How to Open an ING Direct THRIVE Chequing Account

I am already a satisfied customer with ING Direct, now I have a savings account and some RRSP investments. Today I decided to open a THRIVE Tangerine chequing account. My procedure is a bit easier than that of a new customer who has never opened a Tangerine ING account. I will not have to show proof of my identity or send a new void cheque to link my account to my bank account at another institution. Here’s how

I opened the chequing account.

Opening a new Chequing Account at Tangerine

  1. Go to:
  2. Click on I’m a Client, Let Me In! and sign in to your existing account.
  3. From the list across the top of the screen, click on the Open a New Account tab.
  4. Click to select the radio button under Chequing.
  5. Click on the Learn More button.
    Read through the information on Features; Security; and Fees.
    Check the types and costs of fees to make sure this account will meet your needs.
  6. If it looks good, click on the Open an Account button.
    1. In the Amount field, type in the amount you’d like to fund your account with.
    2. If desired, add a Nickname by typing it in the Nickname field.
    3. In the Fund from this Account: section, from the drop-down list, select which account to add the money from. Remember if you add it from an external bank or financial institution it will be placed on hold for 5 business days (or more.) If you need to write a cheque or make a payment immediately, you will need to fund it from your Tangerine Savings account from funds that are not on hold.
    4. If desired, click on the Yes button beside the Is this a Joint Account? question. This will not be immediate. You will probably have to submit some other information.
    5. In the Contact Information field, ensure that your address and email address are correct. If necessary edit them.
  7. In the Legal section
    1. Confirm that you are the only person who will benefit from the account
    2. Choose the intended use for the account from the drop-down list. Choices include Daily Banking; Home Purchase; Retirement; Personal Savings; Purchase a Vehicle; Vacation Leisure; Education; Emergency Fund; Other
    3. Read the terms and conditions and if you agree click on the Yes button. (Or on No, if you disagree.)
    4. Click on the Next button.
  8. Confirm you want to continue creating the account.

You’re done! Go and set up some Payees for bills and pay your bills!

Would you like to order cheques for your Tangerine Account?

Simply navigate to your Chequing Account after enrollment and click on the Order my Cheques link. Your first 50 cheques are free!

The following is the Tangerine Hold Policy as of March, 2013:

“Tangerine may place holds on money deposited as outlined below:
These terms are still posted on their site on June 2014.

  • 0 business days for government cheques
  • Up to 5 business days for Electronic Funds Transfers (EFT)
  • Up to 5 business days for all cheques, drafts, and money orders and US cheques drawn from a Canadian financial institution
  • Up to 10 business days for a new external link to a business account
  • Up to 15 business days for USD deposits from outside of Canada
  • We [Tangerine] consider Saturdays, Sundays and national holidays to be non-business days.”

Related Reading

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Do you use a Tangerine Chequing account or another online chequing account? What features do you like? Please share your experiences with a comment.
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Yes, we bank with among other places. If you open your first account ever with Tangerine (or ING Direct) using our Orange Key below, and deposit $100 before January 31, 2018, you and we will both get a cash bonus of $50 each. (Yes, they did extend the promotion for another few months!) All you have to do is enter the Orange Key 46470587S1 when you are opening your Account, and you’re set to go.

Just copy our Orange Key, then click on this Tangerine link to see the details and apply for an account. (Note: it only applies to people with no existing or previous accounts with Tangerine or ING Direct.)
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4 thoughts on “How to Open an ING Direct THRIVE Chequing Account

  1. Please .. I need your expertise. I have moved to Nice France and need to open a chequing account. Would you be so kind as to tell me the first steps in doing this.
    Thank you

  2. Thanks for all the information. I finally decided to give up on my bank monthly fees and just opened up a Tangerine account. Your articles really helped me so I decided to use your Orange key as a Thank You gift.

    • Thank you very much!

      I find our Tangerine account works well and is useful. It’s not perfect but it’s better than our account at “a big 5 Canadian bank” by quite a stretch.

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