Wealthsimple

Chequing account

Wealthsimple Cash

Best for

No monthly fee, no ATM fees and no foreign exchange fees, which is unusual in Canada.

Monthly fee

None

Transactions

Unlimited

e-Transfers

Free

No foreign exchange fees on card spending, and ATM fees are reimbursed on eligible plans.

Rate verified August 3, 2026 · confirm with Wealthsimple before applying.

Run the numbers

Compound interest calculator

Is a fee-waiver balance worth more than the fee it saves?

Take-home pay calculator

Know what's actually landing in the account.

For the everyday spending that runs through it.

Frequently asked questions

Does the Wealthsimple Cash have monthly fees?

No, it's a genuinely no-fee account. Transactions are unlimited. Interac e-Transfers are free.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with Wealthsimple before you apply.

Other chequing accounts

Simplii No Fee Chequing Account

Simplii Financial

Tangerine No-Fee Daily Chequing Account

PC Money Account

Neo Money Account

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.

Written by

VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Wealthsimple Cash.” VaultNerd, https://www.vaultnerd.com/ca/chequing-accounts/wealthsimple-cash-chequing, updated August 2026.

Sources

Wealthsimple published product and rate pages
VaultNerd products database