Yes, you can bank for free (and why you should take advantage of it)
This is not a sponsored post.
When I got real about saving money, I dug deep. I looked at every single expense in my budget and tried to find a way to cut it out.
That's when I came across Tangerine, Canada's forward thinking bank. No fees, no minimums for Canadian chequing and savings accounts!
With all of the bells and whistles of a regular bank, minus a teller, it's perfect for the online generation. If you have any issues, just phone their 24/7 customer help line. When you need to access cash, you can use any of the 3,500 Scotiabank ATMs for free. For money orders, get in touch with your local tangerine cafe.
All of the Canadian dollar products are eligible for Canada Deposit Insurance Corporation (CDIC) insurance. Basically if all hell breaks loose, your cash is insured for up to $100,000 per account.
My favourite part
One of my favourite things about Tangerine, aside from the free banking, is the high interest savings account. For those of us who keep some cash in reserve or are saving for an immediate holiday, like Julie, a Tangerine savings account gives you a major advantage over a regular savings account.
Since we switched 3 years ago, we've earned almost $1200 in interest and saved $675 in banking fees.
Right now, if you become a Tangerine client before Oct 31, 2018, you can earn 2.75% on the balance of your savings account for 6 months! I can say from first hand experience, there are always bonuses for members.
What are you waiting for? It's super easy to open an account and we're all about savings! If you use my orange key when you sign up, well both earn $50. It's a win-win.
Kaila's orange key: 42810855S1
If you're from outside Canada, where do you access free banking & no minimums? Comment below!