How is Tangerine bank different? #OrangeKey #TangerineBank 47618967S1

By Jun - Support me on Amazon

You probably notice that a lot of banks require you to have keep a minimum amount in your checking account to avoid paying monthly fee. And, you probably have a limited number of transactions. And, there are probably quite a few other restrictions.

Fret not, I would like to recommend Tangerine bank. You might be wondering if you can trust a bank that you haven't heard of. Check out the points I listed below. :)

Tangerine Homepage

What I like about Tangerine bank:

Use Tangerine credentials to login on CIC
1) It is reliable as its login credentials can be used to log in on Canadian Immigration and Citizenship website.
2) There is no need of a minimum deposit in your checking for fee waiver
3) You can do unlimited transactions for your account at zero cost
4) Tangerine Bank was purchased by Scotiabank on Nov 15th 2012. Thus, you can withdraw cash using Scotiabank ABMs.
5) Since it is an online bank, it provides a lot of information and transparency when it comes to managing my account. For example, I learnt about Tax-free Saving Accounts when I switched over to Tangerine as I didn't know about that.
6)You and the person referred by you can earn $50 using their referral program once a new account is created successfully and a transfer of $100 into the new account.
7) They provide 2% cash bank credit cards (Master card) on selected 3 categories on spending. And, 0.5% on the rest of the transactions.
8) Although it is free to keep an account, it has most of the functions provided by other major banks.

What could be better with Tangerine: 

1) They don't have international wire transfer. Thus, if you need to receive and send money overseas, this is not a suitable account.

If you sign up using my orange key 47618967S1, both of us would get $50 if the account is successfully created with a transfer of $100 to the account.
You can CLICK HERE to sign up.

Copied from Tangerine page:

Here's a List of What You'll Need to Have Ready

Your contact information: street address, phone number and email address.
Your Social Insurance Number
An Orange Key, if you have one from a referrer or a promotion
We'll be asking you to provide other details (such as employment information) that we're required by law to ask you for.

Tangerine Sign Up Page

1) This is an online bank. The only way to contact them is via their live chat or phone call which is why there is not maintenance and service fee. 

Thanks for reading!