Cost of not using Tangerine chequing account | Tangerine Bank (formerly ING Direct) | Discussion forum

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Cost of not using Tangerine chequing account
March 2, 2018
9:30 am
JenE
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e-mail warning from Tangarine just received by spouse:

“For these reasons, Chequing Accounts that are inactive for 12 months will be charged a $10 inactivity fee. The $10 inactivity fee will then be charged every 365 days if there are no transactions on the Account.”

March 2, 2018
11:02 am
tcharger67
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This is why I don't use tangerine unless they have the best rate.

March 2, 2018
11:17 am
Bill
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You can just transfer $20 in from your savings account and then back out if it needs a transaction.

March 11, 2018
9:13 pm
Save2Retire@55
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Well, Tangerine is totally free with unlimited transactions. You can do a really small transaction once a year online or just use the debit card to withdraw money (maybe only $20) and then deposit it. At least they sent an email first which is nice.

April 4, 2018
4:41 pm
Doug
British Columbia, Canada
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Agree, not really an issue here. They warned your spouse, who, presumably, complied. It's just standard dormant account notice. All banks and CUs do this. 🙂

Don't set up an automatic, scheduled transaction, though, as those typically don't count as manual, customer-initiated transactions. Instead, make yourself a calendar reminder to manually do a transaction in each account at least once per year.

Cheers,
Doug

April 4, 2018
4:46 pm
JenE
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Thanks all!

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