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Monthly transactions by type
Monthly transactions by type
Bank account Purchase Interest Rate Transactions Additional fees Estimated monthly cost
0.15% Interest rate tiers
If balance is Rate
$0 - $49,999.99 0.15%
$50,000 - $99,999.99 0.55%
$100,000 or more 0.65%
tiered interest rate
Unlimited
$0
Transaction
$1
Interac e-Transfers
$0 Open account
% Interest rate tiers
If balance is Rate
%
tiered interest rate
Transaction
Interac e-transfers
Open account

Tangerine's No Fee Daily Chequing

Unlike its competitors, Tangerine only has one chequing account option. Tangerine's No Fee Daily Chequing account pays you interest on the amount you have in your account, and has no fees for daily chequing transactions including debit purchases, bill payments, pre-authorized payments and Email Money Transfers. Email Money Transfers allow you to transfer funds to a recipient's account, but the funds don't arrive until 2-3 business days after the transfer has been accepted compared to immediately with an Interac e-Transfer. You are also able to use Scotiabank ABMs within Canada for free withdrawals in addition to the ATMs in Scotiabank's Global ATM Alliance (approximately 50,000 ABMs in 40 countries).

Even though this is a no fee account there are additional charges for Interac e-Transfers, withdrawals at non-Tangerine or non-Scotiabank ATMs and overdraft protection. Online banks offer the same services as branch banks but with all transactions occurring online. Thus teller assisted transactions are not possible with Tangerine. If you require assistance to conduct your daily banking needs compare chequing account features from other account providers.