If you’re looking for a chequing account that offers flexibility, zero monthly fees, and a generous cash reward, Tangerine’s No-Fee Daily Chequing Account continues to stand out as one of the best options in Canada.

For a limited time, new clients can earn a $250 cash bonus when they open a Tangerine Chequing Account and move their paycheques to their new account for two consecutive months.

This offer is available until July 31, 2025, and it’s one of the most competitive banking promotions in the country for those seeking simplicity, security, and value.

About Tangerine Bank

Tangerine Bank is a digital-first financial institution and a division of Scotiabank, one of Canada’s Big Five banks. Tangerine’s mission is simple: to help Canadians save money through no-fee banking and easy-to-use digital tools.

With products including chequing and savings accounts, credit cards, GICs, mortgages, investment accounts, and loans, Tangerine combines the credibility of a major bank with the convenience of modern online banking.

Every Tangerine account is CDIC-insured, which means your deposits are protected up to $100,000 per account type — giving you peace of mind while earning rewards and interest.

Tangerine No-Fee Daily Chequing Account

The Tangerine No-Fee Daily Chequing Account is the bank’s flagship product — and for good reason. It combines everyday usability with savings benefits and no hidden costs.

Key Features:

• $0 monthly fees

• Unlimited daily transactions (debit purchases, bill payments, transfers)

• Free Interac e-Transfer® transactions

• Access to 3,500+ Scotiabank ABMs across Canada

• Visa Debit card for online and in-store purchases

• Apple Pay and Google Pay compatibility

• Earn interest on your balance (0.01%–0.10%)

• 50 free cheques when you open your account

• Overdraft protection (on approved credit)

Unlike many chequing accounts that charge between $4 and $30 per month, Tangerine keeps your money working for you — not against you.

The $250 Welcome Bonus: How It Works

To qualify for the $250 cash bonus, you simply need to:

1. Open a Tangerine Chequing Account before July 31, 2025.

2. Move your paycheque or pension (direct deposit) to your Tangerine Chequing Account and keep it there for two consecutive months.

That’s it. Once the two-month period is complete and you meet the conditions, Tangerine will automatically deposit $250 cash into your account.

There’s no minimum balance requirement, no service fees, and no need for promo codes — just straightforward banking that rewards you for switching.

Pros and Cons of Tangerine Chequing Accounts

Like any financial product, Tangerine’s chequing account has its strengths and trade-offs. Here’s what to consider:

Pros

• ✅ No monthly fees or minimum balance

• ✅ $250 welcome bonus for new clients

• ✅ Free e-Transfers and unlimited transactions

• ✅ Earn interest on every dollar in your account

• ✅ Visa Debit + Apple Pay/Google Pay support

• ✅ Free access to 3,500+ Scotiabank ABMs

• ✅ Easy-to-use mobile app and online platform

• ✅ CDIC insured deposits for up to $100,000

Cons

• ❌ No physical branches (online-only banking)

• ❌ Limited in-person service

• ❌ Low interest rate (0.01%–0.10%)

• ❌ $1.50 fee for using non-Scotiabank ATMs in Canada

• ❌ $45 NSF (non-sufficient funds) fee

Overall, the pros outweigh the cons for most Canadians, especially those who prefer managing their money digitally.

Tangerine Fee Structure

Transparency is key to Tangerine’s approach. Here’s what you can expect in terms of fees:

These competitive rates make Tangerine one of the most affordable banks in Canada.

Eligibility Requirements

To open a Tangerine No-Fee Daily Chequing Account, you must:

• Be a Canadian resident

• Have a valid Social Insurance Number (SIN)

• Be at least 16 years old

• Provide a valid email address

Once you meet these requirements, the signup process can be completed entirely online in just a few minutes.

How to Open a Tangerine Chequing Account

Opening a Tangerine account is simple. You can choose one of the following methods:

1. Through the Tangerine Website

• Visit www.tangerine.ca

• Click “Open an Account”

• Fill in your personal details (name, SIN, email, date of birth)

• Verify your identity online or through your existing bank account

2. Via the Mobile App

• Download the Tangerine Mobile Banking App

• Tap “Open an Account” and follow the steps

• Provide your personal details and verify your identity

3. By Phone

• Call 1-888-826-4374 and follow the automated menu to speak with a Tangerine agent

4. In Person

• Visit a Tangerine Café (available in select cities) for personalized support

Tangerine vs. Its Competitors

If you’re comparing the best no-fee banking options, Tangerine competes directly with other digital banks such as Simplii Financial, EQ Bank, and Wealthsimple Cash.

While Simplii offers a slightly higher signup bonus, Tangerine’s affiliation with Scotiabank provides broader ATM access and a proven digital infrastructure.

For those who prioritize stability, Tangerine remains one of the most reliable choices in Canada.

Security and Customer Support

Tangerine takes digital banking security seriously, employing 128-bit encryption, Secure Socket Layer (SSL) protection, and DoubleSafe™ authentication to keep your information safe.

In addition, Tangerine’s SecureChip debit cards and biometric mobile login options further reduce fraud risks.

Customer support is available through:

• Phone: 1-888-826-4374

• Live Chat: via the Tangerine website (limited hours)

• Tangerine Cafés: for in-person help

Final Thoughts: Why Tangerine Leads in 2025

Tangerine’s No-Fee Daily Chequing Account continues to dominate the digital banking space for Canadians who want simple, no-fuss financial management.

With unlimited transactions, free e-Transfers, and a $250 cash bonus, it’s an attractive choice for anyone tired of paying traditional bank fees.

Plus, being backed by Scotiabank means you’re banking with one of the most trusted names in the country — while enjoying modern, digital-first convenience.

If you want to save money, earn rewards, and ditch banking fees for good, now’s the time to make the switch.

Open your Tangerine No-Fee Daily Chequing Account before July 31, 2025, and claim your $250 cash bonus today.

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