Wealthsimple referral code vs promo code vs invite code

Search for a Wealthsimple bonus and you'll see three terms used almost interchangeably: referral code, invite code and promo code. That creates confusion, especially when different sites promise different amounts. Here is what each term actually means and which one gets you the sign-up bonus.

The three terms in one list

1. Referral code: a personal code belonging to an existing Wealthsimple client. It's the term used in the official referral terms.
2. Invite code: the same personal code, as the Wealthsimple app labels it when clients invite friends. The invite link carries the code for you.
3. Promo code: a general term people search for. In practice it almost always points to a referral code. Official Wealthsimple promotions exist occasionally, but they usually don't use a public code.

What the referral code gives you

At the time of last verification, using a referral code when you open your first eligible Wealthsimple account gives you $25 cash and the referrer $25. To qualify, you fund the new account with $100 or more from outside Wealthsimple within 30 days. The bonus lands in your Wealthsimple Chequing account, usually within 24 hours of qualifying funding being processed, and must stay there for 180 days.

Every personal referral code gives the same standard reward. There is no "better" code. The only differences between referral sites are how clearly they explain the rules and whether their information is current.

Referral link vs typing the code

The referral link (https://wealthsimple.com/invite/LUML7A) and the code LUML7A do the same job. The link is simply more reliable because it applies the code automatically. If you type the code manually, enter it during signup, or in the app's Rewards Centre within 7 days of your first funding. After that window, it's generally too late. Our guide to adding a code after signup covers that case.

What about official Wealthsimple promotions?

Wealthsimple sometimes runs time-limited promotions, for example matching a percentage of deposits or transfers into certain accounts. These are separate from the referral program, have their own eligibility rules and end dates, and are announced on wealthsimple.com. Whether a promotion combines with a referral depends on that promotion's own terms. This site doesn't track them, so always check the official site.

Be cautious of pages promising unusually large "promo code" amounts. They're often out of date, describe a promotion that has ended, or confuse a transfer match with the referral bonus.

Which one should you use?

If you're opening your first Wealthsimple account and want the standard sign-up bonus, you need a referral code, and the invite link is the easiest way to apply it. You only need one. You can't stack multiple referral codes, and cross-referrals between two people are not allowed.

Before you sign up, skim the plain-English rules and, if something goes wrong later, use the bonus not received checklist. The site owner receives a reward if you qualify through code LUML7A; it costs you nothing, but you should know about it.