Tangerine USD account overview
No monthly fee and USD savings. Here's everything you need to know about the Tangerine USD account.
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.
Why bank with Tangerine?
Tangerine USD Account
The Tangerine USD account is aimed at people who need a place to save their USD, or deposit money that they are paid in USD. You won't have to convert your money to Canadian dollars if you use this account, which could be a significant benefit if the exchange rates aren't favourable.
With Tangerine, you can put your USD in a savings account with no monthly fee and earn interest. Here's everything you need to know about how the Tangerine USD account works.
With Tangerine, you can put your USD in a savings account with no monthly fee and earn interest. Here's everything you need to know about how the Tangerine USD account works.
How to Create a USD Account with Tangerine
Tangerine allows users to sign up on both the app and the website. You'll need your Social Insurance Number before you begin, as well as your work info.
Sign up with the app: The app makes it easier to sign up. You can scan your identification document right in the app, and take a selfie using your phone for verification.
Sign up with the website: Using the website signup form, you'll have to manually enter some information, and you might have to go through a few additional procedures to verify your identity.
Step 1: Click the Signup button and enter your email address, create a 6-digit banking PIN, and any promo code you may have.
Step 2: Enter personal information, including your full name, date of birth, and SIN. All information must match your government ID, plus your contact and employment information.
Step 3: Enter your address information and confirm your mailing address is the same as your home address.
Step 4: Review all the information given and confirm. At this stage you can also choose electronic or paper as your preferred method of getting documents from Tangerine.
Step 5: Click submit. You'll see a confirmation screen where either Tangerine has confirmed your identity online, or there's a prompt to confirm your identity in person. You'll get your client number right away, which is all you need to bank online and by phone using the banking PIN you chose in step one.
Sign up with the app: The app makes it easier to sign up. You can scan your identification document right in the app, and take a selfie using your phone for verification.
Sign up with the website: Using the website signup form, you'll have to manually enter some information, and you might have to go through a few additional procedures to verify your identity.
Step 1: Click the Signup button and enter your email address, create a 6-digit banking PIN, and any promo code you may have.
Step 2: Enter personal information, including your full name, date of birth, and SIN. All information must match your government ID, plus your contact and employment information.
Step 3: Enter your address information and confirm your mailing address is the same as your home address.
Step 4: Review all the information given and confirm. At this stage you can also choose electronic or paper as your preferred method of getting documents from Tangerine.
Step 5: Click submit. You'll see a confirmation screen where either Tangerine has confirmed your identity online, or there's a prompt to confirm your identity in person. You'll get your client number right away, which is all you need to bank online and by phone using the banking PIN you chose in step one.
Key features
The Tangerine US dollar savings account allows you to save your US funds at a competitive interest rate with no hidden fees or service charges. Some of the key features include:
Competitive exchange rate among other USD bank accounts in the industry
No unreasonable fees or service charges
No minimum balance requirements: every dollar earns the same rate
Account Highlights
Monthly fees
Tangerine charges zero monthly fees, and unlimited transactions are allowed.
Interest rate
Account holders benefit from a regular rate of 0.10%, regardless of balance size.
Minimum Balance
There is no minimum balance for the Tangerine US dollar account, so $0.