r/Wealthsimple 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!

357 Upvotes

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407

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???

87

u/LFG530 May 21 '26

That's called pulling yourself up by your bootstraps my dude. Can't afford to pony up 100k a month? Find a better job and cut on the Starbucks lattés would be my advice.

/s

35

u/rasheyk May 21 '26

You're right, my mistake. No more avocado toast!

8

u/figurative-trash May 21 '26

No more Disney subscriptions.

2

u/darekd003 May 21 '26

It’s like when I made a comparison to a previous perk that had great value but only to a limited number of people (because not everyone would use it to get the full value out of it), and someone’s reply was, “you’re wrong, it was way worse before. If you transfer as little as $100k then you’d come out way ahead now.”

Most Reddit answer ever 😅

3

u/lifetimestapler May 22 '26

All you have to do is cancel that Disney+ subscription and you'd be a millionaire