Can you 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 initiating a transfer of $25,000 or more. Both bonuses apply independently to the same account.

What order should I do Wealthsimple bonuses in?

The correct order is: (1) Sign up with referral code UHGWMQ, (2) Open a Wealthsimple chequing account, (3) Enroll in the 1% Match and Monthly Millionaire in the Rewards Centre, (4) Initiate your transfer of $25,000 or more from an external institution, (5) Make a separate $100 deposit if needed to trigger the referral bonus.

What is the maximum Wealthsimple 1% Match bonus?

The 1% Match applies to transfers up to $2,000,000, for a maximum bonus of $20,000 at 1% (or $60,000 at the 3% Active Trader rate for clients with 50+ trades per month). The bonus is paid over 24 monthly instalments.

How to Stack Every Wealthsimple Bonus in 2026 (Referral + 1% Match + Millionaire)

Q: Does the $100 referral deposit count toward the $25,000 minimum for the 1% Match?

No. The $100 deposit for the referral bonus and the $25,000+ transfer for the 1% Match are separate. The 1% Match requires a transfer from another financial institution of $25,000 or more — a $100 bank deposit does not count toward that threshold.

Three active promotions. All can be combined. The order matters — here's how to claim all three without missing out.

The Three Active Bonuses

$25 Referral — Code UHGWMQ

New clients deposit $100+ from an external bank. Paid within 24 hours.

1–3% Transfer Match

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

$1M Monthly Millionaire

Monthly draw. Entries earned from eligible transfers.

All 3 Stackable

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

Why Order Matters

Wealthsimple's promotions are independent of each other, but the sequence in which you sign up, deposit, and enroll determines whether you qualify for all three or only one. The biggest mistake people make is initiating a large transfer before enrolling in the 1% Match or entering a referral code. Once money moves, you can't retroactively apply promotions to that transfer.

The Correct Order

Sign up using referral code UHGWMQ Go to wealthsimple.com/invite/UHGWMQ. This locks in your $25 referral bonus before anything else. Do this first — before any deposit or transfer.

Open a Wealthsimple chequing account Required for the $25 to be paid. Free, no minimum balance, takes about two minutes in the app. Both you and the referrer need one.

Enroll in the 1% Match and Monthly Millionaire In the Wealthsimple app, go to Rewards Centre and register for both promotions before initiating any transfer. You must be enrolled before the transfer — not after.

Initiate your $25,000+ transfer from an external institution This qualifies for the 1% Match and earns Monthly Millionaire entries. The transfer must come from outside Wealthsimple — a bank, brokerage, RRSP, TFSA, etc.

Make a separate $100 deposit from your external bank (if needed) If your main transfer hasn't settled yet and you want to trigger the $25 referral bonus sooner, a separate $100 bank transfer counts toward the referral minimum independently.

What You Can Earn

Bonus	Amount	When Paid
Referral (UHGWMQ)	$25	Within 24 hours of first $100 deposit settling
1% Match (on $25,000)	$250	Over 24 monthly instalments (~$10.40/month)
1% Match (on $100,000)	$1,000	Over 24 monthly instalments (~$41.67/month)
Monthly Millionaire	Up to $1,000,000	Monthly draw

730-day hold: Funds transferred under the 1% Match promotion are subject to a 730-day hold. Withdrawing before that period forfeits the remaining monthly payments. The $25 referral bonus has no hold requirement.

What Not To Do

Don't transfer $25,000+ before enrolling in the 1% Match — it won't apply retroactively
Don't use an internal Wealthsimple transfer for the $100 referral deposit — it must come from an external bank
Don't skip opening a chequing account — the $25 referral bonus cannot be paid without it
Don't wait more than 7 days after your first deposit to enter a referral code — the retroactive window closes

UHGWMQ

Enter this first — before any deposit or transfer

Frequently Asked Questions

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

Yes. They are separate promotions. Sign up with UHGWMQ first for the $25 referral bonus, then enroll in the 1% Match before initiating your transfer. Both apply to the same account independently.

Does the $100 referral deposit count toward the $25,000 minimum for the 1% Match?

No. These are separate thresholds. The 1% Match requires a transfer of $25,000 or more from another financial institution. A $100 bank deposit for the referral bonus is counted separately and does not contribute to the $25,000 minimum.

What if I already made my big transfer — can I still use the referral code?

Yes, as long as your first deposit was within the last 7 days and you haven't previously funded a Wealthsimple account. Enter UHGWMQ via the gift icon → Invite Friends → Enter referral code. If your deposit was more than 7 days ago, the referral code window has closed.

Is there a maximum to the 1% Match bonus?

The 1% Match applies to transfers up to $2,000,000. For most clients, that's a maximum bonus of $20,000. Active Traders (50+ trades per month) qualify for a 3% match instead, up to $60,000. The bonus is paid over 24 months, not as a lump sum.

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