How to Refer Friends to Wealthsimple (And Both Earn $25)

The Wealthsimple referral program is one of the easiest ways to earn free cash in Canada. Use referral code US0EBW when you sign up and deposit $100, and you’ll receive $25 cash deposited directly to your account within 24 hours. Then, once you’re a member, share your own referral code and earn another $25 for every friend who signs up.

How the Wealthsimple Referral Program Works

Wealthsimple’s referral program is a two-way bonus. When a new user signs up using a valid referral code and makes a qualifying deposit, both the new user and the person who referred them each receive $25 cash — automatically, with no redemption process required. The bonus is deposited to your Wealthsimple Chequing account within 24 hours of your deposit clearing.

Step-by-Step: How to Use Referral Code US0EBW

1. Click the referral link or enter code US0EBW. Click here to open Wealthsimple with the code pre-applied, or enter US0EBW manually in the referral field during sign-up.
2. Create your account. Enter your email, create a password, and fill in your personal details. Most people complete this in under 5 minutes.
3. Choose your account type. A TFSA is the best starting point for most Canadians — any returns you earn are completely tax-free. You can also open an RRSP, FHSA, Cash account, or non-registered account.
4. Verify your identity. Upload a government-issued photo ID. This is required by Canadian regulations and typically takes less than 5 minutes.
5. Deposit at least $100 from an external bank account within 30 days of signing up. The deposit must come from outside Wealthsimple.
6. Receive your $25 bonus. The cash is deposited to your Wealthsimple Chequing account within 24 hours of your deposit clearing.

Forgot to enter the code? No problem — you have a 7-day grace window after your first deposit to add the code retroactively. Open the Wealthsimple app, tap the 🎁 icon in the top right, select “I was referred by someone,” and enter US0EBW.

How to Share Your Own Referral Code After Joining

Once you’re a Wealthsimple member, you have your own referral code to share — and you earn $25 for every friend who signs up and deposits $100. There’s no limit to how many people you can refer, meaning the referral program can keep paying you as long as you keep sharing.

Here’s how to find and share your referral code:

1. Open the Wealthsimple app on your phone.
2. Tap the 🎁 gift icon in the top right corner of the main screen.
3. Your personal referral link and code will be displayed — tap to copy or share directly to WhatsApp, iMessage, email, or social media.
4. When your friend signs up using your link and deposits $100, you both get $25.

The more friends, family members, or coworkers you refer, the more you earn. Many Wealthsimple users have earned hundreds of dollars simply by sharing their code with people who were already interested in investing.

Stack the Referral Bonus With Other Wealthsimple Promotions

The $25 referral bonus is just the start. Wealthsimple regularly runs additional promotions that can be stacked on top of the referral bonus — meaning you can claim both at the same time on the same account.

Transfer Match Promotion

If you’re moving a portfolio from another institution — a big bank brokerage, a mutual fund, or another investment platform — Wealthsimple may offer a 1% or 3% cash match on the transferred amount. For example, transferring $50,000 at a 1% match earns you $500 on top of your $25 referral bonus.

To check if you qualify, open the Wealthsimple app and tap the 🎁 icon. Any active promotions you’re eligible for will appear there. Register for the promotion before completing your transfer to make sure it applies.

Important: Complete the Referral First

If you’re planning to stack both bonuses, complete the referral step before registering for any transfer promotions. Sign up using code US0EBW, make your initial $100 deposit to trigger the referral bonus, then register for the transfer promotion and bring over your larger portfolio.

Frequently Asked Questions

Is there a minimum deposit to get the referral bonus?

Yes — you need to deposit at least $100 from an external bank account within 30 days of signing up. The deposit must come from outside Wealthsimple. There’s no maximum, and there’s no account minimum beyond that.

When does the $25 arrive?

The bonus is deposited to your Wealthsimple Chequing account within 24 hours of your qualifying deposit clearing. Some users see it arrive even faster.

Can I still get the bonus if I already signed up?

If you signed up recently without a referral code, you have a 7-day grace window after your first deposit to add the code retroactively. Go to the 🎁 icon in the app, tap “I was referred by someone,” and enter US0EBW.

Is there a limit to how many people I can refer?

No — there’s no cap on the number of friends you can refer. Every person who signs up using your code and deposits $100 earns you another $25.

Can I refer someone who already has a Wealthsimple account?

No — the referral bonus only applies to new Wealthsimple users who are opening their first account. Existing members are not eligible for the referral sign-up bonus.

Why Wealthsimple Is Worth Signing Up For

Beyond the referral bonus, Wealthsimple is genuinely one of the best financial platforms available to Canadians. Here’s what makes it stand out:

• $0 commission trading — buy and sell stocks and ETFs with no trading fees, on both Canadian and U.S. markets.
• No account minimum — start with as little as $1, with fractional shares available so you can invest in any stock at any price.
• Wealthsimple Cash — a hybrid chequing and savings account with a competitive interest rate, no monthly fees, and a Visa card included.
• Robo-advisor — Wealthsimple Invest automatically builds and manages a diversified ETF portfolio for you at just 0.4%–0.5% per year.
• TFSA, RRSP, and FHSA accounts — all registered account types available in one app, with tax-sheltered growth.
• CIPF protection — investments are protected up to $1 million per account category if Wealthsimple becomes insolvent.

Ready to Claim Your $25?

Signing up takes about 10 minutes. Use referral code US0EBW or click the button below, deposit $100, and your $25 bonus lands within 24 hours. Then share your own code and keep earning.

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Disclaimer: This post contains referral links. We may earn a commission if you sign up through our link, at no extra cost to you. Wealthsimple promotion terms are subject to change — always verify current details in the Wealthsimple app. This content is for informational purposes only and does not constitute financial advice.