Tangerine is a well-established online bank that has been leading the charge since a couple of years ago when it was released by Scotiabank. It is one of the online banks that has strayed less from how a traditional brick & mortar bank works, thanks to its connection with Scotiabank.
Tangerine has a referral program in place to benefit its clients: by using the promo code YOREOYSTER (or our link), you'll receive a $50 sign-up bonus after you make your first deposit of $250 or more. You will also receive your own referral code, which you can use to invite friends and earn $50 for each successful referral, and you can invite as many as you want.
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How To Use Your Tangerine Promo Code
Tangerine has a referral program for new clients: when you sign up with Tangerine using the Orange Key/Promo Code YOREOYSTER (or the link), you will receive a bonus of $50 after depositing $250. Additionally, if you create a Savings or Chequing account within 30 days you’ll earn a 2.25% interest for the first 5 months.
To use the promo code:
- Visit Tangerine’s page. Click on the Sign Me Up button. Â
- Click on the Get Started button.
- Fill in your email address. (important: this is where you use our Orange Key/Promo Code. You will not be able to use the promo code after you create your account and you will miss out on the promo).
- Fill in some of your basic information Confirm your identity. This can be done online or in person.
(We’ve included the full step-by-step sign-up process in the How To Sign Up With Tangerine section)
What Is Tangerine?
Tangerine is a Canadian online bank that's become quite popular since its launch back in 1997. Due to its ties with Scotiabank, Tangerine somewhat straddles the divide between traditional banking and neobanking, and its customers tend to agree that it does a good job.
Some of Tangerine's top features include real-time spending notifications and sub-savings accounts (called “Goals”) that allow users to actively save toward specific financial milestones.
How To Sign Up With Tangerine
#1 Visit Tangerine‘s page. Click on the Sign Me Up button.
#2 Click on the Get Started button.
#3 Fill in your email address. (important: this is where you use our Orange Key/Promo Code. You will not be able to use the promo code after you create your account and you will miss out on the promo).
#4 Confirm your identity.
#5 Fill in your address. This is where you’ll receive your card.
#6 The last step is to confirm your identity. This can be done online or in person.
Tangerine’s Referral Program
After creating your Tangerine account, you will find your Orange Key/Promo Code by navigating to the My Tangerine men. After you receive your key, you can:
- Share your code via text, email, or with your social media audience. You can even share it on Reddit.
- Once a referee signs up and deposits $250 both of you will receive a $50 bonus credited to each of your accounts.
- There’s no limit to how many people you can invite.
Is Tangerine Safe & Legit?
Due to being part of Scotiabank, Tangerine counts with both the same regulation and insurance provided by CDIC. This means that Tangerine is directly regulated by the CDIC and all eligible deposits in it are insured for up to $100,000 CAD.
In terms of security features, Tangerine lets users reset their card PINs right from the app, and the signing-in process can be configured with biometric authentication. However, users can’t freeze/unfreeze their cards through the app if it gets lost, which can be a hassle to do with other methods.
In terms of credit score, Tangerine does perform a soft credit check for both savings and chequing accounts. But, it will perform a hard credit check if the user applies for any overdraft/credit features.
In Summary
Tangerine is a well-established online bank that has been leading the charge since a couple of years ago when it was released by Scotiabank. It is one of the online banks that has strayed less from how a traditional brick & mortar bank works, thanks to its connection with Scotiabank.
Tangerine has a referral program in place to benefit its clients: by using the promo code YOREOYSTER (or our link), you'll receive a $50 sign-up bonus after you make your first deposit of $250 or more. You will also receive your own referral code, which you can use to invite friends and earn $50 for each successful referral, and you can invite as many as you want.
