Wealthsimple Referral Terms Explained (Plain English)
This page is for terms-focused queries like: “What does qualifying deposit mean?”
If you want to sign up now, use the primary referral guide.
Definitions that drive eligibility
- New client: Usually means no previously funded eligible account.
- Qualifying deposit: Only specific funding actions count.
- Offer period: Signup and funding windows can be separate.
- Hold period: Some campaigns require funds to remain for a set time.
- Exclusions: Certain account types or transfer paths may be excluded.
Terms-reading framework
- Confirm campaign dates.
- Confirm your account type is eligible.
- Confirm minimum funding threshold.
- Confirm any holding requirement.
- Save proof (screenshots/confirmation email).
FAQs for terms intent
Does “new client” mean I can never have used Wealthsimple?
Usually it refers to prior account/funding status, but wording can vary by campaign.
What qualifies as a deposit?
Not every transfer path or internal move qualifies.
Where do people misread terms most often?
In deadline windows, stacking rules, and hold-period assumptions.