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Tangerine is paying a $250 cash bonus to new clients who open its no-monthly-fee Chequing Account and switch their payroll deposits to it for two months.
- Offer: $250 cash bonus
- Offered by: Tangerine
- For: new clients whose client number is created by October 31, 2026
- Bonus paid: the month after two consecutive months of payroll deposits
How to earn it
- Become a new Tangerine client. Your client number must be created between May 1, 2024 and October 31, 2026.
- Open a Tangerine Chequing Account as the primary holder within 60 days of creating your client number.
- Set up payroll direct deposits within 60 days of opening the account. The first eligible deposit must arrive within that window.
- Deposit your full payroll amount, with payroll deposits totalling at least $200 a month, for at least two consecutive months.
What counts as payroll
Only deposits coded as payroll count. Tangerine lists pensions, Employment Insurance, Old Age Security, Canada Pension Plan, workers’ compensation, parental assistance and Income Security Benefit payments. The full list is in section 6 of Tangerine’s offer terms.
Worth knowing
The offer cannot be combined with another chequing cash bonus and is limited to one per client. Tangerine says the account has no monthly fee and no minimum balance. Tangerine may change, extend or cancel the offer without notice. We read these terms on Tangerine’s page on October 8, 2026. Compare it with three other offers in our bank welcome bonus comparison.
