Current promotion: New clients who sign up using code UHGWMQ and deposit $100+ from an external bank get $25 cash — paid to both you and the person who referred you, within 24 hours of your deposit settling.
UHGWMQ
Use at signup — verified July 2026
What the Wealthsimple New Account Promotion Gives You
Opening a new Wealthsimple account with a referral code unlocks a $25 cash bonus. This is not a credit, not points, and not a discount — it's actual cash deposited directly into your Wealthsimple chequing account.
| What you get | Detail |
|---|---|
| Bonus amount | $25 cash (real money, fully withdrawable) |
| Where it's deposited | Wealthsimple chequing account |
| When it arrives | Within 24 hours of your first deposit settling |
| Minimum hold period | None for the $25 bonus itself |
| Who else benefits | The person who shared the code also gets $25 |
Do You Qualify?
| Your situation | Eligible? |
|---|---|
| Never had a Wealthsimple account before | Yes — fully eligible |
| Have a Wealthsimple account but never deposited | Yes — enter the code before your first deposit |
| First deposit made within the last 7 days | Yes — enter the code in the app now |
| First deposit made more than 7 days ago | No — retroactive window has closed |
| Previously funded a Wealthsimple account | No — new clients only |
| Not a Canadian resident | No — Canada only |
How to Open a New Account and Claim the $25
1
Go to the referral link
Visit wealthsimple.com/invite/UHGWMQ — code UHGWMQ is pre-applied automatically. Or go to wealthsimple.com and manually enter UHGWMQ when prompted during signup.
2
Complete identity verification
Wealthsimple will ask for your SIN, date of birth, and a government ID. This is a regulatory requirement for all Canadian investment platforms.
3
Open a Wealthsimple chequing account
Required — the $25 bonus is paid here regardless of which other account type you open. It's free, has no minimum balance, and takes about two minutes.
4
Connect your bank and deposit $100+
Transfer at least $100 from your external bank (not from inside Wealthsimple) within 30 days of entering the code. This triggers the bonus.
5
Receive $25 within 24 hours of deposit settling
Bank transfers take 2–5 business days to settle. Once settled, the $25 arrives automatically with a push notification.
Which Account Type Should You Open?
The $25 new account bonus works regardless of which account you open first. The best choice depends on your goal:
| Goal | Best Account Type |
|---|---|
| Tax-free investing (Canadian residents) | TFSA |
| Retirement savings with a tax deduction | RRSP |
| First home savings (first-time buyers) | FHSA |
| Self-directed stock and ETF trading | Wealthsimple Trade |
| Hands-off investing | Managed Investing |
| Just want the $25 with no other goal yet | Chequing account (deposit $100 here directly) |
Reminder: No matter which account you open, you still need a separate Wealthsimple chequing account open for the $25 to be paid. Open it at the same time — it's free and instantaneous.
What If You Want More Than $25?
If you're also moving $25,000 or more from another institution, you can stack the referral bonus with Wealthsimple's 1% Transfer Match. Sign up with code UHGWMQ first, then enroll in the 1% Match before initiating your transfer. A new client moving $100,000 can earn: $25 (referral) + $1,000 (1% of $100k) = $1,025 total.
Frequently Asked Questions
Is there a Wealthsimple promotion for opening an RRSP?
The $25 referral bonus (code UHGWMQ) applies when you open any Wealthsimple account type, including an RRSP. There's no separate RRSP-specific signup bonus. If you're transferring an existing RRSP from another institution ($25,000+), you may also qualify for the 1% Transfer Match.
Is there a Wealthsimple promotion for opening a TFSA?
Same as the RRSP — the $25 referral bonus applies when you open a new TFSA on Wealthsimple. Use code UHGWMQ, deposit $100+ from your bank, and get $25. If you're transferring an existing TFSA from another institution ($25,000+), you may qualify for the 1% Match as well.
Do I have to open a specific Wealthsimple account to get the bonus?
No — the $25 works across all Wealthsimple account types (Trade, TFSA, RRSP, FHSA, Crypto, Managed, Chequing). The only account you must have open is the chequing account, because that's where the $25 is paid. You can open it at the same time as any other account.
What if I already started a Wealthsimple application but didn't finish it?
If you started an application but never funded the account, you're still considered a new client. Log back in, enter UHGWMQ via the gift icon in the app, complete your application, and make your first $100 deposit from an external bank to trigger the bonus.
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