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*/** Terms and conditions apply.
Card Type | Prepaid |
Reward Type | None |
Finly Rating | 2.4/5 |
Institution | Wealthsimple |
Annual Fee | $0 |
Additional Card Fee | $0 |
Interest Rates | Purchase: N/A Cash Advance: N/A |
Credit Score Estimate | Poor |
Annual Income | Personal: N/A Household: N/A |
Welcome Bonus | $25 Exclusive bonus through FinlyWealth (min $1 funding required) |
Description | $25 Exclusive bonus through FinlyWealth for new Wealthsimple customers (minimum of $1 funding required) |

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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 reimbursements. Reimbursements will be made to the account linked to the prepaid Mastercard 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.
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