They’ve got to make sure you’re a real person… and that takes time… Step One:

Your smart phone (like you go anywhere without it…)įull disclosure: The signup process only takes a few minutes, but it will take 5 – 7 days for your account with Tangerine to be fully active.

A cheque from your current bank account (why? I’ll explain later… just grab it now.).

Your street address, phone number, and email address (in case those aren’t locked down in your noggin… I can never remember my postal code.).

Your social insurance number (it’s a bank account… it’s gotta be legit).

So if you’re anything like me, and the idea of changing banks seems totally daunting, here’s a step by step guide of how to open up an account with Tangerine.īefore you start you might want to find a few things (so you don’t have to get off the couch later). Let alone changing something like the bank that you’ve been with for years.Įven if I know that the change could be really helpful. It’s amazing how hard it is for me to change anything. There is no minimum investment required and no monthly fees.Find out why I think that Tangerine is a great fit for all you freelance artists out there. Terms on USD GIC accounts range from 90 days to 5 years. US Dollar term investments with Tangerine allow Canadians to invest their American money in a Canadian investing account. US Dollar Guaranteed Investment (USD GIC) There is no minimum investment requirement to open a RIF GIC with Tangerine. Terms on RIF GICs issued by Tangerine range between 90 days and 5 years. Retirement Income Fund (RRIF GICs)Ī Retirement Income Fund (RIF) GIC allows Canadians under the age of 72 to transfer their RRSPs into an RIF to earn income when they choose to retire. Tangerine’s Tax-Free Guaranteed Investment offer terms starting at a 90-day minimum and going as long as 5 years in length.

Tangerine’s Tax-Free Guaranteed Investments, also known as TFSA GICs, offers Canadians who have yet to max out their TFSAs an opportunity to make tax-free gains on term investments.

Tax-Free Guaranteed Investment (TFSA GIC) There is no minimum investment required to open a GIC. Terms for RSP GICs with Tangerine range from 90 days to five years, with term options for 180 and 270 day GICs, along with 1.5 year GICs as well. Tangerine issues Retirement Savings Plan (RSP) GICs, which are commonly known as an RRSP GICs as well. There is no minimum investment requirement to open a Traditional GIC with Tangerine. Customers can take advantage of terms from 90, 180, and 270 day term GICs, as well as 1.5 year GICs. Traditional GIC Investments with Tangerine comes with terms ranging from 90 days to five years. Tax-Free Guaranteed Investment (TFSA) GIC.Similar to other Tangerine accounts, there are no unnecessary fees or minimum balance required. US Dollar Savings AccountĪ Tangerine US Dollar Savings Account allows you to save and earn on your US funds. There is no minimum investment requirement. Retirement Income Fund (RIF)Ī Retirement Income Fund (RIF) account with Tangerine allows you to access your retirement savings. Using a Registered Retirement Savings Plan (RRSP) account with Tangerine operates in the same fashion as an RRSP account, with no Tangerine fees or minimum balance requirements. It allows customers to make the contributions and withdrawals that a Canadian citizen can make with their TFSA. Tax-Free Savings AccountĪ Tangerine Tax-Free Savings Account works like any other Tax-Free Savings Account (TFSA) in Canada. It is an ideal place to earn interest on savings. You can use the Tangerine Bank with Apple Pay, Android Pay, and Samsung Pay, all while having additional access through the banking account.Ī High-Interest Savings Account (HISA) with Tangerine allows customers to make unlimited contributions and withdrawals. Upon sign-up, Tangerine customers will receive a (bright orange) debit card, along with a chequebook containing 50 free cheques. The Global ATM Network ATM allows customers to access affiliated banks worldwide at no additional fee, and usually with a great exchange rate. The chequing account also offers up to 1.00%* interest on deposits of all sizes. All of this and much more comes with no minimum balance requirements and no monthly fees.īut that’s not all! Tangerine Bank customers can access 3,500 Scotiabank ATMs nationwide, along with 44,000 Global ATM Network ATMs across the world, at no extra charge and one of the lowest foreign exchange rates available. It also allows account holders to reap the benefits of unlimited transactions, which includes unlimited Interac e-Transfers. This account is perhaps the most popular product offered by Tangerine-and with good reason!Īfter all, this chequing account is entirely free to use and comes with no minimum balance requirements.

Tangerine bank account