Investing

Tangerine Investments question

  • Last Updated:
  • Jun 3rd, 2019 7:43 pm
[OP]
Deal Addict
Oct 18, 2014
2697 posts
2609 upvotes
Oakville, ON

Tangerine Investments question

I intend to put down on a lump sum in some tangerine investment funds. My question is, has anyone been able to secure a bonus of some sort when transferring/depositing funds into tangerines investment portfolio. I.e... match bonus deposit 10% , fees waived first 6 months etc ??? Anyone been successful
11 replies
Sr. Member
Jun 28, 2018
634 posts
388 upvotes
Toronto
mrfrugal83 wrote: No one ?
Couldn't wait 19 minutes for a response? Lol

They have promos sometimes, but if none now then you might need to wait until one comes up. From the example below it was around August to October.

https://forums.redflagdeals.com/tangeri ... 0-2219273/
The Distracted Investor

Dividends through quality companies 😃 Though I usually lose money with trades :facepalm:
[OP]
Deal Addict
Oct 18, 2014
2697 posts
2609 upvotes
Oakville, ON
andrew4321 wrote: Good one Smiling Face With Open Mouth And Smiling Eyes
It’s an “example” not that anyone would get that... I did read somewhere here though people have been able to secure bonuses with lump sum deposits into tangerine investments...
[OP]
Deal Addict
Oct 18, 2014
2697 posts
2609 upvotes
Oakville, ON
johnnychi wrote: Couldn't wait 19 minutes for a response? Lol

They have promos sometimes, but if none now then you might need to wait until one comes up. From the example below it was around August to October.

https://forums.redflagdeals.com/tangeri ... 0-2219273/
No too ansty lol how about through customer reps outside their promotion period ?
Sr. Member
Jun 28, 2018
634 posts
388 upvotes
Toronto
Yea, that's always a possibility of calling. If anything they might let you know approximately when is their next promo
The Distracted Investor

Dividends through quality companies 😃 Though I usually lose money with trades :facepalm:
Deal Addict
User avatar
Nov 26, 2003
2030 posts
262 upvotes
Canada
I don't believe I've seen the bonuses you asked about. Tangerine's promotional bonus is a usually a slightly higher rate of return when you put the money into one of their savings accounts.
Sr. Member
Nov 6, 2015
742 posts
342 upvotes
Guelph, ON
There actually was one promotion a while back, I had to log in to my account to remember the details (I had planned to make the investment anyways, so this was just a bonus on top).

Based on the transaction amounts, it looks like it was a 1% bonus. The conditions were you had to keep the money in for a few months to get the bonus. I made the investment July 16, and bonus amount was deposited Sep. 28.

I don't recall any new offers since then. I think it might have been just for registered accounts.
Sr. Member
Nov 6, 2015
742 posts
342 upvotes
Guelph, ON
POLTROJAN wrote: You people actually believe that stuff?
Believe what? That banks sometimes pay bonuses? I've received them multiple times over the past couple of decades, so yes, I do believe.
Deal Addict
Mar 8, 2013
2490 posts
1203 upvotes
JoeBlack23 wrote: There actually was one promotion a while back, I had to log in to my account to remember the details (I had planned to make the investment anyways, so this was just a bonus on top).

Based on the transaction amounts, it looks like it was a 1% bonus. The conditions were you had to keep the money in for a few months to get the bonus. I made the investment July 16, and bonus amount was deposited Sep. 28.

I don't recall any new offers since then. I think it might have been just for registered accounts.
2 out of 3 family member have received this 1% bonus offer at different times in the last couple of years. In the first case, the bonus was paid in extra units. In the second case, it was paid into a savings account. I don't think that there is any way of 'waiving fees' since they are built into the index fund, and I've never heard of anyone receiving 10%.

The bonuses I refer to were not for a lump sum, but for total in a time period, deposits. My strategy was always to open the account with a small amount, early in the day, because Tangerine would not guarantee that we receive "today's" price. Then once the account is open, I would make more deposits on other days before 2 PM, which was their cut-off time. In today's online world, there is really no need to restrict yourself to a lump sum deposit.

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