Briguy said
That's great ! I have an account with WS and really value it.
But WS shouldn't be your only bank for various reasons including:
1) can receive wired money, but not as reliably as a bank because of convoluted routing
2) sometimes you need a money order/bank draft as a deposit for use of a condo elevator, and then when you haven't damaged the building you get the bank draft back and need to return it to your bank account
3) no gic, preferred shares, mutual funds, bonds
4) no free US accounts unless you have over 100K in deposits
5) not allowed to have it while living outside Canada as a non Canadian tax resident
6) wouldn't be the best FI to have an estate account with
7) Everyone should always deal with more than one bank in case their accounts get hacked or frozen at one of the banks  

I am sorry, but how is it relevant to the topic?

Set everything up Monday evening, using the “Express” option. Took about 1 min in the app.

It was free (contrary to what WS itself claims here: https://help.wealthsimple.com/.....ng-account)

WS provided updates as the package went via various shipping phases.

Got it delivered today via FedEx. We are off the beaten track and Monday was a bank holiday; otherwise they deliver next day.

That said, trackers may be there for very good reasons; eg fraud detection, session management, bot attacks, impossible travel anomalies, software optimization and continuous improvement, etc. I really like some of WS security features like trusted places, Passkey and Trusted Contact Person. Not sure RBC gives me that; at least they didn’t advertise. But I am really down on RBC ever since they randomly withdrew cash from my savings account and never responded to my formal complaint. I wish they had better software.

My WS account remains open with a total of $0.00 on deposit/invested.

Regulatory scrutiny has nothing to do with this.

Kasper665 said
WS decided to partner with an elon company. That's not media hype.

Add that with their recent plan to enter into the prediction market and I'm out.

IMO, WS is now the tesla of Canadian financial institutions.

Nice work WS! /s.  

With you 100%. Initially, I was impressed by what WS was attempting to challenge the established banking order and offer a no-fee foreign exchange option . It seems, to build a client and deposit base to attract investors/purchaser/IPO, WS has resorted to gimmicks and glitter. Crypto, partnering with Musk et al, lack of transparency, unicorn credit cards – I'm out and have withdrawn all my cash and investment account holdings.
WS apparently prides itself in not holding a banking licence. Canadians are fortunate to have alternatives offering modern digital investing, banking and credit alternatives [including some without fx service charges] that are not opposed to regulatory scrutiny.

Add that with their recent plan to enter into the prediction market and I'm out.

IMO, WS is now the tesla of Canadian financial institutions.

Nice work WS! /s.

There will be something to click in the X app. If an X app user clicks it, the Wealthsimple app comes up and shows the stock. One can then place a trade in the Wealthsimple app. No different than a link or ad on some influencer's web page that navigates to an Amazon page to order a promoted item.

Wealthsimple explains how it actually works in How Smart Cashtags on X are directed to Wealthsimple:

Can I trade directly inside X?

No. X is just the entry point. Tapping a ticker simply removes the friction of opening a new app and searching for the stock yourself. All trading and account activity happens entirely within Wealthsimple.

I have no skin in this game, but I thought I'd share.

Dean

Making me REALLY uncomfortable. Not just because they are trying to earn profits off people being stupid. That part is fine; every FI does it. I am concerned about potential vulnerabilities and information flows stemming from this partnership.

KamWest said
…

If I charge a travel package for 4 people and it has medical insurance etc, are all 4 travelers covered or is it just the card holder.
…

Depends on who the four people are. Could be no medical coverage if none of them is the cardholder, cardholder's spouse, or a dependent, unmarried child living in the same household.

See the Certificate of insurance.