10 things you can’t do with your bank, but can with @Wealthsimple 👇
1. Send a $50,000 Interac e-Transfer
2. Buy a car with Apple Pay and earn 2% cash back
3. Borrow up to 35% of your TFSA instantly and repay anytime
4. Get a chance to win $1,000,000 every month
5. Send money in 10 currencies
6. Get ATM fees reimbursed worldwide
7. Send physical cheques from your phone
8. Auto-invest your paycheque into crypto with 0% trading fees
9. Direct index entire markets and automatically tax-loss harvest
10. Deposit spare change into your chequing account at any Canada Post
Most of these didn’t exist 6 months ago. Product team is moving at an unreal pace 🏎️
Most chequing accounts pay you nothing, charge you fees, and make you drive to a branch. We built something different.
@Wealthsimple Chequing pays 2.25% interest, charges $0 in monthly fees, reimburses ATM fees worldwide, and lets you deposit cash at any Canada Post location.
But we didn't stop there. We asked: what if a chequing account didn't just delight you - what if it could actually change your life?
That was the idea behind Monthly Millionaire. Every month, we give one Wealthsimple client $1 million. You earn entries by saving so even if you don't win, you're still building better financial habits.
This is what the future of banking looks like. We're just getting started!
Today we’re launching Zero: an alternative to university.
Until now, going to university was how to enter a career. But the world has changed and universities can’t keep up. Graduates spend 4+ years in school, yet aren’t job-ready and leave with debt 💰 .
In Zero, you learn through immersive scenarios based on real jobs, and use the same workflows modern teams use. We reverse engineered our curriculums from what hiring managers look for.
Once you’re ready, we match you with roles and get you hired.
Join our beta ➡️ link in comments.
cc: @zero_university
Today we held our third @Wealthsimple Presents in Calgary 🇨🇦
Some context: 4mm clients, $150B in assets. We're shipping faster than ever before.
Here's some of my favorite announcements.
Wealthsimple just launched a USD chequing account that works on both sides of the border. One account, two currencies, no conversion racket. Canadian banks had years to build this. They built fees instead. Now Wealthsimple has it. Good luck.
Today we held our third @Wealthsimple Presents in Calgary 🇨🇦
Some context: 4mm clients, $150B in assets. We're shipping faster than ever before.
Here's some of my favorite announcements.
I AM IN CALGARY FOR WEALTHSIMPLE PRESENTS 🇨🇦🇨🇦🇨🇦
SOME OF THE ANNOUNCEMENTS FROM TODAY
💰FIRST: THEY JUST CROSSED $150B IN ASSETS
👨👩👧 KIDS & TEENS ACCOUNTS — CHEQUING + SPEND CARD WITH PARENTAL CONTROLS. PARENTS CAN SET A CUSTOM INTEREST RATE TO REWARD SAVING.
🤝 AUTHORIZED TRADERS — TRADE ON BEHALF OF A PARTNER OR FAMILY MEMBER.
💼 BUSINESS CHEQUING — OPEN ONLINE IN MINUTES, EARN 2.25% INTEREST, AUTO-TRANSFERS TO PAY YOURSELF.
📊 BUSINESS PORTFOLIO LINE OF CREDIT — BORROW AGAINST CORPORATE INVESTMENTS AT 3.95%. NO NEED TO SELL.
💵 USD CHEQUING — ONE ACCOUNT THAT WORKS IN BOTH CURRENCIES.
🏠 HOUSEHOLDS — VIEW & MANAGE ALL YOUR ACCOUNTS IN ONE PLACE (CHEQUING, INVESTMENTS, MORTGAGES).
🎰 OH AND THEY’RE GIVING AWAY $1 MILLION EVERY MONTH TO A DIFFERENT CANADIAN TO ENCOURAGE SAVING.
$125B in assets, +71% yoy growth, another record quarter for @Wealthsimple 🚀
We are the fastest-growing FI in Canada, and we're now getting more net deposits per quarter than most of the big 5 banks 🔥
Thank you, #wealthsimple. A friend of mine needed a car.. as for most canadians, they needed a loan. Car loan at dealer, 8.5% ..wealthsimple 4.45% .
Not advice, just stating facts.
May 21 at 2pm ET.
Your everyday life.
Your family life.
Your business life.
We’re taking over. Including all the places big banks wouldn’t even think of. Register for Wealthsimple Presents: https://t.co/dmuozXUF0W
Hello Smart Cashtags.
Starting today, any ticker tapped on @X routes Canadian investors straight to Wealthsimple to trade. One tap from conversation to order entry. That's it.
@mert@Wealthsimple Multi-chain support for USDC, ETH, and other assets is coming early next year. Agreed that the current experience is lacking.
And yes, we can help recover certain assets sent to the wrong network so let me flag to our team to assist. Can you please DM me?
Big news: We've announced an equity round of up to $750M at a $10B valuation! Co-led by Dragoneer and GIC, with incredible new and returning investors chosen for their proven track record scaling category leaders.
Together, we’re ready to keep building the future of financial services, accelerating our growth to deliver more value to our clients. Learn more: https://t.co/Tt0ZhLBNYq
Yesterday @Wealthsimple announced $100B in client assets and launched a bunch of new investing features
- $0 commission options
- Volume-based crypto pricing as low as 5 bps
- Direct indexing
- Physically-backed gold, including self custody
Coming soon
- Level 3 options
- Norbert’s Gambit
- Our new Summit portfolio, including private investments
- RRSP Accelerator
What do you want to see from us next?