# Tangerine

> Tangerine is a Canadian direct bank serving more than 2.5 million clients with app-first chequing, savings, credit cards, investments and lending. Born as ING DIRECT Canada in 1997, it proved that a bank could trade branches and jargon for better rates and simpler products; Scotiabank bought it for C$3.126 billion in 2012. Its next test is less visible but just as consequential: moving more than two million clients onto Engine by Starling's cloud-native core under a 10-year agreement while preserving the simplicity that made the brand work.

- **Founded:** 1997
- **Headquarters:** Toronto, Canada
- **Founders:** Arkadi Kuhlmann (Founding President and CEO of ING DIRECT Canada)
- **Team size:** 1,001-5,000 employees (LinkedIn range); Tangerine reported more than 1,200 employees in 2022, while supplied company data estimates 1,800.
- **Products:** Savings Accounts, Investment Funds, Mortgages and HELOC, Mobile Banking, No-Fee Chequing
- **Notable:** Launched in 1997 as Canada's first branchless bank., Scotiabank acquired the business for C$3.126 billion in 2012, when it had about 1.8 million customers and C$30 billion in retail deposits., Introduced smartphone cheque deposit in 2013, described by Tangerine as a first in Canadian banking.

## Products & services

- **Savings Accounts** — Digital savings, TFSA, RSP, RIF and US-dollar savings accounts, including promotional-rate offers.
- **Investment Funds** — Core, Global ETF and socially responsible mutual-fund portfolios, plus a money market fund and registered account options.
- **Mortgages and HELOC** — Residential mortgages, home-equity lending and related borrowing products sold through direct channels.
- **Mobile Banking** — iOS and Android banking with transfers, bill payment, Interac e-Transfer, mobile cheque deposit, card controls and biometric login.
- **No-Fee Chequing** — Daily chequing with no monthly fee or minimum balance, Visa Debit access and interest on balances.
- **Money-Back Credit Cards** — Cash-back cards with selectable 2% categories, monthly rewards and no-annual-fee options.
- **Rewards World Elite Mastercard** — A premium Scene+ points card with accelerated earning categories and travel and lifestyle benefits.
- **Wealth View** — An in-app view combining assets, liabilities, portfolio allocation and performance trends.

## Achievements

- Launched in 1997 as Canada's first branchless bank.
- Scotiabank acquired the business for C$3.126 billion in 2012, when it had about 1.8 million customers and C$30 billion in retail deposits.
- Introduced smartphone cheque deposit in 2013, described by Tangerine as a first in Canadian banking.
- Ranked highest in J.D. Power's midsize personal-bank client satisfaction segment for 14 consecutive years through 2025.
- Ranked #1 in Canada on Forbes' World's Best Banks list in 2025 and 2026.
- Won three 2025 FundGrade A+ awards for socially responsible investment portfolios.
- Reported more than C$9 billion in interest paid to Canadians and more than 2.5 million clients on its current website.

## Latest updates

- **2026-05** — Tangerine and Shell expanded linked-card fuel savings and Scene+ rewards nationwide.
- **2026-04** — Tangerine launched the Rewards World Elite Mastercard, its premium Scene+ points card.
- **2026-04** — Forbes ranked Tangerine #1 in Canada on its World's Best Banks list for a second consecutive year.
- **2026-02** — Tangerine launched an in-app Wealth view combining assets, liabilities, allocation and performance trends.
- **2026-02** — The bank announced its Scene+ partnership and first points-based rewards card.
- **2025-11** — Tangerine signed a 10-year agreement with Engine by Starling for a cloud-native core banking platform.

## Links

- Website: https://www.tangerine.ca/
- LinkedIn: https://www.linkedin.com/company/tangerine-bank/
- Twitter/X: https://twitter.com/TangerineBank
- YouTube: https://www.youtube.com/TangerineBank
- Instagram: https://www.instagram.com/tangerinebank/
- Facebook: https://www.facebook.com/TangerineBank
- TikTok: https://www.tiktok.com/@tangerinebank

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Profile page: https://yespress.io/tangerine
Published by YesPress — https://yespress.io
Last updated: 2026-08-23