12
Mar
Wealthsimple Cash Reddit. Our Cash product is offered by Wealthsimple Payments Inc a money services business registered by FINTRAC. WASI a registered mutual fund dealer in each province and territory of Canada. Some clients of Wealthsimple for Advisors have accounts with Wealthsimple Advisor Services Inc. Dear reddit I am a long time reddit lurker but I am posting this under a new account because I dont want my identity to be known.
Any thoughts on the cash holding service. Wealthsimple Cash offers Canadians access to high-interest savings and a free peer-to-peer payment platform that makes sending money to friends and family easier than ever. Start saving for your next big milestone a down payment a big purchase or even your dream vacation. CDIC is not a bank or a private insurance company. I wrote the bulk of this comment before Christmas day but never got the courage to post it. There is no minimum balance and unlimited transactions.
CDIC is a federal Crown corporation.
As of August 2019 the firm holds over C5 billion in assets under management. CDIC is not a bank or a private insurance company. Wealthsimple Cash accounts are held in trust at a Canada Deposit Insurance Corporation CDIC member institution. Our Cash product is offered by Wealthsimple Payments Inc a money services business registered by FINTRAC. First announced in January 2020 Wealthsimple began rolling out the first feature of its new Cash product in beta to select employees and clients last November. Wealthsimple Cash doesnt offer the highest interest rate for a HISA but it does have lots of excellent soon-to-come extras that will make it one of the top hybrid accounts in Canada.