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Tangerine Chequing Account review

Pay a $0 monthly fee to get unlimited free transactions and earn interest on every dollar in your account.

If you’re looking for a hassle-free bank account that doesn’t cost you an arm and a leg, then a Tangerine chequing account might be the way to go. It comes with a $0 monthly fee, and you won’t have to pay for charges on daily transactions. Find out more about whether this account could be the right fit for you, and sign up today to get started.

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$0

Account Fee

unlimited

Monthly Transactions

Please note: All information about Tangerine chequing accounts has been collected independently by Finder and chequing account products from Tangerine are not available through this site.

30-second take

  • Think about a Tangerine Chequing Account if you want unlimited free transactions and you’d prefer to pay a $0 monthly fee.
  • Choose something else if you want to earn a very high interest rate or you would rather keep your money with a bank that has branches you can visit in person.

What are the benefits of a Tangerine Chequing Account?

If you’re looking for an everyday account that gives you unlimited withdrawals for a $0 monthly fee, you might be interested in a Tangerine Chequing Account.

  • Decent rates. Earn up to 0.1% interest on any balance you hold in your account.
  • Unlimited transactions. Make in-store purchases, pay bills and carry out other types of daily transactions with no extra fees.
  • Free Interac e-Transfers. Avoid paying fees when you want to send money to family or friends with free Interac e-Transfers.
  • Free ATM withdrawals. Get access to free withdrawals at more than 3,500 ATMs across Canada (on the Scotiabank network).
  • Free cheques. Receive 50 cheques for free as part of your welcome package, and pay only $50 for any subsequent book of cheques you order.
  • Mobile cheque deposit. Deposit cheques easily into your account without having to go into a branch.
  • Overdraft protection. Ask about overdraft protection to save you from non-sufficient funds (NSF) fees if you have to go into the red on your account.
  • Special promotions. You’ll get incentives to sign up for an account at certain times of the year (such as a welcome bonus).

What are Tangerine‘s current promotions for its chequing account?

Earn a 2.10% interest rate for 5 months and get a $200 bonus when you use the promo code EARNMORE and open both a savings and chequing account. Conditions apply. Apply by August 31, 2021.

What to watch out for with a Tangerine Chequing Account

While Tangerine Chequing Accounts are known for offering a wealth of benefits, there are also a couple of potential drawbacks you should be aware of.

  • Charges for certain ATMs. You’ll be charged a small fee every time you withdraw cash on an ATM that isn’t on the Scotiabank network.
  • Only one free replacement card. You’ll only get one free replacement card per year before you have to pay $15 for each new card.
  • NSF fees. You’ll be charged a fee of $45 every time you don’t have enough money in your account to cover an automated withdrawal.
  • No wire transfers. You won’t be able to send money overseas with your Tangerine Chequing Account.
  • No in-person service. You won’t be able to visit a branch in-person to do your banking, except at a Tangerine Cafe in Toronto, Vancouver, Calgary or Montreal.

What should I know before I apply?

To open a Tangerine Chequing Account, you’ll need to meet the following criteria:

  • Be a resident of Canada with a valid Social Insurance Number
  • Be 16 years of age or older
  • Have an email account

How do I open an account?

  1. To open a Tangerine Chequing Accountt, you’ll need to fill out a quick and easy online application. Follow these steps to get started:
  2. Head to the Tangerine website and click “Sign Me Up” when you reach the No-Fee Daily Chequing Account page.
  3. Complete the application, which includes providing your name, email address, Social Insurance Number and birth date.
  4. Review the details of your account and apply with the click of a mouse.

Bottom line

Tangerine is one of Canada’s largest and most reputable online banks. Its chequing account is well-known for offering $0 monthly account fees and decent interest rates on any money you hold as part of your balance. Find out what you need to qualify for this type of account and learn more about how you can apply online today.

Compare other chequing accounts

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Coast Capital Free Chequing, Free Debit, and More Account
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Customers in British Columbia can earn a $350 sign up bonus. Terms and conditions apply.
Scotiabank Preferred Package
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For a limited time, earn a $300 welcome bonus and up to 0.55% interest on your MomentumPLUS Savings Account. Valid until December 16, 2021
Scotiabank Ultimate Package
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Earn up to $350 in benefits and savings. Plus, for a limited time, earn up to 0.60% on your MomentumPLUS Savings Account. Valid until December 16, 2021
Scotiabank Basic Plus Bank Account
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Pay no monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month.
Scotiabank Student Banking Advantage Plan
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Scotiabank Basic Bank Account
0%
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With a low monthly account fee, you can choose between earning points toward the SCENE or Scotia Rewards reward programs.
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Frequently asked questions about the Tangerine Chequing Account

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