Tangerine Canada

December 9

Accounts and Apps that Will Save You Money if You Like to Travel

Posted by on December 9, 2014 at 8:00 PM

Accounts and Apps that Will Save You Money if You Like to Travel

I’m a huge fan of travel, especially international travel.  Over the years and almost 40 countries that I have visited, there have been a few accounts and apps that have been helpful for me when I plan my travel and also during the actual travel itself.  Here are five apps and accounts that may be of interest to you for your next vacation abroad.

Tangerine Chequing Account

I recently signed up for the Tangerine Chequing Account (I already have savings accounts with Tangerine, which used to be known as ING Direct) solely because Tangerine waives International ABM Access Fee (which can usually be upwards of $5 per transaction from your usual bank, in addition to the $3-5 that the International ATM charges you).  The International ABM Access fee is waived except for in Colombia and Panama.

The great thing is that the interest rate is better than any big bank chequing account too, 0.25% as of writing this post.  For current rates, check out Tangerine’s website here.

On a recent trip I tested it out (made a few purchases on an ATM internationally in the Netherlands and Denmark) and checked my Tangerine account when I got back.  Low and behold, the only transactions I saw was the conversion rate, thankfully there were no extra fees charged from Tangerine.

If you are interested, Tangerine often has great cashback discounts for opening an account.

Amazon and Mariott Rewards Visa Credit Card

This is a popular travel credit card, however, I do not own it myself.  The foreign transaction fee is preset by Visa and Mastercard, at 2.5% of your purchase.  With the Mariott Rewards Premier Visa Credit Card, you can stop worrying about the foreign transaction fees that your typical credit card will charge you (which are usually hidden and you won’t be able to see it directly on your credit card bill).  Same goes for the Amazon.ca Visa credit card in Canada.  These are both from the bank, Chase.

Check out The Toronto Star’s article on credit cards to save you foreign transaction fees for more information.

Pay Back App

The Pay Back App if one of my favourite apps and probably the app that I have had the longest, pertaining to travel.  I have used it when traveling with friends and they are a big fan of it too.  No more ambiguity when it comes to who owes who for what.  No more complicated charts and records.  With the Pay Back App, you can record multiple trips and use different currencies (as long as you double check with the current conversions to make sure they are accurate).  All you do is input the friends involved in the trip, input the expenses (and to make sure you click on who paid for the expense and who is involved in sharing the expense), and at the end of the trip, click “PayBack!” and you have a summary of who owes what, which can be emailed as well.

XE Currency App

I have had the XE Currency App for years.  It uses live and mid-market rates (but you need access to the Internet, though it can save the exchange rate if you leave the wifi area) and you can add the currencies you want to compare.

You can download the XE Currency App here, the cost is free!  It is available for iPhone, iPad, Android, BlackBerry, Windows, and Firefox OS devices.  Although the currency exchanger that you use or the credit card rate that is charged will be different than the lives rates that you obtain from the XE Currency App, you will at least know how much it should be…roughly.

Google Translate

According to LifeHacker, one of the best apps to get if you travel abroad often is either Google Translate or iStone Travel Translation.  For Google Translate, you can either type your phrase or say it to Siri.  Google Translate has the capability to translate 58 languages in text or 23 languages by voice.  Pretty amazing if you ask me!

There you have it, there are some tricks from the trade on how to save money if you travel abroad often.  I hope these will be of utility for you on your next adventure!

Bargainmoosers, do you have any tried and true tips and tricks to save money while traveling abroad?

Image credit: Peter Rowley

Moose Rating (1 votes)
September 3

Tangerine Canada: $50 Bonus On Children’s Bank Accounts

Posted by on September 3, 2014 at 1:00 PM

Tangerine Canada: $50 Bonus On Childrens Bank Accounts

When Avi recently blogged about Tangerine’s deal to get $120 into your new chequing account, I should have taken notice. Reason is now if you open a child’s account, you’ll get a $50 bonus into their account. For some reason I thought I read that a parent needs to have an account for this bonus to take effect, but I don’t see this anywhere on their site. But, when I try to open a child’s account, it asks me to login. You can probably still get this bonus by opening your own account and then opening theirs, you just won’t get the $120 bonus that Avi talked about, that is now expired.

What you need to do to get a $50 bonus deposited is open up a child’s bank account and then deposit at least $250 into the account by October 31st. You can open up as many accounts as you have children and the children can be any age, up to age 16. Since I have three kids, that is a total bonus of $150 for me, which is very nice.

I actually just recently opened three savings accounts for my boys. We have an allowance system where they’ll save part of their allowance each month in a bank account for when they are older for post-secondary school, travel, a car or some other large expense they might have. It will be their choice to do what they want with the money as long as I agree Tangerine Canada: $50 Bonus On Childrens Bank Accounts This just means they won’t be allowed to take it to go out and party, as I may have done at 18. Anyway, we opened their accounts with less than $100, but I’m thinking this deal is so good that I should just bite the bullet and deposit $250 in each anyway so we get that bonus. I could take it out after if I decide that this is too much to start with, but I think I may just leave it and let their money grow.

While I don’t have a Tangerine account and it looks like you need one to participate in this offer, I think I want to open one anyway. They have a 3% interest rate on savings right now, which is a lot higher than the 1% my bank is currently offering me. I’m not sure if I’ll be able to take part in this, but I’m sure they’ll have other promotions like this that I have not seen from my bank at all.

Because I’m already with Scotiabank, which is where you can deposit and withdraw your money free, this change will be seamless for me.

(expiry: 31st October 2014)

Moose Rating (5 votes)
August 12

Tangerine Canada: Up to $120 Bonus With New Chequing Account

Posted by on August 12, 2014 at 5:00 PM

Tangerine Canada: Up to $120 Bonus With New Chequing Account

Tangerine Canada (formerly ING Direct) is offering up to $120 for free when you sign up for a new Chequing Account and switch over your pay to deposit directly into it.

You will receive your $120 bonus over a longer period of time so this is not a get rich quick scheme. Once you sign up for the chequing account and transfer over your pay, Tangerine will deposit $10 into your account every Friday for twelve consecutive Fridays. However, to qualify your must:

  • Open a new chequing account before the 31st of August
  • Have your first payroll direct deposit received in your new account by the 31st of October
  • Continue to receive payroll direct deposits each calendar month for three consecutive months

If you follow all the steps properly, then you will be paid the $10 bonus deposits every Friday beginning on the first Friday of the following month. Tangerine is good about giving out their bonuses to those who meet their requirements. I recently transferred banks from TD Trust to Tangerine because my student offers with TD expire at the end of August. TD really does not have any good no-fee bank accounts, and I do not like to hold large sums of money in a chequing account just to receive no fees. I switched over to Tangerine during the last promotion I blogged about, and I receive the bonus $50 for a new Savings Account and a bonus $50 for a new Chequing Account. Overall, Tangerine gave me $100 just for making the switch.

I love Tangerine so far. They make it easy to change over your banking information. You can get a PDF version (or print off) a void cheque, which has all the bank information at the bottom that you need to transfer over your pay or direct deposits. I was just transferring over some of my direct deposits this morning. I also really like that my chequing account gives me interest. I deposited some money in there and then forgot to transfer it to my savings account. However, I still earned some interest on the balance. I can also bank at like 15 branches in my city, including free withdrawals at a 7-Eleven one block away. So far Tangerine has been convenient and in my best financial interest.

I would recommend Tangerine if you hate bank fees and like free money.

Image Credit: Pascal Maramis

(Expiry: 31st August 2014)

Moose Rating (2 votes)
May 13

Tangerine Canada: Get Up to $150 Bonus for New Account

Posted by on May 13, 2014 at 8:30 PM

Tangerine Canada: Get Up to $150 Bonus for New Account

Open a new bank account with Tangerine, and receive up to a $150 cash bonus.

Tangerine (previously known as ING Direct) is offering a nice little incentive to switch banks. New customers will get up to $150 when they come over to Tangerine. Receive:

  • $50 Cash Bonus when you your first Tangerine Savings Account with at least $250 by the 30th of June 2014.
  • $50 Cash Bonus when you open your first Tangerine Chequing Account with at least $250 by the 30th of June 2014.
  • $50 Cash Bonus when you switch your pay to go directly to your Tangerine Chequing Account by the 31st of July 2014.

Together, those three cash bonuses add up to a free $150.

You can also look forward to a pretty high (compared to other banks) interest rate of 2.50% on all new deposits made by July 31, 2014 to a new or existing Tangerine Savings Account, RSP Savings Account, or Tax-Free Savings Account.

While Tangerine has no physical branches, that is what helps keep their costs low and the interest rate you get paid high. They also offer no minimums, fees, or service charges unlike many other banks. This is certainly an option I am considering since my student account is going to be no longer valid after June. Maybe I should apply now.

(Expiry: as shown above)

Moose Rating (2 votes)