Wealthsimple Presents: The End of Banking?

Video Description

Introducing Wealthsimple Presents: Our new seasonal event that features our latest product updates and an exclusive sneak peek at what’s next. In our first edition, The End of Banking? we share our vision of how we’re revolutionizing the way you spend, save, manage, and grow your money. You’ll learn how we’re nothing like your bank — and why that’s a very, very good thing. Explore all the updates here: www.wealthsimple.com/en-ca/presents Disclaimers: Some features shown are concept features and may not be available at the time of the presentation. Actual features when made available may differ than shown. Figures and savings mentioned were current as of the date of the presentation or as indicated in the disclaimer of the respective claims. ATM and FX Fees: Wealthsimple does not charge additional ATM fees or FX fees. However, withdrawals may be subject to a fee charged by ATM providers and foreign currency transactions are still subject to currency conversion from credit card issuers, or fees from retailers or financial institutions involved in the transaction. Wealthsimple will reimburse chequing clients an unlimited number of Canadian ATM fee reimbursements (up to $5 each). Reimbursements will be made to the account linked to the prepaid Mastercard within 4 business days after the ATM transaction settles. Details at https://wsim.co/atm-reimbursement. Chequing and USD savings interest rates: Annualized rate, calculated daily, paid monthly. Subject to change. For more information see https://wsim.co/rates and https://wsim.co/usd-rates. Highest interest rate for a chequing account in Canada and US savings rate comparison are based on all posted-rates of chequing and USD savings accounts from Canadian financial institutions as listed under Schedule I under the Bank Act as of June 10, 2025. Excludes limited-time and promotional offers and products that do not offer cheques. CDIC coverage: The balance in your Wealthsimple chequing account is held in trust for you with members of the Canada Deposit Insurance Corporation (CDIC), a federal Crown corporation. CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. Although Wealthsimple is not a CDIC member institution, under the trust framework, CDIC insures eligible cash balances up to $1,000,000 per beneficiary per member institution. Coverage is free and automatic. Learn more about our chequing products and CDIC coverage at https://wsim.co/legal. Credit card 2% cashback: The 2% earn rate applies to net purchases during each statement period, excluding cash-like transactions, refunds, any applicable fees and adjustments. See Terms and Conditions for full details (https://www.wealthsimple.com/en-ca/credit-card/rewards-terms-conditions). Credit Card FX fees: Foreign transaction (FX) fee is a surcharge typically charged on foreign currency transactions. Wealthsimple does not charge FX fees, but transactions are still subject to currency conversion from credit card networks, or fees from merchants or financial institutions involved in the transaction. Tap Limit: While Wealthsimple does not impose a tap limit on its virtual credit card, limits may be set by the merchant. If your transaction is declined, please insert your physical credit card. The Wealthsimple Visa Infinite Credit Card is issued under license by Wealthsimple Payments Inc. * Trademark of Visa Int., used under license. Interac e-Transfer® is a registered trade-mark of Interac Corp. Used under license.