Wealthsimple 1% Match 2026: How Much You Get for Moving $25K to $2M

Wealthsimple's 2026 1% Match can pay $250 on a $25,000 qualifying transfer and up to $20,000 on $2 million. The bonus arrives in 24 equal monthly payments, so a $100,000 transfer produces $1,000 in total, paid at about $41.67 per month.

Wealthsimple is a great, reliable Canadian platform for people who want banking and investing in one clean app. Its Chequing account has no monthly account fee. Other products, including managed investing, US-dollar services, options and crypto, can still have fees.

How the Wealthsimple 1% Match works

1. Register first: Use the invitation in your Wealthsimple app, web account or from a Wealthsimple representative.
2. Initiate qualifying transfers within 30 days: Transfers started before registration do not count.
3. Transfer at least $25,000: Multiple eligible account transfers can combine to reach the minimum.
4. Wait for settlement: Transfers can arrive up to 90 days after the 30-day qualification period ends.
5. Receive 24 monthly payments: Wealthsimple pays the 1% bonus to a Chequing account in equal installments.

The promotion covers up to $2 million of cumulative qualifying funding, creating a maximum $20,000 bonus. The calculation uses the market value when Wealthsimple receives the transfer, net of withdrawals, transferred margin debit balances and applicable fees.

Concrete 1% match examples

The monthly schedule matters. A $500,000 transfer earns $5,000 in total, but the normal payment is about $208.33 per month. Do not budget as if Wealthsimple will deposit the full match at once.

Which transfers qualify?

Eligible funding consists of account transfers from another Canadian investment institution into Wealthsimple Self-directed Investing, Managed Investing or Crypto accounts. Examples include an existing TFSA, RRSP, non-registered investment account, margin account or supported crypto transfer.

• The transfer must be initiated during the 30-day qualification period.
• Combined eligible transfers must total at least $25,000.
• The assets must arrive within 90 days after the qualification period ends.
• US-dollar transfers use the market value and exchange rate when Wealthsimple receives them.

What does not qualify?

• Cash deposits from a bank account.
• Interac e-Transfers.
• Deposits from Wealthsimple Chequing.
• Transfers between your own Wealthsimple accounts.
• Wealthsimple for Business Group Plan transfers and deposits.

Starting a transfer before registration is another common failure point. Wealthsimple states that pre-registration transfers do not qualify, even if the assets arrive during the funding window.

The 730-day hold and 20% withdrawal buffer

The hold period lasts 730 days after the end of the qualification period. Wealthsimple measures your existing account balance plus the qualifying net funding. You can remove up to 20% of the net funding amount without reducing future payments, subject to the full terms.

If withdrawals exceed the available amount and you do not restore the required balance before the next payment date, Wealthsimple can reduce future monthly payments in proportion to the assets left. Later deposits do not restore the original payment, and missed bonus amounts are not repaid.

Certain transactions receive specific treatment, including bill payments, pre-authorized debits, eligible Home Buyers' Plan or FHSA home-purchase withdrawals, mandatory LIF or RRIF withdrawals and listed borrowing transactions. Read the terms before assuming a withdrawal is exempt.

You need a Wealthsimple Chequing account

Wealthsimple pays the monthly match into a Chequing account where you are the primary owner. If you do not have an eligible Chequing account when a payment is ready, Wealthsimple gives you notice to open one. Unclaimed bonuses expire if you do not choose an account within 90 days of qualifying.

Transfer-fee reimbursement

Your old institution may charge a transfer-out fee. Wealthsimple says it will reimburse one transfer-out fee per account when the qualifying transfer from that account is at least $25,000. A household moving several small accounts should check each account against the reimbursement rule.

Taxes and investment risk

Wealthsimple states that bonuses may be taxable and clients handle their own tax reporting. It says it will not issue a tax slip for bonuses paid to a non-registered account. Ask an accountant if the amount is material or your account setup is complex.

The promotion does not protect an investment from losses. A $1,000 match on a $100,000 transfer equals 1% over two years, while the portfolio can move by much more. Choose the account, investments and risk level first, then count the match as an extra.

Can the 1% Match combine with another Wealthsimple offer?

The official terms list exceptions that can combine, including the Wealthsimple Monthly Millionaire contest, Referral Promotion, Mortgage Cash Back Offer, Direct Deposit Incentive and Super Boost Referral Promotion. Other active promotions may not combine.

Read Canooq's Monthly Millionaire guide before treating contest entries as part of the guaranteed match.

Who should consider the 1% Match?

• Investors already planning to consolidate at least $25,000 at Wealthsimple.
• Clients who can keep the required balance for 730 days.
• Households that value app-based investing and understand the available account types.
• Investors whose transfer fees, tax position and holdings make an in-kind move practical.

Who should skip or delay the transfer?

• Anyone who needs the money during the two-year hold period.
• Investors who would sell assets or create taxes only to chase the bonus.
• Clients who need products, advice or service Wealthsimple does not provide.
• Anyone who has not compared trading, management, currency and fund costs.

A clean way to claim the promotion

1. Open or review your Wealthsimple account and confirm the products fit.
2. Register for the 1% Match before starting any transfer.
3. List each account, its value, transfer fee, tax wrapper and transfer method.
4. Initiate the transfers inside the 30-day window.
5. Track settlement and confirm the final net qualifying amount.
6. Keep the balance and monthly payments on a two-year calendar.