Tangerine Exchange Rates Overview

Tangerine, a subsidiary of Scotiabank, was originally ING Direct when it launched in April 1997. Despite limited physical locations, Tangerine still offers many of the services offered by other banks, including mortgages, lines of credit, credit cards, chequing and savings accounts, investment accounts, GICs, and several registered accounts. Currently, Tangerine offers a USD savings account with no monthly fees or minimum balances.

Bank Exchange Rates Markup % Source Potential Savings when buying $10,000 USD with KnightsbridgeFX.com
Tangerine 2.25 % Tangerine Exchange Rates $175
BMO – Bank of Montreal 2.65% BMO Exchange Rates $235
RBC – Royal Bank of Canada 2.60% RBC Exchange Rates $230
TD – Toronto Dominion Bank 2.64% TD Bank Exchange Rates $234
CIBC – CIBC Bank 3.34% CIBC Foreign Exchange Rates $304
Scotia – Scotia Bank 2.88% Scotia Bank Foreign Exchange Rates $258
HSBC – HSBC Bank 2.10% HSBC Foreign Exchange Rates $180
Desjardins 2.49% Desjardins Foreign Exchange Rates $219

Tangerine is a completely online service, with 5 physical locations throughout Canada. You can contact Tangerine about their exchange rates and other exchange services at 1-888-826-4374. This may be a convenient option if you already have an account with them and are looking for a smaller amount of foreign currency for travelling.

Accessing Tangerine’s Exchange Rates

Tangerine posts their foreign exchange rates online. Remember that the “Buying” rate is what the customer will pay for the US dollar, and the “Selling” rate is what the customer will receive for their US dollars. Additionally, individuals must have a Tangerine account to access these exchange rates.

Alternatives to Tangerine’s Foreign Exchange Services

There are several alternatives to Tangerine available to you when evaluating where you should conduct your foreign exchange transactions. All five major Canadian banks (BMOCIBCRBCScotiabankTD) offer foreign exchange services. You can access the resources at the bottom of this page to compare Tangerine’s exchange rates with that of the other big banks, as well as most major credit unions. If you are looking to do a currency transaction for a larger amount ($2000+), you should shop around in order to ensure you get the best foreign exchange rate. At KnightsbridgeFX we offer a best rate guarantee, beating bank rates by 1-2%. If you are looking to make a larger transaction, give us a call at 1-877-355-5239 to get a free, no-obligation comparison quote.

Compare Other Tangerine Products

Tangerine offers a full complement of financial services, including bank accounts, lines of credit, registered accounts, credit cards, GICs, mortgages, and money transfers. Compare your current provider for the aforementioned financial services to Tangerine’s offerings to ensure your financial needs are being met in the best possible way.

More on Tangerine Bank 

Tangerine was established in 1997, under the original name, ING Direct. Tangerine provides a wide breadth of service to over 2 million customers, with approximately $38 billion in total assets. Tangerine Bank is a wholly-owned subsidiary of The Bank of Nova Scotia.

Exchange Rates from Other Financial Institutions

RBC Exchange Rates Overview Scotiabank Exchange Rates Overview
TD Exchange Rates Overview HSBC Exchange Rates Overview
BMO Exchange Rates Overview National Bank Exchange Rates Overview
Desjardins Exchange Rates Overview