Tangerine Celebrates 20 Year Anniversary by Giving Back to Communities across Canada

National contest to award five community initiatives with cash prizes, including one grand prize of $20,000

TORONTO, May 23, 2017 /CNW/ - In celebration of its 20th anniversary,  Tangerine is launching #Tangerine20, a national contest that will call on Canadians from coast to coast to nominate a local community initiative for a chance to win one of five cash prizes, including a grand prize of $20,000.

Twenty years ago, Tangerine disrupted banking with its direct, innovative model. Since then, it has transformed from a savings bank to the leading direct bank it is today, offering a seamless Client experience and great value on Canadians' everyday banking needs. Tangerine also has an established history of giving back to communities across Canada, which is why it is celebrating its 20th milestone with the launch of #Tangerine20.

"For 20 years, we've helped empower Canadians to achieve their financial goals by earning more, saving more and keeping more of their money," said Amy Cole, Vice President Corporate Affairs at Tangerine. "To celebrate our anniversary, we're combining that commitment to Canadians with our BrightWayForward program to help a community initiative, like refurbishing a playground or planting a local green space, reach its fundraising goal a bit sooner."

From May 23 to June 16, 2017, Canadians can nominate an initiative in their community for a chance to win one of the #Tangerine20 prizes by visiting Tangerine20.ca. Entries are being accepted for the following prizes: $20,000, $10,000, $5,000 (x2), and $2,000. Tangerine will announce the top 20 finalists on July 6, when Canadians can begin voting for their favourite initiative at tangerine.ca/tangerine20. The five #Tangerine20 winners will be announced on August 9, 2017 on Tangerine's Facebook page.

Tangerine is also offering special 20th anniversary promotions for new Clients, with up to $150 in Bonuses to open your first Account. The first 5,000 people to find the hidden Orange Key promo code in Tangerine's new commercial and use it to open their first Tangerine Account will receive an additional $20 Bonus for a total of $170 in Bonuses.* Tangerine is also offering up to $250 in Bonuses for existing Clients who refer three friends to the bank.**

More information and the contest Rules and Regulations can be found at tangerine.ca/tangerine20 and on Tangerine's Facebook page.

About Tangerine
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With over 2 million Clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning Client service. From no-fee daily chequing and high-interest savings accounts, Credit Card, GICs, RSPs, TFSAs, mortgages and mutual funds through its subsidiary, Tangerine Investment Funds Ltd., Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations, Kiosks and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

*To earn the $20 Cash Anniversary Bonus, you must become a New Tangerine Client using the Orange Key "2020" and successfully open your first Tangerine Savings Account, Tangerine RSP Savings Account, Tangerine Tax-Free Savings Account or Tangerine Chequing Account with a minimum initial deposit of $100 by June 9th, 2017. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. The $20 Cash Anniversary Bonus is limited to the first 5000 New Tangerine Clients to use the Orange Key "2020" between May 16, 2017 and June 9, 2017. Bonus deposits will be made to your first opened Tangerine Account within thirty days of Account opening. Limit of one (1) $20 Cash Anniversary Bonus per Client. Where two New Tangerine Clients open one joint account using the Orange Key "2020" only one (1) $20 Cash Anniversary Bonus will be paid to that account. Full Account Terms and Conditions are available here. To earn the $25 Chequing Account Bonus, you must become a New Tangerine Client using the Orange Key "2020" and successfully open your first Tangerine Chequing Account with a minimum initial deposit of $100 by August 31, 2017. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. Bonus deposits will be made to your first opened Tangerine Account within thirty days of Account opening. Limit of one (1) $25 Chequing Account Bonus per Client. For joint accounts only the person whose name appears first on the Bank statement (the "Primary Account Holder") will be eligible to receive the $25 Chequing Account Bonus. Full Account Terms and Conditions are available here. To earn the $25 Savings Account Bonus, you must become a New Tangerine Client using the Orange Key "2020"and successfully open your first Tangerine Savings Account, Tangerine RSP Savings Account or Tangerine Tax-Free Savings Account with a minimum initial deposit of $100 by August 31, 2017. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. Bonus deposits will be made to your first opened Tangerine Account within thirty days of Account opening. Limit of one (1) $25 SAV Account Bonus per Client. For joint accounts only the person whose name appears first on the Bank statement (the "Primary Account Holder") will be eligible to receive the $25 Savings Account Bonus. Full Account Terms and Conditions are available here. To earn the $100 Payroll Bonus, which is available between May 16, 2017 and August 31, 2017, you must: (1) be a New Tangerine Client as of May 16, 2017, (2) have switched your first eligible payroll direct deposit by August 31st, 2017, (3) have subsequent payroll direct deposits continue for at least 3 consecutive months, and (4) satisfy all Offer Terms and Conditions. Only Clients who have never received a Bonus related to switching their payroll direct deposits are eligible for the $100 Bonus. Bonus(es) will be paid to the Client's Tangerine Chequing Account in the subsequent month following the satisfaction of these conditions. The Offer will only be applicable to Tangerine Chequing Accounts where the eligible Client is the Primary Account Holder. Full offer Terms and Conditions are available here.

** This is a limited time promotion. For existing Clients to earn $50 for each friend that becomes a new Tangerine Client, new Tangerine Clients must complete the following actions ("All Actions"): successfully open their first Tangerine Account (excluding Tangerine Money-Back Credit Card), make a minimum deposit of $100 and enroll using a Refer a Friend Orange Key between May 16, 2017 and August 31, 2017 (the "Offer Period"). To earn an additional $100 Bonus, three friends must become new Tangerine Clients and complete all Actions within the Offer Period. Only one (1) $100 Bonus will be paid to each existing Client. New Clients must never have had an ING DIRECT or Tangerine Account. Accounts are deemed successfully opened when the new Client has satisfied the Account Terms and Conditions and the Account is without restrictions. Referral Bonus deposits will be made within 30 days of the new Client completing All Actions, and will be paid into your non-registered Tangerine Savings Account or Tangerine Chequing Account. If you don't have either Account, you'll need to open one so that we can make the deposit automatically. After the Offer Period, the Limited Time $50 Refer a Friend Bonus will end, to be replaced with the standard Refer a Friend Bonus of $25, which will be reinstated ongoing for future referrals. Tangerine reserves the right to end the Offer Period earlier or to extend the Offer Period further at its absolute discretion. Once the Refer a Friend Orange Key has been submitted, it can't be reversed. Additional conditions and restrictions apply as set out in our Account Terms. Detailed Offer Terms and Conditions are available at tangerine.ca/referafriend/termsandconditions. This offer is limited to Tangerine Clients who have joined the bank before May 16, 2017. This offer can't be combined with any other Tangerine enrollment Bonus offer.

SOURCE Tangerine

For further information: Derek Kirk, Corporate Communications, dkirk@tangerine.ca, 416 316 0149

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