Wealthsimple Promo Code 2025: Best Current Promotions & Referral Bonus Guide

If you’ve been poking around looking for Wealthsimple bonuses, you’ve probably noticed two different things floating around: promo codes and referral codes. Are they the same? Can you use both at once? And which one’s actually worth your time?

Let’s clear this up once and for all.

Quick Comparison: Promo Code vs Referral Code

What Is a Wealthsimple Promo Code?

A promo code (sometimes called a promotional code or campaign code) is basically Wealthsimple running a marketing campaign. Here’s the deal with these:

• Run for limited periods (often 4-8 weeks)
• Offer alternative rewards like devices or enhanced cash bonuses
• Typically have higher funding requirements
• Are promoted through official Wealthsimple channels

Examples of Wealthsimple Promotional Campaigns

The Apple Promotion (November-December 2025)

• Reward: Latest iPhone or MacBook
• Requirement: Net funding of $100,000 - $500,000
• Duration: Limited time during holiday season
• Registration: Specific landing page required

Wealthsimple iPhone Promotion vs Referral Bonus

• Reward: Latest iPhone model
• Requirement: Usually $100,000+ deposit
• Target: Mass affluent investors considering a platform switch
• Trade-off: You must maintain $100,000 deposit for upwards of 2 years!

New WealthsimpleClient Referral Code

• Reward: Enhanced cash bonus (sometimes $50+ instead of $25 can go up to $5,000)
• Requirement: Standard funding requirements
• Duration: Short promotional windows
• Holding period: You must maintain bonus deposit for 6 months!There is some flexibility with withdrawal up to 5%.

How Promo Codes Work

1. Visit Wealthsimple’s promotional landing page
2. Register specifically through that campaign
3. Meet the higher funding thresholds
4. Receive the promotional reward instead of standard referral bonus

How to Find Legitimate Wealthsimple Promo Codes

Searching for “Wealthsimple promo code” on Google? Yeah, it can get messy out there. Here’s how to find the real deals and avoid wasting your time:

Official Sources (Always Check First)

1. Wealthsimple’s Promotions Page — The official promotions.wealthsimple.com lists all current campaigns
2. Wealthsimple’s Newsletter — Subscribers often get early access or exclusive promo codes
3. In-App Notifications — Existing users sometimes see targeted promotions within the app

Secondary Sources (Use Caution)

• Reddit (r/PersonalFinanceCanada) — Real user discussions, but verify any codes mentioned
• Financial Blogs — Some may have partnerships, others may be outdated
• Coupon Sites — Often unreliable for financial products; Wealthsimple rarely uses generic coupon codes

Red Flags to Watch For

⚠️ Unrealistic promises — “Get $500 with just $1” (the referral ladder requires higher deposits for bigger bonuses)

⚠️ No official source — If you can’t find the promo on Wealthsimple’s website, it’s likely fake or expired

⚠️ Requests for personal info — Legitimate codes never require you to share information outside Wealthsimple’s platform

The bottom line? For guaranteed, always-available value, referral codes beat promo hunting for most investors.

Wealthsimple Promo Code History: What Worked in 2025

Understanding past promotions helps you anticipate future opportunities and evaluate current offers:

Q4 2025: Holiday Season Promotions

• Apple Promotion (Nov-Dec): iPhone 17 or MacBook for $100K-$500K deposits
• New Client Boost: Enhanced $50 referral bonuses during Black Friday
• Credit Card Referral Challenge: Bonuses for new Wealthsimple card signups

Q2-Q3 2025: Summer Campaigns

• Transfer Bonus Boost: Higher bonuses for RRSP/TFSA transfers from Big Five banks
• Crypto Volume Pricing: Reduced fees for active crypto traders (not technically a promo code, but a promotional offer)

Patterns to Watch

If you’re planning a large transfer, timing it around these promotional windows could maximize your total value. Otherwise, the referral code is available year-round.

What Is a Wealthsimple Referral Code?

A referral code comes from an existing Wealthsimple user and connects you to their account. When you use their code:

• You get a $25+ cash bonus
• They get a corresponding bonus
• The referral ladder can increase both bonuses based on your deposit size

Current Referral Code: 9C6DMQ

👉 Use referral code 9C6DMQ – Get $25 with just a $1 deposit.

How Referral Codes Work

1. Click a referral link or manually enter the code during signup
2. Deposit at least $1 within 30 days
3. Receive your $25 cash bonus within 24 hours
4. Larger deposits automatically qualify for higher bonus tiers

Can You Stack Promo Codes and Referral Codes?

Short answer: no. You can’t double-dip—it’d be nice, but Wealthsimple’s system doesn’t work that way.

When you sign up, you’ve got to pick one path:

• Use a referral link/code, OR
• Register through a promotional landing page

The same money can’t trigger both bonuses. It’s one or the other.

The One Exception: Transfer Fees

Here’s a nice loophole—transfer fee reimbursement isn’t technically a “bonus,” so you can stack it with either option:

So Which Should You Actually Choose?

Go With the Referral Code If:

✅ You’re depositing less than $100,000

• Promo campaigns typically require $100K+ to get device rewards
• The referral code works with just $1

✅ You want guaranteed cash

• Referral bonuses are always cash
• Promo rewards might be devices you don’t need

✅ You don’t want to wait for promotions

• Referral codes are always available
• Promo campaigns come and go

✅ You value simplicity

• Referral process is straightforward
• Promo campaigns sometimes have complex registration requirements

Choose a Promo Code If:

✅ You’re depositing $100,000+

• The math on device promotions starts to make sense at higher amounts

✅ You specifically want the promotional reward

• If you need a new iPhone and were going to buy one anyway, getting it “free” can be worthwhile

✅ You’ve already used a referral code before

• If you’re somehow not eligible for the referral bonus, a promo might be your only option

The Math: When Promo Codes Make Sense

Let’s calculate when choosing a promo over a referral makes financial sense:

Scenario: $100,000 Deposit

Winner: Promo code (if you’ll actually use the iPhone)

Scenario: $150,000 Deposit

Winner: Promo code (still makes sense)

Scenario: $50,000 Deposit

Winner: Referral code (promo requires higher minimum)

Current Promotions vs Referral Code

As of December 2025, here’s how current known promotions stack up:

For most users, the referral code remains the best choice because:

1. No minimum deposit beyond $1
2. Cash is more flexible than devices
3. No need to time a promotional window
4. The referral ladder still offers substantial bonuses for large deposits

Hold Period: The “Hidden” Difference

One of the most critical differences between these two options is how long your money must stay in the account. This is often buried in the fine print but can lock up your funds for years.

Key Takeaway: If you take the iPhone promo, that $100,000+ is effectively “locked” for at least a year. If you need to withdraw it for a down payment or emergency, you will be billed for the full cost of the phone. Referral bonuses typically follow a standard 180-day retention period.

Final Recommendation

For the average Canadian opening a Wealthsimple account:

Use a referral code. Seriously—it’s simpler, it’s always there, and you get cash you can do whatever you want with.

👉 Sign up with referral code 9C6DMQ and get your $25+ bonus.

Now, if you’re moving $100K+ and there happens to be a device promo running that you actually want? Sure, crunch the numbers. But for 95% of Canadians, the referral code wins.

Promo Codes and Wealthsimple Tiers: What to Know

Here’s something worth thinking about—your choice between promo codes and referral codes can also affect which Wealthsimple tier you land in:

How Tiers Work

Strategic Considerations

If you’re close to Premium ($100K): The referral ladder gives you $500 cash at $100K. A promo code might give you an iPhone (~$1,500 value). The promo wins on raw value, but the cash bonus is more flexible.

If you’re targeting Generation ($500K): At this level, the referral ladder pays $1,500 cash. If a MacBook promo is running (~$2,000+ value), the promo might edge out the referral bonus—but only if you actually need a MacBook.

Important: Both promo rewards and referral bonuses are deposited as cash or value to your account, but neither counts as “net deposits” for tier calculation. Your actual deposited funds determine your tier.

👉 Compare Wealthsimple Core vs Premium vs Generation

Real User Experiences: What Canadians Are Actually Saying

We spend way too much time on Reddit and Canadian finance forums. Here’s what real users report about these codes:

On Referral Codes

“Used a referral code, deposited $50K from my TD TFSA, got $200 bonus plus they covered my $150 transfer fee. Total win.” — r/PersonalFinanceCanada user

“The $1 minimum to get $25 is honestly unbeatable. Just do this even if you’re not sure about the platform.” — r/Wealthsimple user

On Promo Codes

“Got the iPhone 17 promo for transferring my $150K RRSP. Took about 6 weeks for the phone to arrive after my transfer settled.” — r/PersonalFinanceCanada user

“Missed the promo deadline by 2 days. Support couldn’t do anything. Should have just used a referral code from the start.” — r/Wealthsimple user

The consensus? Referral codes are reliable and immediate. Promo codes can offer higher value but require timing and higher deposits.

Tax Implications of Promo and Referral Bonuses

A frequently overlooked aspect of both promo and referral rewards:

Cash Bonuses (Referral Codes)

• Deposited to your Wealthsimple Chequing account (not registered accounts)
• Wealthsimple does not issue T4A tax slips for these bonuses
• You may be responsible for reporting the income, depending on your situation

Device Rewards (Promo Codes)

• Generally treated as promotional gifts, not taxable income
• Consult a tax professional if receiving high-value items

Why Bonuses Go to Chequing

If bonuses were deposited to your TFSA or RRSP, they would consume contribution room. By defaulting to the Chequing account, Wealthsimple avoids this complication entirely.

Related Articles

• Wealthsimple Referral Code 2025: Ultimate Guide
• Referral Ladder Challenge: Earn Up to $5,000
• Referral Bonus Terms & Conditions Explained

Frequently Asked Questions

Can I use both a promo code and referral code?

Generally, no. You must choose one entry method when signing up. The same funds cannot trigger both bonuses.

Do promo codes expire?

Yes. Promotional campaigns run for limited periods (typically a few weeks to a few months). Referral codes are always available.

How long do I have to keep my money in Wealthsimple?

This is the most important difference to check. Referral bonuses generally require you to keep your bonus and net deposits in the account for 180 days (6 months). Promo codes for devices (like an iPhone) often require you to maintain your balance for 1 year or even 2 years depending on the specific terms.

Is a Wealthsimple promo code better than a referral code?

For deposits under $100K, the referral code is almost always better (guaranteed cash with just $1 minimum). For deposits over $100K, compare the promo device value to the referral ladder cash bonus.

What’s the best Wealthsimple sign up bonus right now?

For most Canadians, the referral code offering $25-$5,000 in cash (based on deposit size) is the best option. It requires just $1 minimum and is always available.

Can I refer my spouse or partner living at the same address?

Yes. Wealthsimple permits referrals between members of the same household. As long as your spouse or partner is a new client (meaning they have never held a Wealthsimple account before), you can send them your referral link. Once they fund their account, you will both receive the applicable cash bonus.

Can I use a referral code when opening a Corporate Account?

Yes, Corporate accounts are eligible for referral bonuses. If you are opening a new Corporate Managed or Self-Directed account, you can apply a code. Note that Wealthsimple typically deposits referral bonuses into a personal non-registered account (like Wealthsimple Cash) rather than the corporate account itself to simplify tax reporting.

Is there a specific Wealthsimple promo code for students?

Typically, no. Wealthsimple does not offer exclusive “student” codes. However, the standard referral code is ideal for students because it requires only a $1 minimum deposit to trigger the cash bonus. This is much more accessible than seasonal promo codes which often require deposits of $100,000+.

Is there a limit to how many friends I can refer?

No. There is currently no limit to the number of people you can refer to Wealthsimple.

I signed up a while ago but never funded my account. Can I still add a code?

Yes. If your account has remained unfunded. The strict 7-day deadline to add a code only begins after you make your first deposit. Look for the “Add a referral code” button in the gift/rewards section of the app.