Wealthsimple Draws $17B in Q2 as Chequing Sign-Ups Outpace Investing
Wealthsimple says new chequing sign-ups outpaced new investment accounts for the first time in Q2 2026, as the Toronto fintech pulled in about $17 billion in net inflows and pushes further into everyday banking.
Chequing overtakes investing among new sign-ups
Wealthsimple said it pulled in roughly $17 billion in net inflows during the second quarter of 2026, pushing total assets on the platform to about $155 billion. For the first time, the company said, new chequing-account openings outpaced new investment-account openings, a shift that underscores how far the Toronto-based firm has moved beyond its original robo-advisor roots.
The banking push is set to widen further. Wealthsimple is preparing to launch a no-fee USD chequing account this fall, which it describes as a first-of-its-kind borderless account built on both US and Canadian payment rails. The rollout will also include Kids and Teens accounts and a lineup aimed at business customers.
One view across accounts
The company is also promoting a feature called Wealthsimple Households, which gives users a consolidated view spanning chequing, investment and mortgage accounts held within a household. Taken together, the inflow numbers and the account data point to a firm increasingly positioning itself as an everyday banking hub rather than strictly an investing app.
- Q2 2026 net inflows: about $17 billion - Total assets: about $155 billion - New USD chequing account: due fall 2026, no fee, US and Canadian rails - Also coming: Kids and Teens accounts, business banking
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