Are you looking for an option to transfer money to anyone in just a few minutes? Are you hoping to be able to pay and receive reimbursement quickly? If you answered yes, then be aware of the wealthsimple cash application. It’s an open and accessible payment platform that allows you to send money particularly to Canada. Through this application you can connect to your contacts, and then you can transfer money to them quickly. Your connections are able to send you cash as well. However, the question is: are Wealthsimple Cash legitimate? To answer this question, keep reading this article

What is Wealthsimple Cash?

A Wealthsimple Cash Account isn’t a typical cash transfer application. It also comes with additional information and benefits, such as unlimited expense for bills, Apple and Google Pay and no taxation on FX on investments made in distant locations as well as a tungsten metal token for savings accounts.

It’s Canada’s most prominent and the largest internet-based money manager. It was launched in 2014 and has since grown to have millions of users and over $10 billion in transactions in its control. But is it secure and reliable?

To determine if Wealthsimple Cash is Legit is or not scroll down.

How to Use?

To access the Wealthsimple cash account you need to join the account very quickly. The process of opening a new account takes just few minutes. Once you’ve done that, you’re able to request as many friends as you wish to join in your account. And after they sign up with you, you’ll both get 10 dollars.

The most appealing thing about the account you can use it to you are able to create multiple accounts with the same login and account functions. The accounts can also be accessed through numerous apps, making it much easier to finish deals using your smartphone.

Is Wealthsimple Cash Legit?

The securities of the Wealthsimple Cash Cash account are held by a bank partner that is part of Canada Deposit Insurance Corporation (CDIC). It signifies that CDIC directly guards the accounts.

It’s a secure and easy app, but does not constitute a legitimate bank account. Supporter banks maintain your guarantees and allows you to withdraw cash directly through the account. Your currency reserves are kept at CDIC and you can withdraw your money as much as $100,000. Your money is safe and secure.

Benefits of this App–

There are numerous advantages of this system that justifies this. Wealthsimple Cash legit.

  • There are no budgetary fees per month anticipated. There is no minimal security percent.
  • Fantastic cash card features like 5% cashback for buying food at restaurants on weekends.
  • Free ATMs with seclusions throughout Canada.
  • There are no Foreign Exchange commerce fees are needed.
  • Apple as well as Google Pay are available to simplify payments.
  • The deposit is made immediately.
  • Easiest P2P Payments. Cash transfers to friends who are on your list of connections becomes much simpler because of this.
  • Finances ensnared by Wealthsimple Cash earn an interest rate as well. Current rates are 0.75 percent.


In the end, we aren’t able to say if Wealthsimple Cash is Legit is or not since numerous features are not yet available the features they stated earlier , according to the journal. We would advise you to be patient until more features are available, and then start using the account on a regular basis.