Zero-commission trading
Buy and sell Canadian and US stocks and ETFs completely free. No hidden fees, no commissions. What big banks charge $9.95 for, Wealthsimple does for $0.
Updated March 2026
Get $25 free
when
you join Wealthsimplewhen you join
Wealthsimple
Canada's favourite investing app wants to give you $25 in free cash just for signing up and depositing any amount. All you need is a referral code.
Referral code
_Y024Q
How it works
Claim your $25 in 5 easy steps
The whole process takes about 5–10 minutes. Here's exactly what to do to get your Wealthsimple referral bonus.
1
Click the invite link 🔗
Head to wealthsimple.com/invite/_Y024Q. This automatically links your new account to the referral code, so no copy-pasting needed.
2
Create your account 👤
Sign up with your email, verify your identity with a photo ID and a quick selfie. Most people finish in under 5 minutes. Open any eligible account: Self-Directed Investing, Managed, Crypto, or Chequing.
3
Enter code if prompted 🎁
Already signed up without the link? No problem. Tap the 🎁 icon on your Wealthsimple home screen and enter _Y024Q. You have 7 days after your first deposit to add it retroactively.
4
Deposit at least $1 💸
Transfer any amount from your external bank (RBC, TD, BMO, Scotiabank, credit union) within 30 days of signing up. Must be new money from outside Wealthsimple.
5
Collect your $25 🥳
Your $25 cash bonus lands in your Wealthsimple Chequing account within 24 hours of your deposit settling. It goes to Chequing so it doesn't eat into your TFSA or RRSP contribution room.
Why Wealthsimple?
Everything you need to grow your money
Wealthsimple is Canada's largest online brokerage and it's not just for investing. Banking, crypto, tax filing, and retirement planning all live in one beautifully designed app.
Managed (robo) investing
Not sure where to start? Wealthsimple Managed builds you a diversified ETF portfolio based on your risk tolerance and automatically rebalances it. Set it and forget it.
Built-in crypto
Trade Bitcoin, Ethereum, and dozens of other cryptocurrencies in the same app, no separate wallet required. You can even stake eligible assets for extra returns.
High-interest chequing
Earn up to 2.25% interest on your everyday cash, far more than the average big bank savings account. Plus a prepaid Mastercard with 0% foreign transaction fees.
Fractional shares
Invest in expensive stocks like Amazon or Shopify starting at just $1. Fractional shares let you build a diversified portfolio on any budget whatsoever.
$1M CDIC coverage
Your cash deposits are CDIC-insured up to $1,000,000, ten times the $100K protection most big banks offer. Your money is in safe hands.
Free tax filing
Wealthsimple Tax lets millions of Canadians file their returns completely free. It won't disqualify you from the referral bonus either, using Tax alone doesn't count.
Award-winning app
Clean, fast, and genuinely easy to use. Whether you're checking your portfolio or sending an e-transfer, the Wealthsimple app earns top marks from users across Canada.
Instant deposits
Premium and Generation clients get instant deposit access up to certain limits, so no more waiting 3 business days to act on market opportunities when they appear.
Account types
Every Canadian account in one place
Whether you're saving for retirement, your first home, or your child's education, Wealthsimple has the right registered account for you. All of them qualify for the referral bonus.
TFSA
Grow and withdraw tax-free, anytime. Canada's most popular account for everyday wealth-building.
RRSP
Reduce your tax bill today and grow investments tax-deferred until retirement. Great for higher earners.
FHSA
First Home Savings Account. Save up to $40,000 tax-free toward your very first property.
RESP
Save for education and collect the Canada Education Savings Grant, free government money for your kids.
Non-registered
No contribution limits. Trade stocks, ETFs, and more beyond your registered account room.
Corporate
Holding companies and small businesses can invest too, on the same great platform with the same low fees.
How it compares
Wealthsimple vs. the competition
For most Canadians, especially those just getting started, Wealthsimple's combination of $0 commissions, a generous sign-up bonus, and built-in banking makes it the clear choice.
| Feature | Wealthsimple ✦ | Questrade | Big Banks |
|---|---|---|---|
| Stock trading fee | $0 | $4.95–$9.95 | $6.95–$29 |
| Account minimum | $0 | $1,000 | $0–$25,000 |
| $25 sign-up bonus | ✅ Yes | ✗ No | ✗ No |
| Built-in crypto | ✅ Yes | ✗ No | ✗ No |
| High-interest banking | Up to 2.25% | ✗ No | 0.01–0.5% |
| Fractional shares | ✅ Yes | ✗ No | ✗ No |
| CDIC deposit insurance | $1,000,000 | $1,000,000 | $100,000 |
| Free tax filing | ✅ Yes | ✗ No | ✗ No |
In depth
Everything about the Wealthsimple referral code
Got questions? Here's a plain-English breakdown of how the bonus works, who qualifies, and why Wealthsimple is worth it far beyond just the $25.
What exactly is referral code _Y024Q?
It's a unique Wealthsimple invite code that gives brand-new members a $25 CAD cash bonus. Using the direct link wealthsimple.com/invite/_Y024Q automatically applies it, so no copy-pasting required at sign-up.
Once you deposit any qualifying amount from an external bank within 30 days, your $25 arrives in your Wealthsimple Chequing account within 24 hours. No waiting weeks, no complicated requirements.
💡 Forgot to use the link? Enter code _Y024Q retroactively via the 🎁 icon in the Wealthsimple app, up to 7 days after your first deposit.
Who qualifies for the bonus?
You need to be a brand-new Wealthsimple client, meaning someone who has never before opened or funded a Self-Directed Investing, Crypto, Managed, or Chequing account with Wealthsimple.
Good news for Wealthsimple Tax users: Filing your taxes with Wealthsimple Tax does NOT disqualify you. The "new client" rule only applies to investment and banking products, not the tax filer.
You must be a legal Canadian resident and the age of majority in your province. Quebec and non-Quebec residents are generally both eligible.
Why does my bonus go to Chequing?
This is actually a really smart design choice. If Wealthsimple deposited your $25 into a TFSA or RRSP, it would permanently count as a contribution and eat into your registered account room.
By depositing to Chequing, you get the full $25 with zero impact on your registered account limits. If you don't have a Chequing account yet, Wealthsimple gives you time to open one. It's free and takes about 2 minutes.
📈 Your $25 starts earning Wealthsimple's high-interest rate the moment it lands in your Chequing account.
Is Wealthsimple safe?
Absolutely. Wealthsimple is Canada's largest online brokerage, regulated by the Canadian Investment Regulatory Organization (CIRO). Investment accounts are protected by the CIPF up to $1 million per category.
Cash in Chequing is CDIC-insured up to $1,000,000, ten times what most big banks offer. Wealthsimple also uses 256-bit encryption, two-factor authentication, and biometric login. Millions of Canadians trust it with their retirement savings.
Does the $1 minimum deposit really work?
Yes, you need just $1 from an external bank account to trigger your $25 bonus. "External" means from outside the Wealthsimple ecosystem. A transfer from RBC, TD, Scotiabank, BMO, or any Canadian credit union works perfectly.
Internal Wealthsimple transfers or Wealthsimple bonus funds do not count as qualifying deposits.
⏱️ Bank transfers take 2–3 business days to settle. Don't wait until day 29. Initiate your deposit early to make sure it clears in time!
Wealthsimple tiers explained
All new users start at Core, completely free, with full access to every Wealthsimple product and your referral bonus included.
Premium ($100K+ in assets): Higher interest rate on Chequing, lower FX conversion fees, priority support. Generation ($500K+): Maximum 2.25% interest rate, dedicated financial advisor access.
The Household feature lets two people at the same address combine their balances to hit a higher tier together. Complete privacy is maintained and neither can see the other's individual balances.
FAQ
Your questions, answered
Here are the most common questions from Canadians looking to claim the Wealthsimple sign-up bonus or understand how the referral program works.
The Wealthsimple referral code for a $25 bonus in 2026 is _Y024Q. Sign up at wealthsimple.com/invite/_Y024Q or enter the code manually during registration. After depositing any qualifying amount from an external bank within 30 days, your $25 lands in your Chequing account within 24 hours.
Wealthsimple doesn't use traditional "promo codes" or "coupon codes." Referral codes are how new users access bonuses. Code _Y024Q gives you the full $25 welcome bonus. There's no secret code that offers more, this is the best deal available to new users.
Yes! If your account is still unfunded, you can add code _Y024Q anytime. If you've already made your first deposit, you have a 7-day window to apply it retroactively. Open the app, tap the 🎁 gift icon on your home screen, and enter the code. After 7 days from your first deposit, it can no longer be applied.
Nope! Wealthsimple specifically deposits referral bonuses into your Chequing account to avoid any impact on TFSA or RRSP contribution limits. If the $25 went into a registered account, it would count as a contribution permanently. Going to Chequing means you get the full benefit with zero registered account implications.
In most cases your $25 arrives within 24 hours of your qualifying deposit settling. Since bank transfers from external institutions take 2–3 business days to clear, the total timeline from initiating a transfer to receiving the bonus is typically 3–4 days.
Yes! Wealthsimple's "new client" definition for referral purposes excludes the Tax product. If you've only ever used Wealthsimple Tax to file your returns and have never opened an investing or Chequing account, you're a new client and can claim the full $25 with code _Y024Q.
Yes, most Wealthsimple products and this referral promotion are available to Quebec residents. Some limited-time promotions may have Quebec exclusions, but the standard referral program with code _Y024Q is generally open to Canadians in all provinces and territories. Confirm current terms at promotions.wealthsimple.com.
Wealthsimple does not issue a tax slip for referral bonuses. Most users receiving a one-time $25 don't report it separately, but tax obligations vary by situation and province. If you're earning substantial referral income, consult a qualified accountant. This page doesn't constitute tax advice.
Ready to claim
your free $25?
Join over 3 million Canadians on Wealthsimple and pocket your welcome bonus while you're at it. Commission-free investing, high-interest banking, and crypto, all in one app.
Use code: _Y024Q
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