You can get a free bonus of $50 when you open an account with Tangerine with a balance of $100 using a promotion code like mine above.

Why are they doing that and heck, why am I doing this?

Tangerine wants to make you a customer so they are offering this promotion. I took them up on the offer and received the same bonus you can. It was a nice perk to make $50, but to be honest, I use their US dollar account as well because my brick-and-mortar bank charges money for that type. They are a convenient way of saving money--when you don't need the extra cash in your regular chequing account, transfer it over to your Tangerine savings account and let it earn better interest.

I put this site up here, because as you probably noticed, Tangerine doesn't offer a signup bonus unless you have a code, and by using my code, we both get a $50 bonus. It's win-win. Enter the promotion code when you are signing up, deposit $100, and you get the $50 bonus to do with as you see fit--transfer out, save, etc. When you get your Orange Key code when you sign up, send it to your friends so you can earn some referral money as well.

To get the bonus, enter the Orange Key 42741579S1 on the sign-up form. There are no obligations on what you do with your bonus, nor are there fees on their accounts. It's a good place to earn decent money on accounts that other banks would slowly siphon away with fees.

What kind of accounts does Tangerine have?

• No Fee Accounts
• Better interest and returns than the regular banks in Canada
  • Savings (US & Canadian $) accounts
  • Tax-free Savings accounts
  • THRIVE chequing
  • RRSPs
  • GICs

How To Get Started:

1. Sign-up at Tangerine's Website
2. Choose the type of account/product that is most useful to you
3. Enter the Orange Key 42741579S1 on the sign-up form.

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Useful Information for New Customers Of Tangerine Bank

Mobile Banking Device Support

At this writing, Tangerine bank, being less about branches and more about online banking options, supports a wide array of devices. Chances are you'll find yours in the list below.

• Apple iOS
  • iPhone, iPad and iPod touch
• Android
  • Phone
  • Tablet
• Blackberry
  • BB10
  • BlackBerry OS7 (only OS7 is supported)
• Windows
  • Windows 8
  • Windows Phone 7

Their online banking app would appear to be as comprehensive as the big banks, which gives more credence to the idea that you can replace your brick-and-mortar bank with Tangerine.

So What Does the Online Banking App Offer?

Quite a bit. You can manage your accounts just like you would with RBC, B of Montreal, and other big banks. The usual things you would find as requirements are there:

• Check account balances - The most basic thing people want to know--how much money do I or don't I have.
• Pay Bills - The task most people hate the most, but it is available so you can do it while riding the train instead of enjoying your free time at home.
• Deposit cheques - The most loved feature I'm sure. Called "Cheque-In", you photograph the front and back of your cheque, enter the amount, choose the account and voila, no need to get someone else's virus while touching that ATM at the bank branch.
• Review transactions - A great feature to have so you can see where the money you thought you had went.
• Transfer funds - If you maintain accounts at other banks, it is paramount that you can transfer funds between that bank and Tangerine, in addition to transfering funds between your Tangerine accounts.
• Email Money - if you need to transfer funds to someone else, you can do so using email, right from your phone.
• Sign up for new accounts - Again, a great feature to have if you happen to be on the move and you need a new type of account.
• Buy/sell investments - Sort of like being your own stock broker, you can buy and sell investment funds through you mobile device.
• Check rates - Not exactly earth shattering as a feature, it is still useful in checking rates. Most banks bury their rates in web pages, so having it in an easy to access app is a useful feature.
• ABM locator - Being as Tangerine is associated with Bank of Nova Scotia, you have full access to their bank machine network. This feature let's you find where the bank machines you can use for free are.

If you consider the orange key bonus they offer, $50 worth of bonus is the interest for a year on over a $6000 deposit!

You're not reading wrong. It would take $6000 worth of deposit, at a rate of 0.8% compounded daily for a year to make $48. So just opening an account with the Orange Key bonus code above is more than most well-wishing savings accounts earn in a year.

More Info

We've shared our own experiences and some good points on Tangerine's chequing accounts as well.