If you can wait a few days, WS will convert through Norbert’s Gambit though, is this correct? From Chat: Yes—Wealthsimple now supports Norbert’s Gambit using DLR/DLR.U. For converting exactly $10,000 CAD to USD: * Regular Wealthsimple conversion: 1.0% = approximately $100 CAD * Norbert’s Gambit: $9.95 + GST = $10.45 CAD, plus a small bid–ask spread So Norbert’s Gambit should save you roughly $85–$90 on $10,000. A few details: * You need an active USD account—which should be complimentary with your Generation status. * It currently must be done through the Wealthsimple website, not the app. * Buy DLR in Canadian dollars, select Journal shares, wait approximately two business days, then sell the resulting DLR.U for USD. * Use limit orders to control the purchase and selling prices. Important: don’t convert $9,999.99, because that falls into Wealthsimple’s 1.5% bracket. Exactly $10,000 qualifies for the reduced 1.0% rate. Wealthsimple’s Norbert’s Gambit instructions and current FX fee schedule
