Are you looking for an option to transfer money to anyone in a matter of minutes? Are you hoping to receive payment and reimbursement quickly? If yes, then you should be aware of the wealthsimple Cash application. It’s an open and accessible payment platform that allows you to send money specifically to Canada. Through this application you are able to connect your contacts, and then you can transfer money to them quickly. Your connections are able to send you cash, too. However, the question is: do you know if Wealthsimple Cash a legitimate business? To find out the answer to this question, keep reading this article

What is Wealthsimple Cash?

A Wealthsimple Cash Account is not just a standard cash transfer application. It also provides additional information and offers such as unrestricted expense for bills, Apple and Google Pay No FX tax on investments that are far away as well as a tungsten metal token for savings accounts.

It’s Canada’s most popular and largest internet-based money manager. It was launched in 2014 and has since grown to have millions of clients and more than $10 billion of purchases under its administration. But is it secure and reliable?

To find out if Wealthsimple Cash is Legit is or not continue scrolling down.

How to Use?

To access the Wealthsimple cash account you need to sign up in a matter of minutes. The process of opening a new account takes just few minutes. Once you’ve done that, you’re able to invite as many friends as you wish to join in your account. And once they have registered and sign up, you will both receive the sum of $10.

The greatest benefit of an account like this is you are able to create multiple accounts with the same login and account functions. The accounts can also be accessed via various applications that make it easier to make transactions using your smartphone.

Is Wealthsimple Cash Legit?

The Wealthsimple Cash account security is held by a bank partner that is part of Canada Deposit Insurance Corporation (CDIC). This indicates that CDIC directly protects the account.

It’s a secure and easy app, but it is not a bank account. A supporter bank will keep your guarantees and lets you spend cash directly using the account. The currency residues you have are stored at CDIC and you can withdraw your money the amount of up to 100,000. Your money is safe and secure.

Benefits of this App–

There are numerous advantages to using this method that justify using Wealthsimple Cash Legal.

  • There are no monthly budget costs anticipated. There is no minimal security percent.
  • Fantastic cash card features such as 5% cashback when eating out on weekends.
  • Free ATMs with seclusions throughout Canada.
  • There are no Foreign Exchange commerce fees are needed.
  • Apple as well as Google Pay are available to help you pay for your purchases.
  • The deposit is made immediately.
  • Easiest P2P Payments. Cash transfers to friends who are on your list of connections becomes much simpler because of this.
  • Finances that are secured by Wealthsimple Cash earn an interest rate as well. The current rate is 0.75 percent.


In the end, we aren’t able to say if Wealthsimple Cash is Legit (or not) since numerous features are not yet available that they had promised in the past, as stated in their journals. We suggest you be patient until more features are made available and then start using the account frequently.