Tangerine, which is a subsidiary of Scotiabank, has made Interac e-Transfers from its web, iOS and Android apps free.
The company previously charged $1 for each Interac e-Transfer.
Tangerine’s website now reads: “Great news, Interac e-Transfer is now free! So add this to your list of great reasons to open a Tangerine Chequing Account for all of your everyday banking needs.”
A number of major banks including RBC, TD, BMO, CIBC and Scotiabank got rid of their Interac e-Transfer fees for some accounts and it seems that Tangerine has finally followed suit.