Tangerine Bank $50 Cash Bonus
Open a Tangerine Chequing or Savings Account using KeyCode 81513127S1 and deposit $250 to earn an instant $50 cash welcome bonus.
No-Fee Everyday Digital Banking in Canada with Tangerine Bank
As a wholly-owned subsidiary of Scotiabank, Tangerine Bank is one of Canada's original and most trusted direct digital banks. Serving over 2 million clients, Tangerine eliminates monthly chequing account fees while providing high-interest savings, cash-back credit cards, GICs, and investment funds. By opening a new Tangerine account using Orange Key / KeyCode 81513127S1, new clients earn a $50 direct cash welcome bonus upon funding their account with $250 or more.
Key Advantages of Banking with Tangerine
Tangerine combines complete digital banking flexibility with nationwide physical ATM accessibility:
- Zero Monthly Chequing Fees: Enjoy unlimited everyday debit transactions, bill payments, pre-authorized debits, and Interac e-Transfers without monthly service charges.
- Access to 44,000+ Free ATMs Worldwide: Withdraw cash free of charge at any Scotiabank ATM across Canada and through the Global ATM Alliance internationally.
- Tangerine Money-Back Credit Card: Earn 2% unlimited cash back on up to 3 chosen spending categories (e.g., groceries, recurring bills, gas) deposited monthly directly into your account.
- High-Interest Savings Promos: Access promotional high interest rates on new savings deposits to accelerate your emergency fund growth.
- CDIC Deposit Protection: Deposits are eligible for CDIC insurance protection up to $100,000 CAD per insured category.
How the Orange Key 81513127S1 Bonus Triggers
The Tangerine referral reward requires completing an initial deposit milestone. When registering online, inputting Orange Key 81513127S1 into the "Orange Key" field links your application to the $50 bonus. Once your Chequing or Savings account is activated and you maintain an initial deposit of $250 CAD or more for at least 60 consecutive days, Tangerine deposits $50 cash straight into your account.
Eligibility Criteria & Terms
- First-Time Client Status: Open strictly to legal residents of Canada who do not currently hold an active Tangerine account.
- Deposit Milestone: The initial $250 CAD deposit must be completed within 60 days of account opening.
- Code Entry Location: Orange Key **81513127S1** must be entered during the initial step of the online application form.
Step-by-Step Application Guide
- Visit Tangerine.ca and click **"Become a Client"**.
- Enter Orange Key **81513127S1** in the Orange Key field on page 1 of the application.
- Complete identity verification via mobile app photo upload or at a Canada Post location.
- Transfer an initial deposit of $250 CAD or more from your existing bank account.
- Maintain your deposit balance to collect your $50 cash welcome bonus!
Key Features
- No monthly fees and unlimited transactions
- Free Interac e-Transfers
- TFSA, RRSP, and FHSA account support
- High-interest savings accounts
- Mobile cheque deposit
How to Claim
- Click the referral link or visit Tangerine.ca.
- Open your first Tangerine account using Orange Key 81513127S1.
- Deposit at least $250 within 60 days of opening.
- Maintain the minimum balance for 60 consecutive days.
- Receive your $50 cash bonus in your account the following month.
Frequently Asked Questions
Reviews
267 reviewsBest high-interest savings in Canada
Moved my emergency fund to Tangerine and earn significantly more interest than my old bank. The $50 sign-up bonus was the cherry on top. Setting up automatic savings transfers took 30 seconds in the app.
Verified PurchaseGreat digital bank, limited branch access
As a fully online bank, Tangerine has no physical branches. For me, this is fine since I do everything on my phone. The referral bonus was easy to earn and customer service is surprisingly helpful for an online bank.
Switched from Big 5 bank and never looked back
The $50 bonus posted exactly as described. No monthly fees, high interest on savings, and I can use any Scotiabank ATM. Mobile cheque deposit works flawlessly. Tangerine is everything a modern bank should be.
Verified PurchaseGreat for everyday banking
Unlimited transactions and free Interac e-Transfers. The referral bonus was a nice welcome gift.
Verified Purchase