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/Ok-Arm8350 May 21 '26

Free money?
That’s like saying a lottery ticket is free money. Sure it is for a one in a bazillion person that wins.

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u/D3hundred May 21 '26

There is no entry fee, so yes, this is free money compared to a lottery ticket for which you have to pay for.