Tangerine Money Transfer Review

Exchange rates, payment options, step-by-step guide, transfer fees, and all you need to know about .

Trademark Disclaimer: Tangerine* is a trademark of Tangerine Bank with whom Remitbee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Everything you need to know

Tangerine review

If you are looking at options to send international money transfers, you may be curious about Tangerine. It’s not the typical Canadian bank, as it has no branches and operates entirely online and through ATMs. However, it means that there are less fees and expenses than traditional banks. It can also pay you more interest on your money. While Tangerine may be a popular choice, it does have its limitations. Before you decide on a bank, it’s best to do your research. Keep reading to find out everything you need to know about sending an international money transfer with Tangerine.

Payment Methods Available with Tangerine

Tangerine Bank offers a variety of payment methods to make banking convenient and flexible. You can send money through Interac e-Transfer using email or mobile numbers, set up Autodeposit for automatic deposits, and pay bills online. Additionally, Tangerine supports mobile wallets like Apple Pay and Google Pay for secure, contactless payments. You can also set up and manage pre-authorized payments for automatic withdrawals. These options ensure easy management of your finances, both online and on-the-go.

How long does a transfer usually take with Tangerine?

Tangerine transfers via Interac e-Transfer are typically instant, while bill payments can take 3 to 5 business days. Transfers initiated after the cut-off time are processed on the next business day.</span>

Tangerine Transfer Fees

Tangerine offers no monthly fees for chequing accounts, with free Interac e-Transfers and minimal charges for services like overdraft protection and foreign currency conversion. Other fees include charges for cheque books, NSF transactions, and paper statements.

Pros and Cons of using Tangerine

Pros

Low fees for accounts, no monthly fees

Account holders can use all Scotiabank ATMs

High interest rates

Highly rated app, desktop and mobile website

Cons

Does not offer international money transfers

Best for customers who are comfortable with technology

Some accounts can be temporarily frozen if there are verification issues

Can be difficult to open account if you’re new to Canada

How it works

How to Send Money Abroad with Tangerine

Tangerine does not allow account holders to send or receive international money transfers. Banks require a SWIFT code or BIC code to do a wire transfer, and Tangerine has neither. There are ways around this, however. If you bank with Tangerine, you can take advantage of the alternatives available.

Best rates with RemitBee

RemitBee makes sending money abroad simple, fast, and affordable. With transparent fees and no hidden charges, it offers competitive pricing for international transfers. You can choose from multiple payment methods and benefit from the mid-market exchange rate, which ensures you get the best value for your money.

Transfers are secure, with top-level encryption protecting your data and funds. Whether you're sending money to family or handling business transactions, RemitBee ensures a smooth, reliable experience every time.

Safety and security

Is Tangerine money transfer secure?

Tangerine takes its security rather seriously. Their cards are embedded with a microchip to protect against theft and fraud. If you forget your PIN, you can reset it online after answering several security questions to verify your identity. There’s a dedicated online security number to call if you have any issues: 1-888-SAFE-304. There’s also enhanced security for the Tangerine apps. For iPhone users there is Touch ID to identify you via your unique fingerprint. You can even take advantage of Face ID if you so choose. If you have an Android device running 6.0 or higher you can also benefit from Fingerprint ID.