Tangerine offers users just one category of chequing account, the Tangerine's No Fee Daily Chequing account. You’ll accrue interest according to the balance in your account. However, since Tangerine does not have physical branches, all transactions are conducted online with no teller assistance. Other features include:
No charges for pre-authorized payments, bill payments, and debit purchases
No charges on Email Money Transfers, but the transfer may take 2 to 3 business days to be completed which is much longer as compared to Interac e-Transfers that are completed instantly.
No charge on withdrawals from Scotiabank ABMs in Canada
No charge on withdrawals at ATMs in Scotiabank's Global ATM Alliance that includes around 50,000 ABMs located in 40 countries
Interac e-Transfers are chargeable
Fees applicable on withdrawals from ATMs other than Scotiabank and Tangerine