Hellow guys, Welcome to my website, and you are watching Tangerine Bank 2024 - Full Review - Best Online Bank - (Canada). and this vIdeo is uploaded by Mike Gap at 2021-04-03T17:06:49-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Tangerine Bank 2024 - Full Review - Best Online Bank - (Canada) |
| Video Uploader | Video From Mike Gap |
| Upload Date | This Video Uploaded At 03-04-2021 20:06:49 |
| Video Discription | Tangerine Bank has been popularized as "The Best Online Bank" in Canada. Learn Why Today. 🔥 Confused About Credit & Credit Cards? - CLICK HERE 👉https://bit.ly/3mXLkBq 🔥 Get My FREE Book On Credit & Credit Cards - 👉 http://bit.ly/2P6QOgy 🔥 Video, How to Dispute Purchases: 👉 https://bit.ly/3s8y0fk Tangerine is a Canadian Only Online Bank. It provides a ton of value and almost all of its services are free. This is why it is so popular right now. And guess what? They pretty much offer the same exact services that many of the traditional banks offer. The services they provide are checking accounts, savings accounts, credit cards, personal lines of credit, loans, investment options, TFSAs, RRSPs, GICs, HELOC and more. 1) Checking Account: Tangerine offers a no fee unlimited transaction checking account including free E-Transfers. Compared to the 5 big banks you will have to pay a monthly fee, unless you're senior, a student or having $4000 to $6000 deposited in their checking account. This in itself is mega value for many. 2) Savings Accounts: Tangerine used to offer a pretty decent high interest savings account, but right now it is peanuts. Its at 0.1%... These rates do change and at one point it was at 1.05%. Luckily other financial institutions like EQ bank, Canadian Tire Bank and Motive bank offer way better rates. However, during promotions Tangerine offers anywhere between a 2-3% interest rate for around 4-6 months. Click Here To See The Current Interest Rates At Various Banks: https://www.highinterestsavings.ca/chart/ 3) Visa Debit Card With Tangerine you get a physical debit card which you can use it for retail purchases by using Interac Tap, Pin, and online purchases through their Visa Debit services. And you get access to 3500 ATMs provided by Scotia Bank all for free! 4) Credit Card They offer a really good Credit Card. It has no annual fees, 2% cashback on 2 purchase categories of your chose, or 3 purchase categories of your chose if you open up a savings account too. So you can get 2% on gas, 2% on groceries, and 2% on recurring bills. However any spending outside of the selected purchase categories will give you a cashback rate of 0.5%. You can always funnel these purchase into another Credit Card that gives a better cashback rate such as the CIBC Dividend Visa card (no annual fee). You will need a income requirement of $12 000 for Tangerine's Credit Card, however if you bank with Tangerine first by opening a checking account for a year or so, and keep the account in good standing you will most likely receive their Credit Card pre-approval which bypasses their income requirements. 5) No REAL Physical Branches. Even though ScotiaBank owns Tangerine you cannot ask for any support at their branches. You can only access the ATMS they provide. However tangerine does have a couple cafes and popup locations, but in my experience they offer very limited support. This may be a downside for someone, because some people just do better with in person interactions, and sometimes when you need something ASAP from the bank you won't be able to receive NOW. You will have to wait till they mail it and wait until you receive it. So I wouldn't reccommend it as your main business banking account. 6) Investing (Get Rich Real Quick, Joking) Tangerine offers various portfolios based on your risk tolerance that you can start investing in. They are not bad, and you can start investing with $100. You just put money in it, leave it, and watch it grow. However, they do offer a MER fee of 1.06% (this rate changes) which for some is seen as high since other brokerages like WealthSimple offer the same service but for a better value. **Please Note** Tangerine does NOT offer self directed brokerage accounts where you can buy and sell stocks, ETFs and options. So it is very limited, but since it is a passively managed index portfolio it is still appealing to a lot of its users. Though I think its better if you open a WealthSimple brokerage account instead, just because you will save and earn more! :) --- For business or one-on-one consulting for ecommerce, tech, stock investing, marketing, business scaling, money management, credit and banking, you can reach me at [email protected] *Some of the links and other products that appear on this video are from companies which Mike Gap will earn an affiliate commission or referral bonus. Mike Gap is part of an affiliate network and receives compensation for sending traffic to partner sites. Some of the offers mentioned may no longer be available. |
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