Wealthsimple CADD launches with 3.25% rewards. What’s the catch?

Wealthsimple is rolling out CADD in its crypto account. See what the 3.25% reward covers, which transfers cost extra and when a chequing account makes more sense.

November 14, 20263 min read

Wealthsimple

Key Takeaways

Wealthsimple offers CADD through Crypto in phases. The variable reward was 3.25% annualized on November 14, 2026.
Wealthsimple charges no trading fee on CADD orders in Canadian dollars. The minimum order was $2 CAD on November 14, 2026.
Wealthsimple supports Base and Ethereum for CADD transfers. Withdrawals incur a network fee, and Canadian deposit insurance excludes CADD.

CADD is a Canadian-dollar stablecoin issued by Tetra Trust. Wealthsimple is rolling it out in its Crypto account. For broader context, see our investing guides.

How do you buy Wealthsimple CADD?

Wealthsimple lets eligible Crypto clients buy and sell CADD in Canadian dollars. Open Crypto, search for CADD and check whether Buy is available. Wealthsimple’s minimum order was $2 CAD on November 14, 2026. CAD orders settle immediately with no trading fee. Crypto swaps carry the usual swap fees. Wealthsimple Help Centre.

To see where Crypto fits among Wealthsimple’s services, read Milesopedia Canada’s Wealthsimple platform guide.

How do Wealthsimple CADD rewards work?

Wealthsimple funds the CADD reward and pays it weekly in CADD, usually around Tuesday. The rate was 3.25% annualized on November 14, 2026 and can change. Rewards accrue daily on eligible balances in Wealthsimple Crypto.

CADD in an external wallet does not count. A deposit starts earning rewards once it settles in Wealthsimple Crypto. There’s no lock-up.

The program terms specify a minimum balance of $1 CAD for clients in good standing. The Help Centre says there is no minimum. Confirm the threshold for balances under 1 CADD and check pending payouts before turning off rewards or closing your account. CADD reward terms.

The reward comes from Wealthsimple’s own resources. Wealthsimple discloses financial interests in CADD, Tetra and CAD Digital, and receives compensation related to CADD. Holders have no claim on income from the reserve. Wealthsimple’s CADD disclosure.

How much does a CADD transfer cost?

Wealthsimple charges a network fee in CADD when you send CADD to an external wallet. As of November 14, 2026, the platform supported Base and Ethereum, with withdrawal limits of $10,000 CAD over 24 hours and $25,000 CAD over 7 days across all crypto assets.

Confirm that the recipient can receive CADD on the exact network you select. A matching address format does not establish compatibility. Test with a small transfer if the minimum and fees allow.

For a supplier invoice, agree on the token and network, then check cash-out and conversion costs. If the recipient needs a Canadian bank deposit, see our guide to real-time payments in Canada.

Which Wealthsimple account handles everyday payments?

The Wealthsimple Chequing Account handles payroll deposits and pre-authorized bills. If you’re self-employed, see what the Wealthsimple business chequing account covers.

Milesopedia Canada’s Wealthsimple Chequing Account guide covers everyday banking, the prepaid card and ATM withdrawals.

Wealthsimple Chequing Account

Wealthsimple

Monthly fee: $0; No monthly fee
Included transactionsUnlimited Interac included: Unlimited
Account highlightsEligible new clients can earn CAD $25 by opening an account through the partner link on this page and adding at least CAD $1 from an external source within 30 days of opening. The terms require you to keep your pre-promotion balance and net funding in your Wealthsimple accounts for 180 days from the end of the promotion period. Official offer terms. Interest rate up to 2.25% No monthly fees No minimum balance required Unlimited transactions and free e-transfers Deposit protection up to $1,000,000 Access to multiple accounts for different financial goals No credit check necessary No conversion fee: $25 cash back

Monthly fee: $0
Included transactions: Unlimited
Interac e-Transfers: Unlimited Interac included
E-statement: Included

Discover the Wealthsimple Chequing Account, a chequing account with an interest rate of up to 2.25%, with no monthly fees or minimum balance required.

Eligible new clients can earn CAD $25 by opening an account through the partner link on this page and adding at least CAD

from an external source within 30 days of opening. The terms require you to keep your pre-promotion balance and net funding in your Wealthsimple accounts for 180 days from the end of the promotion period. Official offer terms.

You can earn 1.25% interest on your account balance
Wealthsimple Premium and Generation clients can earn an even higher interest rate of up to 2.25%
No fees for everyday banking services (e.g. no monthly fee, no FX, ATM, or Interac fees)
$1M in CDIC coverage (10x the average)
Deposit cash at any Canada Post location with instant deposits
Daily Interac e-Transfer limit of up to $25,000
Earn up to 3.5% interest on your USD savings

Enjoy unlimited transactions and protection for eligible deposits of up to $1,000,000. Open multiple accounts to easily manage your various financial goals.

Account highlights

$25 cash back

Account details & conditions

Eligible new clients can earn CAD $25 by opening an account through the partner link on this page and adding at least CAD $1 from an external source within 30 days of opening. The terms require you to keep your pre-promotion balance and net funding in your Wealthsimple accounts for 180 days from the end of the promotion period. Official offer terms.
Interest rate up to 2.25%
No monthly fees
No minimum balance required
Unlimited transactions and free e-transfers
Deposit protection up to $1,000,000
Access to multiple accounts for different financial goals
No credit check necessary
No conversion fee

Read the full offer

Wealthsimple Business Chequing Account

WealthsimpleBusiness

Monthly fee: $0; No monthly fee
Included transactions: Unlimited

Monthly fee: $0
Included transactions: Unlimited

Regular interest: Up to 2.25%Maximum from $500,000 in qualifying total Wealthsimple assets; starting rate of 1.25% below $100,000. For eligible businesses and organizations.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Wealthsimple Business Chequing Account has no monthly fee. Your balance earns 1.25% to 2.25% depending on your total assets with Wealthsimple (2.25% from $500,000). The account is reserved for Canadian-controlled private corporations (CCPCs) and charities or associations registered with the CRA.

The Wealthsimple prepaid Visa draws from your linked chequing balance. See the prepaid Visa switch checklist for subscriptions and saved card details.

Compare

Wealthsimple Prepaid Visa Platinum* Card

4.0 / 5

Wealthsimple Visa Cash Back

Annual fee: $0; No annual fee
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$25Total$25Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $25
Welcome offer: $25 cash back

With the Wealthsimple Prepaid Visa Platinum* Card, you can access your available funds in your Wealthsimple chequing account.

Wealthsimple is replacing its old prepaid Mastercard with the prepaid Visa Platinum in phases. The Visa is accepted on Costco.ca. At a Canadian Costco warehouse, use an eligible Mastercard, Interac debit, cash or a Costco Shop Card.

With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.

You can invest your money in an investment account or a cryptocurrency of your choice. Also, you earn interest on your Wealthsimple chequing account balance! Clients who have at least $500,000 in assets with Wealthsimple can earn an interest rate of up to 2.25%.

In addition, there are no foreign transaction fees for any purchase made in a currency other than the Canadian dollar and no annual fees.

Legal

* Trademark of Visa Int., used under license. Terms and conditions apply. For the most up-to-date product details, please visit Wealthsimple.com.

Annual fee

Primary card$0

Value

1st Year Value$325

For reserves, cash-out rules and another Canadian-dollar token, read our CADD vs QCAD comparison. Milesopedia Canada also explains how crypto platforms, ETFs and TFSAs differ.

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Is CADD covered by deposit insurance?

CADD is a crypto asset and falls outside Canadian deposit insurance. Tetra Trust holds a reserve for redemptions. Access to your Canadian dollars depends on a working platform or redemption channel.

Can you exchange CADD for dollars?

Eligible Wealthsimple clients can sell CADD for Canadian dollars in Crypto. For CADD held elsewhere, check the deposit network or the [terms for direct redemption with Tetra](https://tetradg.com/legal/cadd-terms-and-conditions), which include separate fees.

Our featured card

Invitation-only offer. Earn up to $500 in total cash back. The 3% boost applies to up to $10,000 in net purchases during the 35 days after approval. With the 2% base rate, that brings total cash back to 5%.

Purchases in the first 35 days	Base cash back (2%)	Boost (3%)	Total cash back (5%)
$2,500	$50	$75	$125
$5,000	$100	$150	$250
$10,000	$200	$300	$500

The 3% boost only applies to the first $10,000 in net purchases during the 35 days after approval; beyond that, purchases earn the standard 2%. The card must stay open for 180 days after the boosted period.

With the Wealthsimple Visa Infinite+* Card, earn 2% cash back on all your purchases, with no categories to track and no cap.

In addition, there are no foreign exchange fees on any purchase made in a currency other than the Canadian dollar, and no annual fee if you hold more than $100,000 in assets with Wealthsimple, or if you transfer the direct deposit of an eligible payroll to Wealthsimple.

To be eligible for this card, you must have a personal income of at least $80,000 or a household income of at least $150,000.

Since November 2, 2026, Quebec residents can enrol in optional travel insurance through their Wealthsimple account at no additional cost. Consent and confirmation of activation are required: coverage takes effect on the activation date, subject to the certificate’s terms.

Before booking, confirm your coverage is active and check your card’s certificate of insurance for age and trip-length limits, qualifying payments, and exclusions.

ExclusiveCompare

Wealthsimple Visa Infinite+* Card

4.5 / 5

Wealthsimple Visa Cash Back

Annual fee: $240
Welcome offerBy invitation for new Wealthsimple clients. Earn 3% extra (5% total) on up to $10,000 in net purchases in the 35 days after approval. Keep the card open and active for 180 days after the offer period.: Up to $500 cash back

Purchases in the first 35 days	Base cash back (2%)	Boost (3%)	Total cash back (5%)
$2,500	$50	$75	$125
$5,000	$100	$150	$250
$10,000	$200	$300	$500

With the Wealthsimple Visa Infinite+* Card, earn 2% cash back on all your purchases, with no categories to track and no cap.

To be eligible for this card, you must have a personal income of at least $80,000 or a household income of at least $150,000.

Before booking, confirm your coverage is active and check your card’s certificate of insurance for age and trip-length limits, qualifying payments, and exclusions.

Legal

Annual Fee Waiver

The Annual Fee (“Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card (“Card”) is $240 and is charged monthly at $20. The monthly fee is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a month thereafter, unless this Fee is waived. Waiving the Fee is a promotional offer (“Fee Waiver Offer”) and requires clients to meet specific criteria to qualify and continue having the Fee waived. The Card Fee is automatically waived for any client with a Premium or Generation status, and the Fee will continue to be waived so long as that status is maintained. The Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Wealthsimple Chequing Account (“Chequing Account”) within the preceding 30-days. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client doesn’t make a Qualifying Deposit, or if a Premium or Generation client cannot maintain their status and becomes a Core client without a Qualifying Deposit, the monthly fee of $20 will be added to their next statement and continue to be charged until a Qualifying Deposit is confirmed.

For residents of Quebec: The Quebec Annual Fee (“Annual Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card is $240 and is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a year thereafter. Waiving the Fee is a promotional offer (“Quebec Fee Waiver Offer”) and requires clients to meet specific criteria to qualify. The Annual Fee is automatically waived for any client with Premium or Generation status at the time the Card is issued. If a Core client obtains Premium or Generation status after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current twelve (12) month period, which starts on the anniversary of the Card issuance date (“Card Year”) from the month eligibility is obtained ($20 per month). The Quebec Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Chequing Account within the 30-days preceding the time the Card is issued. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client starts making Qualifying Deposits after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current Card Year from the month eligibility is obtained ($20 per month).

Credit Card Rewards (Cashback Offer)

The cash back promotional offer (“Cashback Offer”) is valid for new and existing users of the Card. The 2% earn rate, which may be subject to change, applies to purchases, excluding cash-like transactions, refunds, any applicable fees and adjustments (“Qualified Spend”). Cash back credits are earned on Qualified Spend only. You may redeem your cash back as soon as the Qualified Spend transaction is settled or up to 10 years after the Qualified Spend transaction is settled. Cash back can be redeemed directly in the app. Cash back can only be deposited into your Wealthsimple chequing, TFSA, RRSP, or non-registered accounts. There is no minimum amount needed to redeem. If a refund is processed after the Cash back credit is redeemed, the amount will be deducted from your rewards balance.

General Terms and Conditions

Wealthsimple Payments Inc. (“Wealthsimple”) reserves the right to amend, withdraw or restrict the Fee Waiver Offer or the Cashback Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the eligibility criteria, and any other issue arising in connection with the Fee Waiver Offer or the Cashback Offer. If Wealthsimple suspects fraud or abuse, system manipulation, or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account in question and take any other action it deems appropriate, including the termination of the card in question. An invitation to participate in the Fee Waiver Offer or the Cashback Offer does not constitute a guarantee that the recommended person will be accepted as a Wealthsimple client. The Fee Waiver Offer and the Cashback Offer are only available to individuals residing in Canada who meet Wealthsimple’s eligibility criteria. The Wealthsimple Visa Infinite +* Credit Card is issued under license by Wealthsimple Payments Inc. * Trademark of Visa Int., used under license.

Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple’s page for more details.

Terms and conditions apply. For the latest product details, please visit Wealthsimple.com.

Annual fee

Primary card$240

Additional card$0

Annual income required

Individual$80,000

Household$150,000

Conversion fees

Earning rate

2xAll spending

Value

1st Year Value$446

2nd Year Value$240

Travel insurance

Travel medical (under 55)Up to $1,000,000 / 21 days

Travel medical (55-64)Up to $1,000,000 / 21 days

Trip CancellationUp to $1,000

Trip InterruptionUp to $1,000

Delayed BaggageUp to $500

Lost BaggageUp to $750

Flight DelayUp to $1,000

Purchase protection

Purchase ProtectionUp to $1,000 / 90 days

Extended Warranty+1 years

Mobile DeviceUp to $1,000

Comments from our members

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Wealthsimple Visa Infinite+* Card

4.5 / 5

Wealthsimple Visa Cash Back

Annual fee: $240
Welcome offerBy invitation for new Wealthsimple clients. Earn 3% extra (5% total) on up to $10,000 in net purchases in the 35 days after approval. Keep the card open and active for 180 days after the offer period.: Up to $500 cash back

Purchases in the first 35 days	Base cash back (2%)	Boost (3%)	Total cash back (5%)
$2,500	$50	$75	$125
$5,000	$100	$150	$250
$10,000	$200	$300	$500

With the Wealthsimple Visa Infinite+* Card, earn 2% cash back on all your purchases, with no categories to track and no cap.

To be eligible for this card, you must have a personal income of at least $80,000 or a household income of at least $150,000.

Before booking, confirm your coverage is active and check your card’s certificate of insurance for age and trip-length limits, qualifying payments, and exclusions.

Legal

Annual Fee Waiver

Credit Card Rewards (Cashback Offer)

General Terms and Conditions

Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple’s page for more details.

Terms and conditions apply. For the latest product details, please visit Wealthsimple.com.

Annual fee

Primary card$240

Additional card$0

Annual income required

Individual$80,000

Household$150,000

Conversion fees

Earning rate

2xAll spending

Value

1st Year Value$446

2nd Year Value$240

Travel insurance

Travel medical (under 55)Up to $1,000,000 / 21 days

Travel medical (55-64)Up to $1,000,000 / 21 days

Trip CancellationUp to $1,000

Trip InterruptionUp to $1,000

Delayed BaggageUp to $500

Lost BaggageUp to $750

Flight DelayUp to $1,000

Purchase protection

Purchase ProtectionUp to $1,000 / 90 days

Extended Warranty+1 years

Mobile DeviceUp to $1,000