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Tangerine, is a subsidiary of Scotiabank, and a Canadian direct bank that offers no-fee banking services and products to Canadians. Tangerine and Toronto Raptors are collaborating to offer an interesting promotion, where new clients can earn up to $250 bonus when they sign up within 24 hours of a Raptors win.

For those not following the NBA, Toronto Raptors are leading against the Brooklyn Nets, 2-0 in a play-off series. In fact, they lead 57-42 in Game 3 as I write this post.

Tangerine and Toronto Raptors – New Promotion

Direct Link to Promotion

Tangerine and Raptors

The 2.50% interest will be available for all new clients when they open a Tangerine Savings Account and Chequing Account. Once the customer meets payroll requirements, they’ll earn a bonus. When the Raptors win, within 24 hours the bonus amount will be $250. Outside of the 24-hour period, the bonus amount will be $200.

How the online offer works:

To earn 2.50% interest

  1. Become a new Client online within 24 hours of a Raptors NBA 2020 Playoffs win using promo code ‘RAPTORSWIN
  2. Open your first eligible Savings Account and Chequing Account within 30 days
  3. Earn 2.50% interest in your Savings Account for 5 months

To get a payroll Bonus of up to $250

  1. Complete steps 1 to 3
  2. Add your payroll – have the first payroll direct deposit in your Chequing Account within 60 days of opening the Account
  3. Keep your payroll direct deposits going into your Account for at least 3 straight months and you’ll earn a $250 bonus after the 3rd month
  4. Don’t worry if you’ve entered the promo code ‘RAPTORSWIN‘ during the Playoffs but not within 24 hours of a Raptors win, you can still get a $200 payroll Bonus when you complete all the other steps

Terms and Conditions of the promotion:

The New Client 2.50% Interest Rate and Up to $250 Cash Bonus Bundle Offer (the “Offer”) is available to new Tangerine Clients who: (a) have a Client Number created between August 17, 2020 and October 14, 2020, (b) become a Tangerine Client using the Promo Code “RAPTORSWIN” within 24 hours after any win by the Toronto Raptors of a 2020 NBA Playoffs game (while the Toronto Raptors remain in the 2020 NBA Playoffs), (c) open an Applicable Savings Account within 30 days of the date their Client Number was created, and (d) open a Tangerine Chequing Account within 30 days of the date their Client Number was created (collectively the “Offer Qualifying Conditions”). The 2.50% Promotional Rate will apply to deposits made to an Eligible Client’s Applicable Savings Account(s) for 153 days (5 months) beginning on the date all Offer Qualifying Conditions have been met, to a maximum of $1,000,000 per Applicable Savings Account Type (for deposits to registered Applicable Savings Accounts made through a T2033 form, please see the full Offer Terms and Conditions). The Promotional Rate is an annualized rate, calculated daily and paid monthly. To be eligible for the $250 Cash Bonus, in addition to meeting all Offer Qualifying Conditions, an Eligible Client must switch their eligible payroll direct deposit for at least 3 consecutive months and must have the first payroll direct deposit received in their Tangerine Chequing Account within 60 days of Chequing Account opening. If the Eligible Client satisfies all of the Offer Qualifying Conditions except (b) (i.e., if the Promo Code “RAPTORSWIN” is entered during the 2020 NBA Playoffs but not within 24 hours after a win by the Toronto Raptors) the Eligible Client will receive a $200 Cash Bonus. Limit of one (1) Cash Bonus per Primary Account Holder. The Offer is only applicable to Accounts where the Eligible Client is the Primary Account Holder. Offer is not transferable and can’t be combined with other promotional savings rate offers or chequing cash bonus offers. Full Offer Terms and Conditions, including definitions of any capitalized terms and a list of eligible payroll direct deposits, are available here. Offer may be changed, extended or cancelled without notice.