Wealthsimple Cash $25 Sign-up Bonus 2021

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by Enoch Omololu

Updated

Advertiser Disclosure

Wealthsimple Cash is a peer-to-peer payment platform that makes it easy to send and receive money from friends and family.

Think of it as Canada’s alternative to Venmo and Cash App in the U.S.

When you sign up for Wealthsimple Cash using our referral link, you get up to a $25 cash bonus.

Wealthsimple Cash Referral Bonus

New users of Wealthsimple Cash get a referral bonus when they join using a valid referral link or code. To take advantage of this offer, sign up here (includes up to a $25 bonus with promo code WCEYAP).

The cash bonus is applied to your account within 24 hours to 14 days of opening it.

As a Wealthsimple Cash user, you can also earn unlimited referral bonuses. Simply click on the gift button in the top-right corner of the app and share your custom referral link to friends on social media, by text, or email.

When they sign up through your referral link, you both receive $25.

Note that the $50 Wealthsimple Cash bonus is no longer available.

wealthsimple cash referral promo code

What is Wealthsimple Cash?

Wealthsimple Cash is offered by Wealthsimple Payments Inc., a subsidiary of Wealthsimple. It is similar to Venmo and the Cash App by Square in the U.S.

The platform is free to use and has no monthly account fees.

Here’s how it works:

  • Visit the Wealthsimple Cash website here to sign up.
  • Copy the code WCEYAP and use it to get your sign-up bonus.
  • After signing up, you get a unique Dollar $ign that’s your username.
  • Find your recipient from your contacts list. If they are not yet on Wealthsimple Cash, you can easily invite them.
  • Send cash within seconds.

The Wealthsimple Cash Card is currently in beta. You can use it to pay bills online and in-store, earn cash back, and waive foreign currency transaction fees.

Other features of Wealthsimple Cash that are not yet available include ATM withdrawals, direct deposits, and pre-authorized debits.

Related: Best Prepaid Cards in Canada.

Is Wealthsimple Cash Safe?

Deposits in your Wealthsimple Cash and Wealthsimple Save accounts are kept at a Canada Deposit Insurance Corporation member institution.

If the bank becomes insolvent, you are protected up to $100,000.

Wealthsimple Promotions and Promo Codes

In addition to the $25 bonus offer to new Wealthsimple Cash customers, you can also take advantage of the following Wealthsimple promotions:

Wealthsimple Invest: Enjoy automatic investing, portfolio rebalancing, and professional advice when you invest with Canada’s largest robo-advisor. New clients who use our exclusive link get a $75 cash bonus. Learn more about the platform.

Wealthsimple Trade: This platform offers no-commission stock and ETF trading. If you prefer to pick your own stocks, Wealthsimple Trade is an excellent choice. Get a $50 cash bonus when you sign up here.

Wealthsimple Crypto: You can now buy 16 coins on Wealthsimple Crypto, including Bitcoin, Ethereum, Litecoin, and Dogecoin. New users get a $50 cash bonus via this exclusive offer.

Wealthsimple Cash FAQs

Is Wealthsimple Cash like the Cash App?

Yes, Wealthsimple Cash makes it easy to split bills with friends and there is no fee to send or receive money.

How do I get free money on Wealthsimple?

When you sign up for Wealthsimple Cash using the promo code WCEYAP, you get a $10-$25 bonus. You can also get up to $75 when you open a Wealthsimple Invest account.

Is Wealthsimple Cash legit?

Yes, Wealthsimple Cash is legit. Its parent company, Wealthsimple, has more than $10 billion in assets under management and it is backed by some of the largest financial institutions in the world.

How do I use Wealthsimple Cash?

Simply click on the link above to set up your Wealthsimple Cash account, create your profile, fund your Cash account, and you can start sending money or paying for purchases.

Wealthsimple Cash $25 Sign-up Bonus
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Summary

Use our Wealthsimple Cash referral promo code WCEYAP to get a $25 cash bonus when you sign up. You can also share your referral code or link with friends to earn.

Hottest Promotions this month

Free reloadable prepaid card.

Earn 0.50% cash back on all purchases and up to 5% at select partners

Save automatically and earn 1.20% interest on your balance.

Get 3-day early access to $100 of your paycheque when needed.

No monthly fees or obligations.

Free credit scores and reports are updated weekly.

Access to DIY credit monitoring to check for identity fraud.

First Canadian company to offer free credit scores.

Only commission-free stock and ETF trading platform in Canada.

$0 trading commissions on thousands of products.

$50 cash bonus when you fund and trade $100 or more.

Free stock bonuses are available up to $4,500*.

1.25% interest rate on your savings account.

Up to 125x more earnings than other banks.

No monthly account fees; fast and easy online sign-up.

Free and unlimited bill payments and Interac e-Transfers.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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