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:
- Bitbuy – $50 after depositing $250.
- CoinSmart – $50 after depositing $200.
- VirgoCX – $30 after depositing $100.
- Newton – $25 after purchasing $100 worth of crypto.
- BlockFi – $15 to $250 worth of BTC, based on your deposit.
- Binance – $100 after completing 3 tasks and bonus fee rebates.
- Coinberry – $40 after purchasing $50 worth of crypto.
- Coinsquare – $20 after depositing $100.
- Crypto.com – $25 (USD) after staking CRO.
- Shakepay – $30 after purchasing $100 worth of crypto.
- Voyager – $25 after depositing $100.
- Wealthsimple Crypto – $50 after depositing $150.
- Webull – 2 free stocks after depositing $100.
Crypto Hardware Wallets:
Online Bank Referral Bonuses:
- KOHO – $20 sign up bonus.
- Tangerine – $50 after depositing $250.
- Wealthsimple Cash – $25 sign up bonus.
- Albert – $150 after depositing $200.
- Brex – $250 after spending $1,000.
- Chime – $100 after depositing $200.
- DCU – $20 after completing five transactions.
- Fairwinds – $100 after depositing $200.
- First Tech Federal CU – $100 after depositing $500.
- LendingClub – $100 after making your first payment.
- Lili – $100 after depositing $250.
- Nearside Business Checking – $50 after spending $100.
- One Finance – $50 after depositing $250.
- Porte – $100 after depositing $500.
- SoFi Money – $15 sign up bonus.
Online Broker Sign up Bonuses:
- Wealthsimple Trade – $50 after depositing $150.
- Questrade – $50 and a $150 rebate.
- Charles Schwab – $100-$1,000 after depositing $25,000-$500,000.
- M1 Finance – $30 after depositing $100.
- Moomoo – 3 free stocks ranging from $8 to $1,000 each.
- Qtrade – $25 sign up bonus.
- Robinhood – 1 free stock ranging from $3-$225.
- TradeUP – $50-$100 after depositing $1,000-$10,000.
- Yieldstreet – $100 sign up bonus.
Robo Advisor Sign up Bonuses:
- Questwealth – $50 and a $150 rebate.
- Wealthsimple Invest – $50 after depositing $500.
- Acorns – $5 sign up bonus.
Other Everyday Bonuses:
- Arcadia Power – $10 rebate towards your power bill.
- Cash App – $35 after your first payment.
- Fetch Rewards – $4 welcome bonus and 4,000 fetch points per referral.
- GetUpside – $0.45 cashback per gallon of gas.
- Google Pay – $10 after your first purchase.
- Last Bottle – $40 after your first purchase.
- Ownr – $20 to $50 rebates and many other benefits.
- PayPal – $10 sign up bonus.
- PC Insiders – $25 sign up bonus.
- Root Car Insurance – $25 after requesting a quote.
- SkipTheDishes – $5 welcome bonus and $5 for every referral.
- TopCashback – $25 after you earn $10 cashback.
