Tangerine No-Fee Daily Chequing Account – up to $500 cash bonus for new clients

Tangerine is a subsidiary of Scotiabank, and a Canadian direct bank that offers no-fee banking services and products to Canadians. The Tangerine No-Fee Daily Chequing account comes with no monthly account fees and no daily transaction fees, regardless of the balance maintained in the account. Tagerine is currently offering a cash bonus of up to $500 for new clients who sign up for a chequing account by July 21, 2025, and meet specific conditions.

Tangerine No-Fee Daily Chequing Account

Tangerine’s daily chequing account offers a no-fee banking experience with no daily transaction fees and no monthly account fees, regardless of the balance maintained in the account. Key features of the account include:

• $0 daily chequing fees

• Up to 0.10% interest on balances held in the account

• Free and unlimited Interac e-Transfer transactions

• Unlimited daily transactions, which include debit purchases, bill payments, and pre-authorized transactions

• Free access to 3,500+ Scotiabank ABMs across Canada and 44,000 ABMs worldwide through the Global ATM Alliance

Tangerine No-Fee Daily Chequing Account – New Client Offer (Apply Now)

Tangerine is currently offering a limited-time promotion for new clients who open a Chequing Account by July 21, 2025 and meet specific conditions. The offer provides up to $500 in total cash bonuses, paid out in two parts:

• $250 for moving eligible payroll direct deposits to a Tangerine Chequing Account
• $250 for opening and funding a qualifying TFSA or RSP Savings, or GIC Account

Part 1: $250 Cash Bonus – Payroll Direct Deposit

To qualify for the initial $250 cash bonus:

• Become a Tangerine client by July 21, 2025

• Open a Tangerine Chequing Account within 60 days of creating your Client Number

• Set up eligible payroll direct deposits within 60 days of opening the Chequing Account

The payroll conditions include:

• • A minimum of $200 per month in payroll deposits

  • The first eligible payroll deposit must be received within 60 days of account opening

  • Deposits must continue for at least 2 more consecutive months after the initial deposit

Once these conditions are met, the $250 bonus will be deposited into the client’s Tangerine Chequing Account in the month following the completion of the requirements.

Part 2: Additional $250 Cash Bonus – TFSA/RSP/GIC Deposit

To earn the additional $250 bonus:

• Open a qualifying TFSA or RSP Savings Account or GIC within 30 days of becoming a Tangerine client

• Deposit or transfer at least $3,000 into the account

• Maintain the full $3,000 deposit for at least 3 consecutive months

Once these conditions are met, the additional $250 will be deposited into the Tangerine Chequing Account within 30 days of completing the 3-month holding period.

Tangerine New Client Offer

Note: Not all registered accounts qualify for this promotion. Tangerine RIF Accounts, RSP Investment Fund Accounts, and Tax-Free Investment Fund Accounts are excluded.

In addition, clients who open a new TFSA or RSP Savings Account under this promotion may also benefit from a special interest rate of 4.50% on their savings. Each bonus is limited to one per Primary Account Holder. Please refer to the updated terms and conditions of the offer directly on Tangerine’s page here. 

Takeaway

This is the highest bonus offer we have seen offered by Tangerine for new clients. As an existing Tangerine client, I can vouch for the clean and straightforward interface of the account, as well as its true no-fee attributes. If you are not an existing Tangerine client, this is a great time to sign up for a new account and receive up to $500 in cash bonus. The current cash bonus offer ends July 21, 2025.