News Summary

Wealthsimple has initiated a new promotional campaign providing incentives for customers who transfer funds into their accounts. Participants signing up by December 23rd and depositing a minimum of $1,000 within thirty days can receive a magnetic MagSafe-compatible Wealthsimple-branded wallet for the iPhone 17. The offer extends to larger transfers as well, with customers moving $100,000 or more eligible to choose from Apple devices, starting with an iPhone 17 or a MacBook Air, up to a bundle including a Studio Display, iPhone 17 Pro, and MacBook Pro for transfers of $1 million. Eligible deposits encompass cash, institutional, and crypto transfers from other Canadian institutions, excluding transfers between Wealthsimple accounts. The company also offers reimbursement for transfer out fees for deposits of $25,000 or more from another institution.