Last Updated on August 24, 2021 by Canadian Reviews
About Wealthsimple Cash
Wealthsimple Cash is an great new product provided by Wealthsimple that is meant to replace your daily cash transactions. Instantly send and receive money. For free. Send money to friends, tip your server, pay for goods, and even pay your bills.
Currently it is in the startup phase and just app to app transfers work right now. But more features are coming soon. Including a branded VISA debit card that will be linked to your account.
Wealthsimple is not a new company. They have a wide product offering with over 1.5 million people using their products. Products such as Investing, Trading, Tax, and now a day to day financial application that hopes to change how you send and receive money, and pay your bills.
Read our review of some of the exciting features. And also get a $25 bonus when you sign up using a Wealthsimple Cash Referral Code : 2EPSKO. This bonus is for a limited time. It was previously only $5
Wealthsimple Fees
Are there fees? No. None. Wealthsimple advertises that everything is free. From funding and withdrawals to sending and receiving. There isn’t even any monthly account fees. They actually give you money: You earn 0.75% interest on the balance in your account.
We are not sure how they will make anything. However we have heard it is a way to get customers introduced to their other product offerings. A way to get people to use their other products.
Wealthsimple Cash Security
Your cash is safe with Wealthsimple. All balances in your account are eligible for protection with the Canada Deposit Insurance Corporation (CDIC). Your money is insured up to 100,000. And coverage is free and automatic.
The application is also secured by biometric and fingerprint identification. Two-factor authentication for that added security.
Wealthsimple Cash Referral
Wealthsimple also at the time of this review has increased their referral bonus from $5 to $25! So now is a great time to get signed up and try the app out. There is no minimum spend or deposit, just sign up and you will receive the bonus.
If you are looking for a referral code, here is ours. Your support helps keep this website running and allows us to keep providing content to you. Wealthsimple Cash Referral Code : 2EPSKO
Wealthsimple Cash Verdict
Wealthsimple Cash Referral
Summary
Wealthsimple Cash is an great new product provided by Wealthsimple that is meant to replace your daily cash transactions. Instantly send and receive cash. For free. Send cash to friends, tip your server, pay for goods, and even pay your bills.
