Terms and Conditions


  1. The Tangerine Bank (the “Bank”) New Chequing Account Bonus Offer of $200 (the “Offer”) is available between March 12, 2020 and April 30, 2020 (the “Offer Period”) to select existing Tangerine Clients who successfully open their first Tangerine Chequing Account with an initial deposit of at least $250 within the Offer Period and either: (i) switch their eligible payroll direct deposits for at least (three) 3 consecutive months, or (ii) set-up a minimum of two (2) eligible recurring pre-authorized payments of at least $50 each that continue for at least (three) 3 consecutive months; and who meet the conditions outlined below.

Eligibility and Fulfillment:

  1. The Offer is not transferable and is only available to the existing Tangerine Client who received this Offer communication directly from Tangerine and whose name appears first on the Bank statement of the new Chequing Account (the “Primary Account Holder”). For joint Accounts, only the Primary Account Holder is eligible to participate in the Offer and the applicable Bonus(es) will be deposited into his/her Tangerine Chequing Account.

  2. This Offer is available only to existing Clients who successfully open their first Tangerine Chequing Account within the Offer Period with an initial deposit of at least $250. Accounts are deemed successfully opened when all Account Terms and Conditions have been satisfied and the Account is without restrictions.

  3. To be eligible, Clients must never have received a Tangerine Bonus offer related to switching their eligible payroll direct deposits or recurring pre-authorized payments, as applicable, to any Account with Tangerine or its predecessor/subsidiary companies at any time previously and must have their eligible payroll direct deposits and recurring pre-authorized payments made to/from a Tangerine Chequing Account.

  4. If setting up payroll direct deposit, to be eligible for the Offer Clients must have their first eligible payroll direct deposit received in their Tangerine Chequing Account within 60 days of successfully opening the Chequing Account and have their subsequent payroll direct deposits continue for three (3) consecutive months.

  5. If setting up recurring pre-authorized payments, to be eligible for the Offer Clients must set up at least two (2) eligible recurring pre-authorized payments of at least $50 each for which the first withdrawal is withdrawn from the Tangerine Chequing Account within 60 days of successfully opening the Chequing Account, and have their subsequent recurring pre-authorized payments continue for three (3) consecutive months.

  6. The $200 Bonus will be paid to the Primary Account Holder’s Tangerine Chequing Account in the subsequent month following the satisfaction of all terms and conditions applicable to the Offer.

  7. Eligible payroll direct deposits include, and are limited to, those outlined in Section 9 below. Eligible recurring pre-authorized payments include those outlined in Section 10 below. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and the Bank reserves the right to modify these lists and to determine whether a specific payroll direct deposit or pre-authorized payment is eligible for the Offer.

Eligible Payroll Direct Deposits:

  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.

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 Employment Insurance
603 Income Security Benefit
606 Workers' Compensation Board
612 Parental Insurance

Eligible Recurring pre-authorized Payments:

  1. Examples of eligible common recurring pre-authorized payments are pre-authorized bill payments and loan or mortgage payments where you set up pre-authorized instructions with your mortgage, loan, credit card and/or other payee directly from your Tangerine Chequing Account. Recurring or one-time fund transfers that you initiate to other Tangerine Accounts (e.g., Credit Card or Savings Account), to accounts at other financial institutions, or to payment processing firms, are not eligible for the Offer.


  1. Limit of one (1) $200 Bonus per Primary Account Holder. This Offer can’t be combined with any other Client Chequing Bonus offers.

  2. 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, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from the Bank, except where otherwise stated.

  3. 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, including if the Offer can't run as planned for any reason, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of the Bank which corrupt or affect the administration, security or proper conduct of this Offer.

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

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

Last updated on: March 12, 2020