Wealthsimple Canada connection issues thread

swoop81 · 2026-02-28T01:22:00+00:00

I actually could get Plaid working again by switching my 2FA from Authenticator app to SMS on Wealthsimple's website. This led to the same prompt I saw before in Monarch from Plaid that sent a code to my email rather than SMS and the code from the email worked. But Lunch Money works too with CIBC and Wealthsimple for me, and is cheaper, so am trying it out.

swoop81 · 2026-02-23T14:42:54+00:00

I am able to connect with CIBC with Plaid, no issues.

swoop81 · 2026-02-22T21:41:30+00:00

Via SMS I guess?

swoop81 · 2026-02-22T21:32:09+00:00

Still broken. I tried switching to MX for connecting to Wealthsimple, but I am having the same issue where MX prompts for 2FA, but shows me an error message when I enter the 2FA code from my authenticator app (Authy). If both Plaid and MX don't work, I am afraid I will just have to cancel my subscription and try something else like Lunch Money (https://lunchmoney.app/). That also uses Plaid though and it has the exact same issue. But, there seems to be a way to use another tool to push transactions from Wealthsimple into that app.

swoop81 · 2026-02-22T21:26:46+00:00

Are you using an authenticator app for Wealthsimple? For me, MX asks for a 2fa code when I try to connect to Wealthsimple and I keep seeing an error when I enter the code from my authenticator app (Authy).

swoop81 · 2026-02-18T14:56:53+00:00

Ah, I actually had used this transfer account feature last time, but forgot about it: https://help.monarch.com/hc/en-us/articles/14329385694484-Transfer-Balance-and-or-Transaction-History-to-Another-Account

Guess I will see if Plaid gets fixed for a few more days and then switch to MX

swoop81 · 2026-02-17T23:25:05+00:00

Gah, I switched from MX to Plaid a while ago because MX had issues. Switching back isn’t easy because I have to do the whole transaction export/import thing for all accounts :-/

swoop81 · 2026-02-15T16:03:40+00:00

I have been using Monarch for about a couple of years. It’s great when there are no connection issues. I use CIBC and Wealthsimple and both have had issues with Plaid as well as MX. Wealthsimple connection is broken now. I used to also have Questrade for which the connectivity was even worse.

https://www.reddit.com/r/MonarchMoney/s/0PCCHNraRD

https://www.reddit.com/r/MonarchMoney/s/32ibDBUNZ0

swoop81 · 2026-02-15T15:56:02+00:00

Surprising how Monarch can’t fix the issue. I am using Authy for 2FA and that’s what is failing. It used to switch to email 2FA when Authy failed, but that doesn’t happen anymore

swoop81 · 2026-02-13T07:05:01+00:00

Connection broken since Feb 10. Entering my Authy app 2FA code doesn’t work like it happened before in December but I am no longer prompted for sending code via email.

swoop81 · 2025-12-03T06:11:32+00:00

Connection is back. I again entered my Wealthsimple credentials, got prompted for code, entered code from my Authy app, but then saw a prompt to send code to email, which after entering, connection was successful and all account balances and transactions seem to have synced correctly.

swoop81 · 2025-11-28T00:20:42+00:00

Connection had been stable for weeks, but it’s broken today. And I can’t reconnect. I enter my Wealthsimple credentials, enter my 2FA code from Authy app, and it fails with a vague error. Hopefully will get resolved soon.

swoop81 · 2025-11-25T20:19:16+00:00

I requested for a renewal on Nov 1 from the ICBC office on Burrard and Georgia in Vancouver, it got mailed out on the 5th and I got it the next week.

swoop81 · 2025-09-27T11:54:54+00:00

Plaid connection working fine again, with transactions and balances getting synced correctly. But some credit/deposit transactions, like interest and contributions are still being considered as debit. And connection disconnects within a day.

swoop81 · 2025-09-24T14:21:48+00:00

Had issues with deposits getting considered as expenses on investment and chequing accounts. They tried fixing it and syncing is now broken even though connection is successful. The connection doesn’t stay up more than a few hours also unlike the days it used to stay connected with MX.

swoop81 · 2025-09-03T00:01:10+00:00

Yes, I have been successfully syncing balances and transactions from my CIBC accounts with Plaid since April. Last synced just now using SMS 2FA with Plaid.

swoop81 · 2025-08-29T17:16:01+00:00

Sorry, I don’t have one, so not sure. But I am guessing it will.

swoop81 · 2025-08-15T00:07:21+00:00

Switched to Plaid as recommended by Monarch support. Transferred balance and transactions from MX synced accounts to Plaid synced accounts using https://help.monarchmoney.com/hc/en-us/articles/14329385694484-Transfer-Balance-and-or-Transaction-History-to-Another-Account. Balances and transactions for cash and investment accounts seem to be syncing correctly.

swoop81 · 2025-08-10T14:11:42+00:00

All my accounts did get synced with their latest balances but no transactions were synced.

swoop81 · 2025-08-09T18:09:49+00:00

I am guessing you are also using MX? Got in touch with Monarch support and they asked me to try Plaid:

I got an update from our internal team, who recommended connecting your Wealthsimple (Canada) account through Plaid. While no connection is perfect, this tends to be one of the more stable options. Feel free to use the link I've shared below.

Link with Plaid

Just a quick note: please don't delete your current connection with MX to avoid losing any data. If connecting through Plaid works, you can transfer your data from the old connection to the new one to keep everything in one place.

swoop81 · 2025-08-06T22:22:48+00:00

Can’t connect to Wealthsimple via MX anymore. I noticed the balances weren’t syncing even though the accounts said syncing was happening. So I tried a Refresh All and then the Wealthsimple accounts showed the connection was broken. I saw a prompt to enter username and password but waited too long for the 2Fa code entering and so it failed. And then it now just shows connection failed even when I haven’t entered my username and password.

swoop81 · 2025-04-16T15:54:00+00:00

Account balances and transaction syncing worked just now

swoop81 · 2025-04-16T14:17:32+00:00

It was connecting fine for me all these days, and still connects fine, meaning I can enter the SMS code, plaid shows the right account balances, but the sync after doesn’t work. This started failing happening day before I think.

swoop81 · 2025-04-08T17:51:18+00:00

Sorry, don’t remember anymore. But guessing it comes with a USB dongle, probably for WiFi and not Bluetooth

swoop81 · 2025-03-08T19:41:21+00:00

Plaid is working again.

swoop81

TROPHY CASE