Chequing account · Tangerine Bank
Tangerine Chequing Account: fees and true cost
Tangerine Bank’s Tangerine Chequing Account charges no monthly fee, with unlimited transactions. For our “Everyday” example that comes to $18 a year, #5 of 33 chequing accounts offered nationwide.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey tallies a year of Tangerine Bank’s Tangerine Chequing Account: $18 for the Everyday profile.
How much does Tangerine Chequing Account from Tangerine Bank cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Tangerine Chequing Account costs $18 a year, #5 of 33 chequing accounts offered nationwide. There is no monthly fee. Cheaper for the same banking: Personal Account at EQ Bank ($0). Eligible deposits are insured by CDIC up to $100,000 per category.
Who does Tangerine Chequing Account suit?
- Best fit: the Everyday profile (household account, a few e-transfers), where it ranks #5 of 33 chequing accounts offered nationwide. It costs most for the Heavy profile: $36 a year.
- Can’t serve: the Branch and cheques profile (branch transactions, paper statements not available).
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Versus the cheapest: for everyday use it costs $18 a year more than Personal Account (EQ Bank), $90 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $0 | No monthly fee | 6 of 33 |
| Everyday Household account, a few e-Transfers | $18 | No monthly fee | 5 of 33 |
| Heavy Lots of card, bill and e-Transfer payments | $36 | No monthly fee | 5 of 33 |
| Branch and cheques Teller visits, cheques, paper statement | n/a | Can’t do: branch transactions, paper statements | — |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | Unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | Not available |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 19% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 to $50,000 | 0.01% |
| $50,000 to $100,000 | 0.05% |
| $100,000 to $500,000 | 0.1% |
Notes from the institution
Free unlimited POS transactions. Unlimited ABM transaction at Tangerine and Scotia ABM's 1 Year Inactivity Fee $10 10 Year Dormancy Fee $40
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- Neo Chequing account (Essentials) (Neo Financial) — $0 a year
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Tangerine Bank’s product page
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