Posted by William Charles on July 20, 2017
Deals

Published on July 20th, 2017 | by William Charles

55

[Targeted] Drop: 75,000 Points (Worth $75) For Signing Up For Free WealthSimple Account

Now requires a deposit of $500, still a great deal.

Warning: Lots of people have been having issues with Drop. I think this is a good deal but use Drop at your own risk. 

The Offer

  • Drop is offering 75,000 points (worth $75) when you sign up for a free Wealthsimple account

Update 8/9/17: They’ve now added a requirement to fund the Wealthsimple account with $500 in order to be eligible.

The Fine Print

  • Targeted offer, not available to all Drop users
  • Can only be used once

Our Verdict

Wealthsimple is an investment app, similar to Acorns. There is no account minimum and they charge a fee of 0.5% fee (or 0.4% for large balances or 0% for small balances). Seems like funding the account with just $1 will trigger the Drop offer and in addition you can withdraw anything you add. You can read our review of Drop here, keep in mind those issues and the fact they added new terms that applied retroactively.

Hat tip to @MoneyMetagame



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Justin
Justin

Too bad I was shut down

gary
gary

i just unlinked all my accounts after they failed to post transactions and ignored support request via their app, just the automated reply then nothing for over a week now. No trust in them.

gary
gary

also to note. tried to redeem and get processing error no matter which option i tried

Elias
Elias

I just did the offer and the funding is in process. I will keep you updated if I get my bonus.

Thanks Doc.

Ry5
Ry5

I just did the offer and funded $20. Will update if I get the bonus as well. I have already redeemed a $5 Starbucks gift card from Drop based on their stupid initial rewards.

Ry5
Ry5

My points credited today after a SM to support. They promptly replied and now I have 75000 points.

GM
GM

I see the offer, might give it a try. On a unrelated note, their boxed offer shows up after I used both available amex offers I had. Interestingly, amex is the only account I have linked on drop!

Aj
Aj

There is a new $25 off $75 boxed.com amex offer. Check your account

P
P

Have not had any offer credit since I started so. It gonna try this one.

BR
BR

How do you fund WealthSimple? Any MS angle here?

Chuck

They only allow bank funding. Drop accepts bank logins too, so I guess that’s how they’ll see that you used the offer.
The verbiage of the offer is a bit misleading since it says “spend with your linked cards”, should say with your linked bank.

Jay
Jay

I did this offer during the first day that it was released (July 16, or at least that’s when I was notified of the new offer).

The full 75k just posted today, and I immediately redeemed 80k points for $80 Amazon GC (I already had some points from completing the Amazon offer, and it tracked all of my Walmart AO $50 pGC purchases too).

The eGC delivery emails arrived pretty much instantaneously (within a few seconds), which left me pleasantly surprised considering the number of negative DPs that have been going around recently.

Kind of annoying that it came in 8 separate emails/codes of $10 each though, rather than one $80 code.

Amol
Amol

I did this last week. Just make sure email addresses are the same. Deposited $20 from my bank. Points showed a few days later. I’ve had issues with Drop but this was very easy.

Jim
Jim

Will there be a hard pull for this?

Div
Div

I have same the question, if this is going to be a hard pull or what after opening a Wealthsimple account? Can someone pls confirm?

Chuck

I did the deal. 99.9% sure there is no hard pull.

Matt Ivan

I did it a few days ago. They’ve been paying out rewards as expected for me so I’m gonna keep the system going.

DSP
DSP

I told them I was 146 years old and would sell all my assets if the market dropped 10%. They recommend 50/50 stock/bond. What a bunch of fucking idiots.

krispy4
krispy4

by the immaturity of your responses, they probably took you for a child and thus recommended an aggressive portfolio, since you still have a lot of growing up to do.

jz
jz

I don’t have a drop account. Can I sign up to get the offer?

Brian C

Yes, anyone can sign up. There is no referral thread because the referral bonus is so low (only $1), but feel free to use this link

https://b.ewd.io/code?c=kzvvu

Once you are signed in, fill out your profile and wait, the offers usually show up every day or so. No guarantees, but everyone i know with the app has had that offer pop up. i just activated it myself today.

jz
jz

so once the offer shows up, i’ll need to create a Wealthsimple account and transfer $1 to trigger the bonus. Do I need to use the money to trade in Wealthsimple or just simple transferring money from my bank account is enough?

Brian C

Based on what the others are commenting, it doens’t look like you need to do anything past the funding with $1, however i have not done the deal yet. It doesn’t expire until December, i am waiting to see if anyone advises of anything negative. No rush 🙂

Chuck
Nick
Nick

Did anyone not link the checking account they made the deposit from and get the bonus? I have my amex cards linked and I am still able to cash out approx $20 a week of normal transactions but I don’t have a checking account I’m willing to risk. I just closed 2 that I got for the bonus and would have used one of those. All my current ones have to much money or value for depositing money orders to risk for $75.

jz
jz

I linked Amx CC in Drop, but funded Wealthsimple with one checking account. Do i need to link the same checking account in Drop?

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