How to open a checking account at Tangerine?

Everything at Tangerine is done online… opening a checking account is no different: you can do it in 10 minutes (at the most) from the comfort of your home computer while you are in your pajamas. What I have found so far about Tangerine (formerly ING DIRECT) is that all procedures can be done with an extreme simplicity and from the comfort of your home.

Tangerine calls its checking account: Tangerine Checking Account. It was called THRiVE Chequing Account in the times when the bank was called  ING DIRECT.

Most checking accounts in Canadian banking institutions charge you a monthly fee. This is ridiculous if you ask me: banks are profiting from our own money, but that’s not enough for them: they still charge us a monthly fee for having our own money within their grasp, money from which they are profiting already.

This is what a Tangerine Checking Account has to offer:
  • NO MONTHLY FEES. Ask yourself if your current bank charges you a monthly fee and ask yourself if you should be paying for it?
  • Unlimited transitions: once again, you can perform unlimited transitions at Tangerine for free.
  • Earn interest on the money you put on your Tangerine Checking Account (yes, you heard well: this is a checking account that pays interest, just as saving accounts do).
I am not going to load you with more details…if you want to know more about the benefits of opening a Tangerine Checking Account come here:

Now, in order to open a Tangerine Checking Account you have to do only TWO things:
  1. Complete an online form that won’t take you more than 10 minutes. I am not exaggerating: this form won’t take you more than 10 minutes to fill. In order to fill the form click here: Open a new Tangerine Checking Account.
  2. Write your initial deposit cheque (payable to yourself) for at least $100, and mail it to Tangerine Bank, 3389 Steeles Avenue East, Toronto, Ontario, M2H 3S8. Note: all new clients of Tangerine opening accounts for at least $100 bucks get a $50 bonus. What does this means? It means that you open your account with $100, but you are credited with $150; so Tangerine welcomes you with $50 bucks.
That’s all: by completing the two steps above you will open a Tangerine Checking Account, that will treat you with unlimited transactions, no monthly fees, saving interests and a $50 bucks welcome gift.

If you have any questions, drop a line in the comments section below. I’ll do my best to answer.

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