You signed up, deposited money, and your $25 bonus has not appeared. Here is exactly why this happens and what to do about it.
| Possible Reason | What to Do |
|---|---|
| Deposit has not cleared yet | Wait 24 hours — bank transfers take time to settle |
| Deposited less than $100 | Top up to at least $100 from an external bank |
| Deposit came from within Wealthsimple | Must come from an external bank account |
| Referral code was not applied | Add code 7-MDUG in Rewards Centre within 7 days of deposit |
| Already received a referral bonus before | Only one bonus per account ever |
| Looking in wrong account | Bonus goes to Wealthsimple Chequing, not your investment account |
If you deposited within the last 7 days and have not applied a referral code yet, you can still do it now:
Once the code is applied, your bonus will be processed and land in your Chequing account within 24 hours.
If your deposit has cleared, you deposited $100 or more from an external bank, and you applied a valid referral code — but the bonus still has not arrived after 48 hours — contact Wealthsimple support directly through the app. Go to your profile → Help → Contact Us and explain the situation. Support can confirm whether the referral was successfully registered.
Most likely your deposit has not cleared yet (wait 24 hours), or the bonus landed in your Wealthsimple Chequing account rather than your investment account. Check both places before contacting support.
The $25 bonus is deposited into your Wealthsimple Chequing account, not your TFSA, RRSP, or investment account. You need an open Chequing account to receive it.
Within 24 hours of your qualifying deposit clearing. Bank transfers typically take 1–3 business days to clear, so the bonus may take a few days in total from when you initiated the transfer.
Yes, if it has been fewer than 7 days since your first deposit. Go to Rewards Centre in the app and enter code 7-MDUG. After 7 days the window closes permanently.
Related: Referral code not working? · Add code after signing up · Get the $25 referral code
Use code 7-MDUG, deposit $100+, get $25 cash within 24 hours. Verified June 2026.