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Tangerine Bank offers one of the best free online bank savings and chequing accounts for Canadians. That is, they do not charge any ridiculous monthly fees.

When you sign-up for a new Tangerine Bank account and enter a valid Orange Key Code or use the links below, you may qualify for up to $200 in free cash! I show you how to claim these bonus offers below! I have personally used Tangerine since 2014 and my experience has been great so far.

Tangerine Accounts and Orange Key Sign Up Bonuses

Tangerine offers a variety of accounts including:

1. Savings Accounts (up to $50 Bonus)

Basic savings, TFSA, RRSP, US$, and RRIF savings accounts. Their savings account provides the following general benefits:

  • Promotional high-interest rate of 2.10% for 5 months
  • No monthly fees or service charges
  • No minimum balance requirement
  • Automatic savings plan

To open a savings account and take advantage of the high-interest promo rate, click here and follow the instructions on the page.

Open a Tangerine Savings Account.

2. Chequing Account ($150 Bonus)

Tangerine offers a no-fee chequing account that earns interest like your savings. Features of the chequing account include:

  • Unlimited free daily transactions (debits, bill payments, pre-authorized payments, and email money transfers)
  • Access to 3,500 free Scotiabank ATMs across Canada and 44,000 ATMs worldwide
  • Interest on your account balance up to 0.10%
  • First 50 cheques free
  • Mobile cheque deposit

Tangerine will reward you with up to a $150 cash bonus when you open a new free chequing account. Follow these steps to claim your reward!

A) Visit Tangerine Bank and follow the instructions for setting up your account. Open your first eligible Savings Account and Chequing Account within 30 days.

B) You can earn $150 (credited to your account) when you:

  • Switch your payroll deposit to your Tangerine chequing account within 60 days of opening the account, and
  • Receive your payroll direct deposit to your Tangerine chequing account for at least 3 consecutive months.

After your direct deposit go on for at least 3 months in a row, a $150 cash bonus is deposited into your account.

Tangerine Orange Key $50 Bonus

3. Credit Card

Tangerine has a no-fee Money-Back credit card that offers:

  • 2% unlimited cash back on up to 3 categories of spending
  • 0.5% unlimited cash back on all other purchases
  • $0 annual fee
  • Balance transfers at 1.95% interest for the first 6 months
  • Purchase security and extended warranty

Apply for the Tangerine 2% money-back credit card.

4. Investment Funds: They have several low-cost index funds that you can utilize in a TFSA, RRSP, RRIF, or non-registered investment accounts. You can read my review of the Tangerine Investment Funds here.

5. Mortgages, HELOC, and RRSP Loans

Tangerine Orange Key Bonus and Referral

Tangerine Bank is the most popular online-only bank in Canada. In addition to providing Canadians with high-interest savings and a free chequing account, they also reward you when you refer others.

After opening a new account, you will be provided with an Orange Key which you can provide to your friends and family who are interested in opening an account. You and your friend each receive a $50 cash reward when they sign up using your Orange Key Code.

To Recap

For savings accounts: Visit Tangerine here and (enter your Orange Key or follow the instructions on the page) to enjoy the 2.10% promo rate.

For chequing accounts: Visit Tangerine here and follow the instructions on the page. You will receive a $150 bonus after 3 months of receiving your direct payroll deposits in your Tangerine chequing account. The payroll deposit must continue for at least 3 months.

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Tell us about your Tangerine Bank experience below in the comments!

Tangerine Promotions and Orange Key - Up to a $200 Bonus


Tangerine offers a free chequing and savings account that earns high-interest rates. Use my Tangerine Promo Links to get up to $200 in cash bonuses after you open a new saving or chequing account.