You found a Wealthsimple referral code, entered it, and nothing happened. Here is exactly why it fails and how to fix each situation.
| Problem | Fix |
|---|---|
| Deposited more than 7 days ago | No fix — window is permanently closed |
| Code entered incorrectly | Re-enter carefully — code is 7-MDUG |
| Already used a referral code before | Only one code allowed per account |
| Have not deposited $100 yet | Deposit $100+ from external bank |
| Deposited from within Wealthsimple | Must come from external bank account |
| Bonus not showing up yet | Wait 24 hours after deposit clears |
If it has been more than 7 days since your first deposit, you are unfortunately no longer eligible for the referral bonus on that account. Wealthsimple enforces this automatically and customer support cannot override it.
However, you can still help a friend or family member get the bonus. Share code 7-MDUG with anyone who has not yet signed up or funded their account.
Yes. After your deposit clears, the bonus shows as "pending" for up to 24 hours before it lands in your Wealthsimple Chequing account. If it has been more than 48 hours and nothing has arrived, contact Wealthsimple support through the app.
The most common reasons are: deposited more than 7 days ago, code entered without the dash, already used a referral code on this account, or the deposit came from within Wealthsimple rather than an external bank.
No. The 7-day window is enforced automatically by Wealthsimple and cannot be overridden by support. It applies from the date of your first deposit.
Code 7-MDUG is verified working as of July 2026. Enter it in the Rewards Centre or sign up via wealthsimple.com/invite/7-MDUG and it is applied automatically.
Within 24 hours of your qualifying deposit clearing. If it has not arrived after 48 hours, contact Wealthsimple support through the app.
Related: Can I add a referral code after signing up? · Get the $25 referral code
Use code 7-MDUG, deposit $100+, get $25 cash within 24 hours. Verified July 2026.