What Was the "Referral Boost" Promotion?
At various points, Wealthsimple ran a "New Client Referral Boost Promotion" that offered a higher-than-standard bonus for new clients — larger than the typical $25 per referral. If you've seen this advertised somewhere, it's likely referring to one of those limited-time campaigns.
As of July 2026, the New Client Referral Boost Promotion is closed. Wealthsimple's own promotions page confirms: "Wealthsimple New Client Referral Boost Promotion 2026 (CLOSED)."
What the Current Referral Bonus Is
The standard Wealthsimple referral program offers $25 to both the new client and the referrer. It's a simple, always-available promotion with no expiry date.
Current code — verified July 2026
| Requirement | Detail |
|---|---|
| Who qualifies | New clients only — never previously funded an account |
| Minimum deposit | $100 from an external bank |
| Deposit deadline | Within 30 days of entering the code |
| Bonus amount | $25 cash to both parties |
| Where it's paid | Wealthsimple chequing account (must have one open) |
| When it arrives | Within 24 hours of deposit settling |
How to Actually Earn $1,500+ From Wealthsimple
If your goal is to earn significantly more than $25, the 1% Transfer Match is the only current Wealthsimple promotion that can get you there. Here's the math:
| Transfer Amount | Rate | Total Bonus | Monthly Payment |
|---|---|---|---|
| $25,000 | 1% | $250 | ~$10.42/month |
| $50,000 | 1% | $500 | ~$20.83/month |
| $100,000 | 1% | $1,000 | ~$41.67/month |
| $150,000 | 1% | $1,500 | ~$62.50/month |
| $200,000 | 1% | $2,000 | ~$83.33/month |
| $50,000 | 3% (Active Trader) | $1,500 | ~$62.50/month |
| $100,000 | 3% (Active Trader) | $3,000 | ~$125/month |
The bonus is paid as 24 equal monthly instalments. A $150,000 transfer at 1% gives you $62.50/month for two years — $1,500 total.
Can You Stack the $25 Referral and the 1% Match?
Yes — if you're a new client, you can claim both simultaneously. The order matters:
- Sign up using code UHGWMQ first — locks in the $25 referral bonus
- Enroll in the 1% Match in the app before initiating any transfer
- Transfer $25,000+ from your existing institution
- Both the $25 and the 1% Match bonuses apply
For a new client transferring $150,000, total earnings: $1,525 ($25 referral + $1,500 transfer match).
What About Earning $1,500 Through Referrals?
There's no cap on the number of people you can refer. At $25 per successful referral, you'd need 60 successful referrals to reach $1,500. This is theoretically possible — if you share your code widely via Reddit, social media, or a website — but requires significant effort. Most people find the 1% Match a faster path to four-figure bonuses if they have the assets to transfer.
Frequently Asked Questions
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