Wealthsimple Cash Review - Peer-to-peer payment platform ($25 Sign-up Bonus)

In this video I review the Wealthsimple Cash Card. Features of this card has changed. I will make a updated video once the card is fully out. Wealthsimple cash without the card is a peer-to-peer payment platform.

Send money in seconds with Wealthsimple Cash 💸 Sign up now and you’ll get $25 when you use my code ZTYWBA or use the link

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RECOMMENDED VIDEOS

Watch my video on Stack VS Koho

Watch my review on Wealthsimple Invest

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FINANCIAL PRODUCTS I USE

Wealthsimple Invest - Robo-advisor Investing app ($50 Sign-up Bonus)

Wealthsimple Trade - Commission-Free Trading App ($5 Sign-up Bonus)

EQ Bank Savings Plus Account - Get an everyday 1.70% interest rate*

KOHO - Spending account with a reloadable prepaid Visa (Get an extra 1% cash back for 90 days)

Mogo - Prepaid Visa, Free Credit Scores, Free Identity Fraud Protection Bitcoin Investing & more

Ampli - Cashback Rewards App ($5 Sign-up Bonus)

Borrowell - Free Credit Scores, loans & personal recommendations

Moka (Mylo) - Investing App ($5 Sign-up Bonus)

Stack - No FX Fees Prepaid Mastercard ($5 Sign-up Bonus)

Tangerine - Best No Fee Chequing Account & Savings Account ($50 Sign-up Bonus)

Swagbucks - Earn Free Gift Cards by answering surveys, watching videos, shopping online, and more ($3 Sign-up Bonus)

Paymi - Cashback Rewards App ($5 Sign-up Bonus)

Caddle - Earn Cashback by uploading receipts, watching ads and answering surveys ($1 Sign-up Bonus)

Honey - The Free browser extension for discount codes ($5 sign-up bonus)

Public Mobile - Cheapest Phone Plans in the Country ($10 Sign-up Bonus)

Honeygain - passive money making app ($5 Sign-up bonus)

CashMagnet - passive money making app

Cash Alarm - passive money making app (4444 coins Sign-up bonus)

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DISCLAIMER - This is not a sponsored video, all my content is my own opinion and experiences. I am not a financial advisor and my videos are for entertainment purposes only. The financial products above contain affiliate links. Which means I earn a commission when signing up using my link at no extra cost to you. In most cases you get a sign-up bonus. All of my affiliate partners are with companies I use for my own personal finances.

Music: Coupe By The Grand Affair

[CharleeWayne]

Send money in seconds with Wealthsimple Cash 💸 Sign up now and you’ll get $25 when you use my code ZTYWBA or use the link

[CharleeWayne]

Let me know what you think of Wealthsimple Cash?

[marc-antoinelalonde]

Including Quebec nice! Thanks to have mentioned it! :)

[hkzergy]

amazing video straight to the point and no time wasting talks that other people do to make their videos longer

[iAngeL]

I put the video on 4k and still looks like 430P. Thank for the video :D

[NishantNichani]

Love all your videos brother. I have a question, can we transfer funds within different accounts on wealthsimple? For e.g, from Personal to TFSA/RRSP or vice-versa?

[OmarHFares]

I honestly think it's really innovation and cool. The only thing is I believe it's not CDIC insured so for a question below is my money safe? I believe it can be but I am a little skeptical about no CDIC insurance. Still haven't done it myself but definitely will look more into it and will probably do a video after I try it out. Thanks for sharing !

[eyesontheprize]

Thanks Charlee. Where would you put a large lump sum from an income tax refund that you plan to slowly withdraw from for living expenses within 4 months. Is it worth opening a WS account for that sort of money?

[jeremyeade]

Hey does anyone know if the physical card is available yet? I want this card. Yes, I’m that shallow.

[titchglover]

you said wealth simple so many times that I now hate it. sorry can't do it.

[outworkthework]

Nice idea but sounds limiting and sketchy without the CIDC protection... Now if they offered this as a TFSA or RRSP account, with CIDC protection then I might be interested. I like what Wealth guys are doing so eventually I suspect they will retune this account to address the concerns.

[badhans]

is there any way or any prepaid card that you can receive e-transfer ??

[oc]

Will my money be safe in it? Like if the bank goes bankrupt

[MrKrc]

No Frills recently started accepting VISA.

[CyTaux]

Just finished signing up for the cash account. Does it automatically send me a card or do i need to make any further steps? A question many of us have, thanks

[ChoicesHabitsAttitudeLuck]

are they planning to have a physical location of a bank?

[Angell_Lee]

Is it worth it for me to save my money with Wealthsimple Cash for the down payment of my house, because of their 0.9% interest? Instead of putting it in a TFSA with RBC that has a 0.39% interest. Would I be loosing more or gain more because I would have to pay the taxes of the interest with WealthSimple. PS: Great video as always :o)

[kaybeluv]

Do you know if I will be able to find my Wealthsimple Trade portfolio with this account?

[TakashiNippon]

@7:20 I dont think Stack is irrelevant. I have Stack for one thing mostly... Foreign ATM withdrawals. With Wealthsimple u dont get that reimbursed.

[someguy]

2:10 what do you mean by having to pay taxes on the earnings on the account? Didn’t see any infos on it on their website!