Overview

• Wealthsimple now offers home delivery of Canadian and U.S. dollars on demand through its zero-fee chequing account
• Customers can send paperless cheques, mobile bank drafts and free domestic wire transfers via the mobile app
• The new unlimited cash-back credit card delivers 2 percent back on every purchase with no foreign transaction fees and waived fees for clients meeting asset or deposit thresholds
• A secured line of credit with rates starting at 4.45 percent will launch later in 2025 with instant approval against client holdings
• Wealthsimple partners with ten Schedule 1 banks to hold deposits and extend Canada Deposit Insurance Corporation coverage up to $1 million per client