What bonuses does Wealthsimple currently offer in 2026?

As of July 2026, Wealthsimple offers three main bonuses: the $25 referral bonus (for new clients who deposit $100 using code UHGWMQ), the 1% Match transfer promotion (1-3% cash on transfers of $25,000 or more), and the Monthly Millionaire draw (entries for eligible transfers). All three can be stacked.

Can I stack the Wealthsimple referral bonus with the 1% Match?

Yes. Sign up with referral code UHGWMQ first to lock in your $25 bonus, then separately enroll in the 1% Match promotion before transferring $25,000 or more. Both bonuses apply to the same account.

How much is the Wealthsimple 1% Match bonus?

The 1% Match pays 1% of the transferred amount as cash, paid over 24 monthly instalments. It applies to transfers of $25,000 or more from another institution, up to a maximum of $2,000,000 (max bonus $20,000 at 1%, or $60,000 at the 3% Active Trader rate).

Updated July 2026

Wealthsimple Bonus 2026

Three active promotions — here's what each one pays and how to stack them.

$25 Referral Bonus

New clients only. Deposit $100+ using code UHGWMQ. Paid within 24 hours.

1–3% Transfer Match

Transfer $25,000+ from another institution. Paid over 24 months.

$1M Monthly Millionaire

Monthly prize draw. Entries awarded for eligible transfers.

All 3 Stack Them

All three promotions can apply to the same account. Order matters — see below.

1. Referral Bonus — $25

The fastest bonus to claim. Use code UHGWMQ when signing up, deposit $100 from an external bank, and $25 hits your Wealthsimple chequing account within 24 hours. The referrer also receives $25.

UHGWMQ

wealthsimple.com/invite/UHGWMQ

Requirements: New Wealthsimple account only. $100 minimum deposit from an external source within 30 days. Both parties need a Wealthsimple chequing account.

2. Transfer Match — 1% to 3%

Transfer $25,000 or more from another financial institution (bank, brokerage, RRSP, TFSA, etc.) and Wealthsimple pays a cash match on the transferred amount, paid as 24 equal monthly instalments.

Match Rate	Who Qualifies	Max Bonus
1%	All eligible clients	$20,000
3%	Active Traders (50+ trades/month)	$60,000

Wealthsimple also reimburses transfer-out fees from your old institution, up to $150.

730-day hold: Transferred funds (and the matching bonus) are subject to a 730-day hold. Withdrawing early forfeits the remaining monthly payments.

3. Monthly Millionaire

A monthly prize draw where eligible clients can win $1,000,000. Entries are awarded based on transferred assets — the more you transfer, the more entries you receive (up to 100,000 entries per draw). Check the Wealthsimple app for the current draw window and your entry count.

How to Stack All Three

Order matters. Do it in this sequence to qualify for everything:

Sign up with code UHGWMQ Locks in your $25 referral bonus. Do this before anything else.

Enroll in the 1% Match and Monthly Millionaire In the Wealthsimple app, register for both promotions before initiating your transfer.

Transfer $25,000+ from your existing institution This qualifies for the Transfer Match and earns Monthly Millionaire entries.

Deposit an additional $100 if needed To satisfy the $100 minimum for the referral bonus, if your transfer hasn't settled yet.

Frequently Asked Questions

Can I get the referral bonus and the Transfer Match on the same account?

Yes. Sign up with referral code UHGWMQ first, then enroll in the 1% Match promotion separately before initiating your transfer. Both bonuses apply independently.

What counts as a qualifying transfer for the 1% Match?

Transfers from an external financial institution of $25,000 or more — including RRSPs, TFSAs, FHSAs, non-registered accounts, and self-directed brokerage accounts. Cash deposits from your bank don't count for the Match, but do count for the $25 referral bonus.

When is the Monthly Millionaire draw?

Wealthsimple runs the draw monthly. Check the Rewards Centre in your Wealthsimple app for the exact date of the next draw and your current entry count.

Are Wealthsimple bonuses taxable?

Generally yes — Wealthsimple reports bonuses deposited into registered accounts (RRSP, TFSA) as contributions to the CRA, which could affect your contribution room. Bonuses deposited to your chequing account are treated as income. Consult a tax advisor for your specific situation.

I already have a Wealthsimple account — can I get any of these bonuses?

The $25 referral bonus is for new clients only. However, existing clients can still qualify for the 1% Match (if transferring $25,000+ from another institution) and the Monthly Millionaire draw. Check the Rewards Centre in your app for your eligible offers.

Independent site. Not affiliated with Wealthsimple Inc. Promotion terms subject to change — verify at wealthsimple.com.