Tangerine is the new black

If you’re like me, you’ve probably been with the same bank since you were in diapers (in my case, literally. My parents set me up with an account when I was young!) Truth be told, we all have stories about getting our first paycheque, saving for our first house, or buying a car – and our bank has been a big part of that.

While I initially was reluctant to the idea of getting a new bank account, the allure of getting rid of those pesky (and unnecessary) fees was intriguing. It wasn’t until I was introduced to a new way of banking that I realized those fees for going over your transaction limits, sending money etc. are not a necessary evil. There is a solution. Enter: Tangerine.

Tangerine is banking that’s simple, easy to understand and truly has the customer in mind. I love that they don’t believe in banking fees. Did you know that the average Canadian spends $200 a year JUST in banking fees alone? That’s crazy if you ask me, and it’s something that a lot of us aren’t necessarily aware of or accounting for. Check out the fee chart for Tangerine here. That’s a lot of ‘FREE’! I especially like that Interac e-Transfers are just a dollar each ($0.50 less than my former bank!)

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Signing up for an account was super easy, but I was initially afraid of the time it would take to transfer my bills and payroll direct deposits. The hesitation was then shattered when I found their awesome Switch Assistant tool. It’s a handy tool that allows you to transfer over your payroll direct deposits, bill payees and pre-authorized payments all in one place.

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I went ahead and switched all my bills over to Tangerine within 3 minutes flat. I was shocked that I could do all of that in less time than it takes to brew a pot of coffee. The Switch Assistant tab within your account is where everything happens. Simply click on the action (see above) to get started. I clicked Import bill payees, and then easily imported my bill payee information from my current bank account by logging in.

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What’s more, you can earn $100 just for switching your payroll direct deposits and making either 1 pre-authorized payment or 2 bill payments by October 31, 2015. It’s almost too good to be true (except it isnt!) Head over to tangerine.ca to get on your way to a better type of banking. Trust me, you won’t regret it!

– MoneyMomma

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