Tangerine Promo Code (May 2022): $50 Signup Bonus

February 21, 2022
Blog

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 the link) you will 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 – you can invite as many as you want.

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 Saving 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.  
  • 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 well-established online bank that has been leading the charge since a couple of years ago when it was released by Scotiabank. Due to its ties with Scotiabank, Tangerine is probably the one online bank that strayed less from how a traditional brick & mortar bank works.

Tangerine Features

Some of Tangerine’s best features include:

  • Real-time spending notifications.
  • Tangerine does let users open sub-savings accounts, called goals, in order to facilitate saving for a particular goal.

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.

Introducing Neo Financial: Canada’s #1 Online Bank

I recently broke down 10+ of Canada’s most popular online banks, and Neo Financial came out ahead of everyone else. It scored so well because it excels on what I believe are the four most important factors when choosing a bank: mobile app functionality, fees, security, and customer support.

Here’s how Neo performs in each of those areas, and why I believe it’s the best online bank in Canada.

#1 The Best Mobile App 

Neo’s app is the highest-ranking mobile app out of the Canadian online banks we reviewed. In the Apple App Store, it has a rating of 4.8/5 and in the Google Play Store, it has a ranking of 4.5/5

From the app you can toggle features such as Auto-Pay, to set up recurrent payments in local and foreign currencies, Real-Time Spending Insights, to track where your money is going, and Cashback Rewards on most everyday purchases. 

#2 Lowest Fees And Best Savings

Neo’s fees are among the lowest of any online bank: $0 monthly fees, $0 maintenance fees, and a low 2.5% on foreign spending. And those savings can add up quickly: on top of their base 1.55% interest rate, Neo offers the three other rewards users are always looking for: cashback rewards, partner discounts, and competitive interest rates.

Neo offers three plans, Essential, Plus and Max. Starting at $0, $4.99, and $9.99, you can get up to 6% cashback at partner stores and 1% at non-partners; and discounts can go as high as 15% on average.

#3 Bank-Level Security

Neo is partnered with Concentra Bank, an institution that’s regulated by the CDIC, which means that all of Neo’s eligible deposits are insured in the same way for up to $100,000.

Aside from that, Neo also offers the distinct features of letting users freeze/unfreeze their cards at any moment they wish and resetting their PINs from the app. Users can also set up biometric authentication for signing in, which makes using Neo both quicker and safer.

#4 Excellent Customer Support

Neo’s support chat, email, and phone support are always available and ready to answer. When we contacted them, their responses were quick, informed and thoughtful. The only time I ran into an issue with Neo, they had it sorted out within a matter of minutes. If you need to get in contact with Neo to ask them some of your own queries, you can do so through the following channels:

  • Phone support: 1-855-636-2265
  • Email: support@neofinancial.com

Conclusion

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 the link) you will 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 – you can invite as many as you want.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

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