Does Tangerine charge a monthly fee?

No. Tangerine's No-Fee Chequing Account has a $0 monthly fee with no minimum balance requirement. Tangerine's Savings Account also has no monthly fee. Tangerine is designed as a no-fee digital banking alternative to traditional bank chequing accounts, which often charge $4.95–$30.95 per month.

Does Tangerine charge for Interac e-Transfers?

Tangerine offers free Interac e-Transfers for both sending and receiving. There is no per-transfer fee. The daily e-Transfer send limit is $3,000. This is a significant advantage over basic Big 5 bank plans, which may charge $1.00–$1.50 per e-Transfer.

Does Tangerine charge ATM fees?

Tangerine customers can use Scotiabank's ~3,500 ABMs fee-free. THE EXCHANGE® Network ATMs are also fee-free for Tangerine customers. Using ATMs outside these networks may result in operator surcharges which Tangerine does not reimburse. Scotiabank's ABM network is the largest practical free ATM network for Tangerine customers.

Are there fees for Tangerine savings or GICs?

Tangerine's Savings Account and TFSA Savings Account have no monthly fee. GICs have no management fee. Interest on savings is paid monthly. GIC interest is paid at maturity (short term) or annually (multi-year). There is no fee to open, hold, or close a Tangerine savings account or GIC.

Tangerine Bank Fees 2026 — No Monthly Fee, Free Transactions and e-Transfers

Q: Does Tangerine charge NSF fees?

Tangerine charges NSF (non-sufficient funds) fees for returned transactions. The standard NSF fee is approximately $45. Tangerine does not offer overdraft protection on its No-Fee Chequing Account. Transactions that exceed available funds are declined or returned.

Tangerine charges $0 per month — no monthly fee, no minimum balance, unlimited free transactions, and free Interac e-Transfers. Scotiabank ABMs are free. NSF fee: approximately $45. Stop payment: approximately $10.

Quick answer: Tangerine monthly fee: $0. Transactions: free. e-Transfers: free. Scotiabank ATMs: free. NSF: ~$45. No overdraft protection.

The Real Value of $0 Monthly Fees

Tangerine’s most direct competitor for your everyday banking is Scotiabank — its parent company. Scotiabank’s Preferred Package costs $16.95/month and is waived only if you maintain $4,000 in your account at all times. Tangerine gives you similar banking infrastructure (same ABM network, same digital platforms) for $0.

Over 10 years, that $16.95/month adds up to $2,034 in fees avoided — without the $4,000 balance requirement.

Account	Monthly Fee	Annual Cost	10-Year Cost
Tangerine No-Fee Chequing	$0	$0	$0
Scotiabank Basic Banking	$3.95	$47.40	$474
Scotiabank Preferred Package	$16.95	$203.40	$2,034
Scotiabank Ultimate Package	$30.95	$371.40	$3,714

Tangerine Full Fee Schedule 2026

Service	Fee
Monthly account fee	$0
Minimum balance	None
Transactions (unlimited)	Free
Interac e-Transfer (send)	Free
Interac e-Transfer (receive)	Free
Scotiabank ABM withdrawals	Free
EXCHANGE® Network ATMs	Free
Other ATMs (non-network)	Operator surcharge — not reimbursed
Mobile cheque deposit	Free
NSF / returned item	~$45
Stop payment	~$10
Paper statement	Digital only ($0)
Overdraft protection	Not available

Understanding Tangerine’s NSF Fee

An NSF (Non-Sufficient Funds) fee is charged when a payment leaves your account — a pre-authorized debit, cheque, or bill payment — but there isn’t enough money to cover it. The transaction gets returned or declined, and Tangerine charges approximately $45.

Tangerine does not offer overdraft protection. This means declined transactions are the alternative to overdraft — and you still pay the NSF fee even if the transaction was declined rather than processed.

Common NSF triggers and how to avoid them:

Rent pre-authorized debit: Set a calendar reminder to verify your balance before the 1st of the month
Insurance premiums: Know your payment dates and ensure funds are in your account the day before
Subscription renewals: Annual subscription renewals (streaming, software) can surprise low-balance accounts — check email for renewal notices

Prevention tips:

Set a low-balance alert in the Tangerine app (Settings → Alerts)
Keep a minimum buffer of $100–$200 in your chequing account at all times
Link your Tangerine Chequing to your Tangerine Savings — manually transfer if you see a balance drop
Review upcoming pre-authorized debits monthly

Non-Network ATM Fees

Tangerine is free at Scotiabank ABMs (~3,500 locations) and EXCHANGE® Network ATMs. Using any other ATM — TD, RBC, BMO, CIBC, or independent white-label ATMs — will result in the ATM operator charging a fee of typically $1.50–$3.00. Tangerine does not refund these charges.

If you need ATM access anywhere in Canada without fees, EQ Bank reimburses ATM fees at any Interac ATM up to a monthly cap — a meaningful difference for frequent travellers.

Stop Payment: When and How

A stop payment cancels a cheque before it clears. You’d use this if:

A cheque was lost or stolen before the payee received it
You’ve disputed a purchase and want to stop the cheque from clearing
You wrote a cheque in error

Cost: approximately $10 per request. Call Tangerine at 1-888-826-4374. You’ll need: the cheque number, payee name, amount, and the date written. Stop payments only work on cheques that haven’t yet cleared the payment system.

Tangerine vs. EQ Bank vs. Simplii: Fee Comparison

Feature	Tangerine	EQ Bank	Simplii
Monthly fee	$0	$0	$0
ATM access	Scotiabank ~3,500	Any (reimbursed)	CIBC ~3,400
e-Transfers	Free	Free	Free
NSF fee	~$45	~$45	~$45
Overdraft	No	No	No
GICs	Yes	Yes	No

Tips for Staying Fee-Free at Tangerine

Use Scotiabank ABMs only — find them in the Tangerine app before you travel
Enable balance alerts — get a notification before you drop below $200
Align bill payment dates to payday — set up pre-authorized debits for the day after you’re paid
Use e-Transfer for payments — faster and safer than cheques, and no stop-payment risk
Download statements monthly — Tangerine retains them digitally; no paper copies are mailed

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy