[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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Ben T.
Ben T.

For those who missed this, Swagbucks has a $30 offer (minimum deposit of $100) and $10k managed fee free for a year. MyPoints has a 5000 point offer ~$35 with the same $10k managed fee free for a year.

Fred
Fred

I opened this in October. Emailed customer service in January to confirm I wouldn’t be charged a fee for transferring my holdings to another brokerage. Transferred this week and was hit with a $75 fee, but after I complained they said it was charged by Apex Clearing and that they will refund it to me.

Gadget
Gadget

Just getting around to doing this deal now. One thing i see has changed – Drop terms state $500 must be invested for at least 30 days. I imagine that means the bonus on Drop won’t post for at least a month. I guess I will find out.

Gadget
Gadget

So, still waiting by on my points. Sent message to Drop yesterday, waiting on a response. I am jealous of those who got paid in a day. I don’t see how they could deny my claim – when I login to WS, it shows I signed up thru Drop by the amount I get managed for free. Terms state payout in 45 days, so I have a feeling they are going to say 45 after 30 days of investing.

I am not having much luck with Drop overall. I did like that my US Bank account kept having me relink for 500 pts quite often, but it appears that is fixed. Pretty sure I missed out on 8000 pts for a recent Hello Fresh deal too…. Going to contact them about HF after this gets fixed.

Ozzie
Ozzie

I signed up with Drop with the *doctorofcredit* referral code for 5,000 bonus points. Opened a Wealthsimple account yesterday, funded $500 from my bank and got the other 75,000 bonus points today. Didn’t think I’d get the points so quickly. Easy!

Josh
Josh

No. It’s like a brokerage account.

Josh
Josh

Sorry, this was in response to Brian C.

Josh
Josh

Just fyi it takes 7 days to pull your money out.

Ricky
Ricky

Share my wealthsimple link in case any one want to use – https://b.ewd.io/agtq/EKlWQKC8ZG

RogeR
RogeR

I still havent received my 75000 point sinspite of sending email to Drop support.
Did anybody complain to the CFPB or put a message for them in twitter?
Thannks

Dan
Dan

I had to email drop support and they manually posted my credit 2 weeks after. I had to follow up with the 2 weeks.

jz
jz

When can I close my WealthSimple Account after i got the bonus points?

Brian C
Brian C

Forgive me community, I’m still relatively new at the miles and points game….

Does this account show up on our credit report?

Is there a credit check/pull of any kind, or any real downside to doing this?