Tangerine No-Fee Daily Chequing Account
Tangerine is a subsidiary of Scotiabank, and is meant to be the latter’s simpler, more streamlined financial service provider. Customers of Tangerine will appreciate that it’s easy to comprehend and take advantage of the bank’s excellent credit cards (see more on Tangerine cash back credit card) and accounts while earning competitive rewards without overly complicated fee structures or fine print.
One of the most popular Tangerine products, the No-Fee Daily Chequing account, offers customers the ability to manage their money effortlessly and pay no fees for the privilege.
The Tangerine No-Fee Daily Chequing Account
The only Tangerine chequing account, the No-Fee Daily stands out on the spectrum of chequing accounts available in Canada. It pays customers an interest rate of 0.15% to hold their money—a feature usually reserved for savings accounts—but doesn’t apply any restrictions to how they use the money in their account. Members receive an unlimited number of transactions, and Tangerine chequing account fees are nonexistent, making the account virtually free to use.
Features of the account include fee-less access to over 3,500 Scotiabank ABMs across Canada, Interac e-Transfers for just $1.00, and the chance to receive a $100 gift just for signing up and transferring your automatic, pre-authorized payments to your new account. You can also use the Tangerine Email Money Transfer service to send payments for free.
Essentially, Tangerine provides customers with a way to get flexible, costless access to their money however they like, while earning a small amount of interest on the side. There are few chequing accounts that offer such a straightforward experience, which is why Tangerine is such a great discovery for savvy spenders and savers in Canada. Here’s a breakdown of the account’s key features:
- No fees or surcharges
- 0.15% interest
- Free access to Scotiabank ABMs