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Business Spending Account

Earn 1.25% interest on deposits to power your business momentum¹

Business Spending Account features to help take your business further

20 minutes

To fill out your application, start to finish

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$0

Monthly fee and no minimum balances

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Unlimited

Free Interac e-transfer®2

Banking built around your business

Everything in its right place

Create Spaces to organize money for taxes, payroll, equipment and whatever’s next in dedicated buckets.

Ready when you need it

Access FlexiDraftTM3 when you need extra room to cover a shortfall or seize an opportunity.

Spend from the start

Once your account is successfully opened, it's ready to use right away, so your business doesn't miss a beat.

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Have an unregistered business?

No matter what stage your business is in, you can open an account with us. Our Business Spending Account was designed to meet you where you’re at, so even if you’re a sole proprietor operating under your legal name, you can get started using your personal ID.4

Eligibility²

Canadian sole proprietors, partnerships, and corporations.

Your business details and information for all owners and directors.

All owners and directors must verify their identity and accept the account agreement.

Available to Canadian-resident owners and privately owned, for-profit businesses. Terms and eligibility requirements apply.

Additional verification may be required.

Confidently manage your cash flow with FlexiDraftᵀᴹ³

  • Automatic access to flexible credit
  • Interest-free as long as you have the funds
  • No monthly fees to use it
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See what’s shaping the future of entrepreneurship

Uncover the insights, behaviours and trends shaping the next generation of Canadian entrepreneurs. Learn from real entrepreneur perspectives and market intelligence on what’s changing, so you know how to navigate what's next.

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More than banking, you’ve found your community

Community1
Community2
Community3

Join the Tangerine Business community

No entrepreneur should have to build alone. Connect, learn, and grow alongside those on the same path as you. Beyond sharing ideas and gaining practical insights, you’ll access exclusive events, funding opportunities, resources, and more, to help move your business forward.

Free ABM access

Free access to 3,500+ Scotiabank ABMs nationwide and 44,000 ABMs worldwide through Scotiabank’s Global ATM Alliance.5

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CDIC insured

All of our Canadian and US dollar savings products, including Business Savings Accounts, are eligible for CDIC protection.

Articles and resources to help fast track your business goals

1 Spending Account interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Spending Accounts.

2 Interac and Interac e-Transfer are registered trademarks of Interac Corp, used under licence.

3 Business FlexiDraftTM is optional and subject to approval. Eligibility requires a credit check and satisfaction of Tangerine’s lending criteria. Approved limits are determined by Tangerine and may be changed, suspended, or cancelled. Interest is charged on overdrawn balances at the applicable rate and other fees may apply. Terms and conditions apply.

4 Business Accounts are available to eligible Canadian businesses that meet Tangerine's onboarding, verification and regulatory requirements. Fees, transaction limits and other conditions may apply. By opening or using a Tangerine Business Account, you agree to the applicable Account Terms. Full Account Terms, including definitions of any capitalized terms, are available here.

5 Tangerine will waive the ABM Withdrawal Fee and Global ATM Alliance members will waive any surcharge fees for withdrawal transactions performed at a Scotiabank or Global ATM Alliance machine with your Tangerine Client Card. Some exclusions apply; see our Fee Schedule for details. The current Fee Schedule can be found here.