Tangerine Credit Card is a popular choice among Canadians and International students for its no fee and cashback benefits. Many people use it as their primary credit card for everyday purchases and bill payments. However, if you happen to have an account with another bank, you might be wondering how to pay off your Tangerine Credit Card. In this article, we will guide you on how to pay your Tangerine Credit Card from another bank.
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How To Pay Tangerine Credit Card From Another Bank: Step By Step Guide
Log in to Your Online Banking Account
The first step is to log in to your online banking account with your other bank. This could be any bank that you have an account with, such as CIBC, TD, etc. Make sure you have your login credentials handy.
Step 2: Navigate to the Bill Payment Section
Once you’re logged in, navigate to the bill payment section of your online banking portal. This is typically found in the main menu or dashboard of your account.
Step 3: Add Tangerine as a Payee
Next, you’ll need to add Tangerine as a payee. This is usually done by searching for “Tangerine” in the list of available payees and selecting “Tangerine Credit Card.”
Step 4: Enter Your Tangerine Credit Card Number
After adding Tangerine as a payee, you’ll need to enter your Tangerine credit card number as the account number. This ensures that the payment is directed to the correct account.
Step 5: Enter the Payment Amount
Now, you’ll need to enter the amount you wish to pay towards your Tangerine credit card. Make sure to double check this amount before proceeding.
Step 6: Finalize the Payment
Finally, follow the instructions provided by your bank to finalize the payment. This usually involves confirming the payment details and clicking a “Submit” or “Confirm” button.
Important Considerations
While this process is straightforward, there are a few important things to keep in mind. First, automatic payments can only be set up from a Tangerine account. If you want to set up automatic payments, you might need to open a chequing or savings account with Tangerine.
Second, always check with your bank for any possible fees associated with making a bill payment to another bank. Lastly, ensure that you make the payment a few days before the due date to allow for processing time.
There are some other methods you can also use it for your convenience. Here are some of them:
1. Set up a Pre-Authorized Debit (PAD) from your other bank account
The easiest and most convenient way to pay your Tangerine Credit Card from another bank is by setting up a Pre-Authorized Debit (PAD). This allows you to automatically pay your credit card bill every month from your other bank account. To do this, you will need to log in to your other bank’s online banking or visit a branch and provide them with your Tangerine Credit Card number and the amount you would like to pay. Once set up, the payment will be deducted from your account on the due date every month.
2. Make a bill payment through online banking
Another way to pay your Tangerine Credit Card from another bank is through online banking. Most banks in Canada allow you to make bill payments to other financial institutions. You will need to add Tangerine Credit Card as a payee and provide your credit card number. Once added, you can schedule a one-time or recurring payment to your credit card.
3. Use Interac e-Transfer
Interac e-Transfer is a secure way to transfer money between different banks in Canada. If your other bank account supports Interac e-Transfer, you can add your Tangerine Credit Card as a recipient and make a payment directly from your online banking. However, keep in mind that some banks may charge a fee for this service.
4. Set up a Tangerine External Account
If you have multiple bank accounts, you can also set up your Tangerine Credit Card as an external account. This will allow you to transfer funds from your other bank account to your Tangerine Credit Card through Tangerine’s online banking platform. After setting up the transfer, the funds will be available in your credit card account within two business days.
5. Make a payment at a Tangerine Cafe
If you live near a Tangerine Cafe, you can make a payment in person by visiting the cafe and using their ATM or talking to a representative. The cafe has extended hours and is open on weekends, making it a convenient option for those who are unable to make payments during regular business hours.
6. Set up automatic transfers from another bank
Lastly, you can set up automatic transfers from your other bank account to your Tangerine Credit Card. This works similar to the PAD option, but instead of setting it up through your other bank, you can set it up through Tangerine’s online banking. You can choose the frequency and amount of the transfer, making it a hassle-free way to make your credit card payments.
How To Check Your Tangerine Credit Card Balance
In today’s digital age, keeping track of your credit card balance is a breeze, especially with Tangerine’s user friendly online platform. To check your Tangerine credit card balance, simply log in to your Tangerine account.
Once logged in, navigate to your Credit Card Account under the list of your accounts. From there, select ‘Account Details’ to view your current balance. It’s important to remember that as the Primary Cardholder, you’re responsible for the entire balance on your Credit Card Account, including any charges made by Authorized Users.
Tangerine ensures your account’s security by requiring a special six-digit PIN code and a 2-step authentication process, where a text message is sent to the mobile phone number associated with your account. With these simple steps, you can easily manage your Tangerine credit card balance anytime, anywhere.
How Can You Set Up Automatic Payments With Your Tangerine Credit Card
With Tangerine, you can set up automatic payments for your credit card, but it’s important to note that this can only be done from a Tangerine bank account. To set this up, you would need to log in to your Tangerine account and select the “Move Money” function. From there, you can choose to transfer funds from your Tangerine bank account to your credit card.
You have the flexibility to set the transfer to occur each month on the statement due date, immediately, or once on a specific date. However, Tangerine does not support Pre-Authorized Debit (PAD) from any external bank accounts. If you wish to set up automatic payments from an external bank account, you might need to manually transfer the funds each month. This ensures that you stay on top of your credit card payments and maintain a healthy credit score.
In conclusion, paying your Tangerine Credit Card from another bank is easy and can be done through various methods. You can choose the method that is most convenient for you, whether it is setting up automatic payments, making bill payments through online banking, or visiting a Tangerine Cafe. With these options available, you can ensure that your credit card payments are made on time and avoid any late fees or interest charges.
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