Wealthsimple Cash Referral Code (May 2022): $25 Signup Bonus

February 14, 2022
Blog
Wealthsimple Crypto

Wealthsimple Cash is an interesting product for online banking; It’s part of a bigger family formed by Wealthsimple Trade, Crypto, Invest, and Tax. Wealthsimple Cash has great domestic fees and great security; however, it’s a product that is still very much in development.

Wealthsimple Cash has a referral program for new users: you will receive a $25 sign-up bonus and your referral link by using my referral link (or our referral code YOREOYSTER). The bonus will be credited to your Cash account within 24 hours, and you can share your referral link to earn an additional $25 for each friend who signs up.

How To Use Your Wealthsimple Cash Referral Code

Wealthsimple Cash has a referral program for new users. When you sign up using our referral link, you will receive a $25 bonus when you open your account deposited immediately to your Wealthsimple Cash account. You will also receive your referral link, which you can use to refer friends and earn an additional $25.

If one of your friends signed up for Wealthsimple Cash already but forgot to use your referral link, they have up to 30 days after creating their account to add your link manually.

To use the promo code:

  • From your phone, visit the Wealthsimple Cash website and download the app from either the App Store or the Play Store.
  • Fill in some of your basic information.
  • Fund your account. 

What Is Wealthsimple Cash?

Wealthsimple Cash is an interesting product when it comes to online banking, with Wealthsimple Cash you can send and receive money easily, and it’s part of a bigger family of financial solutions formed by Wealthsimple Trade, Crypto, Invest, and Tax, with Cash being the newest addition to the family.

Wealthsimple Cash has great domestic fees and great security; however, it’s a product that is still very much in development. Here’s our Wealthsimple Cash review.

Wealthsimple Cash Features

Some of the best Wealthsimple Cash banking features are:

  • No monthly fees.
  • No inactivity fees.
  • This online bank also benefits from not charging for ATM withdrawals, nor the delivery or replacement of its card, which are nice features to have.
  • The online bank also supports free Interac e-Transfers whenever receiving or sending money.
  • Instant spending notifications. 
  • The app is compatible with Apple Pay and Google Pay.

Wealthsimple Cash Fees

Wealthsimple Cash doesn’t charge any monthly fees or inactivity fees for use, and sending money is free, too.

How To Sign Up With Wealthsimple Cash

#1 Visit Wealthsimple Cash‘s website and download the app from either the App Store or the Play Store.

#2 Fill in your basic information: name, email, phone number, and address.

#3 Confirm your citizenship. Keep in mind that Wealthsimple is only available for Canadian citizens living in Canada.

#4 Fund your account to start sending and receiving payments.

Wealthsimple Cash’s Referral Program

After creating your Wealthsimple Cash account, you will receive your referral code. You can find it by clicking the gift box icon at the top. Whenever one of your referrals signs up, you will both receive a $25 bonus deposited directly to your Cash accounts.

  • You can share your code via text, email, or your social media audience.
  • There’s no limit to how many people you can invite.
  • If your referee forgot to use your referral code, they have up to 30 days after they create their account to enter your referral link manually and still receive the bonus.

Is Wealthsimple Cash Safe & Legit?

All funds held in any Wealthsimple Cash account are regulated, protected and insured for up to $100,000 by the CDIC.

Wealthsimple cash also lets users configure its sign-in process with biometric login authentication, which is nice to have, too.

Introducing Neo Financial: Canada’s #1 Online Bank

I recently broke down 10+ of Canada’s most popular online banks, and Neo Financial came out ahead of everyone else. It scored so well because it excels on what I believe are the four most important factors when choosing a bank: mobile app functionality, fees, security, and customer support.

Here’s how Neo performs in each of those areas, and why I believe it’s the best online bank in Canada.

#1 The Best Mobile App 

Neo’s app is the highest-ranking mobile app out of the Canadian online banks we reviewed. In the Apple App Store, it has a rating of 4.8/5 and in the Google Play Store, it has a ranking of 4.5/5

From the app you can toggle features such as Auto-Pay, to set up recurrent payments in local and foreign currencies, Real-Time Spending Insights, to track where your money is going, and Cashback Rewards on most everyday purchases. 

#2 Lowest Fees And Best Savings

Neo’s fees are among the lowest of any online bank: $0 monthly fees, $0 maintenance fees, and a low 2.5% on foreign spending. And those savings can add up quickly: on top of their base 1.55% interest rate, Neo offers the three other rewards users are always looking for: cashback rewards, partner discounts, and competitive interest rates.

Neo offers three plans, Essential, Plus and Max. Starting at $0, $4.99, and $9.99, you can get up to 6% cashback at partner stores and 1% at non-partners; and discounts can go as high as 15% on average.

#3 Bank-Level Security

Neo is partnered with Concentra Bank, an institution that’s regulated by the CDIC, which means that all of Neo’s eligible deposits are insured in the same way for up to $100,000.

Aside from that, Neo also offers the distinct features of letting users freeze/unfreeze their cards at any moment they wish and resetting their PINs from the app. Users can also set up biometric authentication for signing in, which makes using Neo both quicker and safer.

#4 Excellent Customer Support

Neo’s support chat, email, and phone support are always available and ready to answer. When we contacted them, their responses were quick, informed and thoughtful. The only time I ran into an issue with Neo, they had it sorted out within a matter of minutes. If you need to get in contact with Neo to ask them some of your own queries, you can do so through the following channels:

  • Phone support: 1-855-636-2265
  • Email: support@neofinancial.com

Conclusion

Wealthsimple Cash is an interesting product for online banking; It’s part of a bigger family formed by Wealthsimple Trade, Crypto, Invest, and Tax. Wealthsimple Cash has great domestic fees and great security; however, it’s a product that is still very much in development.

Wealthsimple Cash has a referral program for new users: you will receive a $25 sign-up bonus and your referral link by using our referral link. The bonus will be credited to your Cash account within 24 hours, and you can share your referral link to earn an additional $25 for each friend who signs up.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

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