Anyone else feeling some trust erosion as a Wealthsimple Premium user?

I’ve been a loyal Wealthsimple user for years and have moved all of my money over to them. Lately, however, I’m finding my confidence shaken.

  • Advisory Service Shifts: Their complimentary advisory financial planning service are no longer be available as of Jan 2026.
  • Cash Back Discontinued: The cash back on the debit card was a core reason I used it for daily spending. With that gone (0% as of Oct 2025), a major incentive to stay has vanished.
  • Credit Card Rollout: Between the long waitlists and the somewhat disorganized rollout, the experience hasn't felt like a priority service promised to Premium users.

I still like the app but when you trust a company with your life savings, you look for stability. These changes make me wonder what change is coming next.

Posted Feb 15, 2026, 3:57 PM UTC

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