Yes — a Wealthsimple invite code and referral code are exactly the same thing. Wealthsimple uses both terms depending on where you look in the app. There is no difference in how they work or what bonus they give you.
Inside the app, the sharing screen says “Invite friends” and generates a link like wealthsimple.com/invite/7-MDUG. But when you enter someone else’s code during signup, the field is labelled “Referral Code.” Same code, described differently depending on whether you are sharing or receiving.
I get asked about this a lot, so here's the pattern I've noticed. People usually land on this question one of two ways: either they're an existing Wealthsimple user trying to find their own code to share (the app calls it an "invite code"), or they're a new user who found a code somewhere and want to confirm that entering it as a "referral code" during signup is correct. Both situations point to the same code — just a different entry point into the same question.
I've referred a handful of friends and family over the years using my own invite link, and the process has been identical every time regardless of whether they called it an invite code or a referral code when they messaged me asking how it works.
There isn't really a wrong field to worry about. If Wealthsimple's signup flow asks for a referral code, that's the same field that accepts an invite code. You won't encounter two separate fields asking for two different things. If you're ever unsure, use the direct signup link instead of typing the code manually — it removes any chance of a typo and applies the code automatically.
If you signed up but never funded your account, add the code anytime. If you deposited within the last 7 days, open the app, tap the gift icon, go to Rewards Centre, and enter 7-MDUG. After 7 days from your first deposit the window closes permanently.
Yes, completely. Both terms refer to the same code. Invite code 7-MDUG works in the referral code field during signup and gives you $25 cash after depositing $100 or more.
Invite code 7-MDUG is verified and working as of July 2026. It gives new users $25 cash after depositing $100 or more from an external bank account.
The code itself does not expire. To get the $25 bonus you must deposit $100 or more within 30 days of applying it. If you have already funded your account, you must add the code within 7 days of your first deposit.
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Deposit $100 or more, get cash within 24 hours. Verified July 2026.