Tangerine Referral Code (Orange Key): Get a $50 Bonus
Use our Tangerine Orange Key 23682439S1 to get a $50 cash bonus when you open an account and deposit $250. Here's how it works, what the fine print says, and whether Tangerine is worth it.
Banking
Tangerine
$50
cash bonus
Bonus terms are set by Tangerine and may change at any time.
Tangerine is a Canadian online bank with no branches and, for the most part, no everyday fees. You can open a no-fee chequing account, a savings account, a TFSA or RRSP, and even get a mortgage or a credit card, all from your phone. It's a solid pick if you want a simple second bank account or a good place to park savings.
Our review
A straightforward online bank with no monthly fees on its everyday accounts and easy signup. The referral bonus takes about two months to earn, so you will need to leave your deposit in place.
How the Tangerine referral bonus works
Tangerine's referral codes are called Orange Keys. Enter ours, 23682439S1, when you sign up and you and the person who referred you each get $50. Here's what you need to do:
- Be a brand new Tangerine client. You can't have ever had a Tangerine or ING DIRECT account before.
- Enter the Orange Key while you enroll. Once it's submitted, it can't be changed, so use it at signup.
- Open your first account. Chequing, savings, TFSA and RRSP all work. Credit cards don't count.
- Deposit at least $250 within 60 days of becoming a client.
- Keep at least $250 in your account for 60 days in a row, starting from the day of that first deposit.
The bonus is paid into a non-registered Tangerine Savings or Chequing account, so make sure you have one. Tangerine says it should arrive within 30 days once you've met everything. The offer can't be combined with other Tangerine signup bonuses unless their terms say so.
What you get
- A $50 cash bonus after your first $250 deposit and 60 days
- A no-fee chequing account with unlimited e-Transfers and debit transactions
- Savings accounts, including promotional rates for new clients that change often
- TFSA, RRSP and other registered accounts
- A mobile app that handles everyday banking
How to claim the Tangerine bonus
- 1
Start your Tangerine application
Go to the Tangerine website or app and choose to open an account. You need to be a brand new client. - 2
Enter the Orange Key
When you are asked for an Orange Key, enter 23682439S1. It cannot be changed once you submit it. - 3
Open your first account
Finish the application for a chequing or savings account. Credit cards do not count toward the bonus. - 4
Deposit at least $250
Move at least $250 into your new account within 60 days of becoming a client. - 5
Keep $250 in the account for 60 days
Do not go below $250 for 60 days in a row, starting from the day of your first deposit. - 6
Watch for your bonus
Tangerine pays the $50 into your Savings or Chequing account within about 30 days of you meeting the requirements.
Pros
- No monthly fee on everyday accounts
- Easy signup and a simple app
- Both you and the person who referred you get $50
- Savings, TFSA, RRSP and chequing in one place
- Owned by a major Canadian bank
Cons
- You must keep $250 in the account for 60 days
- The bonus is not instant
- New clients only
- Cannot be combined with other signup bonuses
- No physical branches
Is Tangerine worth it?
If you want a simple online bank account or a place to park savings, yes. The everyday accounts don't charge monthly fees, the app is easy to use, and the $50 is basically free money for moving $250 you weren't going to spend for two months.
Think of the $250 as parked, not spent. If you need that cash in the next 60 days, hold off until you can leave it alone, because dipping below $250 before the 60 days are up can cost you the bonus. Also check whether Tangerine is running a bigger promotion for new clients, since those offers can't usually be stacked with the referral.
Frequently asked questions
How much is the Tangerine referral bonus?
What is the Tangerine referral code?
How long until I get the bonus?
Do I have to keep the money in the account?
Can I use the code if I ever had a Tangerine or ING DIRECT account?
Can I combine the referral with another Tangerine promotion?
Referral terms change without notice. Always confirm the current details on Tangerine's site before you sign up.
