Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

Tangerine BankNo-Fee Chequing

Tangerine No-Fee Daily Chequing Account

Q: Is there a minimum balance required for the Tangerine No-Fee Daily Chequing Account?

$0 -- no minimum balance to avoid fees or earn the stated rate.

Our take: a no-fee, no-minimum chequing account with Scotiabank’s ABM network and a $250 payroll bonus — a natural fit if you already save with Tangerine.

#5 Best chequing

At a glance$250 cash bonus with the New Client Payroll Offer (conditions apply)

Open an account on Tangerine’s site →

Goes straight to Tangerine
Our review

The Tangerine No-Fee Daily Chequing Account is a digital-only chequing account with no monthly fee and no minimum balance requirement. As a Scotiabank® subsidiary, Tangerine gives account holders free access to Scotiabank’s ABM network across Canada, which offsets one of the biggest drawbacks of branchless banking. It’s a solid everyday account for people comfortable managing their banking entirely online or through an app.

4.0out of 5

MoneyMint rating

#4 of 16 chequing accounts · How we rate

Real annual cost

10/10

Transactions

10/10

Interest paid

0/10

Welcome bonus

3/10

Access

9/10

Deposit protection

10/10

real annual cost — the fee, or the interest given up on the balance that waives it, whichever is lower. Run your own numbers →

At a Glance

Monthly Fee

$0no minimum balance required

Account Type

Digital ChequingTangerine Bank, a wholly-owned Scotiabank subsidiary

Interest Rate

0.01% to 0.10%Tiered by balance; 0.10% needs $100,000 or more

Minimum Balance

$0no minimum to avoid fees or earn the stated rate

Free ATM Access

3,500+ ABMsScotiabank network in Canada; ~44,000 worldwide via Global ATM Alliance

Non-Network ATM Fee

$1.50 / $3$1.50 in Canada, $3 worldwide, outside the Scotiabank/Alliance network

Foreign Transaction Fee

2.5%standard currency conversion surcharge

Welcome Bonus

$250 cashNew Client Payroll Offer — requires payroll direct deposit

Note: Tangerine pays 0.01% on balances under $50,000, 0.05% from $50,000 to $99,999.99, 0.10% from $100,000 to $499,999.99 and 0.01% at $500,000 or more (rates effective February 23, 2026). Rates can change, so check Tangerine’s rates page before you apply.

Pros & Cons

Pros

No monthly fee, no minimum balance
Unlimited free everyday transactions and bill payments
Free Interac e-Transfer with Autodeposit
Visa Debit card with Interac and Visa Zero Liability fraud protection
Apple Pay, Google Pay, and Samsung Pay compatible
Free access to Scotiabank’s 3,500+ Canadian ABMs and ~44,000 worldwide via the Global ATM Alliance
Cheque-In mobile cheque deposit through the app
Direct deposit and pre-authorized payment support with instant fund access

Cons

Digital-only bank — no physical branches, so in-person service isn’t an option
Free ATM access is limited to the Scotiabank network; other ATMs cost $1.50 (Canada) or $3 (worldwide)
Foreign currency transactions carry a 2.5% conversion surcharge
Additional cheque books cost $50 each after the first free one, and stop payments cost $12.50 after the first free one per year
Interest is minimal: 0.01% on balances under $50,000, far below a high-interest savings account
The $250 welcome bonus requires switching payroll direct deposit, not a simple account opening, and is time-limited

Who It’s For

Best For

Everyday spenders who want a genuinely no-fee, no-minimum-balance chequing account
People comfortable banking entirely online or through an app
Anyone who wants free cash access via Scotiabank’s large ABM network

Not For

Anyone who wants in-person branch service
Frequent international spenders looking to avoid the 2.5% FX fee
Savers prioritizing a confirmed, competitive interest rate — consider a dedicated high-interest savings account instead

Not Sure? Three Accounts People Compare It With

All chequing accounts →

Neo Financial Neo Money Chequing Account

Pick this instead if you already bank with Neo Financial.

Fee $0Rate 0.1%

Read review

Wealthsimple Chequing Account

Pick this instead if you want a better ongoing rate (2.25%+).

Fee $0Rate 2.25%Bonus up to $25

Read review

BMO Performance Chequing Account

Pick this instead if you want a bigger welcome bonus (up to $700).

Fee $18/moBonus up to $700

Read review

Tangerine No-Fee Daily Chequing Account

No monthly fee · 0.1% interest · up to $250 welcome offer

Open an account on Tangerine’s site →Compare all accounts

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against Tangerine’s official page on August 15, 2026. Key figures were re-checked on September 25, 2026.

This is general information, not personalized financial advice — consider your own banking needs and consult a professional for decisions specific to your situation. Fees, rates, and offers are set by Tangerine Bank and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

Does the Tangerine No-Fee Daily Chequing Account charge a monthly fee?

The Tangerine No-Fee Daily Chequing Account has a monthly fee of $0 (no minimum balance required).

What interest rate does the Tangerine No-Fee Daily Chequing Account offer?

Tiered: 0.01% on balances under $50,000, 0.05% from $50,000 to $99,999.99, 0.10% from $100,000 to $499,999.99 and 0.01% at $500,000 or more (Tangerine rates effective February 23, 2026). Check tangerine.ca/en/rates/chequing-account-rates before you apply. None found — chequing-specific promotions are cash sign-up bonuses, not rate boosts (see Welcome Bonus below).

Is there a minimum balance required for the Tangerine No-Fee Daily Chequing Account?

$0 — no minimum balance to avoid fees or earn the stated rate.

How many free transactions does the Tangerine No-Fee Daily Chequing Account include?

Unlimited free debit purchases, bill payments, and pre-authorized transactions. Free unlimited Interac e-Transfer with Autodeposit. Free access to 3,500+ Scotiabank ABMs in Canada and roughly 44,000 worldwide via the Scotiabank Global ATM Alliance. Non-network ABM in Canada: $1.50; non-Alliance ABM worldwide: $3. Foreign currency conversion fee: 2.5%.

Does the Tangerine No-Fee Daily Chequing Account have a welcome bonus or promotional offer?

$250 cash bonus under Tangerine’s New Client Payroll Offer: open the account within 60 days of getting a Client Number, set up payroll direct deposit within 60 days, and make minimum $200/month deposits for 2 consecutive months. The bonus is paid the month after conditions are met and can’t be combined with other Tangerine chequing bonuses. A separate $300 CAA-Quebec-member variant also exists — don’t confuse the two.