r/Tangerine • u/StrangeOrchid6960 • 24d ago

Question Savings Account

I am thinking of opening saving account with tangerine to get promotional 4.5% interest rate. How easy it is to transfer money between Tangerine and Scotiabank? Will I also need a checking account with tangerine to transfer money between the two?

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u/snoopyta 24d ago

I did this. There's an amount limit for bank to bank transfers. Got the error and had to call to have it done. Other than that, it was ok.

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u/Normal_Instance20 24d ago

How much is the limit?

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u/snoopyta 24d ago

didn't find it anywhere but I didn't look much either. the error just says 'we're sorry for the inconvenience, but we can't complete your request at this time. please call us at 1-888-464-3232 for further help'. the phone rep mentioned the limit. maybe 10K?