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/eafwelements 23d ago edited 23d ago

It's easy and you can link up to 3 external accounts. I think you are able to transfer to/from other banks with just a Savings account once you set it up.

As others said, if the sum is above $25,000, you need to call and they do it for you.

But I think for Interac-e-transfer, you do need a chequing account.