In this review, we are going to look at the Visa Debit Account from Tangerine. For Canadians, there are many banking options from the Big Five and other smaller players such as Wealthsimple Cash, Motusbank, Simplii Financial and Motive Financial. In the end, it comes down to choosing one bank that fits all your financial and personal needs. Tangerine is viewed in the Canadian marketplace as a discount but high value branchless Bank, which is now actually a subsidiary of Scotiabank. This discount market concept was created by ING which heavily marketed themselves in the Canadian Market Place.
Online banking is made easy with the Visa Debit Account from Tangerine because of the following reasons; you will not be charged any monthly or annual fees, unlike other banks. Keep In mind that this does not include other services such as a bank draft. You can go ahead and do banking with unlimited transactions with no restrictions. Your Visa Debit card can be used for unlimited transactions for free and you can use it for debit purchases as well as at ABMs.
As far as the cheque book is concerned, your first 50 cheques will be free of cost. You will also be able to use an unlimited number of interact e-transfers which is another great benefit of using the Tangerine Visa Debit Account. If you want an easier way to monitor and operate banking activity on your Visa Debit Account then Tangerine also has a mobile app.
One of the best features of the Tangerine Visa Debit Account is that now you can make as many online transactions as you like. In-app purchases are made easy because of the latest app technology being used by Tangerine. You can also choose your favorite design for your banking card and enjoy all the benefits. With Tangerine, you will be able to shop freely at thousands of merchants all across Canada by using the money that is in your Chequing Account.
No-Fee Daily Chequing Account
The best part about opening a Visa Debit Account at Tangerine is that they offer a no-fee daily chequing account. This means that you can go about your day and make purchases without having to worry about the fee on daily chequing transactions. Instead, you will be paid interest on every dollar that is in your account. By offering exceptional services like investing, borrowing, saving, and spending, Tangerine has made banking convenient for its clients. Just like other banks in Canada, Tangerine favors clients who have multiple accounts registered with them. This results in making internal Tangerine transactions cheap and more efficient.
View more information about the Tangerine Visa Debit Account.