Forgot to enter a referral code when you signed up for Wealthsimple? Good news — you may still be able to apply one after the fact. Wealthsimple does allow referral codes to be entered post-signup, but there are time limits and the window closes quickly.
Here's exactly how it works.
The Short Answer
You can enter a referral code after signing up as long as you funded your account within the last 7 days. If it's been longer than that, you'll need to contact Wealthsimple support — and they can't guarantee they'll be able to apply it.
How to Enter a Referral Code in the Wealthsimple App
If you're within the 7-day window, here's how to apply the code:
- Log in to the Wealthsimple app
- Tap the gift icon in the top right corner of the Home page
- Tap the Invite friends tab
- Tap Enter referral code
- Enter your 6-digit referral code — for example, US0EBW
- You'll see a confirmation page saying "Referral code applied"
Once confirmed, your 30-day funding period begins immediately for the referral bonus promotion.
You can also do this on the web — log in at wealthsimple.com, navigate to the Rewards Centre, and look for the same Invite friends tab.
Tip: If the "Enter referral code" option doesn't appear, a code has already been applied to your account.
What Counts as Qualifying Funding?
To earn the $25 bonus, you need to deposit a minimum of $100 from an external source within 30 days of entering your referral code. The deposit must come from outside Wealthsimple — an external bank account, a transfer from another investment institution, or a crypto transfer from an external wallet.
The following do not count toward the $100 minimum:
- Transfers between your own Wealthsimple accounts
- Peer-to-peer transfers within Wealthsimple
- Wealthsimple-issued bonuses or promotional credits
Eligible account types include Wealthsimple Trade, Crypto, Managed Investing, and Chequing.
When Does the Bonus Pay Out?
Both you and the person whose code you used each receive a $25 cash bonus, deposited directly to your Wealthsimple chequing accounts within 24 hours of your first eligible deposit. Note that both parties need an open Wealthsimple chequing account for the bonus to be paid out.
What If You Already Funded Before Entering a Code?
If your first deposit happened within the last 7 days, the in-app option will be available and your 30-day funding window is backdated to 7 days before the code was entered.
If your first deposit happened more than 7 days ago, the in-app option won't appear. Contact Wealthsimple support through the app (profile icon → Help → Contact Us) and ask them to establish the referral relationship manually.
Wealthsimple is clear that if it's been more than 30 days since you funded without a referral in place, support cannot guarantee they can apply it. So reach out as soon as possible if you're in this situation.
What If You Haven't Signed Up Yet?
If you haven't created your account yet, skip all of this and just use the referral code US0EBW during sign-up — it's the easiest path and ensures the code is applied automatically with no extra steps.
Claim your $25 Wealthsimple referral bonus
The requirement is depositing at least $100 into an eligible account within 30 days. The bonus lands in your chequing account within 24 hours of that deposit clearing.
Looking for other Canadian sign-up bonuses? Browse all current referral codes — including investing, banking, and crypto.