EXAMPLE
Let’s say you had $50,000 in your Wealthsimple account at the start of the promotion and transferred assets valued at $150,000 to earn a reward. Your net funding amount is now $200,000.
Since the minimum you need to get your reward was $100,000 and you are granted a 5% buffer, you will need to keep a minimum of $145,000 ($50,000 plus 95% of $100,000) across your Wealthsimple accounts or we will consider recovering the cash value of the reward.
Should your balance fall below $145,000 before the hold period ends, you will receive a warning email and we will allow you to redeposit funds and restore your minimum.