Wealthsimple Chequing

New to Wealthsimple? We'll give you a $25 cash bonus when you open your first Wealthsimple account through this page and fund at least $1 within 30 days*

CHEQUING & SAVINGS:

For everyday spending and saving

Some accounts are good for parking and growing your money, while others are good for avoiding fees and restrictions. Wealthsimple chequing accounts are great for all of those things.

• Interest rates starting at 1.25% (up to 2.25%)²
• No minimums, monthly fees, or overdraft penalties
• No ATM fees or Foreign Transaction (FX) fees^4,5
• Access to 60,000 ATMs across the country
• Third-party ATM fee reimbursements without limits⁴
• Unlimited free Interac e-Transfers^®, bill payments, and debit transaction
• 0.5% interest boost (up to 2.25% total) when you set up eligible direct deposits⁶
• Up to $1 million in CDIC deposit insurance coverage on eligible CAD deposits⁷
• Up to eight individual and eight joint accounts to help organize your money for different goals like vacations, emergency fund, etc.

*This offer is only available to new Wealthsimple clients.

Legal disclaimer

²1.25% interest rate is available to Wealthsimple Core clients; 1.75% interest rate is available to Wealthsimple Premium clients; and 2.25% interest rate is available to Wealthsimple Generation clients. Annualized rate, calculated daily, paid monthly. Subject to change. For more information, visit wsim.co/rates.

⁴While Wealthsimple does not charge additional ATM fees, withdrawals may be subject to a fee charged by ATM providers. Wealthsimple will reimburse Cash clients an unlimited number of ATM fee reimbursement globally. Reimbursements will be made to the account linked to the prepaid card within 4 business days after the ATM transaction settles. For more information, visit wsim.co/atm-reimbursement.

⁵Foreign transaction (FX) fees are surcharges typically applied by financial institutions to foreign currency purchases. Foreign currency transactions are still subject to a currency conversion fee from credit card issuers.

⁶Wealthsimple Core and Premium users who set up automated direct deposits totalling at least CAD $2,000 a month to their Wealthsimple chequing will earn a boosted interest rate of 0.5% (“Boosted Rate”) on top of their current interest rate towards their chequing account balance, up to a maximum of 2.25% total interest rate for CAD Cash accounts. Boosted Rate is an annualized rate, calculated daily, paid monthly, and is subject to change. Must be residents of Canada and age of majority. Max 1 Boosted Rate per eligible client per currency account. Full details at wsim.co/dd-boosted-interest.

⁷For more information about CDIC coverage, visit wsim.co/legal.

Wealthsimple is not responsible for maintaining accuracy of content on this site. Please refer to Wealthsimple's site for the latest product details.