The Tangerine Friday Payday Bonus Offer

Terms and Conditions

General:

  1. The Tangerine Bank (the “Bank”) Friday Payday Bonus Offer (the “Offer”) is available between August 1, 2014 and October 31, 2014 (the “Offer Period”) if the conditions outlined below are satisfied. The Offer expires on October 31, 2014 (the “Offer Expiry”), and the first qualifying payroll direct deposit must be received on or before that date. Payroll direct deposits include, and are limited to, the types of payroll outlined in Section 6 below.

Eligibility:

  1. The Offer is available to all new and existing Clients.

  2. For Joint Accounts, only the Primary Account Holder is eligible to receive the Bonus.

Bonus:

  1. To receive the full Bonus of $120, new Tangerine Clients must:

    1. never have had a Tangerine Chequing Account or THRiVE Chequing Account at any time,

    2. open their first Tangerine Chequing Account between August 1, 2014 and October 31, 2014,

    3. have their first payroll direct deposits received in their new Tangerine Chequing Account by the Offer Expiry, and

    4. continue to receive payroll direct deposits each calendar month for three consecutive months.

  2. To receive the full Bonus of $120, existing Tangerine Clients who already have a Tangerine Chequing Account (including existing Clients who open their first Tangerine Chequing Account during the Offer Period) must:

    1. never have received a Bonus related to switching their payroll direct deposits to any Account at any time previously,

    2. have their first payroll direct deposit received in their Tangerine Chequing Account by the Offer Expiry, and

    3. maintain payroll direct deposits each calendar month for three consecutive months.

Qualifying Canadian Payment Association (CPA) Codes:

  1. Deposits categorized under the Canadian Payment Association code as payroll, listed below, qualify for the Offer. In addition, pension, Employment Insurance, Old Age Security, Canadian Pension Plan, Workers Compensation, Parental Assistance and Income Security Benefit deposits qualify for the Offer.

  2. CPA CODECPA TYPE DESCRIPTION
    200Payroll Deposit
    201Special Payroll
    202Vacation Payroll
    204Advance Payroll
    205Commission Payroll
    206Bonus Payroll
    207Adjustment Payroll
    230Pension
    231Federal Pension
    232Provincial Pension
    233Private Pension
    272Retirement Income Fund
    310Canada Pension Plan
    311Old Age Security
    313Canadian Pension Commission
    315Public Service Superannuation
    316Canadian Forces Superannuation
    318UIC Benefit
    603Income Security Benefit
    606Workers' Compensation Board
    612 Parental Insurance

Bonus Payment:

  1. Once the first payroll direct deposit is received within the Offer Period, Clients will begin to earn a Bonus deposit of $10 every Friday beginning on the first Friday of the following month. If payroll direct deposits are received each calendar month for three consecutive months, Clients will continue to earn a Bonus deposit of $10 every Friday for twelve (12) consecutive weeks to a maximum of $120 in Bonuses. For further clarity, see examples below

    Example 1, If the first payroll direct deposit is received in the month of August, the first weekly $10 Bonus deposit will be made on September 5, 2014. If payroll direct deposits continue to be received each calendar month through September and October, Bonus deposits will continue and the last $10 bonus deposit will be made on November 21, 2014.

    Example 2, If the first payroll direct deposit is received in the month of September, the first weekly $10 Bonus deposit will be made on October 3, 2014. If payroll direct deposits continue to be received each calendar month through October and November, Bonus deposits will continue and the last $10 bonus deposit will be made on December 19, 2014.

    Example 3, If the first payroll direct deposit is received in the month of October, the first $10 Bonus deposit will be made on November 7, 2014. If payroll direct deposits continue to be received each month through November and December, Bonus deposits will continue and the last $10 bonus deposit will be made on January 23, 2015.

  2. If payroll direct deposits are not received each calendar month or are stopped within the three month minimum requirement, Bonus deposits will be stopped and the Client will not qualify for future Bonus payments.

  3. The Bonus deposits will all be paid into the same Tangerine Chequing Account.

Limitations:

  1. Limit of $120 in Bonus deposits per person.

  2. This Offer cannot be combined with any other Tangerine Chequing Account offers. However, the Offer may be combined with Tangerine Savings Account offers, Tangerine Guaranteed Investment (GIC) offers, Tangerine Mortgage offers and Tangerine Investment Fund offers.

  3. Payroll direct deposits must be made to a Tangerine Chequing Account to be eligible for this Offer or Bonus.

  4. Should the Bank be unable to run the Offer as planned for any reason, the Bank reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.

  5. The Bank reserves the right in its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure or other promotional materials advertising this Offer.

  6. The Bank reserves the right to withdraw the Offer in whole or in part, or to vary any of these Terms and Conditions at any time and from time to time without notice at its absolute discretion. The Bank reserves the right to end the Offer earlier or to extend the Offer Period further at its absolute discretion.

  7. The Bank reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any Account holder it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.

  8. This Offer may be suspended, modified or withdrawn at any time without notice.

  9. You agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it is posted on our website.