If you have been searching for a Wealthsimple promo code and wondering if it is the same as a referral code — here is the clear answer.
| Type | What It Is | Available Now? |
|---|---|---|
| Referral code | A code from an existing user. New user deposits $100+ and gets $25 cash. | ✓ Yes — use 7-MDUG |
| Promo code | A limited campaign code sent by Wealthsimple directly to targeted users. | ✗ Not publicly available |
Every Wealthsimple account holder gets a unique code to share. When a new user signs up with that code and deposits $100 or more, they get $25 cash within 24 hours. Code 7-MDUG is working for all new Canadians opening an account right now.
Wealthsimple occasionally runs targeted campaigns and sends promo codes directly to specific users by email — usually existing clients being offered a bonus to increase their balance. These codes are not publicly available and cannot be found by Googling.
No. A referral code comes from an existing user and gives new users $25. A promo code is issued directly by Wealthsimple for specific campaigns and is not publicly available.
You cannot — promo codes are sent by Wealthsimple directly to targeted users via email. They are not listed publicly. Referral code 7-MDUG is the real bonus available to all new users right now.
Click the link on this page and code 7-MDUG is applied automatically. Or enter it manually during account creation. Deposit $100 or more within 30 days to get the $25 bonus.
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Deposit $100 or more, get cash within 24 hours. Verified June 2026.