ING Bank of Canada,[1] operating as ING Direct (1997–2012)
Company type
Subsidiary
Industry
Financial services
Founded
1997; 27 years ago (1997)
Headquarters
3389 Steeles Avenue East,
Toronto, Ontario
,
Canada
Key people
Gillian Riley (CEO)
Number of employees
1,165 (2023)[2]
Parent
Scotiabank
Subsidiaries
Tangerine Investment Funds
Website
tangerine.ca
Tangerine Bank (operating as Tangerine) is a Canadian direct bank that is a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates (GICs), mortgages and mutual funds (through a subsidiary). Many savings and investment products are eligible for registration under a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).[3]
The bank was founded by ING Group in April 1997 as ING Bank of Canada (operating as ING Direct).[1] In November 2012, it was acquired by Scotiabank.[4] The new name for the bank was revealed in November 2013, and the Tangerine branding was rolled out beginning in April 2014.[5]
Although now wholly owned by Scotiabank, Tangerine remains a separate legal entity and thus kept its unique Institution Number (614), with all accounts being under a single transit number (00152).[6]
^ abRobert D. Klassen; Larry J. Menor (2006). Cases in Operations Management: Building Customer Value Through World-Class Operations. SAGE Publications. p. 69. ISBN 978-1-4129-1371-3.
^Cite error: The named reference pas-2023 was invoked but never defined (see the help page).
^"Home: Tangerine". Tangerine Bank. Retrieved 18 February 2017.
^Cite error: The named reference scotia-acq was invoked but never defined (see the help page).
^"ING DIRECT to change its name to Tangerine". Newswire.
^"Contact Us". Tangerine.ca. Retrieved March 12, 2021.
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