Will Wealthsimple reimburse your transfer fee?
Usually, if you transfer at least C$25,000. Check the fee type and any charges that would bring you below the threshold before you authorize the move.
Which fees qualify?
Multiple fees need support review. Reimbursement isn't guaranteed.
| Requirement | Policy |
|---|---|
| Minimum transfer | C$25,000. Full or partial transfers. |
| Covered | One administrative transfer-out fee per C$25,000 transferred from another institution. |
| Excluded | Trading, commissions, closure, deferred sales and low-load charges. |
| After transferring | Keep the account funded for 90 days. |
Before you authorize the transfer
Ask your current institution for a written fee breakdown. Which holdings can move as they are, and which would need to be sold? Are there charges beyond the transfer fee? Keep its answer with your transfer request.
Compare the ongoing account costs too, especially if you trade in US dollars. A reimbursed exit fee alone isn't a reason to move. Treat any promotional transfer match as a separate offer with its own terms.
What if fees bring you below C$25,000?
The policy doesn't settle whether a fee deduction taking you below C$25,000 affects eligibility. Get written confirmation before transferring. Send the account values and itemized fees so the answer addresses your actual transfer.
When does the refund arrive?
Refunds are automatic. Allow two business days after completion. Look for “Reimbursement” in your account's cash balance and activity. Registered-account reimbursements don't use contribution room.
Wrong amount or a USD fee?
For an incorrect refund, send support fee documentation. For a USD charge, provide the exact USD amount. Eligible USD refunds take 5–7 business days.
Sources
- Wealthsimple transfer-fee reimbursement policy
Checked October 30, 2026 (Pacific).