Tangerine Bank

Tangerine Bank (operating as Tangerine) is a Canadian direct bank that is a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates (GICs), mortgages and mutual funds (through a subsidiary). Many savings and investment products are eligible for registration under a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).

Tangerine Bank
Tangerine
FormerlyING Bank of Canada, operating as ING Direct
(1997–2012)
Company typeSubsidiary
IndustryFinancial services
Founded1997 (1997)
Headquarters3389 Steeles Avenue East,
Toronto, Ontario
,
Canada
Key people
Gillian Riley (CEO)
Number of employees
1,201 (2020)
ParentScotiabank
SubsidiariesTangerine Investment Funds
Websitetangerine.ca

The bank was founded by ING Group in April 1997 as ING Bank of Canada (operating as ING Direct). In November 2012, it was acquired by Scotiabank. The new name for the bank was revealed in November 2013, and the Tangerine branding was rolled out beginning in April 2014.

Although now wholly owned by Scotiabank, Tangerine remains a separate legal entity and thus kept its unique Institution Number (614), with all accounts being under a single transit number (00152).

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