Tangerine Matching Client Donations towards Canadian Red Cross Relief in Fort McMurray, Alberta up to $50,000

TORONTO, ON – May 6, 2016

Starting tomorrow, May 7, 2016, Tangerine Clients can use their existing Tangerine Chequing or Savings Account to make an online donation to the Canadian Red Cross in support of their emergency response to the wildfires in Fort McMurray, Alberta. Tangerine will match every dollar donated up to $50,000 with all funds going directly to the Canadian Red Cross Alberta Fires Appeal.

A mandatory evacuation has forced all 70,000 Fort McMurray residents to leave their homes in search of safety – the largest fire-related evacuation in the province’s history. The Canadian Red Cross has intervened and is on the ground providing life-saving assistance to those affected.

Tangerine is looking at ways to support Fort McMurray Clients affected by the wildfire, including:

  • Deferring payments on mortgages, loans and Credit Cards;

  • Re-amortizing mortgage payments to lower monthly costs;

  • Crediting Client Accounts for fees caused by insufficient funds, overdraft, or use of non-Tangerine bank machines.

To donate, Clients can simply log in at tangerine.ca and click "I want to help." Tangerine will be matching donations until Friday, June 10, 2016. The total donated amount collected and matched by Tangerine will also be matched by the Government of Canada.

A tax receipt will be provided by the Canadian Red Cross for donations of $20 or more. Tangerine will provide your name and mailing address to the Canadian Red Cross if you donate.

About Tangerine
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With nearly 2 million Clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning client service. From no-fee daily chequing and high-interest savings accounts, Credit Card, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

For more information, visit tangerine.ca

The 'Tangerine' trademarks are owned by The Bank of Nova Scotia and used under licence.

Forward Banking is a registered trademark of Tangerine Bank.

For further information: Derek Kirk, Corporate Communications, (416) 316-0149, dkirk@tangerine.ca