How to Save on Your Banking Fees with Tangerine?

Updated Dec 13, 2025
Fact checked by
Vincent Morin
Vincent Morin Vincent Morin
Vincent achieved financial independence and took early retirement (FIRE) at the age of 35. After a career in financial technology with a major American investment bank, he founded Retraite101, a personal finance website that reaches over 350,000 unique visitors annually and has more than 40,000 social media followers. Passionate about finance, reading, cycling, hiking, and travel, he continues to write for several Quebec media outlets to inspire and motivate those who want to take control of their finances.
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Tangerine
To the point Tangerine bank fees are non-existent. Discover why Tangerine stands out with free accounts and simple services to manage your money without fees.

The Tangerine bank fees attract attention because they are non-existent. The bank thus distinguishes itself from traditional institutions that charge monthly fees for their accounts. With Tangerine, you benefit from simple and free services, managing your finances without hidden costs. It is an attractive option to reduce your banking expenses and adopt a lighter everyday solution.

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 offers cash back.

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

You can choose two to three purchase categories that interest you (groceries, gas, home furnishings, renovations, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there’s no annual cash-back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

  • 90 days purchase insurance
  • One year extended warranty

Finally, during the first 30 days you hold the card, transfer credit card balances and pay only 1.95% interest on these balances for the first 6 months.

Tangerine Money-Back World Mastercard

If you have an individual income of $60,000 or a household income of $100,000, you can choose the Tangerine Money-Back World Mastercard.

This credit card has no annual fee and offers cashback. With this limited-time welcome offer, you get $120 when you spend $1,500 in the first 3 months.

You can choose up to three spending categories that interest you (groceries, gas, home furnishings, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back! And there’s no annual cash back limit.

In addition, the Tangerine Money-Back World Mastercard comes with several insurance coverages for your purchases and travel:

  • 90 days purchase insurance
  • One year extended warranty
  • Mobile Device Insurance
  • Rental Car Collision/Loss Damage Insurance

Finally, during the first 30 days you hold the card, transfer credit card balances and pay only 1.95% interest on these balances for the first 6 months.

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<sup>®</sup> Money-Back World Mastercard<sup>®</sup>* have fees?

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

Come to discuss that topic in our Facebook Group!
Alexandrine Bertrand
Alexandrine Bertrand
An avid solo traveller, Alexandrine is an expert on loyalty programmes such as Aeroplan, Avios, AIR MILES, Flying Blue and Marriott Bonvoy. With a budget-conscious approach, she helps travellers make the most of their points and miles to experience affordable, off-the-beaten-path getaways. She also shares a love of gastronomy and enjoys exploring local flavours and culinary traditions.
All posts by Alexandrine Bertrand

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