With recent increases in banking fees, many people are looking for new banks to meet their financial needs. In my case, I recently switched from CIBC and RBC to Tangerine Bank. Although my previous bank had many ATMs, I had to switch when CIBC increased their account usage fees.
After researching several banks, I discovered EQ Bank (currently the highest interest rate among free online banks at 2.5% per year, I'll provide a link to a review below) and Tangerine Bank.
Among them, Tangerine Bank was the most attractive to me because they allow ATM access through Scotiabank, have no account maintenance fees or email transfers, and are currently offering an event where you can receive up to $400 in rewards by continuing to deposit your paycheck for three months after opening a new account. Additionally, you can benefit from an interest rate of up to 5% for a maximum of three months.
However, this event only allows for direct deposit, not check deposit, so if you receive your paycheck by check, you cannot take advantage of this promotion. Instead, you can use a referral code to receive $50 in rewards. You can enter the referral code using the Orange Key.
If you sign up using the referral code below, both you and I, the referrer, will receive a $50 reward.
64732250 S1
(Refer a friend and get a Bonus of $50 for up to 3 referrals per year)
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