Refer a Friend Terms and Conditions


  1. The Tangerine Bank (the “Bank”) Refer a Friend Offer (the “Offer”) is available ongoing throughout the year, with no expiry date.


  1. The Offer is available to all Tangerine Clients.

Participant Types:

Referrer: An existing Client who refers a friend using his/her Refer a Friend Orange Key (an “Orange Key” is a unique Refer a Friend number assigned to each Tangerine Client).

Referral: A new Client who has opened an Account with Tangerine (excluding Tangerine Money-Back Credit Card) using a Referrer’s Refer a Friend Orange Key.


  1. A $25 Cash Referral Bonus (the “Bonus”) will be paid to both the Referrer and the Referral.

  2. For both the Referrer and Referral to earn the Bonus, the Referral must complete the following actions (“All Actions”):

    1. successfully open their first Tangerine Account, and must never have had a Tangerine Account or ING DIRECT Account at any time previously,

    2. upon enrollment or within 60 days of becoming a Tangerine Client, enter/quote the Refer a Friend Orange Key that was provided to them by the Referrer,

    3. make a minimum $100 deposit within 60 days of becoming a Tangerine Client.  

  3. Accounts are deemed successfully opened when the Referral has satisfied the Account terms and conditions and the Account is without restrictions of any sort.

  4. For Joint Accounts, only the Primary Account Holder is eligible for the Bonus.

Refer a Friend Tiers:

  1. A Tangerine Client can earn up to $2,000 in Bonuses through the Refer a Friend program, in the manner described below.

Here’s how it works:

# of Referrals Bonus Per Referral Total Bonus Incentive Total Bonuses Earned
1 x        $25 =        $25    
10 x        $25 =       $250 +         $50 =       $300
20 x        $25 =       $500 +        $100 =       $650
30 x        $25 =       $750 +         $150 =       $1,050
40 x         $25 =       $1,000 +         $200 =       $1,500
50 x         $25 =       $1,250 +         $250 =       $2,000

Limited Time Promotions

  1. During limited time Refer a Friend promotion periods, Referrers and Referrals may be eligible to earn larger cash Bonuses and Referrers could exceed the $2,000 Bonus limit. Details of such Limited Time offers will be set out in the promotions, and Tangerine Clients must satisfy all terms and conditions as described in those details.


  1. Once the Orange Key has been submitted, it cannot be reversed.

  2. Unless otherwise provided for during special Refer a Friend promotions, a limit of $2,000 in Refer a Friend Bonuses per Referrer.

  3. Limit of one (1) Refer a Friend enrollment Bonus per Referral.

  4. Except as otherwise provided, Referrals cannot combine the Offer with any other Tangerine enrollment offers; however, product offers related to the following Accounts: Tangerine Savings Accounts, Tangerine Chequing Accounts, Tangerine Guaranteed Investments (GICs), Tangerine Mortgages and Tangerine Investment Funds can be combined in a manner described in a particular promotional offer.

  5. Should Tangerine be unable to run this 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.

  6. 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 or other promotional materials advertising this Offer, except where otherwise stated.

  7. 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.

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

  9. You agree that you have read and understand 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.

Bonus Payment:

  1. Bonuses will be paid into the participant’s non-registered Tangerine Savings Account or Tangerine Chequing Account within 30 days of the Referral satisfying the requirements stated in this Offer.

  2. If a participant hasn’t opened either a non-registered Tangerine Savings Account or a Tangerine Chequing Account, he or she will need to open one for Tangerine Bank to make the Bonus deposit automatically.


Here are our guidelines for sharing the Orange Key®.