Wealthsimple Referral Code 2026: Get Up to $5,075 Bonus

Quick answer: Use referral code BKCF8W or click this Wealthsimple invite link to claim a bonus between $25 and $5,075 depending on how much you deposit or transfer in within 30 days. The same code works for Wealthsimple Cash, Trade, Invest, Crypto, and TFSA/RRSP/FHSA transfers.

This is the largest tiered signup bonus available in Canadian personal finance in 2026. Most fintech referral programs cap the payout at $25-$50. Wealthsimple’s tier structure pays $5,075 on a $1M+ transfer — making it the highest-ceiling Canadian referral program for serious investors.

The full Wealthsimple bonus tier table (May 2026)

Wealthsimple referral bonus tiers — verified May 12, 2026

	You deposit/transfer	Bonus you earn
$100 (minimum to qualify)	Base tier	$25
$1,000+	Tier 1	$100
$10,000+	Tier 2	$175
$50,000+	Tier 3	$275
$100,000+	Tier 4	$575
$250,000+	Tier 5	$1,275
$500,000+	Tier 6	$2,575
$1,000,000+	Top tier	$5,075

How to claim the Wealthsimple bonus — step by step

1. Open the signup link. Click wealthsimple.com/invite/BKCF8W — or open the Wealthsimple app/website and paste code BKCF8W when prompted.
2. Pick which Wealthsimple product to open first. If you want to invest yourself, choose Wealthsimple Trade (commission-free Canadian and US stocks/ETFs). If you want banking, choose Wealthsimple Cash (high-interest chequing-style account). Both unlock the same referral bonus.
3. Complete signup. This takes 5-10 minutes. You’ll need Canadian government ID, your SIN (for TFSA/RRSP eligibility), and a Canadian address.
4. Deposit or transfer money within 30 days. Minimum $100 for the base $25 bonus. To hit higher tiers, deposit or transfer up to your target amount. TFSA/RRSP/FHSA transfers from another bank or broker count.
5. Wait 30 days after your qualifying deposit settles. The bonus is deposited into your Wealthsimple account automatically. You’ll see it in your account as a credit labelled “Referral bonus.”

Which deposit method qualifies?

• Interac e-Transfer — yes, qualifies
• EFT from another Canadian bank — yes, qualifies
• Direct deposit (payroll) — yes, qualifies if the cumulative direct deposit hits $100+ within 30 days
• TFSA / RRSP / FHSA transfer from another broker — yes, qualifies; tier determined by transfer amount
• Wire transfer — yes, qualifies
• Internal transfer between Wealthsimple accounts — NO, does not qualify (must be external funds)
• Crypto deposit from external wallet — yes, qualifies for Wealthsimple Crypto signup; tier determined by CAD-equivalent at deposit time

Best Wealthsimple bonus strategies for different deposit sizes

If you have $100-$1,000 to deposit

Sign up for Wealthsimple Cash with code BKCF8W. Deposit $100 via e-Transfer. You qualify for the $25 bonus. Total time: 10 minutes. The Cash account earns interest on your balance and you can transfer money out anytime.

If you have $1,000-$10,000 to deposit

Sign up for Wealthsimple Trade with code BKCF8W. Deposit your $1,000+ via e-Transfer or EFT. You qualify for the $100 bonus. Buy XEQT or VFV with the money — both are commission-free at Wealthsimple Trade.

If you have a TFSA at another bank/broker ($10K-$100K+)

This is where the Wealthsimple referral becomes very lucrative. Transfer your existing TFSA into a Wealthsimple TFSA after signing up with BKCF8W:

• $10K TFSA transfer = $175 bonus
• $50K TFSA transfer = $275 bonus
• $100K TFSA transfer = $575 bonus

Read our full guide on how to transfer your TFSA to Wealthsimple.

If you have an RRSP at another bank ($50K-$1M+)

Same play, but RRSP. Wealthsimple typically reimburses the $150 transfer-out fee your old broker charges. Net: the bonus minus the transfer fee = real money.

• $50K RRSP transfer = $275 bonus
• $100K RRSP transfer = $575 bonus
• $250K RRSP transfer = $1,275 bonus
• $500K RRSP transfer = $2,575 bonus
• $1M+ RRSP transfer = $5,075 bonus

Read our RRSP transfer to Wealthsimple guide.

What about Wealthsimple Crypto, Invest, and Tax?

The same code BKCF8W works for all Wealthsimple products. After signup, you can add Crypto, Invest, or Tax inside the same app without re-using the code. Your bonus tier is set by the largest qualifying deposit across any Wealthsimple product within the first 30 days.

Wealthsimple Invest (their robo-advisor) is worth opening if you want a managed portfolio at 0.5% AUM. The same referral bonus applies if you fund it.

Wealthsimple Crypto lets you buy 60+ cryptocurrencies at low spreads. The referral bonus applies to crypto deposits too — measured in CAD-equivalent at deposit time.

Wealthsimple Tax is their free Canadian tax-filing software. No referral bonus on Tax itself, but it integrates with your Wealthsimple Trade/Invest tax slips.

Common mistakes that disqualify the bonus

1. Signing up without the code. If you don’t enter BKCF8W or use the invite link during signup, you don’t get the bonus. There’s no way to apply the code retroactively.
2. Not depositing within 30 days. The qualifying deposit must arrive within 30 days of account opening. Day 31 = no bonus.
3. Depositing less than $100. Below $100 = $0 bonus.
4. Closing a previous Wealthsimple account and reopening. Wealthsimple’s system checks your SIN — previous customers usually don’t qualify even if their old account is closed.
5. Using an internal transfer. Moving money between two Wealthsimple accounts (e.g., from Cash to Trade) doesn’t qualify. The money has to come from outside Wealthsimple.

Is Wealthsimple safe?

Yes. Wealthsimple is CIRO-regulated, CIPF-insured up to $1M per account category for Trade/Invest holdings, and the Cash account uses CDIC-member partner banks (Wealthsimple publishes the current coverage at multiples of $100K through a multi-bank arrangement). See our full Is Wealthsimple safe? and Is Wealthsimple legit? breakdowns.

Bottom line

For Canadians who haven’t tried Wealthsimple yet, the BKCF8W referral code is genuinely worth using — minimum $25 for a 10-minute signup with no ongoing requirements, scaling up to $5,075 for serious transfers. The tier structure is real and published; we’ve verified it against Wealthsimple’s current referral promotion page.

Use the link: wealthsimple.com/invite/BKCF8W