You signed up for Wealthsimple, entered a referral code, deposited $100 — and the $25 bonus hasn't arrived. Or the code showed an error during signup. Either way, this guide covers every reason a Wealthsimple referral code stops working and the exact fix for each scenario.
The Short Answer
The most common reason a Wealthsimple referral code doesn't work is that it was entered after the account was already funded and the 7-day retroactive window had closed. The second most common reason is that the deposit came from within Wealthsimple rather than an external bank account.
The 5 Most Common Reasons
1. You entered the code after the 7-day window closed
Wealthsimple allows you to apply a referral code retroactively, but only if your account was funded within the last 7 days. After 7 days, the window closes permanently and cannot be overridden by support.
Fix: If you funded your account within the last 7 days, open the Wealthsimple app, tap the gift icon at the top of the home screen, go to Rewards Centre, and enter code US0EBW. If it has been more than 7 days since your first deposit, unfortunately the window has closed.
If you haven't funded yet: you can add a referral code at any time before funding your account — there is no deadline for unfunded accounts.
2. Your deposit came from within Wealthsimple
Only external funding events qualify for referral eligibility. Funding originating from within the Wealthsimple ecosystem — including peer-to-peer transfers and Wealthsimple-issued bonuses or promotional credits — does not count toward referral qualification.
Fix: Fund your account with a transfer from an external bank account (via Interac e-Transfer or bank wire from a Canadian financial institution outside Wealthsimple). A transfer from your external chequing or savings account qualifies. A transfer from another Wealthsimple account does not.
3. You deposited less than $100
The Wealthsimple referral bonus requires a minimum deposit of $100 CAD from an external bank account within 30 days of applying the referral code. Depositing $99 or less will not trigger the bonus, even if the code was correctly applied.
Fix: If you deposited less than $100, top up your account to meet the minimum threshold. The 30-day funding window starts from when the referral relationship was established, not from your first deposit.
4. You already used a referral code on this account
Wealthsimple allows only one referral code per account. If a code was previously applied — even if the bonus was never paid out due to an unmet requirement — you cannot apply a second code.
Fix: Contact Wealthsimple support through the app. If a $25 base bonus has not already been paid out, and the referral relationship was established more than 30 days ago on an unfunded account, you may be able to update the referral code. If a bonus has already been paid, the relationship cannot be changed.
5. Your bonus arrived but you didn't notice
The $25 bonus is deposited into your Wealthsimple Chequing account, not your investment account. Many users miss it because they're looking in the wrong place.
Fix: Open the Wealthsimple app and check your Chequing account balance and transaction history. The bonus typically arrives within 24 hours of your qualifying deposit clearing — though it can take up to 7–15 business days in some cases. If it has been more than 15 business days since your qualifying deposit, contact Wealthsimple support.
How to Add the Code Step by Step
If your account is unfunded or was funded within the last 7 days:
- Open the Wealthsimple app on your phone
- Tap the gift icon at the top of the home screen
- Go to Rewards Centre
- Select Enter Referral Code
- Type in US0EBW and confirm
- Deposit $100 or more from an external bank within 30 days
Note: you cannot add a referral code on the Wealthsimple desktop website. The referral code entry is only available in the mobile app.
Eligibility Quick Reference
| Your Situation | Can You Still Get the Bonus? |
|---|---|
| Never signed up for Wealthsimple | ✓ Yes — sign up and use code US0EBW |
| Signed up but never deposited | ✓ Yes — add code anytime then deposit |
| Deposited within the last 7 days | ✓ Yes — add code now via the app |
| Deposited more than 7 days ago | ✗ Window has closed |
| Already used a different referral code | ✗ One code per account |
| Deposited from within Wealthsimple | ✗ External deposit required |
What if None of These Apply?
If you've verified all of the above and your bonus still hasn't arrived after 15 business days, contact Wealthsimple support directly through the app:
- Open the Wealthsimple app
- Tap your profile icon
- Go to Help
- Start a chat with support
Have your referral code, the date you applied it, and your qualifying deposit amount ready. Support can see your referral status and confirm whether the bonus is pending or was not correctly applied.
Does Wealthsimple Have a Promo Code or Coupon Code?
No. Wealthsimple does not offer coupon codes, discount codes, or percentage-off promotions. If you searched for a "Wealthsimple promo code" or "Wealthsimple coupon code" — the referral code is what you're looking for. The current referral code US0EBW gives you $25 cash when you deposit $100. That is the only sign-up offer Wealthsimple runs.
Sites listing "55% off" or "20% off" Wealthsimple coupon codes are fabricating offers that do not exist.
Frequently Asked Questions
My code showed "invalid" during signup. What do I do? Double-check the code is entered exactly as shown: US0EBW. The code is case-sensitive. If the error persists, try completing signup without the code and adding it retroactively via the gift icon in the app within 7 days of your first deposit.
Can I use a referral code on a TFSA or RRSP? Yes — the referral code applies when you open any eligible Wealthsimple account including TFSA, RRSP, FHSA, and non-registered accounts, as long as you fund it with $100 or more from an external bank.
How long does the $25 bonus take to arrive? Typically within 24 hours of your qualifying deposit clearing. In some cases it can take up to 7–15 business days. If it hasn't arrived after 15 business days, contact Wealthsimple support.
Can I stack the referral bonus with other Wealthsimple promotions? Yes — the $25 referral bonus can be stacked with Wealthsimple's separate 1% transfer match promotion for transfers of $25,000 or more from another institution. Sign up with the referral code first to lock in your $25, then separately enroll in the 1% match before initiating your transfer.
What is the current Wealthsimple referral code? The current code is US0EBW, giving you $25 cash when you deposit $100 from an external bank within 30 days of applying the code. Verified June 2026.
🎁 Sign up at Wealthsimple with referral code US0EBW and deposit $100 to claim your $25 bonus.