Promo: Get $50 Bonus from WealthSimple and iPhone 7 Draw


Here’s your chance to get a $50 bonus from WealthSimple, plus enter the iPhone 7 draw!

The first was thanks to our friends over at Orchard, the easiest and quickest way to buy and sell iPhones in Canada.

Screenshot 2016 09 21 11 18 35

Today’s promo comes to you from WealthSimple, the largest automated investing service in Canada, which you can manage straight from your iPhone.

They’ve teamed up with us to offer the iPhone in Canada nation a $50 bonus when you register and fund your account. The bonus comes with a cherry on top–a free entry into the 128GB Jet Black iPhone 7 draw.

All you have to do is fund your WealthSimple account as a NEW customer—which also comes with a $50 bonus—then you’ll get the iPhone 7 bonus entry.

Click here to fund your WealthSimple account as a new customer—get your $50 bonus—and gain an entry into the 128GB Jet Black iPhone 7 draw.

The bonus runs from September 21, 2016 until October 12, 2016 at 11:59PM PST. The iPhone 7 bonus winner must have a Canadian shipping address. Good luck!


  • Mr Dog

    What if I signed up for an account prior to this but never funded it. If I fund it now, will I get entered? 🙂

  • Salinger

    How do we enter without funding an account?

  • Funding a new account is the requirement to enter this contest.

  • xxxJDxxx

    Any limit on the amount of funds we must transfer to be entered?

  • Illegal Contest?

    I didn’t think it was legal to have a contest in Canada that required a purchase….

  • Salinger

    Isn’t requiring a purchase to enter a contest illegal in Canada?

  • Mr Dog

    You are technically not purchasing anything, just investing your money.

  • Janker

    You’re not even investing your money – you just have to fund the account. Can close it after the contest closes and get your money back (minus any fees).

  • MrDPrize

    Where are the rules for the contest?

  • Don B

    Entered! Was always thinking of signing up for wealthsimple but now I have…thanks for the contest.

    For those whining that you can’t enter or asking for rules or whatever…it’s because of you we can’t get nice things. This is a simple contest where if you fund you get entered, so if you don’t want to enter, that’s cool with me, better odds hahah

  • Ian

    Their fees are $8/month from what I can tell…

    Sounds like a very lucrative contest for them… Get 1,000 new subscribers (oooops, people who fund their accounts), and they make $8000 in fees (less x2 iPhones @ $2,300)

    Now if they “subscribe” 10,000 funders…. That’s $80,000 and subtract @ $2,300, and you just made $77,000 from a CONTEST… lol

    Sounds like I’m in the wrong business… lol

  • Salinger

    Yes, that pesky criminal code thing again. Imagine trying to have consumer protection laws in this country. The nerve!

  • Salinger

    The criminal code prohibits a requirement that a product or service be purchased as the sole condition of contest participation. In this case, you may be investing your own money, but you are doing so as a requirement to use their service and thereby enter the contest. It’s illegal, no technicality.

    It’s not a big deal to me, I’d never pursue a complaint or anything, but an investment firm that isn’t aware of this? Red flag.

  • @416ash

    Isn’t illegal to require a purchase for a contest in Ontario. Pretty sure it is. Funding an account, is by definition a purchase since there are fees involved. Pretty sure even WealthSimple and iPhone in Canada are both breaking rules. WealthSimple needs to follow many more regulatory rules. IIROC, FSCO, etc. I’m sure they’ll be interested.

  • FragilityG4

    How long have you been working for wealthsimple?

  • xxxJDxxx

    How do I actually know if I’m entered? I funded my account with some money, but there was no confirmation or anything.

  • Mr Dog

    Except you are not paying them to do nothing. Those fees are not pure profit.

    They are providing a service just like everything else you pay for and take a lot of risk.

  • xxxJDxxx

    So my funds are now in my account. I haven’t received the $50 bonus nor any kind of confirmation of contest entry. What gives??!

  • We’re told the bonus will take a few business days to be deposited. You did sign up with the link provided, correct?

  • joeyconnick

    What are you people talking about? You don’t have to purchase anything or sign up to get an entry to the contest… it’s for a *bonus* entry. This is a very common practice: one entry is free (has to be as required by law) but bonus entries can have whatever conditions the company wants (often spamming your friends or social media). Check Starbucks For Life that they ran this summer: you got entries mainly based on the number of purchases you made but if you checked the fine print, you could get one free entry a day by simply providing your contact details.

    What *is* weird is the WealthSimple bonus is supposed to go to Oct 12 but the Orchard contest says it’s no longer accepting entries. Should have listed the different end date for the Orchard contest bonus in this article.

  • xxxJDxxx

    Yes, signed up via the link provided. Now that it’s been a few business days I still dont see the funds in my account. Starting to get annoyed. They’ve also already lost some of the funds that I did deposit.

  • Send me an email and I’ll see what I can do

  • Mr Dog

    I think that sentence is just confusing 😛

    They are just saying thatnks to Orchard in that sentence for sponsoring the first iPhone giveaway which was done already.

  • Mr Dog

    Is there any confirmation of being entered?

  • xxxJDxxx

    Thanks Gary, contacted wealthsimple and got an odd reply. They are telling me that I am entered and eligible for the $50, but they cannot deposit it into my account without further information. They’ve now requested:

    “A cleared cheque or
    A bank screenshot which shows: your name, bank logo, full bank account and transit number, total balance of account or
    A copy of a recent bank statement (the entire statement)”

    Did anyone else have to go through this? Why me? This seems like a lot of hassle and personal information to give out over email.

  • That is a verification step that everybody goes through, I believe.

  • Lakh Jhajj

    Gary, I am having the same issue. I opened the account funded it. But no bonus deposit yet. I hope I get a chance in the giveaway at least.

  • xxxJDxxx

    So upon completing the verification step, e-mailing back and forth with their support, being told I had to e-sign some more documents, then signing those documents, then waiting another week I STILL have yet to receive this promo offer. Oh, and the funds that I did deposit have continued to decline steadily. Their inability to handle this relatively simple promo despite repeated contact with their support team does not instill confidence in their organizational or customer service skills. Two things you would think important to a company asking to handle large amounts of your money. At this point I’m just glad I didn’t give them any substantial amount of my money.

  • Email me and I can check.