Name: Tangerine Bank

Products: Personal banking

Headquartered In: Toronto, Ontario

Where to Buy: Online

Website: tangerine.ca

Canadian Owned: Publicly traded on TSX (subsidiary of Scotiabank)

Originally, Tangerine Bank was established as ING Direct Canada in 1997. However, it was acquired by Scotiabank in 2012 and later rebranded as Tangerine in 2014. Tangerine is headquartered in Toronto, Ontario, like so many other Canadian banks. It is a fully online-only bank, offering no in-person services.

Tangerine mainly caters for personal customers, providing no-fee bank accounts and competitive interest rates. Since its acquisition, Tangerine has become one of the most popular online banks in Canada, with its user-friendly internet and mobile platforms. Business customers should note that while they can have a business savings account with Tangerine, they will need to have a separate business chequing account elsewhere.