It’s amazing how hard it is for me to change anything.
Like… anything. Let alone changing something like the bank that you’ve been with for years.
Even if I know that the change could be really helpful.
So if you’re anything like me, and the idea of changing banks seems totally daunting, here’s a step by step guide of how to open up an account with Tangerine.
What are you going to need:
Before you start you might want to find a few things (so you don’t have to get off the couch later).
- Ten minutes
- Your social insurance number (it’s a bank account… it’s gotta be legit)
- Your street address, phone number, and email address (in case those aren’t locked down in your noggin… I can never remember my postal code.)
- A cheque from your current bank account (why? I’ll explain later… just grab it now.)
- A pen (it’s for the cheque)
- Your smart phone (like you go anywhere without it…)
Full disclosure: The signup process only takes a few minutes, but it will take 5 – 7 days for your account with Tangerine to be fully active. They’ve got to make sure you’re a real person… and that takes time…
Open up the TANGERINE homepage:
It should look a bit like that (ooo… so tangerine-y)! Click on the ‘Sign up’ way over on the right hand side.
Step 2: Pick your account type
You can spend some time browsing the different account types if you want, but I wouldn’t worry about it right now. Once you’re all set up you can open a few more, and find the ones you like.
I say start with a generic chequing account… everyone needs one of those….
Click on that sweet “enrol now” button and we’re off to the next step!!!!
After telling them that you’re not a Client yet (but you’re soooo close), they’ll send you over to the standard form page.
You’ve totally got this… no real curve balls, but for the sake of a true step by step… here’s what that looks like.
IF YOU WANT YOUR FREE 50 DOLLARS: THIS IS THE MOMENT TO PUNCH IN YOUR FRIEND’S ORANGE KEY/CODE
Step 4: Prove you’re who you say you are
You’re so close to being finished… and you’ve only barely started. All you have to do is prove that you’re the person you say you are (which I hope is easy for most of you).
Here’s where you have a few options:
Option One: Keep your butt on the couch
This is the one that I recommend (due to my dislike for pants). It involves taking that pen and cheque and writing yourself a big fat cheque (at least 1 dollar).
Now you have a choice, you can either mail that cheque to the lovely people at Tangerine, or you can use the Tangerine smart phone app, take a picture of it, and go eat some chips (because doggone it… you deserve it).
The app works with most of the major phones: Android, Windows, and its fruit friend Apple, and Blackberry (another fruit friend). It will walk you through the process of taking the picture. Don’t worry… it’s super easy.
IF YOU ARE SENDING A CHEQUE BY MAIL: Make sure that you write your ‘client number’ in the memo section. Or they won’t know what that cheque is for.
The other reason sending a cheque is awesome:
With that cheque you’re not only proving your identity, you’re linking your current bank account with your new TANGERINE account. That means that there’s a bridge between the two of them, and you can transfer money back and forth with ease.
So when you’ve finally decided you want to move all your banking over to your new account… it’ll be a simple push of a button.
No pants required.
Option two: Go for a walk
Walks are fun. I like walks. If you’re more of a walking sort, you can check out there options.
You can either go to a Canada Post, or a Tangerine Cafe (if there’s one close to you). The friendly folks at TANGERINE will even show you where the closest locations are:
Just remember to bring some valid ID!
Step 5: Hang out and wait for Approval
If you sent in a cheque: They say it shouldn’t take longer than 5 – 7 business days for the fine people at Tangerine to verify your identity.
After that you’ll be good to go!
That wasn’t so hard was it????
Some Solid Quesions (and their accompanying answers)
I opened an account with a friend’s orange key but I didn’t get my 50 bucks. Where’s my 50 bucks?
It may take a few days, but one thing you have to remember is your account needs to be opened with a MINIMUM OF 100 DOLLARS IN IT to get your free 50 bucks.
How do I make my account a joint account?
Solid ask. In order to make an account a joint account, both of you (the people wanting to share an account) need to have their own separate Tangerine accounts.
So go through this process for each of you (one of you can even use the other’s orange key!), and then once you’ve all been approved you can do the following.
- Go into your chequing account (or whatever account you’d like to make a joint account)
- Click on Account info
- You’ll see that the ‘registration type’ is currently set to single
- Click on ‘change’
- And then follow the instructions to make it a joint account
What other questions do you have about opening an account with Tangerine?