By Scotiabank
Tangerine is a Canadian digital bank designed for consumers seeking a no-fee alternative to traditional financial institutions. It offers a comprehensive suite of banking products including chequing and savings accounts, credit cards, mortgages, and investment options like GICs and mutual funds. The platform caters to over two million clients who prefer managing their finances through online and mobile-first tools without maintaining minimum balances.
Free tier. The bank charges no monthly fees and requires no minimum balance, though it does apply a $45 fee for non-sufficient funds.
Tangerine is a digital challenger bank that signed a 10-year agreement in late 2025 to upgrade its core systems to Engine by Starling's cloud-native platform.
Tangerine added to the directory
Tangerine is a Canadian digital bank designed for consumers seeking a no-fee alternative to traditional financial institutions. It offers a comprehensive suite of banking products including chequing and savings accounts, credit cards, mortgages, and investment options like GICs and mutual funds. The
nerdwallet.comChime is a leading U.S. financial technology company and neobank designed for users seeking accessible digital banking without monthly fees or minimum balance requirements. It serves as a fee-free alternative for day-to-day money management, particularly catering to individuals who may have fair or bad credit. The platform offers mobile-first checking and savings accounts alongside tools for early direct deposit and fee-free overdraft protection.
SoFi is a digital banking platform and neobank that offers a combined checking and savings account model to help users manage their finances in one place. It is designed for consumers seeking high-yield interest rates, no monthly fees, and early access to paychecks via direct deposit. The platform reached sustained quarterly profitability in 2025 and serves as a major player in the U.S. digital banking market.
Revolut is a fully authorized UK neobank and digital money platform that provides personal and business financial services via a mobile app. It serves millions of retail customers and businesses with a suite of products ranging from multi-currency accounts and international transfers to investment options. The platform is designed for individuals seeking better money management and companies that operate across international borders.
EQ Bank is a Canadian digital challenger bank based in Toronto that offers a technology-driven alternative to traditional brick-and-mortar financial institutions. It provides a suite of personal and small business banking products, including high-interest savings, GICs, and registered accounts, designed for consumers who prefer managing their finances through a mobile app. The platform is ideal for Canadians looking to maximize interest earnings while avoiding everyday banking fees.
Varo Bank is an all-digital, nationally chartered neobank founded in 2015 to promote financial inclusion. It serves over 3 million customers by offering online checking and high-yield savings accounts with no monthly fees. The platform is designed for individuals seeking a branchless banking experience with automated tools to help grow their savings.