How to Cancel Wealthsimple
from CA$0.00/month
EasyYou save CA$0.40/year by cancelling
Estimated Time:8 minutes
Cancel Method:Website
1
Log in to Wealthsimple
Visit wealthsimple.com and log in to your account, or open the Wealthsimple app on your smartphone.
2
Transfer or withdraw your funds
Before closing, transfer any invested funds or cash balances to an external bank account. For investment accounts, you may need to sell assets first or request an in-kind transfer (which takes longer).
3
Go to Profile and Settings
Click your name or profile icon and navigate to 'Settings'.
4
Close your account
Look for the 'Close account' option under Settings. Wealthsimple will confirm whether your accounts have zero balances and no pending transfers before proceeding.
5
Confirm account closure
Follow the on-screen steps to confirm your identity and finalise the account closure. You will receive a confirmation email once all accounts are closed.
Retention Tips
We're sorry to hear you're considering closing your Wealthsimple account. Since Wealthsimple's core Cash and Invest accounts are free to use, there's no cost to keeping your account open β even if you don't use it regularly. Wealthsimple also offers some of the best savings rates in Canada and a top-rated tax filing tool. You can simply leave the account dormant. Are you sure you want to close all your accounts?
FAQ
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