Transaction amounts need to be at least $1.00 | Tangerine Bank | Discussion forum

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Transaction amounts need to be at least $1.00
October 8, 2021
7:11 am
Alexandre
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I've got tiny cashback on my Tangerine MasterCard, 15 cents, and it were deposited to an otherwise empty Savings account.

I decided to move these 15 cents from Savings to Checking, to keep Savings empty, and got "Transaction amounts need to be at least $1.00" error message.

So, I moved $1 from Checking to Savings, then, immediately after, $1.15 back from Savings to Checking.

I suspect this limit was placed to avoid tiny transactions wasting precious database and servers resources. How is that working for you, Tangerine?

October 8, 2021
10:23 am
Dean
Valhalla Mountains, British Columbia
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.
The same thing happened to me last year. I now keep at least a dollar in every account that I want to keep open. And I no longer fret over small change. Life is so much better now. sf-wink

I'm guessing that Tang isn't the only FI that has a "Transaction amounts need to be at least $1.00" rule.

Cheerio,

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

October 8, 2021
12:19 pm
Loonie
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I try to keep such accounts low enough that they will not attract interest. It's too much bother for bookkeeping.

I also try to move a dollar in or out at least every six months. It seems to me that "inactivity" periods are getting shorter and I don't like having to keep track of them.

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