Forgot to enter a referral code when you created your Wealthsimple account? You're not alone — it's one of the most common questions new users have. The good news is that Wealthsimple lets you add a referral code after signing up, as long as you act quickly.
This guide walks you through exactly how to do it, what the time limit is, and what to watch out for so you don't miss out on your $25 bonus.
Can You Add a Referral Code After Signing Up?
Yes — but only under two conditions:
- Your account is less than 30 days old
- You have not yet made a deposit
Once either of those conditions is no longer true, the referral code window closes permanently. If you deposited money before adding the code, the bonus cannot be applied retroactively and Wealthsimple support cannot manually add it.
So if you're reading this right after signing up and haven't funded your account yet — you're in good shape. Follow the steps below right now before you forget again.
Step-by-Step: How to Enter a Referral Code After Sign-Up
Wealthsimple has a built-in flow for this in their mobile app. Here's how to find it:
Step 1: Open the Wealthsimple app
Make sure you're logged in to the account you just created. The referral code entry is only available in the mobile app — you cannot add it through the Wealthsimple website on desktop.
Step 2: Tap the gift icon
Look for a small gift box icon in the top right corner of the home screen. It's easy to miss if you haven't noticed it before. Tap it to open the referral section.
Step 3: Select "I was referred by someone"
You'll see two options — one for sharing your own referral code with friends, and one for entering a code you received. Tap "I was referred by someone" (sometimes shown as "Enter a referral code" depending on your app version).
Step 4: Type in the referral code
Enter US0EBW in the code field. Double-check that it's entered correctly — the code is case-sensitive and must be typed exactly as shown. Tap confirm or submit.
Step 5: You're done
Wealthsimple will confirm the code has been applied. The $25 bonus will be credited to your account automatically once you deposit a minimum of $100.
What If I Can't Find the Gift Icon?
If the gift icon isn't visible on your home screen, try these:
- Update the app. An outdated version of the Wealthsimple app may not show the gift icon. Go to the App Store or Google Play and update to the latest version.
- Check your notifications. Wealthsimple sometimes sends a push notification or in-app message prompting new users to enter a referral code. Check your notification centre.
- Log out and back in. Occasionally a fresh login refreshes the home screen and makes the icon appear.
- Contact Wealthsimple support. If none of the above work and your account is still within 30 days and unfunded, reach out to Wealthsimple support via the in-app chat. They can confirm whether the option is available on your account.
What Happens If You Already Made a Deposit?
Unfortunately, if you've already funded your account — even with a small amount — the referral code window is closed and the bonus cannot be applied. This is a firm policy and Wealthsimple support will not be able to override it.
This is why it's important to enter the code before your first deposit. If you wired money or made an Interac e-Transfer that is still pending, check whether it has actually cleared before assuming the window is closed. A pending transfer that hasn't settled yet may mean you still have time.
The 30-Day Deadline Explained
The 30-day clock starts from the date you created your Wealthsimple account — not from when you verified your identity or made your first login. So even if you signed up and then forgot about the app for three weeks, you may be running out of time.
Here's a quick reference:
| Situation | Can You Still Enter the Code? |
|---|---|
| Signed up today, no deposit yet | ✅ Yes — enter it now |
| Signed up 2 weeks ago, no deposit | ✅ Yes — but act quickly |
| Signed up 25+ days ago, no deposit | ⚠️ Yes — but you have days left |
| Signed up over 30 days ago | ❌ No — window has closed |
| Made a deposit already | ❌ No — window has closed |
| Deposit pending but not cleared | ✅ Likely yes — check with support |
How Much Is the Bonus Worth?
Using referral code US0EBW gets you a $25 cash bonus when you deposit a minimum of $100 into any Wealthsimple account. The $25 is deposited directly into your Wealthsimple Cash account — no hoops to jump through.
To put that in perspective: a $25 bonus on a $100 deposit is an instant 25% return before your money has even been invested. It's one of the best sign-up bonuses currently available from a Canadian fintech.
Stacking the Referral Bonus With Other Promotions
The referral bonus is stackable with other Wealthsimple promotions currently running:
Deposit match bonus: Wealthsimple is offering a 1–3% cash match on TFSA and RRSP transfers of $25,000 or more. If you plan to transfer a larger registered account, you can earn both the referral bonus and the transfer match at the same time.
Monthly Millionaire: Every dollar deposited into a Wealthsimple account counts as one entry into a monthly $1 million prize draw. Deposits you make to qualify for the referral bonus count as entries too.
These promotions change frequently — check the Wealthsimple app for whatever is currently active when you sign up.
Why Wealthsimple Requires a Code Before the First Deposit
This is a common frustration for new users. The reason Wealthsimple links the referral code to the pre-deposit window is to prevent abuse — specifically, someone creating multiple accounts after the fact to claim multiple bonuses or retroactively attributing deposits to referrals they weren't actually referred through.
It's a standard policy across most Canadian fintech referral programs. Neo Financial, Shakepay, and NDAX all operate similar rules. The difference with Wealthsimple is that they do at least provide the post-signup grace window via the gift icon, which is more generous than some competitors who only allow the code at the exact moment of account creation.
Frequently Asked Questions
Can I enter the code on desktop instead of the app? No — the referral code entry via the gift icon is only available in the Wealthsimple mobile app. The desktop web version does not have this feature.
What if I entered the wrong code? Contact Wealthsimple support immediately via in-app chat. If your account is still within the 30-day window and unfunded, they may be able to correct it. There are no guarantees, so act fast.
Does the person who referred me also get a bonus? Yes — when you successfully use a referral code and deposit $100, the person who shared the code also receives a $25 bonus in their Wealthsimple account. It's a mutual benefit.
Is the $25 bonus available as cash I can withdraw? The $25 is deposited into your Wealthsimple Cash account. You can transfer it to your bank account just like any other balance, though it may be subject to a short holding period.
What if I signed up a long time ago and never used the app? If your account is more than 30 days old, the referral code option is no longer available. Your best option at that point is to simply refer a friend — you'll earn a bonus when they sign up and deposit, which is effectively the same value.
If you haven't entered your code yet, do it now before you forget. Open the Wealthsimple app, tap the gift icon, and enter US0EBW to lock in your $25 bonus. Then fund your account with $100 and the bonus is yours.