Wealthsimple Bonus Not Showing Up — What to Do

Updated June 2026 · 4 min read

You signed up, deposited money, and your $25 bonus has not appeared. Here is exactly why this happens and what to do about it.

Check These Things First

Possible ReasonWhat to Do
Deposit has not cleared yetWait 24 hours — bank transfers take time to settle
Deposited less than $100Top up to at least $100 from an external bank
Deposit came from within WealthsimpleMust come from an external bank account
Referral code was not appliedAdd code 7-MDUG in Rewards Centre within 7 days of deposit
Already received a referral bonus beforeOnly one bonus per account ever
Looking in wrong accountBonus goes to Wealthsimple Chequing, not your investment account
Most common mistake: the bonus lands in your Wealthsimple Chequing account, not your TFSA or investment account. Check there first before assuming it is missing.

Did Not Apply the Referral Code Yet?

If you deposited within the last 7 days and have not applied a referral code yet, you can still do it now:

  1. 1
    Open the Wealthsimple app
  2. 2
    Tap the gift icon in the top-right corner
  3. 3
    Go to Rewards Centre
  4. 4
    Enter referral code 7-MDUG

Once the code is applied, your bonus will be processed and land in your Chequing account within 24 hours.

Still Nothing After 48 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.

Frequently Asked Questions

Why is my Wealthsimple bonus not showing up?

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.

Where does the Wealthsimple bonus get deposited?

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.

How long does the $25 bonus take?

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.

Can I still get the bonus if I forgot to apply the code?

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

Get your $25 referral bonus

Use code 7-MDUG, deposit $100+, get $25 cash within 24 hours. Verified June 2026.

7-MDUG


Claim $25 Bonus →