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4.5/5
Our editorial rating rationale
- No fees, no minimums
- Peer-to-peer payments (like Venmo)
🏆 2026 Award WinnerFintechBest for: Investors who want banking + investing in one app
Wealthsimple Cash is a no-fee chequing account using a prepaid Mastercard. It earns 1.25% interest on balances, charges no foreign transaction fees, and reimburses ATM fees worldwide. It links seamlessly to Wealthsimple's investing platform.
2026 Award Winner
This product won Best Banking Experience for Young Canadians in the Maple Wallet 2026 Best Of Awards.
See all 2026 award winners →Monthly Fee
$0
Fee Note
Always free
Key Features
No fees, no minimums
Peer-to-peer payments (like Venmo)
Seamlessly linked to Wealthsimple Invest & Trade
1.25% interest on your balance
No FX fees
WS reimburses fees charged by ATM providers globally