Tangerine Bank is all about Forward Banking. This means giving customers a simple, easy everyday banking experience. Tangerine has no brick-and-mortar branches and instead provides an award-winning online and mobile banking experience with its streamlined direct digital banking platform.
Products Offered
Below are all the products offered by this company.
Tangerine Chequing Account
Fee-Free Everyday Banking
The Tangerine Chequing Account is designed for Canadians who want simple, low-cost everyday banking without the burden of monthly fees. As one of the most popular digital chequing accounts in Canada, it combines unlimited transactions, convenient features, and access to one of the largest ATM networks in the country.
Key Features & Benefits
No Monthly Fees – Enjoy unlimited everyday banking with zero monthly account fees and no minimum balance required. That means free bill payments, debit purchases, pre-authorized payments, and Interac e-Transfers®.
Earn Interest on Your Balance – Unlike most chequing accounts, Tangerine pays you interest:
- 0.01% on balances up to $50,000
- 0.05% on balances over $50,000
This makes it a chequing account that actually helps grow your money while you use it.
Visa Debit Card with Security Protection* – The account comes with a Visa Debit card you can use for online shopping, in-store purchases, and recurring payments – anywhere Visa is accepted. Purchases are protected with Visa Zero Liability coverage, keeping your money safe from fraud.
Free Access to Thousands of ATMs – Use Scotiabank ABMs across Canada (3,500+ locations) and over 44,000 ATMs worldwide through the Global ATM Alliance – at no extra charge. This makes accessing your cash simple and fee-free at home and abroad.
Digital Banking Convenience – With Tangerine’s award-winning mobile app, you can deposit cheques with a photo, set up alerts, transfer money instantly, and track spending in real time.
CDIC Insurance & Scotiabank Backing – Your deposits are protected by the Canada Deposit Insurance Corporation (CDIC) up to $100,000, and the bank is backed by Scotiabank, giving you security and peace of mind.
Ready to Start Banking Smarter?
Open a Tangerine account today and enjoy no monthly fees, unlimited transactions, and savings that actually grow.
Tangerine Savings Account
High-Interest, No-Fee Savings
The Tangerine Savings Account is one of the most popular digital savings products in Canada. It’s designed to help Canadians grow their money faster without the fees and restrictions that come with traditional bank accounts.
Key Features & Benefits
No Monthly Fees – Save without worrying about maintenance charges or minimum balances. Every dollar you deposit works for you.
High Promotional Rate – New clients often enjoy a special promo rate (up to 4.50% for the first 5 months), giving your savings an extra boost.
Everyday Interest on All Balances – After the promo, the account pays a competitive base rate (around 0.30%) on your balance – higher than what most Big 5 banks pay on standard savings accounts (usually ~0.01%).
Automatic Savings Tools – Tangerine helps you stay on track with goal-based savings, automatic transfers, and customizable account nicknames.
Multiple Registered Options – Open a regular Savings Account, or choose from registered options like a TFSA Savings Account, RSP Savings Account, or RIF Savings Account. There’s even a US$ Savings Account for cross-border needs.
100% Digital Access – Manage your savings entirely online or with the award-winning Tangerine Mobile Banking app. Deposit cheques with a photo, track your goals, and transfer money instantly.
CDIC Protection – Eligible deposits are insured by the Canada Deposit Insurance Corporation (CDIC) up to $100,000, giving you peace of mind.
Boost Your Savings with Tangerine
Earn a promotional high interest rate for the first 5 months, then enjoy everyday interest with no monthly fees or minimum balance requirements.
Contact information
3389 Steeles Avenue East Toronto, Ontario
Availability:
All of CanadaSupport Offered:
- Phone
- Social Media
- Web Chat
Call Center:
24/7 Call Centre HoursFrequently Asked Questions About Tangerine Bank: Digital Banking with No Fees & High Savings Potential
What is Tangerine?
What does Tangerine offer?
Tangerine offers online banking services including their high interest savings account, as well as RRSP and TFSA accounts. Additionally, they offer credit cards with balanced transfer promos and rewards benefits.
How to close a Tangerine account?
If you wish to close your Tangerine account, you can do so online via Tangerine Online Banking, or by calling their support line by phone at 1-888-826-4374.
Can I get a TFSA at Tangerine?
Yes, Tangerine offers TFSA accounts to be opened.
What is the Tangerine Money-Back Credit Card?
Unlike other credit cards, the Tangerine Money-Back Credit Card allows you to earn unlimited Money-Back Rewards on everyday purchases — with no annual fee.
What's the balance transfer cost on the Tangerine World Mastercard?
If you have a balance you owe on another credit card with a higher interest rate, transfer it to a Tangerine World Mastercard and pay our low promotional interest rate of 1.95% on that transferred balance for 6 months (and 19.95% on any unpaid balances after 6 months). A Balance Transfer Fee of 1% on the amount transferred will apply.
Is Tangerine safe?
Yes. Tangerine has been serving Canadians since 1997 and is a Schedule 1 bank in Canada.
How to transfer money to Tangerine?
Transferring money to Tangerine is simple and can be done entirely online. Simply login to your Tangerine online banking account, and use the 'Move My Money' section to perform various transfers to and from your Tangerine accounts.
What kind of support does Tangerine offer?
Tangerine offers phone support 24/7, email support as well as help via web chat and social media.
Can I open an RRSP at Tangerine?
Yes, you can easily open an RRSP account at Tangerine.
How much cash back can I earn with the Tangerine World Mastercard®?
Apply for a Tangerine World Mastercard® by July 31, 2022 and earn an extra 10% back* on up to $1,000 in everyday purchases made within your first 2 months.
What's included in the mobile device insurance with the Tangerine World Mastercard®?
Get protection on new cell phones, smartphones or tablets when you charge the full cost to your Tangerine World Mastercard, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure.
Tangerine Bank: Digital Banking with No Fees & High Savings Potential Reviews
Avg. Rating: 5.0 (2 reviews)
Happy Client
“It's been 8 years now that I'm with Tangerine. I took advantage of an offer giving me fifty dollars to try them. All went well and I ended up leaving my banking institution to stop paying unnecessary fees. You also can get $50 in bonus by opening your Tangerine account with an orange key and depositing $100.”
Easy to use
“Tangerine is a great online bank and their app is very easy to use. Great way to get some savings going with the savings account. ”
