Does Wealthsimple have any promotions in 2026?

Yes. As of July 2026, Wealthsimple has four active promotions: (1) $25 referral bonus — new clients who use code UHGWMQ and deposit $100+ get $25 cash. (2) 1% Transfer Match — clients who transfer $25,000+ from another institution earn 1-3% cash paid over 24 months. (3) Monthly Millionaire — a monthly $1,000,000 prize draw with entries awarded for transfers. (4) Payroll Deposit Bonus — targeted offers for clients who set up direct deposit to their Wealthsimple account. Not all promotions are available to all clients; check the Rewards Centre in your app.

What is the current Wealthsimple promotion for new clients?

The current Wealthsimple promotion for new clients is the referral bonus: use code UHGWMQ at signup (or within 7 days of your first deposit), deposit $100 or more from an external bank account, and receive $25 cash in your Wealthsimple chequing account within 24 hours.

Can I stack Wealthsimple promotions?

Yes. The $25 referral bonus, the 1% Transfer Match, and the Monthly Millionaire draw can all apply to the same account. Sign up with code UHGWMQ first, then enroll in the 1% Match before initiating your transfer. See our full stacking guide for the correct order.

Where do I find Wealthsimple promotions?

Check the Rewards Centre in your Wealthsimple app (tap the gift icon on the Home screen) for promotions available to your specific account. The official Wealthsimple promotions page is at promotions.wealthsimple.com. This site (wealthsimplepromocode.com) tracks current referral codes and public promotions and is updated monthly.

What happened to the Wealthsimple New Client Referral Boost Promotion?

The Wealthsimple New Client Referral Boost Promotion (which offered a higher-than-standard referral bonus) is closed as of 2026. The current active referral promotion offers $25 to both the new client and the referrer. Use code UHGWMQ to claim the current $25 bonus.

Wealthsimple Promotions 2026 — Every Active Offer Right Now

Four active promotions, one verified referral code. Here's what each pays and who qualifies.

$25 Referral Bonus

New clients. Use code UHGWMQ + deposit $100+. Active.

1–3% Transfer Match

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

$1M Monthly Millionaire

Monthly prize draw. Entries awarded for eligible transfers. Active.

Varies Payroll Bonus

Targeted offer for direct deposit setup. Check your app.

Promotion 1: Referral Bonus — $25 Cash

Status: Active as of July 2026

The Wealthsimple referral bonus gives new clients $25 cash when they sign up using a referral code and make a qualifying deposit. The person who referred them also receives $25.

Detail	Requirement
Who qualifies	New Wealthsimple clients who have never funded an account
Code to use	UHGWMQ
Minimum deposit	$100 from an external bank (not internal Wealthsimple transfers)
Deposit window	Within 30 days of entering the code
Retroactive window	Within 7 days of your first deposit if you forgot to enter the code
Where bonus is paid	Wealthsimple chequing account (must be open)
When bonus arrives	Within 24 hours of deposit settling

UHGWMQ

Or use the direct link: wealthsimple.com/invite/UHGWMQ

Promotion 2: 1% Transfer Match

Status: Active as of July 2026

Transfer $25,000 or more from another Canadian financial institution and Wealthsimple pays you a percentage of the transferred amount as cash — paid as 24 equal monthly instalments over two years.

Client Type	Match Rate	Example: $100,000 Transfer	Max Bonus
Standard client	1%	$1,000 paid over 24 months	$20,000
Active Trader (50+ trades/month)	3%	$3,000 paid over 24 months	$60,000

730-day hold requirement: Funds transferred under this promotion must remain in your Wealthsimple account for 730 days (2 years). Withdrawing early cancels your remaining monthly payments. Wealthsimple also reimburses transfer-out fees from your old institution, up to $150.

Promotion 3: Monthly Millionaire Draw

Status: Active — August 2026 draw open

A monthly $1,000,000 cash prize draw open to eligible Wealthsimple clients. Entries are awarded based on transferred assets — the more you transfer, the more draw entries you receive (up to 100,000 entries per draw).

To check your entry count and the current draw date, tap the gift icon in the Wealthsimple app and go to Rewards Centre. This promotion stacks with the 1% Transfer Match and the referral bonus.

Promotion 4: Payroll Deposit Bonus

Status: Targeted — check your Rewards Centre

Wealthsimple periodically offers a cash bonus to clients who set up direct deposit (payroll) to their Wealthsimple chequing account. This is a targeted offer — not all accounts are eligible. To check if you have an active payroll deposit promotion, open the Wealthsimple app → gift icon → Rewards Centre.

If you do have this offer, the typical requirement is to set up your employer's payroll to deposit to your Wealthsimple account and receive at least one qualifying payroll deposit within a set window.

What's No Longer Active

Promotion	Status
New Client Referral Boost (higher than $25 referral bonus)	Closed
Summer 2025 transfer promotion	Expired
TFSA transfer bonus (separate from 1% Match)	Expired

How to Stack All Active Promotions

If you're a new client transferring a large amount, you can claim the referral bonus, 1% Match, and Monthly Millionaire draw simultaneously — but order matters:

Sign up with code UHGWMQ Lock in the $25 referral bonus before doing anything else.

Enroll in the 1% Match in the app Before initiating any transfer, register for the promotion in the Rewards Centre.

Register for the Monthly Millionaire draw Also in the Rewards Centre — takes about 30 seconds.

Transfer $25,000+ from your old institution This triggers the 1% Match and earns draw entries. If needed, separately deposit $100+ from your bank to trigger the referral bonus.

Frequently Asked Questions

Does Wealthsimple have any promotions for existing clients?

Yes — existing clients can access the 1% Transfer Match (for $25,000+ transfers from other institutions), the Monthly Millionaire draw, and the Payroll Deposit Bonus if targeted. The $25 referral bonus is for new clients only, but existing clients earn $25 for each person they successfully refer.

Is there a Wealthsimple summer promotion in 2026?

There is no separate "summer promotion" from Wealthsimple as of July 2026. The active promotions are the $25 referral bonus (code UHGWMQ), the 1% Transfer Match, and the Monthly Millionaire draw. Check the Rewards Centre in your app for any account-specific summer offers.

Is there a Wealthsimple TFSA transfer promotion in 2026?

There is no separate TFSA-specific transfer promotion as of July 2026. However, TFSA transfers from other institutions do qualify for the 1% Transfer Match promotion if the transfer is $25,000 or more. Check the Rewards Centre in your Wealthsimple app for current eligibility.

Where do I check my current Wealthsimple promotions?

In the Wealthsimple app: tap the gift icon (top-right of Home screen) to open the Rewards Centre. This shows all promotions available to your specific account, your current progress, and any expiry dates. The official page is also at promotions.wealthsimple.com.

Independent site. Not affiliated with Wealthsimple Inc. Promotion details may change — verify at promotions.wealthsimple.com. → Back to all articles