Wealthsimple alternatives
short answerRanked by how closely they match Wealthsimple on structure — custody, license type, card and overlapping markets — the nearest alternatives in the dataset are EQ Bank, KOHO and Neo Financial, which share the same traditional model and custodial custody; all three are available in North America. This is a similarity ranking from verified fields, not a popularity list or an editorial pick — all 8 peers are compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| EQ Bank | traditional | Toronto, CA | — | directory → |
| KOHO | traditional | Toronto, CA | — | directory → |
| Neo Financial | traditional | Calgary, CA | — | directory → |
| Haventree Bank | traditional | Toronto, CA | — | directory → |
| Albert | traditional | Culver City, US | — | directory → |
| Ally Bank | traditional | Detroit, US | — | directory → |
| Chime | traditional | San Francisco, US | 22M members (2024) | directory → |
| Current | traditional | New York, US | — | directory → |
go deeperBack to the Wealthsimple profile, ask who owns Wealthsimple?, or filter your own shortlist in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.