Wealthsimple's referral program is one of the easiest ways to earn extra cash — you get $25 for every friend who signs up and funds their account, and they get $25 too. Here's how to do it.
How the Wealthsimple Referral Program Works
When you refer a friend to Wealthsimple:
- Your friend signs up using your personal referral code or link
- They deposit at least $100 into any Wealthsimple account within 30 days
- You both receive a $25 cash bonus
There's no limit on how many friends you can refer, so the bonuses can add up quickly.
How to Find Your Wealthsimple Referral Code
- Open the Wealthsimple app on your phone
- Tap the gift icon in the top right corner of the home screen
- Select "Refer a friend"
- Your personal referral code and shareable link will appear here
You can share your code directly from the app via text, email, or any messaging app.
How to Share Your Referral Code
Once you have your code, you can share it a few ways:
- Direct link — Wealthsimple generates a personal link you can send to anyone
- Code only — your friend enters the code manually during sign-up or through the gift icon in the app
- Social media — post your code publicly to reach more people
The most reliable method is sending the direct link — it pre-fills the referral code so your friend doesn't have to type anything.
What Your Friend Needs to Do
For you to receive your $25 bonus, your friend must:
- Sign up for a new Wealthsimple account using your referral code or link
- Complete identity verification
- Deposit at least $100 into any Wealthsimple account within 30 days of signing up
Once their deposit is confirmed, both bonuses are credited within a few business days.
Tips to Maximize Your Referrals
Send the link directly. A personal message converts far better than a social post. Let your friend know what Wealthsimple is and why you use it.
Mention the Monthly Millionaire draw. Every dollar deposited counts as an entry into Wealthsimple's monthly $1 million giveaway — that's a compelling reason for a friend who's on the fence.
Remind them about the 30-day window. Friends sometimes sign up and forget to fund their account. A quick follow-up nudge can make the difference.
Target the right people. Friends who are already saving, investing, or looking to open a TFSA or RRSP are the most likely to follow through.
Don't Have a Wealthsimple Account Yet?
If you're reading this and haven't signed up yourself, use referral code US0EBW to get your own $25 bonus when you deposit $100.
🎁 Not signed up yet? Join at Wealthsimple with code US0EBW and get $25 free when you make your first $100 deposit.