Wealthsimple Referral Link: How It Works

A Wealthsimple referral link is a personal link (wealthsimple.com/invite/XXXXXX) that a Wealthsimple client shares with someone new. When a new client signs up through the link and makes a qualifying deposit, both sides get $25. The bonus is not instant, not unconditional, and not free to withdraw on day one — the three conditions below decide whether it pays out at all.

The deal at a glance

	Referrer (sharer)	Friend (new client)
Gets	$25	$25
Condition	Holds $100+ in net deposits when the friend funds, account in good standing	New client, Canadian resident, $100+ external net deposit within 30 days of signing up
Paid to	Chequing account	Chequing account
When	Within 24 hours of the qualifying deposit	Within 24 hours of the qualifying deposit

Amounts and terms can change at any time — recheck Wealthsimple's current referral terms before you rely on them.

How it works, step by step

The sharer finds their link. In the Wealthsimple app, tap the gift icon, then Invite friends. On desktop, the gift icon is at the bottom left of my.wealthsimple.com.
The friend signs up through the link. The friend must be a new Wealthsimple client and a Canadian resident, and must apply through the link itself — or, if they funded first, apply the code in the app within 7 days of first funding (funding from up to 7 days before the code entry can count).
The friend funds $100+ from outside. Within 30 days of signing up, the friend makes an external net deposit of $100 or more. Trading is not the condition; the deposit is.
The referrer must hold $100+ at that moment. The referrer needs $100+ in net deposits sitting in their account when the friend funds, and their account must be in good standing. If the referrer withdrew everything the week before, the referral does not qualify.
Both sides get $25. The bonus lands in each person's Chequing account within 24 hours of the qualifying deposit.

Where the $25 lands

The bonus is paid to a Chequing account, not to an investment account. If the friend (or referrer) has no Chequing account, they have 90 days to open one — after that window, the bonus expires. If you are the friend, open Chequing before or right after funding so the payout has somewhere to go.

The 180-day hold: read this before you withdraw

The bonus comes with a 180-day hold: the bonus amount must stay in the account for 180 days, or Wealthsimple can claw it back. In practice, do not fund $100, collect $25, and withdraw everything the next week — that is exactly the pattern the hold exists to catch. Treat the $100 deposit and the $25 bonus as parked for six months.

Who qualifies and who doesn't

New client only. An existing Wealthsimple client signing up a second account through a link does not qualify.
Canadian residents only. The friend must be a Canadian resident.
No mutual referrals. Two people cannot refer each other and both collect — each referral pays once per side, and mutual referrals do not work.
No cap on referrals. There is no stated limit on how many people one referrer can refer; each qualifying referral pays $25 per side.

Before you share: a 30-second checklist

☐ Your account holds $100+ in net deposits right now (and will still hold it when your friend funds).
☐ Your friend is a new client and a Canadian resident.
☐ Your friend will sign up through your link, not by searching for Wealthsimple separately.
☐ Your friend can fund $100+ from an external account within 30 days.
☐ You both have (or will open within 90 days) a Chequing account for the payout.
☐ You both know about the 180-day hold before withdrawing.

FAQ

Does the friend need to trade, or just deposit?

Just deposit. The qualifying condition is a $100+ external net deposit within 30 days; no trade is required.

Can two people refer each other?

No. Mutual referrals do not qualify.

What happens if the friend withdraws early?

The 180-day hold applies to the bonus: withdraw the bonus inside 180 days and Wealthsimple can claw it back.

How long until the bonus lands?

Within 24 hours of the qualifying deposit, paid to Chequing.

Find a link

If you do not have a link yet, the live Wealthsimple wall lists user-submitted referral links with their terms: open the Wealthsimple wall. Links there are user-submitted and not verified — the terms above are what to check before you use one. For the mechanics of sharing a referral link without looking like spam, see how to share a referral code. Back to the MuseRefer home page.

Related guides

This site is not affiliated with Wealthsimple. Reward amounts and terms follow Wealthsimple's own referral terms and can change; the figures above were checked against the official terms on 2026-10-27. The wall link itself is user-submitted and not verified.