Applying for a Wealthsimple Cash Account it’s simple, but it is important to check if you are eligible.

Are you eligible to the Wealthsimple Cash Account ?

You can open a Wealthsimple Cash Account if you:

• are a Canadian resident;
• have reached the age of majority in your province (18 or 19);
• have a valid social insurance number;
• have a valid phone number;
• satisfy identity verification requirements for non-registered accounts.

Remember: you can’t open a Cash account for a minor, so it is crucial that you meet all the requirements.

When you open an account with Wealthsimple, a few steps are applied to verify your identity. 

First, your identity will be verified automatically with a credit reporting agency to confirm your personal information. This check does not allow checking your credit score.

In some cases, the information that credit reporting agency provides is insufficient to verify your identity. 

In these cases, will be solicited by submitting a selfie with a piece of government-issued photo identification.

All this process is made with security. So, don’t worry about it!

I’m having trouble verifying my identity, what can I do?

If you are having trouble verifying your identity using the selfie method, double-check: 

• your app completely up-to-date?
• your ID is not expired?
• all four corners of your ID are visible in the photo you submitted?
• there glare in the picture of your ID?

How to open an individual or joint Cash account?

To open an individual or joint Cash account, you can use a mobile app or web site of Wealthsimple Cash Account. In both options, you will be oriented about the next steps.

After this, configure your profile: set a nickname and change your Cash profile picture.

Ready to make the better choice? Open your account and enjoy all exclusive benefits!