Tangerine

Tangerine: Digital Banking in Canada

Tangerine operates as a digital bank in Canada, providing personal banking services through an online platform. Its offering covers everyday banking, savings, credit cards, investments and borrowing, with a focus on no-fee daily banking and savings rates. The bank also publishes educational articles and financial calculators to support customers in managing their money.

Everyday Banking and Savings

Tangerine's personal banking lineup includes a No-Fee Daily Chequing Account with a Client Card featuring Visa Debit. For savings, the bank offers a range of accounts: Savings Account, TFSA Savings Account, RSP Savings Account, RIF Savings Account, US$ Savings Account and Children’s Savings Account. The website highlights a special offer to build momentum with a 5.00% boost on registered savings, and a Savings Goals tool that lets customers customize goals and track progress.

Credit Cards

On the spending side, Tangerine issues several credit cards: the Tangerine® Rewards World Elite®* Mastercard®*, the Tangerine® Money-Back World Mastercard®* and the Money-Back Credit Card. The site provides a comparison feature for these cards and a Cash Back Calculator to estimate rewards on everyday purchases. A current promotion advertises up to $1,220* in value for a new credit card.

Investing and Borrowing

Investment products include Guaranteed Investment Certificates (GICs), mutual funds and registered accounts such as TFSA, RSP and RIF, along with non-registered investments. Tangerine advertises a bonus of up to 3% for investments and offers a GIC Interest Calculator. On the borrowing side, customers can access mortgages, home equity lines of credit, lines of credit and RSP loans. Mortgage tools include an affordability calculator and a payment calculator that also shows potential savings from prepayment options.

Financial Education and Tools

The bank maintains a learning centre called The Juice, featuring articles on topics such as savings accounts, TFSA contribution limits, credit card benefits, mortgage renewals and wealth-life balance in Canadian cities. A suite of financial calculators supports goals like home buying, retirement planning and credit score checking.

Business Banking

Tangerine also serves business clients with dedicated accounts. The website notes that a business bank account can lend credibility with customers, vendors and lenders, and provides articles on related topics.