No, Wealthsimple is not a bank. We've partnered with a program manager to bring you spending features of Wealthsimple Cash, including the Wealthsimple Cash Visa Prepaid Card which is issued by Peoples Trust Company, a licensed issuer of Visa International Incorporated. These services are provided by service providers including Visa and Galileo Processing.

Wealthsimple Cash is operated by Wealthsimple Payments Inc.