How would you like to get $50 completely free? Read on!
Flytrippers is an online travel media: our mission is to help you travel more, for less. We do that mainly by curating the best flight deals from Vancouver and 8 other Canadian cities on our flight deals page. Every single day, you’ll find deeply discounted flights, often up to 50% off the regular price, like Vancouver to Taiwan for $389 roundtrip.
Our second way of helping you travel more is by giving you useful tips on this blog. And the best tip we have for anyone who travels is this one: you can get $50 free and save tons of money on ATM fees with just a few of minutes of effort.
If you are like most people, you probably have a bank account that charges you a hefty fee to withdraw money using foreign ATMs. And most of those bank account charge you a monthly fee on top of that. The alternative is then to withdraw money before your trip, and carry large sums of money with you, which might not be a good idea, particularly if you are going to a less developed country. Another alternative is paying with a credit card, but they all charge a 2.5% fee for foreign transactions, and not all destinations are credit card friendly. Did you know there is a much better option?
I opened a checking account with Tangerine (a reputable Canadian bank owned by Scotiabank) for many reasons, but the main benefit for me, as a frequent traveler, is the free access to their network of more than 50,000 ATMs throughout the world. The good news is that you don’t even need to be a nomad like me to enjoy the many benefits this account offers, it’s worth using even if you travel just a couple of times a year, because it’s completely free! They are also offering $50 for free, through the referral link I’ll share later in this article, when you open an account as a new client… an account that is entirely free by the way!
I have been using Tangerine for many years now and I truly believe that it is the best bank account for travelers! Here’s why.
In addition to all the regular features that all bank accounts have in 2017, here are the main advantages of the chequing account at Tangerine:
- No fees for all your daily chequing transactions
- Free access to all Scotiabank ATMs (and there is one in 7-Eleven and Quickie convenience stores)
- Free access to the Global ATM Alliance network, which includes more than 50,000 ATMs in 40 countries without any ATM fees (more details below)
- Deposit cheques with your smartphone
- Use Apple Pay to pay with your chequing account
- Order your first 50 cheques for free
- And many more advantages, more details at the end of this article
Why is Flytrippers All of a Sudden Promoting Financial Services?
Yes, our main focus is our flight deals. And obviously, we are not financial advisors. We are only sharing our own experience, helping you save money along the way. As you may know, we’ve recently launched our Travel Hacking section, because there are ways to get free trips (flights and hotels) using credit cards… Our thinking is that if you like travelling cheap, you’ll most likely love travelling for even cheaper, and by cheaper we mean free! However, Travel Hacking, as stated in all our Travel Hacking blog posts, is only for those of you who are truly financially responsible… while this chequing account is a much more accessible and easy tip that literally everyone can enjoy!
As our goal is to help you travel more, and this account allows you to make an extra $50 for free (not too bad for the very little amount of effort required), we wanted to share this promotion before it ends in April. And in addition to getting $50, you’ll save a lot on foreign ATM fees on your next trip! Take this free $50 and if you are financially responsible, add the free $250 travel credit the Scotia Gold credit card gives you, and there’s $300 for your next flight! That’s why we love Travel Hacking.
Full disclosure, by using the referral code below, you will receive $50, and so will we. This is a great way to support Flytrippers a great way to support us if you like the deals and content that we offer, at no cost to you (you even get paid to support us actually). But as is always the case, the reason we are promoting this is that it’s a really good travel deal first and foremost!
Withdraw Money Abroad
THE single greatest advantage of this card is, as stated previously, the free access to over 50,000 ATMs in 40 countries while abroad… yes, without any fees. With other bank accounts, those fees usually range from $5 (or more) to use the ATM in addition to another $5 charged by your bank! Tangerine will save you all those costs if you use one of their partner ATMs, where you’ll be able to withdraw for free. And if you use another international ATM, their fees are among the lowest of any bank at only $2. See the full list of partner ATMs at the end of this article.
For this reason alone, if you travel outside of Canada only a couple times a year, this should be a no-brainer! And there is no need to cancel your current account if you don’t want to go through the hassle of changing everything, you can simply open a second chequing account, it’s free (that’s what I did, and Andrew, Flytrippers’ other co-founder, even has 3 different free accounts to diversify his benefits and perks).
We often get questions about the best way to save on foreign transaction fees, this tip is definitely one of the best ways to get foreign currency. That being said, it’s the same as if you were going to get foreign currencies at your bank before a trip… you’re not getting the absolute best exchange rate… but it’s by far the most practical and simple option! And definitely cheaper than paying $5-$10 for an ATM withdrawal, and better than carrying $500 around all the time in foreign countries. Don’t miss our upcoming articles on money exchange tips that will published soon on this blog.
Since I’ve discovered Tangerine, I’m completely sold to their services. In addition to the international withdrawals, that I didn’t even know about when I first opened my account years ago, their chequing account is free of transaction fees and there is no minimum balance needed! This alone should already save you around $100/year in many cases! And this account probably offers all the same features that your current account offers… with an added bonus of a free $50…
How To Get the Free $50
Simply by using the following Orange Key referral code 51604907S1 when creating your account, and that’s it! This will give you $50 for opening the account, Then, once your account is activated, simply deposit $100 from another account (free online transfer) and you’re done. You can withdraw that amount later without a problem, just wait until your free $50 to appear in your account the day after you deposit $100, as there is no other requirement.
Here’s exactly where you need to input the code for the $50:
Do you want to have a no-fee account for all your daily chequing transactions? Do you want to be able to withdraw money abroad in more than 50,000 locations without paying astronomical fees? Do you want to get 50 bucks for free? This account is for you! Don’t forget to use the Orange Key below to get the $50 bonus. It will be deposited into your account once you transfer or deposit $100 into your new account. You can read more about the advantages the Tangerine account here, and see the list of all the partner ATMs around the world here.
Want to see our current discounted plane tickets?
Click here to see our flight deals
Want more travel tips and inspiration?
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You’ll probably enjoy this article:
Travel Hacking 101: Start Here
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Advertiser Disclosure: Flytrippers receives a commission on links featured in this blog post. We appreciate if you use them, especially given it never costs you anything more to do so, and we thank you for supporting the site and making it possible for us to keep finding the best travel deals and content for you. In the interest of transparency, know that we will NEVER recommend a product or service we do not believe in or that we do not use ourselves, as our reputation and credibility is worth far more than any commission. This principle is an essential and non-negotiable part of all our partnerships: we will never give any third-party any control whatsoever on our content. For more information on our advertiser disclosure, click here.
Travel Hacking Disclaimer: Flytrippers does not give financial advice. You should ensure travel hacking fits your personal situation and obtain professional advice if you so desire. Flytrippers may receive a commission for referrals, however, our policy is to only recommend products or services we really believe in (and have ourselves). To read more about our disclaimer, click here.