Did chequing accounts just get exciting?
This month: cash-secured puts, dual-listed securities, and 5,300 reasons to visit the post office.
Introducing: Cash Deposits
Wondering what to do with all that cash you’ve been stuffing into your mattress (or your freezer)? Well, now you can make deposits at Canada Post locations. There are more of those than all the big banks combined1. (Plus, they kind of miss you there.)
Open a chequing account- ATM fees? Are those still a thing? Not with Wealthsimple. We pay you back all your domestic and international ATM fees. There are no limits or caps, and – this is a big one – nothing you need to do. You'll be automatically reimbursed in just four days2.
- Hey big sender, send up to $25K with us. Now, eligible clients can use e-transfer to send up to that amount every day3. Get ready for a whole bunch of new friends. Adjust your limit.
Trade like a pro
Wealthsimple for web is now chair-swivellingly fast, so you can search, review, and execute trades in record time. Oh, and we made our layouts easier to navigate, which means fewer clicks, hotter hot keys, and more data at your fingertips. Learn more here.
- Dual-listed securities are here. Buy and sell Canadian companies on U.S. exchanges to unlock 24/5 trading and $0 options contract fees.
- Cash-secured puts <-> registered accounts. Trade cash-secured puts, covered calls, long calls, and long puts in your TFSA, RRSP, FHSA, or LIRA. Start trading.
- Multi-leg option strategies are here. Trade iron condors, iron butterflies, long condors and long butterfly spreads — basically anything with wings — on Canada's first $0 options contract fees platform4. Enable options.
- Trade options like an expert. The wheel strategy is the best invention since, well, the wheel! Get rolling with our wheel strategy guide.
- Increase your margin buying power. Need an extra boost? Link multiple accounts — both non-registered and TFSA — to your margin account. With margin rates as low as 3.95%5, it pays to link.
Introducing: Summit Portfolio
The first of its kind in Canada, our Summit portfolio combines public and private market investments to target up to 10% in annualized returns6. This hands-off, professionally-managed portfolio offers more diversification than the public-market-only options. So go ahead and push for the Summit. No crampons required.
Open a Summit portfolioIncome portfolios: Earn more on your cash
Our professionally managed income portfolios are designed to earn steady, reliable yields — targeting up to 4.6% in expected returns — with flexible withdrawals and no lock-ins.7 Choose the risk level that fits your personal goals.
Open an Income portfolioSecurity updates
- It’s hard to know how to protect yourself against financial scammers when they’re sliding into your DMs, your groupchats, and, alarmingly, actual phone calls. So we put together a list of what not to do when faced with today’s most common fraud strategies. Read more here.
- Usernames and passwords are so passé. Passkeys are where it’s at. Log in to your accounts seamlessly with a secure passkey that’s stored right on your device and requires your password or biometrics to access. Set one up here.
- A trusted place is a real-world location, like your home or office, that you designate as a secure zone for banking. This feature allows for easier transactions when you're somewhere familiar, and more security when you’re not. Who doesn’t love trust and security? Set up trusted places here.
Have questions? Contact us.
Our Chequing product is offered by Wealthsimple Investments Inc., a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business.
1Data collected as of March 30, 2026. As compared to all branch locations, from the five biggest Canadian financial institutions as listed under Schedule I under the Bank Act and Canada Post location data as of December 2024. Canada Post is a trademark of Canada Post Corporation.
Wealthsimple clients can deposit up to a maximum of $3,000 in cash per day and up to a maximum of $10,000 in cash per week via a Canada Post location. For more information see here.
2While Wealthsimple does not charge additional ATM fees, withdrawals may be subject to a fee charged by ATM providers. Wealthsimple will reimburse chequing clients an unlimited number of Canadian ATM fee reimbursements. Reimbursements will be made to the account linked to the prepaid Mastercard within 4 business days after the ATM transaction settles. Click here for details.
3Individual's actual e-transfer limit will depend on various factors, see here for details. Interac e-Transfer® is a registered trade-mark of Interac Corp.
4Compared with all Canadian order-executions-only investment dealers regulated by CIRO that offers options trading as of March 13, 2026.
Self-directed Investing is offered by Wealthsimple Investments Inc. (“WSII”). All investments involve risk. To get more info on our products, investment decisions, fee schedules, user testimonials, promos & more visit here.
5Margin account Interest rate ranges from P-0.5% to P+0.5%, depending on total assets with Wealthsimple. Prime rate is 4.45% for CAD and 6.75% for USD as of March 31, 2026. Subject to change. Interest is calculated daily, charged monthly. All investments involve risks. See here for details.
6Compared with all Canadian order-executions-only investment dealers regulated by CIRO that offer private assets in retail trading products as of January 28, 2026. The Summit portfolio is the first in Canada to offer access to private market assets in retail trading products with a minimum investment of only $10,000 and direct digital access without requiring a full service advisor.
As of October 21, 2025. Comparison based on Summit’s 0.44% fee vs. 1.85% for a leading mutual fund, modeled on $10,000 over 30 years at 10% annual returns. Illustration only; actual results vary. Not guaranteed. Investments involve risk. See wsim.co/legal.
7Targeted yields are not guaranteed. The planned frequency of interest payouts and withdrawals is variable at the discretion of fund managers. Targeted yields are subject to change due to fluctuations in market rates, ETF prices, reinvestment of matured securities into additional investment, portfolio composition, and fees charged by the underlying ETF and stock holdings. Past performance is not indicative of future results. See here for details.
Vanguard income portfolio targeted returns of 4.6% as of January 31, 2026. Based on the weighted average yield to maturity of all holdings in the Bond portfolio at the time of the calculation. Subject to change. See here for details.
The Vanguard name and logo is a trademark of The Vanguard Group, Inc. Used under licence.
Managed accounts are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada.
8If a client finds a better tax refund of more than CAD$2 using a product other than Wealthsimple Tax, a refund will be issued in the amount of either (a) the purchase price or license fee of the third-party tax software up to CAD$50, or (b) the payment paid to use Wealthsimple Tax, whichever is greater. Proof of purchase and a copy of Notice of Assessments or Reassessments showing the total return value differences required. For more details, see here.
© 2026 Wealthsimple Technologies Inc.
