Terms and Conditions


  1. The Tangerine Bank (the “Bank”) Switch Bonus Offer (the “Offer”) is available between December 1, 2017 and April 2, 2018 (the “Offer Period”), to New Clients who open a Chequing Account and switch their payroll direct deposits for at least 3 consecutive months, or make two (2) different pre-authorized payments of at least $50 each where the conditions outlined below are satisfied. The Offer expires on April 2, 2018 (the “Offer Expiry”), and the first qualifying payroll direct deposit must be received on or before May 3, 2018. The first withdrawal taken from the Chequing Account for each of the two (2) pre-authorized payments must be successfully withdrawn by May 3, 2018. Payroll direct deposits include, and are limited to, the types of payroll outlined in Section 8 below. Eligible pre-authorized payments are outlined in Section 9 below.


  1. The Offer is available to all New Clients with a Tangerine Chequing Account. “New Clients” are individuals who have never held any Account with Tangerine or its predecessor/subsidiary companies prior to December 1, 2017.

  2. For Joint Accounts, only the Primary Account Holder is eligible to receive the Bonus.

  3. To earn the $100 Bonus, you must become a New Tangerine Client and successfully open your first Tangerine Chequing Account by April 2, 2018. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. Bonus deposits will be made to your Tangerine Chequing Account when the conditions below are satisfied.


  1. To receive the $100 Payroll Bonus, New Clients must:

    1. never have received a Bonus related to switching their payroll direct deposits or pre-authorized payments to any Account at any time previously,

    2. have their first payroll direct deposit received in their Tangerine Chequing Account by May 3, 2018 and have their subsequent payroll direct deposits continue for 3 consecutive months.

  2. To receive the $100 Pre-Authorized Payment (PAP) Bonus, New Clients must:

    1. never have received a Bonus related to switching their payroll direct deposits or pre-authorized payments to any Account at any time previously,

    2. have at least two (2) different eligible recurring pre-authorized payments of at least $50 each, for which the first withdrawals of each are successfully withdrawn from the Tangerine Chequing Account by May 3, 2018, and have their subsequent pre-authorized payments continue for 3 consecutive months.

  3. The applicable Bonus will be paid to the Client’s Tangerine Chequing Account in the subsequent month following the satisfaction of the conditions outlined above.

Qualifying Canadian Payment Association (CPA) Codes:

  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

Pre-Authorized Payment Eligibility:

  1. Examples of 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.

  2. Recurring or one-time fund transfers that you initiate to other Tangerine Accounts (ex. 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 $100 Bonus per person.

  2. This Offer cannot be combined with any other offers specific to Tangerine Chequing Accounts. However, the Offer may be combined with offers specific to new Client enrollment, as well as Tangerine Savings Account offers, Tangerine Guaranteed Investment (GIC) offers, Tangerine Mortgage offers and Tangerine Investment Fund offers.

  3. Payroll direct deposits and pre-authorized payments must be applied to a Tangerine Chequing Account to be eligible for this Offer or Bonus.

  4. If the Bank is 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.

  5. 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.

  6. 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.

  7. 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.

  8. This Offer may be suspended, modified or withdrawn at any time without notice.

  9. 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.

Last updated on December 1, 2017