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.
- 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
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