Terms & Conditions

General Terms:

  1. The $1,500 Switch Offer (the “Offer”) is only available to selected Tangerine Clients who received the Offer communication directly and is not transferable. The Offer applies to the transfer of an existing mortgage with another lender or financial institution to Tangerine Bank. The Mortgage amount must be at least $150,000 CAD. Applications for a Home Equity Line of Credit, refinancings of existing Tangerine Mortgages, applications for increases to existing Tangerine Mortgage amounts, and/or transfers of existing Tangerine Mortgages to new properties are excluded from this Offer. Prepayment charges with the existing lender may apply if the mortgage has not reached its maturity date.

  2. To qualify for the Offer, the Mortgage application must be submitted to Tangerine Bank between March 20, 2019 and June 30, 2019, and the Mortgage must fund within 120 days of application submission.

  3. Applicants must submit to a credit check as part of the Mortgage application process, and applicants must be approved for the Mortgage per Tangerine’s underwriting guidelines and credit granting criteria, which includes approval for high-ratio mortgage insurance, where applicable, by the mortgage default insurer.

  4. All Tangerine Mortgages must be in first position.

  5. The new Mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater, or a closed variable rate mortgage with a 5 year term.

  6. To qualify for the Offer, the Client must have received a communication about the Offer directly from Tangerine Bank.

  7. Rates are subject to change without notice.

Terms that apply to the coverage of transfer fees:

  1. Tangerine Bank will pay a maximum of $1,500 to cover legal and appraisal costs for services ordered directly or approved by Tangerine Bank and discharge fees (other than any prepayment charges) charged by the other financial institution. Payment will be made directly by Tangerine Bank to service providers and/or financial institution as applicable.


  1. This Offer can’t be combined with any other discounts, offers, or promotions. Where an eligible Client qualifies for more than one Mortgage offer from the Bank, this Offer will cancel any other existing Mortgage offers.

  2. The Bank reserves the right at 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.

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

  5. By accepting this Offer, the Client agrees that he/she has read and understood these Terms and Conditions and agrees to be bound by them. Any notice offered by the Bank with respect to this Offer is deemed to be provided on the day it is posted on the Bank’s website.