Wealthsimple overdraft protection covers recurring bill payments and pre-authorized debits when there’s a shortfall in your chequing account by borrowing from your portfolio line of credit — the lowest rate in the market, no NSF fees, no per-use fees, no application. Your payment just goes through.
Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across chequing and spending, managed investing, self-directed trading, and tax filing. Wealthsimple serves more than 4 million Canadians and holds approximately $155 billion in assets under administration, as of June 30, 2026. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto. To learn more, visit www.wealthsimple.com.
