How to Save on Your Banking Fees with Tangerine?

Tangerine Chequing Account

The Tangerine bank fees are non-existent, which makes these accounts competitive compared to the offerings of major banks. Furthermore, the Tangerine no-fee checking account has many advantages:

• No bank fees for all current transactions (debit purchases, bill payments, pre-authorized payments, and Interac e-Transfers: all of this is free and unlimited);
• Minimal bank fees compared to other banks for your international cash withdrawals: $3 per withdrawal + 2.5% conversion fee;
• Free access to Scotiabank ATMs and the Global ATM Alliance;
• The first book of 50 cheques is free.

Tangerine Savings Account

As with other products, Tangerine bank fees are zero for this savings account. Note that it is not necessary to have a checking account to open one.

The Tangerine savings account is exempt from bank fees and offers some of the highest interest rates on the market. Furthermore, a promotional rate is regularly offered for every new dollar deposited into this account.

Tangerine Credit Cards

Tangerine credit cards also align with this no-annual-fee philosophy.

Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card has no annual fee and earns cash back.

With this limited-time welcome offer, you can earn an extra 10% cash back (up to $100) when you spend up to $1,000 on everyday purchases in the first 2 months.

You can choose two or three spending categories that suit you (groceries, gas, furniture, home improvement, recurring bills, drugstore, etc.) to earn 2% cash back, with no annual cap on cash back. It's also one of the best credit cards for renovations.

The Tangerine Money-Back Credit Card also offers several types of purchase protection:

• 90-day purchase protection
• One-year extended warranty

Finally, within the first 30 days of having the card, transfer credit card balances and pay only 1.95% interest on those balances for the first 6 months.

Fuel savings at Shell

All Tangerine cardholders can get fuel discounts and rewards at Shell and with Scene+^™ by linking their cards to their Shell Go+ account. Get up to 8¢/L in value with a linked Money-Back World Mastercard or Money-Back Credit Card from Tangerine:

• Instant discount of 3¢ per litre on all types of Shell fuel.
• Up to 3¢ per litre in cash back when gas is selected as a 2% category.
• 1¢ per litre in Scene+^™ points value on all types of Shell fuel, or 2¢ per litre in Scene+^™ points value on Shell V-Power^® fuel when your Scene+^™ account is linked to Shell Go+.

Tangerine^® Money-Back World Mastercard^®*

If you have a personal income of $60,000 or a household income of $80,000, you can choose the Money-Back World Mastercard^®* from Tangerine^®.

This credit card has no annual fee and earns cash back on your everyday purchases. With the current offer, you can get $100 when you spend $1,500 in your first three months^††.

You earn unlimited 2% cash back in 2 categories of your choice and 0.5% on all your other purchases. You can also add a third 2% category when your cash back is deposited into a Tangerine savings account.

Choose from 13 spending categories (groceries, gas, restaurants and more) and change them every 90 days to match your spending habits^◊.

The card also includes useful protections, such as purchase protection and extended warranty⁵, as well as mobile device insurance and coverage for rental vehicles⁵.

Finally, you can transfer high-interest credit card balances and enjoy a promotional rate of 1.95% for 6 months (a 1% transfer fee applies)¹¹.

Fuel savings at Shell

All Tangerine cardholders can get fuel discounts and rewards at Shell and with Scene+^™ by linking their cards to their Shell Go+ account. Get up to 8¢/L in value with a linked Money-Back World Mastercard or Money-Back Credit Card from Tangerine:

• Instant discount of 3¢ per litre on all types of Shell fuel.
• Up to 3¢ per litre in cash back when gas is selected as a 2% category.
• 1¢ per litre in Scene+^™ points value on all types of Shell fuel, or 2¢ per litre in Scene+^™ points value on Shell V-Power^® fuel when your Scene+^™ account is linked to Shell Go+.

Tangerine Services

Tangerine offers comprehensive digital banking services without the fees associated with traditional financial institutions:

• Highly functional mobile application, which was one of the first in Canada to allow remote cheque deposits (“Cheque-In” feature);
• 24/7 phone support;
• Customizable email alerts (deposits, withdrawals, etc.);
• Free access to Scotiabank ATMs in Canada, as well as nearly 44,000 ATMs worldwide through the Global ATM Alliance. This further contributes to the absence of Tangerine bank fees for everyday transactions;
• Investment funds and guaranteed investments (TFSA, RRSP, etc.);
• Mortgage and home equity line of credit;
• Personal line of credit;
• US Dollar Savings Account;
• Etc.

Bottom Line

The Tangerine bank fees are non-existent, which simplifies the management of your accounts. This free approach distinguishes Tangerine from traditional banks. The absence of fees makes the platform attractive for reducing your everyday expenses. If you are looking for a practical and economical solution, Tangerine represents a solid and accessible option for your banking needs.

Finally, combine Tangerine product offerings to maximize cash back, savings rates, and benefits, through a simple and effective strategy.

Are there Tangerine bank fees for a checking account?

No. All Tangerine accounts are free and have no monthly fees.

Does Tangerine charge account maintenance fees?

No. Account maintenance fees do not exist at Tangerine.

Are there Tangerine bank fees for withdrawals in Canada?

No. Withdrawals are free at partner bank ATMs.

Does the Tangerine^® Money-Back World Mastercard^®* have fees?

No. This card offers cash back with no annual fees, like other Tangerine products.