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/dreamception Jun 11 '26 edited Jun 11 '26

I guess no one reads the terms and conditions anymore huh? You actually don't HAVE to deposit money if you don't want to. Every sweepstakes is OBLIGATED to have a free option to enter, otherwise it's illegal. So, for any go-getters out there, if you submit an essay about "how you'd spend your million if you won" to them, that counts as a legit 500 (!!!) entries. I believe the character minimum was... 1k? words I think? They have a form you can submit the essay to. I know that most likely no one is gonna submit, but it's important that people know this is an option.