Built on Tangerine's next-generation banking platform powered by Engine by Starling, Tangerine Business delivers flexible solutions, founder-focused community and continuous innovation.
TORONTO, Oct. 5, 2026 /CNW/ -- Today, Tangerine Bank announced the launch of Tangerine Business, a new offering designed for modern entrepreneurs, bringing together banking solutions, connections, insights and support they need to help move their business forward at every stage of growth. As part of a multi-phase rollout, Tangerine Business is currently available to a select group of entrepreneurs, with broader access planned over time.
As Canada's original digital bank, Tangerine has a long history of putting client needs at the centre of banking innovation. Now, it's bringing that same challenger mindset to a new generation of entrepreneurs building businesses on their own terms. The launch marks a key milestone in Tangerine's evolution, with Tangerine Business becoming the first offering brought to life on the bank's new cloud-native core banking technology powered by Engine by Starling.
"When entrepreneurs thrive, Canada thrives," says Terri-Lee Weeks, President and CEO of Tangerine. "They are creating jobs, solving problems and driving economic growth in every corner of the country. Yet many of the systems they rely on were built for a different era. We believe it's time for a new approach, one designed around the realities of modern entrepreneurs and focused on helping business owners make real progress."
Designed for Modern Entrepreneurs
Built as a mobile-first banking experience, Tangerine Business enables entrepreneurs to access intuitive tools and solutions that provide greater flexibility and clarity as they navigate the demands of running a business.
- Tangerine Business Spending Account – For day-to-day banking, entrepreneurs can earn 1.25% interest, with no monthly account fee or minimum balance, to help power business momentum.1
- Tangerine Business Savings Account – For savings goals, entrepreneurs can earn competitive 3% interest on money they're not using today, with no monthly account fee or minimum balance, to help build value for tomorrow.2
- Tangerine Business FlexiDraft™ – Seamless access to flexible funds to support business continuity, helping entrepreneurs manage day-to-day cash flow, navigate unexpected expenses, and capitalize on opportunities as they arise.3
- Spaces – An intuitive money management feature available on Tangerine Business Accounts that helps entrepreneurs effortlessly organize their funds into dedicated buckets, making it easier to manage cash flow, plan ahead and stay in control.
Support That Goes Beyond Banking
The launch comes at a time when entrepreneurship in Canada is evolving rapidly. Tangerine's recent Modern Entrepreneur Report found that 87% of entrepreneurs surveyed value advice from people who have built businesses themselves. That's why community sits at the heart of Tangerine Business. Through bespoke events, networking opportunities, and online experiences, Tangerine is creating an ecosystem for entrepreneurs to connect, learn and grow together.
"Entrepreneurs need more than a banking relationship," said Jodi Kovitz, Managing Director, Business at Tangerine. "They need trusted insights, practical expertise and meaningful connections from people who have walked a similar path. Tangerine Business brings those elements together in one experience, helping entrepreneurs build momentum and move their businesses forward."
Founders Circle First in Line
As part of the initial rollout phase, members of the Tangerine Business Founders Circle – a group of entrepreneurs from a range of industries and business stages – will be among the first to experience this new offering. Listening to clients is the force driving Tangerine's transformation; Tangerine Business is no exception. Feedback from this first phase will help shape future enhancements and help ensure the Tangerine platform continues to evolve alongside the people it was built to serve.
Like the Modern Entrepreneur, Tangerine is Evolution in Action
The launch of Tangerine Business represents more than the introduction of a new offering; it marks the next chapter in Tangerine's broader transformation journey. It establishes a strong foundation for innovation, positioning Tangerine to anticipate evolving client needs and continue reimagining banking for Canadians.
Entrepreneurs interested in being among the next to experience Tangerine Business can join the waitlist at tangerine.ca/business.
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1 Spending Account interest rates expressed are annual interest rates and are current as of the date of this press release. Interest rates are subject to change. Interest is calculated daily and paid monthly on our Spending Accounts. Other fees apply. See Schedule of Fees for full details. |
2Savings Account interest rates expressed are annual interest rates and are current as of the date of this press release. Interest rates are subject to change. Interest is calculated daily and paid monthly on our Savings Accounts. |
3 Business FlexiDraft™ is optional and subject to approval. Eligibility requires a credit check and satisfaction of Tangerine's lending criteria. Approved limits are determined by Tangerine and may be changed, suspended, or cancelled. Interest is charged on overdrawn balances at the applicable rate and other fees may apply. Terms and conditions apply. |
™FlexiDraft is a trademark of Tangerine Bank. |
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About Tangerine Bank
Tangerine is one of Canada's leading digital banks, empowering over two million clients with the momentum to move their financial lives forward. From everyday saving and spending to borrowing and wealth building, Tangerine's products are designed to meet the unique needs of Canadians. Tangerine's commitment to putting Clients first has earned the bank recognition as the #1 Bank in Canada by Forbes in 2025 and 2026* and the most awarded midsize Bank by the J.D. Power Canada Retail Banking Satisfaction Study for 14 consecutive years as of 2025**. Tangerine Bank was launched as ING DIRECT Canada in 1997. In 2012, Tangerine was acquired by Scotiabank and operates independently as a wholly owned subsidiary. For more information, visit www.tangerine.ca or connect with us on social on Instagram, LinkedIn, or TikTok.
*Visit forbes.com/lists/worlds-best-banks/ for more info about the award methodology and banks included in the ranking. |
SOURCE Tangerine Bank
Media Inquiries: Kyla Pearson: [email protected]
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