Tangerine Review
Comprehensive review and analysis of Tangerine's digital banking services
Quick Facts
- Founded
- 1997
- Head Office
- Canada
- Active Customers
- 2+ million
- Total Funding
- Scotiabank subsidiary
- Employees
- 1000+
- App Store Rating
- 4.7/5
Pros & Cons
Pros
- No monthly fees
- High interest rates
- Full banking services
- Investment options
- Mortgage solutions
- Bank backing
Cons
- Limited branch access
- Some service fees
- Canada-only availability
- Premium features cost
Supported Countries
- Canada
Fees
- Account Maintenance Free
- Debit Card Free
- e-Transfers Free
- ATM Withdrawals Free at Scotiabank ATMs
- Investment Platform Low management fees
Overview
Tangerine has pioneered digital banking in Canada since 1997 (originally as ING Direct). As part of Scotiabank, they combine innovative digital services with traditional banking stability.
Key Features
Banking Services
- Chequing accounts
- Savings accounts
- Credit cards
- Mortgages
- Lines of credit
- Investment products
Investment Options
- Investment funds
- RSPs
- TFSAs
- RIFs
- GICs
- Portfolio management
Digital Features
- Mobile banking
- Online platform
- e-Transfers
- Mobile deposit
- Bill payments
- Account management
Additional Services
- Mortgage services
- Business accounts
- Insurance products
- Financial planning
- Tax tools
- Educational resources
Security Features
- Bank-grade security
- Two-factor authentication
- Transaction monitoring
- Fraud detection
- Device management
- Secure login
Customer Support
- 24/7 phone support
- Online chat
- Email assistance
- Help center
- Video tutorials
- Social media
Verdict
Tangerine excels in providing comprehensive digital banking services with traditional bank backing. Their combination of no-fee banking, high interest rates, and full-service features makes them particularly valuable for users seeking a complete digital banking solution.
While the platform has limited physical presence and some premium costs, it offers extensive functionality for all banking needs. The main limitations are the Canada-only availability and some service fees, but for Canadian users seeking a full-featured digital bank with traditional bank support, Tangerine provides an excellent solution.