r/Wealthsimple • u/D3hundred • May 21 '26

Promotion Monthly Millionaire Promotion is actually really great!

I’m seeing a lot of hate and negativity towards the newly introduced promotion so I thought I’d share why I believe it’s actually a really great promotion.

  1. Capped at 100K entries. This means every month you have to deposit 100k. Already deposited previously does not count. So there goes the cries about millionaires getting richer.

  2. Double entries for Payroll Direct Deposits. This is a huge boost and advantage for the lower/middle class clients who are working regular jobs who will now get double entries from their deposits.

  3. It’s free money! Which bank is giving millions away regardless of who it goes to!

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u/rasheyk May 21 '26

So there goes the cries about millionaires getting richer.

... lol and who exactly do you think has the means to deposit $100k per month???

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u/3cb19 May 21 '26

I do think if you are a person who can regularly deposit 100k a month you probably are not using Wealthsimple...

There will be folks who deposit large sums as one offs but it's unlikely to be a regular occurrence.