Author Topic: Tangerine Business Acct - BEWARE  (Read 2460 times)

Mighty Eyebrows

  • 5 O'Clock Shadow
  • *
  • Posts: 41
  • Location: Vancouver Island, Canada
Tangerine Business Acct - BEWARE
« on: May 10, 2019, 02:21:03 PM »
Our family has two small businesses and had a Tangerine business account (until this week).

Tangerine have been changing their document requirements and asked for updated shareholder information. Since one of our businesses owns over 25% of the other one, they have decided to kill our account. We have been with them for over 15 years (since the ING days). It seems they only want to deal with the simplest of small businesses, so if you have anything other than vanilla ownership structure, be prepared to have your account shuttered.

I will miss the high-interest savings account for short-term stuff, but there are other options. The one silver lining is that the phone support guy (David) was very good to deal with, but the decision was out of his hands.