One way to earn quick cash online is to sign up for a free Wealthsimple Cash account online using a valid Wealthsimple Cash referral code (XQYRET).
This Canadian Cash App alternative makes money transfers between friends easier than ever, and even better, it is totally free.
In this Wealthsimple Cash review, I cover how to earn a Wealthsimple Cash bonus, how the app works, and how to invite an unlimited number of friends using your custom invite code.
Wealthsimple Cash Referral Code
New Wealthsimple Cash users get up to a $1 sign up bonus using the link or by manually entering our Wealthsimple Cash referral code “XQYRET“.
The bonus offers available over time have varied from $1 to as high as $50.
At this time, the $50 bonus is no longer active.
After signing up, you can share your referral link with others and earn $1 for every friend that joins, with no maximum cap.
You can get a higher $25 bonus by signing up for Wealthsimple Trade and depositing $150 or more (no trading required).
How Does Wealthsimple Cash Work?
Wealthsimple Cash is for you if you are looking for a smart and modern way to transfer money to friends and family, settle your debts, split bills, leave a tip, and get paid.
This free app works just like the popular Cash App or Venmo in the United States.
Here’s how it works:
- Visit Wealthsimple to download the cash app.
- Enter your details to quickly confirm your identity
- You will need to create a unique username that includes a dollar sign $ that will serve as your handle
- Easily connect with the contacts on your phone and start sending and receiving money.
There are no fees to deposit or withdraw funds from your Wealthsimple Cash account.
You can take your account a step further by applying for the Wealthsimple Cash Card (more on this below).
Wealthsimple Cash Referral Program
You can earn unlimited cash via the Wealthsimple Cash referral program.
Here’s how it works:
- Log into your Cash app and click on the gift box icon at the top-right corner
- Click on the “invite friends” button
- Copy your Wealthsimple Cash invite code (e.g XQYRET) to share with friends via text message, email, or social media
- You can also just click on the “Share” button to share your referral link with others
- You and the friend you refer get a cash bonus ($1 to $10 depending on the current offer)
The bonus is generally added to your account within 24 hours.
Wealthsimple Cash Card
Wealthsimple Cash users can apply for the Wealthsimple Cash Visa prepaid card which has the following features:
- ATM withdrawals
- 5% cash back on restaurant and food delivery purchases (weekends only)
- Free card
The cash back earned using this card is deposited in your Cash account as real cash. You can also opt to deposit your rewards into your stock trading or crypto account.
Other Wealthsimple Promotions
The $25 Wealthsimple Cash bonus is just one of the many promotional offers from Wealthsimple.
Other referral code bonuses you can take advantage of are:
Wealthsimple Invest: This platform helps you invest automatically using low-cost ETFs. You get a $25 bonus after depositing your first $500.
Wealthsimple Trade: You can trade thousands of stocks using the Wealtthsimple Trade platform without paying trading fees. New users get a $25 bonus after depositing at least $150.
Wealthsimple Crypto: Buy cryptocurrencies easily in Canada using the Wealthsimple Crypto platform plus a $25 bonus after depositing your first $150.
Learn more about the offers available on this Wealthsimple promotions page.
Is Wealthsimple Cash Safe?
Wealthsimple Cash is a safe app.
Your money is held at banks that are insured by the Canada Deposit Insurance Corporation. This means that up to $100,000 of your funds are guaranteed against insolvency.
Also, the Wealthsimple Cash app uses two-factor authentication to protect your information.
Wealthsimple Cash Fees
There are no fees to use Wealthsimple Cash. Deposits and withdrawals to and from your account to a linked bank account are free.
If you get the Cash Card and use it at an ATM, Standard ATM withdrawal fees may apply (approximately $3).
Wealthsimple Cash Bonus FAQs
What is the best Wealthsimple Cash promo?
The best Wealthsimple Cash promotion right now is $1. This is at least double the standard “Give 5 Get 5” promotion.
What is the best Wealthsimple Cash promo code?
Get the best Wealthsimple Cash bonus offer using the code XQYRET.
Is the $50 Wealthsimple bonus available?
The $50 bonus offer for Wealthsimple Cash is no longer available.
Is the $25 Wealthsimple Cash bonus available?
The $25 bonus offer for Wealthsimple Cash is no longer available. You can get $25 by opening a Wealthsimple Trade account.
Where do I find my Wealthsimple Cash referral code?
Login to the Wealthsimple Cash app and click on the Invite Friends button to get your referral code.
Is Wealthsimple Cash legit?
Yes, Wealthsimple Cash is owned by a legitimate company with more than $15 billion in assets.