Wealthsimple's referral program is one of the easier ways to pick up some extra cash. You get $25 for every friend who signs up and funds their account, and they get $25 too. Here's how to actually do it.
How the referral program works
When you refer a friend:
- 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 get a $25 cash bonus
There's no cap on how many friends you can refer, so this can add up fast if you know a few people looking to open an account.
How to find your 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 code and shareable link show up right there
You can share it straight from the app via text, email, or whatever messaging app you use.
How to share it
A few ways to get your code out there:
- Direct link — Wealthsimple generates a personal link you can send to anyone
- Code only — your friend types it in manually during sign-up or through the app's gift icon
- Social media — post it publicly if you want to reach more people
The direct link tends to work best since it pre-fills the code for your friend, so they don't have to type anything.
What your friend actually needs to do
For your $25 to land, your friend needs to:
- Sign up for a new account using your code or link
- Complete identity verification
- Deposit at least $100 into any Wealthsimple account within 30 days of signing up
Once their deposit clears, both bonuses show up within a few business days.
A few tips to get more referrals to convert
Send the link directly. A personal message beats a social post every time. Tell your friend what Wealthsimple actually is and why you use it.
Mention the Monthly Millionaire draw. Every dollar deposited counts as an entry into the monthly $1 million giveaway, which can be a nice extra reason for someone on the fence.
Remind them about the 30-day window. People sign up and then just forget to fund the account. A quick follow-up nudge often does the trick.
Target the right people. Friends who are already saving, investing, or thinking about a TFSA or RRSP tend to follow through more often.
🎁 Haven't signed up yourself yet? Join Wealthsimple with code US0EBW and get $25 when you make your first $100 deposit.
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