When will Wealthsimple offer the FHSA?
On July 5, 2023, Wealthsimple confirmed that the FHSA (First Home Savings Account) will be made available in Summer 2023. Some members who signed up for the waitlist have been invited for early access to open an account.
To join the waitlist to open an FHSA with Wealthsimple, visit this webpage. Some Wealthsimple members who signed up for the waitlist have reportedly been invited for access as early as June 2023. But in any case, the Wealthsimple FHSA is still in beta testing, and it is not officially released for everyone just yet.
How to know if you have received an early invite?
I signed up for the waitlist in either late June or early July 2023, and I received an email notification that I am now able to open an FHSA as of July 13, 2023.
FHSA is only available on Wealthsimple Mobile, for now
When the FHSA is available to you, you will receive a prompt upon opening the Wealthsimple app on mobile. It is not currently available on desktop or the web as of yet.
You can choose to close this prompt if you're not ready to open an account yet, and you will be able to find the option to open it later near the bottom of the app homepage as shown in the screenshots below.
If you haven't received an early invite, sit tight, as it's coming soon...
Wealthsimple has confirmed on Twitter that their FHSA account will officially be launched in Summer 2023. This means that it will be released for everyone in the next few weeks, before September rolls around.
1. FHSA is coming soon! to be launched this summer.
— Wealthsimple (@Wealthsimple) July 5, 2023