Terms and Conditions
The Tangerine Bank (the “Bank”) Chequing Bonus Offer (the “Offer”) of up to $200 is available between February 1, 2019 and May 30, 2019 (the “Offer Period”), to New Clients who (i) open a Chequing Account with an initial deposit of at least $100 and switch their eligible payroll direct deposits for at least 3 consecutive months, or (ii) setup two (2) different eligible recurring pre-authorized payments of at least $50 each that continue for at least 3 consecutive months, where the conditions outlined below are satisfied. The Offer expires on May 30, 2019 (the “Offer Expiry”), and the first qualifying payroll direct deposit must be received within 90 days of successfully opening a Chequing Account. The first withdrawal taken from the Chequing Account for each of the two (2) pre-authorized payments must be successfully withdrawn within 90 days of successfully opening a Chequing Account. Payroll direct deposits include, and are limited to, the types of payroll outlined in Section 7 below. Eligible pre-authorized payments are outlined in Section 8 below.
To earn the $50 Bonus, you must become a New Tangerine Client using the Orange Key ‘Orange50’ and successfully open your first Tangerine Chequing Account with a minimum deposit of $100 by May 30, 2019. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. The $50 Bonus deposit will be made to your Tangerine Chequing Account within thirty days of Account opening. This offer can’t be combined with other New Client cash Bonus offers.
For Joint Accounts, only the Primary Account Holder is eligible to receive the Bonus.
To receive the $150 Bonus for switching payroll (the “Payroll Bonus”), New Clients must:
never have received a Bonus related to switching their payroll direct deposits or pre-authorized payments to any Account at any time previously,
Have their first eligible payroll direct deposit received in their Tangerine Chequing Account within 90 days of successfully opening a Chequing Account and have their subsequent payroll direct deposits continue for 3 consecutive months or,
To receive the $150 Bonus for switching Pre-Authorized Payments (the “PAP Bonus”), New Clients must:
b. 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recurring pre-authorized payments of at least $50 each, for which the first withdrawals of each are successfully withdrawn from the Tangerine Chequing Account within 90 days of successfully opening a Chequing Account, and have their subsequent pre-authorized payments continue for 3 consecutive months.
The applicable $150 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:
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.
|CPA CODE||CPA TYPE DESCRIPTION|
|272||Retirement Income Fund|
|310||Canada Pension Plan|
|311||Old Age Security|
|313||Canadian Pension Commission|
|315||Public Service Superannuation|
|316||Canadian Forces Superannuation|
|603||Income Security Benefit|
|606||Workers' Compensation Board|
Pre-Authorized Payment Eligibility:
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.
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.
Limit of one $50 Bonus and one
$150 Bonusper person.
Payroll direct deposits and pre-authorized payments must be applied to a Tangerine Chequing Account to be eligible for this Offer or Bonus.
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.
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.
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.
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.
This Offer may be suspended, modified or withdrawn at any time without notice.
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.