Tangerine Bank
Tangerine Bank is a Canadian direct bank, operating as a wholly-owned subsidiary of The Bank of Nova Scotia (Scotiabank). Established in 1997 as ING Bank of Canada (operating as ING Direct), it was acquired by Scotiabank in 2012 and rebranded as Tangerine in 2014. The bank's core business revolves around providing simplified, innovative, and fair everyday banking experiences, with a mission to empower Canadians to make smarter financial decisions. Its headquarters are located in Toronto, Ontario, Canada.
Tangerine offers a comprehensive suite of personal banking products and services, primarily delivered through its digital platforms. Key offerings include no-fee chequing and savings accounts, Guaranteed Investment Certificates (GICs), mortgages, and a range of investment funds through its subsidiary, Tangerine Investment Funds. Additionally, it provides credit cards, including the Tangerine Money-Back Credit Card and the Tangerine Rewards World Elite Mastercard, as well as registered accounts like TFSAs, RRSPs, and RIFs. The bank operates without traditional physical branches, focusing on online and mobile banking, supported by a network of Scotiabank ATMs.
As a leading digital bank in Canada, Tangerine serves over 2.5 million clients and has consistently received recognition for its client satisfaction, ranking #1 among midsize banks in Canada for 14 consecutive years by J.D. Power, and being named #1 Bank in Canada by Forbes' World's Best Banks 2025. Terri-Lee Weeks assumed the role of President and CEO on November 1, 2024. In November 2025, Tangerine announced a significant 10-year agreement with Engine by Starling to upgrade its core digital banking system, aiming to deliver a next-generation banking platform for its clients.
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