Wealthsimple referral codeLUML7A

The minimum is $100 in funds from outside Wealthsimple, deposited within 30 days of opening your account, at the time of last verification. The money can come from an outside bank account or a transfer from another financial institution. Money moved from other Wealthsimple users or Wealthsimple credits does not count toward the minimum.

Yes. Moving an account in from another Canadian bank or brokerage counts as outside funding, as long as at least $100 arrives within the 30-day window. Institutional transfers can take several days, so start early. Wealthsimple may also reimburse transfer-out fees for single-account transfers of $25,000 or more, subject to their terms.

No. Peer-to-peer transfers from other Wealthsimple clients do not count toward the $100 minimum. Neither do Wealthsimple bonuses, credits, or deposits from Wealthsimple affiliates. The qualifying money must come from outside Wealthsimple, such as your own bank account at another institution or an account transfer.

According to the official terms, the bonus is usually paid within 24 hours of your qualifying funding being processed. Processing itself can take a few business days for bank deposits and longer for account transfers. If nothing arrives after that, check the Rewards Centre and our bonus-not-received checklist before contacting Wealthsimple.

The referral bonus is deposited into your Wealthsimple Chequing account. If you don't have one yet, you need to open it: the terms give you 90 days to do so, or the bonus is forfeited. Opening Chequing is free and only takes a few minutes in the app.

Yes. The bonus is paid only into Wealthsimple Chequing. You can qualify by funding a different eligible account, such as a TFSA in Self-directed investing, but you still need a Chequing account for the payment. If none exists within 90 days, the bonus is forfeited under the official terms.

No, not without risk. The terms require the bonus to stay in your account for 180 days. If you withdraw it earlier, Wealthsimple may take the bonus back. You can keep using your account normally; just make sure your balance doesn't drop below the bonus amount during the hold period.

No. Having only a Wealthsimple Tax account does not make you ineligible. The referral offer is for people who have never opened a Wealthsimple Trade, Crypto, Managed or Chequing account. If you've only filed taxes with Wealthsimple Tax, you can still use a referral code on your first investing or chequing account.

Only the primary account holder can register a referral on joint accounts, RESPs, and spousal RRSPs. A secondary holder on a joint account cannot use a referral code for that account. If you're the secondary holder, you would need to open your own individual account to qualify.

No. Cross-referrals are not allowed: if someone referred you, you cannot refer them back. Only new clients can be referred, so the person using code LUML7A must be opening their first eligible Wealthsimple account. Wealthsimple can reverse bonuses that break these rules.

There may be tax implications. Wealthsimple does not issue a tax slip for bonuses paid into non-registered accounts, but that doesn't settle whether the amount is taxable for you. Because individual situations differ, consult a qualified tax professional or the Canada Revenue Agency for advice about your own return.

Personal referral codes like LUML7A don't have a published expiry date, but the offer attached to them can change or end whenever Wealthsimple decides. That's why this site shows a "last verified" date. Always confirm the current reward amount and rules in the official terms before you sign up.

The most common reasons are: funds came from another Wealthsimple user; the deposit was under $100 or outside the 30-day window; no Chequing account exists; the code wasn't applied; or you had a Wealthsimple account before. Our bonus-not-received checklist covers each case and when to contact Wealthsimple support.

Canadian residents who have reached the age of majority in their province or territory and are opening their first eligible Wealthsimple account can use a referral code. You must be the primary account holder and fund the account with money from outside Wealthsimple. Existing clients can't be referred again.

No. Using code LUML7A costs you nothing and doesn't change your fees or account features. Be aware that the referrer, the owner of this site, also receives a reward if you qualify. That is a financial incentive and a conflict of interest, which is why this site links to the official terms for every rule.

No. This is an independent, personal referral site. It is not affiliated with, endorsed by, sponsored by, or operated by Wealthsimple Technologies Inc. Wealthsimple is a trademark of Wealthsimple Technologies Inc., used here for identification only. Always rely on Wealthsimple's official terms and help centre.