2020 Air Miles Shop the Block

National - WEALTHSIMPLE - Get 500 BAMs WUOpen a Trade account with 500$ deposits (Nov 19th thru Dec 28th)

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  • May 7th, 2021 8:00 pm
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[OP]
Sr. Member
Feb 16, 2003
612 posts
92 upvotes

National - WEALTHSIMPLE - Get 500 BAMs WUOpen a Trade account with 500$ deposits (Nov 19th thru Dec 28th)

I am curious here, when you went to Wealthsimple (TRADE ACCOUNT) offer, it says $500 deposit, but if you looked at the small prints, it says TRADE aswell, so i'm wondering whether you need to make trades for $500? I guess i'll just put it in an ETS to be safe but initially was just gonna open the account and close when i received the BAMs.

Answer received from twitter, would still suggest to put in low-volatity ETF to be safe :
to be eligible you just need to fund your account with a min. $500 deposit in the first 90 days!
Funmi
Wealthsimple Support
WTB:
5 replies
Newbie
Dec 6, 2018
18 posts
8 upvotes
Going to copy this hear from the general thread since there was no thread for this..

digggit wrote: ↑
Does anyone know if the wealthsimple offer works for Wealthsimple Crypto? When I signed up I may have missed the terms of the condition related to this. Thanks.
Since no one answered.. I'll answer myself lol..

From the signup page redirect from airmiles (For Trade bonus):
Get 500 AIR MILES® Bonus Miles when you open and fund a new Wealthsimple Trade or Crypto account (min. $500 deposit in the first 90 days). Invest and Cash accounts are not eligible.

From support:
- Yes, the promotion does include Wealthsimple Crypto accounts.
Newbie
Dec 6, 2018
18 posts
8 upvotes
Zen wrote: I am curious here, when you went to Wealthsimple (TRADE ACCOUNT) offer, it says $500 deposit, but if you looked at the small prints, it says TRADE aswell, so i'm wondering whether you need to make trades for $500? I guess i'll just put it in an ETS to be safe but initially was just gonna open the account and close when i received the BAMs.

Answer received from twitter, would still suggest to put in low-volatity ETF to be safe :
to be eligible you just need to fund your account with a min. $500 deposit in the first 90 days!
Funmi
Wealthsimple Support
I think the wealthsimple invest promotion you have to deposit 1000 and leave it there at least 6 months or you will get a $50 penalty..

But the trade terms seem different. It seems you need to deposit and trade, it doesn't mention the 6 month/$50 penalty

* Offer valid from November 19, 2020 to December 28, 2020. This offer is only applicable to new Wealthsimple clients, being customers who have not previously registered or created an account with Wealthsimple, who deposit and trade at least $500 in a Wealthsimple Trade account (by way of a single instalment or multiple instalments that cumulatively total $500 or more) by December 28, 2020. This offer does not apply to Wealthsimple Invest and Wealthsimple Cash accounts or clients under the Wealthsimple for Work platform. In order to qualify for this offer, eligible new customers must click through from the relevant link containing the unique tracking code, available through AIR MILES® channels, allowing Wealthsimple to identify the user, and enter their AIR MILES Collector Number. Limit of one (1) offer per Wealthsimple account. This offer cannot be used in conjunction with any other promotional offer. Miles will be posted to Collector Account within 90 days of the minimum $500 deposit and trading threshold being met. Wealthsimple reserves the right to amend, withdraw or restrict this offer at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under this promotion. If gaming of the system is found, Wealthsimple reserves the right to remove all promotions from the customer’s account. An invitation to participate in this offer does not provide assurance that you will be accepted as a customer of Wealthsimple. This offer is only valid for customers in Canada who have reached the age of majority in the province or territory in which they reside. Weathsimple’s standard Terms of Use (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and your account apply and are not affected in any way by this offer.
Sr. Member
User avatar
Mar 15, 2003
783 posts
262 upvotes
toronto
I think to be safe is to trade the $500, if you are risk adverse, you can always buy and sell right away, might lose out a few cents on the spread between buy and sell but it would satisfy what is written. I guess you just need to buy $250, then sell what you bought, that should satisfy a $500 total trade. I left my trade in.
Deal Addict
Jan 11, 2007
1676 posts
478 upvotes
Edmonton
Hello,

May i ask if anyone have opened a Trade account with WealthSimple and received the 500 bonus AM? It looks like I am missing this one; thus AM only credit 800 miles from STB.

TIA and stay safe.
Newbie
Dec 6, 2018
18 posts
8 upvotes
I'm still trying to get these air miles from Wealthsimple. I've communicated both with air miles and wealthsimple several times. Air miles is now contacting them directly for a second time.
They are saying that I have to keep the balance in there a minimum of six months, but that was never a condition of the trade offer. That was a condition for the invest offer, not trade.

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