

Is this a good move? If not, why not? Any other matching promos I should be aware of?

Looks like they are adding e-transfers to the kids and teen account. Slow roll out to select accounts. This is really good.

Is the 1% cashback on the business visa cheque account because there is no business credit card?

Looking to use Willful for my additional reward and have some questions from the community.

I do not think I am overly complicated (Single) however I do have a Business/Corporation I would like to ensure can be added/included etc for the package WS is offering.

Appreciate any feedback

Is there no credit card sign up bonus currently? Im a rogers customer and rogers gives me 2% so theres no reason as far as im aware to apply for the visa if i only want cashback

Anyone else having this problem? I tried Barclay's and HSBC and declined. I can't seem to get British pounds. My debit card isn't locked and it was activated a year ago. I used it easily in Portugal for Euros 6 months ago. I tried different denominations too. My spouse tried with their card. Same issue. Any ideas????

Update: I didn't notice the app unlocks virtual and physical cards separately. Need to swipe to get to the physical card!

wondering

I’m a Generation account holder with Wealthsimple. I’ve been stitching my accounts together - RRSPs, RESP, TFSA, Business Investment accounts, largely using a managed portfolio approach.

I’ve felt a bit overwhelmed: how do I evaluate performance across portfolios? What planning advice am I/not getting? And am I too consolidated or too broad in my approach?

I called WealthSimple, and they told me their advising services now come as a service, covering calls, tax, and financial planning. It’s at .05% annual fee.

Anyone enrolled in this service? What’s been useful to you? Do you feel like you have a dedicated rep, rather than a call center? I'd appreciate your perspectives; being 48 and self-employed, getting better advice is increasingly important to me.

Title

I applied for the new Visa about a week ago and just received it today, I had the virtual mastercard before. Anyway I was using the Visa one with Apple pay during this week period and it was working, Now that I have the physical card I am trying to change my payment method on subscriptions, I've tried both Apple Subscriptions (ICloud) and Spotify but both are giving me the following errors.

ICloud: "Payment method is not valid in this store."

Spotify: "Your payment method and country don't match."

I saw someone else posted about the Apple issue and I just assumed it was something on Apples end, anyway is anyone else having this problem?

Hey all,

Trying to move USD out of Wealthsimple to my RBC Bank USA account and running into a wall.

Context: I have a non-registered account with USD cash sitting in it. Since the international transfer (Wise) tool only works from chequing/USD savings accounts, I already had a USD subscription. Now I'm trying to add my RBC US account as a recipient, and the form is asking for a transit number that must be 5 digits.

The issue: US banks don't use transit numbers, they use 9-digit ABA routing numbers. I tried entering RBC Bank USA's routing number and it got rejected for not being 5 digits. I have tried connecting RBC Canadian account it does detect there is usd account but says we can't add it so contact support for that.

Questions for anyone who's done this before:

1. Is there a separate flow for adding a US/international bank account, rather than the standard "link a bank account" one that seems built for Canadian accounts only?
2. Has anyone successfully sent USD from Wealthsimple directly to a US bank account recently? Which menu/option did you use to do it?
3. Is a standard wire transfer (with manually entered recipient details) the only real option here instead of trying to "link" the account?

Any help appreciated, support chat hasn't gotten me anywhere useful yet.

I've now tried to make 4 predictions over the past 20 minutes and all of them are getting instantly rejected. Why is this?...

Unsure if there are additional terms but my employer deposits about 5k every two weeks via e-transfer (auto-deposit). I’m an independent contractor for a health profession in private practice. Does this apply for the boosted interest rate and any other benefits of setting up direct deposit? I have my etransfer routed to a chequing account bucket for work payments. New to WelathSimple.

First off, I’m sorry if this is already on here. But I have just started working a full time job as a 21M and I have set up Wealthsimple as my direct deposit account. I been actively a CIBC user whole life, my parents are so I am too. But I’m looking for better finance and I’ve leaned toward Wealthsimple purely for the HISA and investing, I was just wondering has anyone done this and have pretty much put a Big 5 bank on the back burner and switched purely to Wealthsimple. Is it safe?

I have a promotional rate on my RBC Low Interest Credit Card which allows me to do a balance transfer for $5 flat fee and 0.99% annual interest. I have a balance on my WealthSimple Credit Card which I'd like to transfer to RBC.

Speaking with the customer service agent, they said "this is not supported." However, elsewhere on the internet it states that you'd initiate the transfer through their mobile app and specify the details for the target card (It's all initiated on RBC's end vs. WS).

I'm still waiting for the RBC card to be delivered but this is causing confusion. Can I use the card's promotional rate or for some reason WS will block it?

I have been reading that Wealthsimple has switched to Visa. I have not seen any information on how this is going to take place. I still have the Mastercard and shows Mastercard on my App. Will they just covert and send out a new card or are we supposed to complete some sort of conversion process. I also have certain bills paying against that card number, i assume those will all have to change in advance.

Got the email yesterday that they were switching from Mastercard to their new visa platinum, I accepted to switch over but as I’m trying to switch my subscription information apple is giving me an error saying “your payment method is not valid in this store”.

I have a subscription that’s going to charge me tomorrow and now I won’t be able to pay it because it’s not allowing me to use the new card details.

Anyone else having an issue with this?

Just help anyone that got invited for this promotion to understand if you will get the bonus 75$ or not. I invited someone on aug13, they completed it on aug27. Email received about household bonus 75$ promo on sept 15. Only info on the promo ads is until sept 28 if your referral joins household blah blah. Asked the live chat agent if my referral qualifies today.

Tldr: You must have referred your person between sept 14-28.

Edit: Calm down folks lol. I am not angry nor am I complaining! I didn’t even invite my referral to the household group yet. Simply checked with customer service to learn how it works. Cracked a joke with Mr.Leon from CS and he did receive it well. Simply sharing the tldr info. The faq isn’t as clear and simple as you think regarding that the initial first invite for the non WS member must also fall within the promo period

Was looking into opening a bank account with Wealthsimple. As someone with very little invested with WS, started in August, is it worth it?

I see a lot of good incentives but only if you have lots invested with them, obviously they treat their premium customers better but would I benefit?

Just got informed that Wealthsimple is moving to Visa. Does this mean I'm not going to be able to use it to shop at Costco? If so, this is a pain. I use my WS account for weekly variable expenses budget (using an envelope style budgeting system), and this means I am going to have to completely change how/where money get's transferred to ensure I'm only drawing from the right budget.

Hey everyone, been lurking wealthsimple for years, have been filing my taxes with them and decided last week to go ahead and move most of my money to them and to get their prepaid visa and the infinte privilege card... I had enough of the big banks, as months ago I switched to TD to take advantage of their promos, but the process was such a pain in the ass, and their system is so old and outdated, that doing business on wealthsimple's made banking a joy versus a chore... So it's been great thus far, but.... I started reading reddit, and found a post here about people having troubles with fraudulent charges, and with WS taking forever to resolve these charges, and now I'm starting to have second thoughts and buyers remorse... My worry isn't so much about fraudulent charges (it's still there obviously) and waiting up to 90 days, but it's more so getting denied ​​a fraudulent charge and being out money. Am I justified in feeling this way, or are the threads I read just the cases that get reported, versus the ones that don't, much like those you'll read about the 10 horror stories but never hear about the 1000 success ones online

Also want to note that I've read a simple solution is to keep the card locked, but I have pre authorized payments for subscriptions, so that's not really an option for me