Pros & Cons
Pros
- +No monthly fee
- +Unlimited transactions
- +E-statements available
Cons
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Current Promotion
Discover the Wealthsimple Chequing Account, a chequing account with an interest rate of up to 2.25%, with no monthly fees or minimum balance required.
With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.
- You can earn 1.25% interest on your account balance
- Wealthsimple Premium and Generation clients can earn an even higher interest rate of up to 2.25%
- No fees for everyday banking services (e.g. no monthly fee, no FX, ATM, or Interac fees)
- $1M in CDIC coverage (10x the average)
- Deposit cash at any Canada Post location with instant deposits
- Daily Interac e-Transfer limit of up to $25,000
- Earn up to 3.25% interest on your USD savings
Enjoy unlimited transactions and protection for eligible deposits of up to $1,000,000. Open multiple accounts to easily manage your various financial goals.
Account Features
- E-StatementIncluded
- Unlimited TransactionsIncluded
Special Offer
Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. JMV may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Wealthsimple. All trademarks are property of their respective owners.