Send Money To Tangerine Account

wserib [OP]: Member; May 21, 2014; 418 posts; 59 upvotes; Toronto, ON

Dec 20th, 2014 5:03 pm

how do you move money from your external account into your tangerine account?

I know this is a DUMB question. But I havent used my Tangerine account in many years. I see there is a link on my tangerine account that says Move My Money. Do I just click on that link and transfer the money? And most importantly will my external bank or Tangerine charge me for this transaction?

Dec 20th, 2014 5:11 pm

lingecw: Member; Jan 21, 2012; 462 posts; 210 upvotes

Dec 20th, 2014 5:11 pm

Yes, just use Move My Money. Tangerine won't charge you for transferring in or out, but your external bank might charge you for transferring money out.

Dec 20th, 2014 6:08 pm

aqnd: Deal Fanatic; Apr 20, 2011; 7747 posts; 2716 upvotes; ON

Dec 20th, 2014 6:08 pm

That about sums it up.
You always do the actions through tangerine and they do the transfer to/from the linked account
You don't ever have to use the external bank interfaces unless you need them for other banking needs.

Dec 20th, 2014 6:10 pm

angel_wing0: Moderator; Mar 23, 2004; 45356 posts; 11301 upvotes; Markham

Dec 20th, 2014 6:10 pm

wserib wrote: ↑I know this is a DUMB question. But I havent used my Tangerine account in many years. I see there is a link on my tangerine account that says Move My Money. Do I just click on that link and transfer the money? And most importantly will my external bank or Tangerine charge me for this transaction?

yes. But you will have to link accounts first before you transfer in/out money.

Dec 20th, 2014 9:23 pm

gogoblender: Deal Addict; Oct 7, 2012; 1692 posts; 430 upvotes; Montreal

Dec 20th, 2014 9:23 pm

wserib wrote: ↑I know this is a DUMB question. But I havent used my Tangerine account in many years. I see there is a link on my tangerine account that says Move My Money. Do I just click on that link and transfer the money? And most importantly will my external bank or Tangerine charge me for this transaction?

Link the accounts first
on the left of screen click on
My info and options then Links to external accounts
you can link up to three
plug in transit, bank number and account number of the account you want to link
it will take a day or two for them to confirm the link by placing a few pennies into your external account, which you then indicate how many back into the tangerine form to confirm it's your account
Always initiate transactions from your Tangerine account first
If you pull or push from Tangerine, there's never a charge
takes about a day or two

Dec 21st, 2014 12:19 am

MrMimizu: Sr. Member; Aug 13, 2011; 663 posts; 193 upvotes; Scarborough southwes…

Dec 21st, 2014 12:19 am

If it's a one time deal. Why not just write yourself a cheque and then use the online deposit?
If it's under $1000 you can just interac e-transfer

Dec 21st, 2014 12:46 am

VivienM: Deal Fanatic; Aug 27, 2004; 7460 posts; 900 upvotes; Toronto, ON

Dec 21st, 2014 12:46 am

angel_wing0 wrote: ↑yes. But you will have to link accounts first before you transfer in/out money.

Silly question that's half-related to the OP's: can you link LOCs at other banks to Tangerine's move my money feature?

Dec 21st, 2014 1:51 am

angel_wing0: Moderator; Mar 23, 2004; 45356 posts; 11301 upvotes; Markham

Dec 21st, 2014 1:51 am

VivienM wrote: ↑Silly question that's half-related to the OP's: can you link LOCs at other banks to Tangerine's move my money feature?

yes it should work afaik.

Dec 23rd, 2014 10:17 pm

GPS: Deal Addict; Nov 1, 2003; 1163 posts; 345 upvotes

Dec 23rd, 2014 10:17 pm

VivienM wrote: ↑Silly question that's half-related to the OP's: can you link LOCs at other banks to Tangerine's move my money feature?

I have not been able to link a LOC, only an actual account from another bank.

Dec 26th, 2014 4:57 am

JUnit: Deal Addict; Dec 28, 2007; 1033 posts; 565 upvotes

Dec 26th, 2014 4:57 am

Note that Tangerine will put a hold on some of your transfer for a week or so.

I have my TD LOC linked to Tangerine.

Dec 28th, 2014 1:39 pm

GPS: Deal Addict; Nov 1, 2003; 1163 posts; 345 upvotes

Dec 28th, 2014 1:39 pm

JUnit wrote: ↑Note that Tangerine will put a hold on some of your transfer for a week or so.

I have my TD LOC linked to Tangerine.

Did you use their online linking using a cheque from the LOC or have to call in? My Scotialine was not accepted. But my BMO chequing accounts were.

Dec 31st, 2014 1:29 am

JUnit: Deal Addict; Dec 28, 2007; 1033 posts; 565 upvotes

Dec 31st, 2014 1:29 am

GPS wrote: ↑Did you use their online linking using a cheque from the LOC or have to call in? My Scotialine was not accepted. But my BMO chequing accounts were.

I mailed ING (at that time) a cheque from the LOC to link the accounts. I don't think the 'small deposits' method existed then.

Sep 24th, 2021 5:28 pm

Darshan7: Sr. Member; Jul 14, 2019; 583 posts; 660 upvotes; Toronto

Sep 24th, 2021 5:28 pm

gogoblender wrote: ↑ Link the accounts first
on the left of screen click on
My info and options then Links to external accounts
you can link up to three
plug in transit, bank number and account number of the account you want to link
it will take a day or two for them to confirm the link by placing a few pennies into your external account, which you then indicate how many back into the tangerine form to confirm it's your account
Always initiate transactions from your Tangerine account first
If you pull or push from Tangerine, there's never a charge
takes about a day or two

Is this information valid as of now? especially the push/pull no charge from Tang... (TIA)

Sep 24th, 2021 5:34 pm

gogoblender: Deal Addict; Oct 7, 2012; 1692 posts; 430 upvotes; Montreal

Sep 24th, 2021 5:34 pm

Darshan7 wrote: ↑ Is this information valid as of now? especially the push/pull no charge from Tang... (TIA)

I haven't set up a new connected account for a while now… And now since Tangerine offers free emails I kind of haven't use the service anymore

Sep 24th, 2021 5:43 pm

Darshan7: Sr. Member; Jul 14, 2019; 583 posts; 660 upvotes; Toronto

Sep 24th, 2021 5:43 pm

gogoblender wrote: ↑ I haven't set up a new connected account for a while now… And now since Tangerine offers free emails I kind of haven't use the service anymore

What is this free email? you mean interact e-transfers?

Sep 24th, 2021 5:50 pm

gogoblender: Deal Addict; Oct 7, 2012; 1692 posts; 430 upvotes; Montreal

Sep 24th, 2021 5:50 pm

Sep 24th, 2021 7:37 pm

someweirdo: Deal Addict; Jul 16, 2019; 1474 posts; 1766 upvotes

Sep 24th, 2021 7:37 pm

Darshan7 wrote: ↑ Is this information valid as of now?

To link an external account on desktop, click your name in the top right, then Profile & Settings, then External Accounts. Then follow the instructions.

To do it on mobile, tap More, then Profile & Settings, then External Accounts. Then follow the instructions.

Darshan7 wrote: ↑ especially the push/pull no charge from Tang... (TIA)

That's right, Tangerine does not charge for EFTs. If your other bank charges per transaction, though, you might incur a fee there.

EFTs are most useful when you want to transfer more than $3000 or you want to set up a transfer for a future date. Otherwise, just do an e-transfer.

And remember that pulling money via an EFT will probably incur a ~5 business day hold.

Sep 24th, 2021 9:15 pm

Darshan7: Sr. Member; Jul 14, 2019; 583 posts; 660 upvotes; Toronto

Sep 24th, 2021 9:15 pm

someweirdo wrote: ↑
That's right, Tangerine does not charge for EFTs. If your other bank charges per transaction, though, you might incur a fee there.

EFTs are most useful when you want to transfer more than $3000 or you want to set up a transfer for a future date. Otherwise, just do an e-transfer.

And remember that pulling money via an EFT will probably incur a ~5 business day hold.

Thanks

I'm planning to transfer 50K from DUCA to Tang Saving (for 2% interest rate)

So, just add DUCA as External Ac in Tang and pull from Tang. Right?

Will I get paid Interest for those hold days? (if you know)

Sep 25th, 2021 1:17 am

someweirdo: Deal Addict; Jul 16, 2019; 1474 posts; 1766 upvotes

Sep 25th, 2021 1:17 am

Darshan7 wrote: ↑ Thanks

I'm planning to transfer 50K from DUCA to Tang Saving (for 2% interest rate)

So, just add DUCA as External Ac in Tang and pull from Tang. Right?

Yup. But the linking process will take 2-3 days, since Tangerine has to send microdeposits to your external account.