The Tangerine™ Friday Payday Bonus Offer
Terms and Conditions
The Tangerine Bank (the “Bank”) Friday Payday Bonus Offer (the “Offer”) is available between January 12, 2015 and March 31, 2015 (the “Offer Period”) if the conditions outlined below are satisfied. The Offer expires on March 31, 2015 (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.
The Offer is available to all new and existing Clients.
For Joint Accounts, only the Primary Account Holder is eligible to receive the Bonus.
To receive the full Bonus of $120, new Tangerine Clients must:
never have had a Tangerine Chequing Account or THRiVE™ Chequing Account at any time,
open their first Tangerine Chequing Account between January 12, 2015 and March 31, 2015,
have their first payroll direct deposits received in their new Tangerine Chequing Account by the Offer Expiry, and
continue to receive payroll direct deposits each calendar month for three consecutive months.
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:
never have received a Bonus related to switching their payroll direct deposits to any Account at any time previously,
have their first payroll direct deposit received in their Tangerine Chequing Account by the Offer Expiry, and
maintain payroll direct deposits each calendar month for three consecutive months.
Qualifying Canadian Payment Association (CPA) Codes:
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.
CPA CODE CPA TYPE DESCRIPTION 200 Payroll Deposit 201 Special Payroll 202 Vacation Payroll 204 Advance Payroll 205 Commission Payroll 206 Bonus Payroll 207 Adjustment Payroll 230 Pension 231 Federal Pension 232 Provincial Pension 233 Private Pension 272 Retirement Income Fund 310 Canada Pension Plan 311 Old Age Security 313 Canadian Pension Commission 315 Public Service Superannuation 316 Canadian Forces Superannuation 318 UIC Benefit 603 Income Security Benefit 606 Workers' Compensation Board 612 Parental Insurance
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 January, the first weekly $10 Bonus deposit will be made on February 6, 2015. If payroll direct deposits continue to be received each calendar month through February and March, Bonus deposits will continue and the last $10 bonus deposit will be made on April 24, 2015.
Example 2, If the first payroll direct deposit is received in the month of February, the first weekly $10 Bonus deposit will be made on March 6, 2015. If payroll direct deposits continue to be received each calendar month through March and April, Bonus deposits will continue and the last $10 bonus deposit will be made on May 22, 2015.
Example 3, If the first payroll direct deposit is received in the month of March, the first $10 Bonus deposit will be made on April 3, 2015. If payroll direct deposits continue to be received each month through April and May, Bonus deposits will continue and the last $10 bonus deposit will be made on June 19, 2015.
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.
The Bonus deposits will all be paid into the same Tangerine Chequing Account.
Limit of $120 in Bonus deposits per person.
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.
Payroll direct deposits must be made to a Tangerine Chequing Account to be eligible for this Offer or Bonus.
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.
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.
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.
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.
This Offer may be suspended, modified or withdrawn at any time without notice.
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.