Founded in 2014, Tangerine is one of the pioneer digital banks in Canada. With a no-fee chequing account, high-interest savings and other banking products that compete well with some of the big banks, Tangerine is one of the best online banks in the country.
So if you have a Tangerine no-fee chequing account, and looking to access all your banking information, the Tangerine void cheque may be all you need.
With a void cheque, you will save yourself time and potential errors when trying to set up a direct deposit and automated payments from your account.
So how do you get the Tangerine void cheque? How do you read it? Keep reading to find out.
About Tangerine No-Fee Chequing Account
Before we get into it, let’s go over a review of the Tangerine no-fee chequing account.
The Tangerine no-fee chequing account operates like other chequing accounts from the Big banks but without a monthly fee.
Other notable key features of the Tangerine no-fee chequing account include:
- Free Interac e-Transfers
- Free access to Scotiabank ABMs
- Mobile and direct cheque deposit
- Overdraft protection
- Deposit protection by CDIC
Unlike many other online banks, Tangerine allows you to make online and direct cheque deposits through your account.
So if you want to share your banking information with ease, all you need is to access the void cheque and share it with your recipient. We’ll cover how to do that exactly below:
What is Tangerine Void Cheque?
A Tangerine void cheque , aka Tangerine specimen cheque, is a blank cheque that contains important banking information about your account but can’t be used to deduct money from it.
In other words, the sole purpose of the cheque is to share your banking information. And to avoid any confusion with a real cheque, the Tangerine void cheque has “VOID” boldly written on it.
All the banking information required to set up direct deposit or pre-authorized payments from your account can be found on a void cheque. This includes transit/branch number, financial institution number and account number.
The easy access to this banking information in one place makes void cheques suitable for institutions or individuals looking to make transfers or withdrawals from a chequing account.
Benefits of a Tangerine Void Cheque
Here are some of the major benefits of the Tangerine void cheque:
1. Set Up Direct Deposit
A void cheque is most often required when setting up direct deposit. Employers usually ask for a void cheque to easily access your banking information for direct deposit.
The major information they look at includes transit/branch number, financial institution number and account number. All you need is to provide your employer with a VOID cheque and you’re good to go.
2. Make Pre-Authorized Payments
When setting up pre-authorized payments from your account, you will also be required to provide your banking information.
This could be on regular mortgage repayment, credit card payments, loan payments, rent payments, utility payments and insurance premium payments.
To confirm your banking information, your financial institution may require you to provide a void cheque.
3. Condemn a Cheque
When you make a mistake when writing a cheque to the extent of finding it useless, you need to condemn the cheque before throwing it away.
Writing “VOID” on the front of the cheque will automatically make it useless and immune from fraudsters.
However, ensure that you didn’t sign the VOID cheque before throwing it away.
4. Easy Information Access
The last but not the least benefit of a void cheque is easy information access. Since a void cheque contains all the key banking information you need, you can easily share them with your recipient.
As a result, a void cheque will save you time and costly errors of manually providing your banking information.
How to Get a Void Cheque from Tangerine
As a digital bank, Tangerine makes void cheques easily accessible online. You can choose to void a paper cheque, download or print the Tangerine pre-designed void cheque online.
If you have a Tangerine chequebook, getting a void cheque becomes easier. You only need to take a copy and write “VOID” on the front. There you have a void cheque!
But if you’ve exhausted your chequebook or don’t have any before, you can get a pre-design void cheque on your Tangerine account by following the steps below:
- Log into your Tangerine online bank account
- Navigate to the “Overview” page
- Click on the Chequing account you want a void cheque from
- Click on the ‘Void Cheque’ button
- Download or print the PDF void cheque
It’s that simple! You can then send the void cheque to your recipient.
How to Read Tangerine Void Cheque
It can be confusing to understand what the numbers on the Tangerine void cheque portray.
If you’re the sender, understanding the numbers is important in knowing what you’re sending to your recipient.
It’s possible that you have all the required banking information elsewhere. But since you don’t know what they mean, you’re here looking for a void cheque.
As a recipient, understanding the numbers will save you from entering erroneous banking information that could lead to a failed transaction.
That said, only three pieces of information are usually required on a void cheque which are all located at the bottom of the cheque.
This information includes transit number, financial institution number, and account number. Some financial institutions consider other information beyond the three.
Notwithstanding, the following is an overview of the Tangerine void cheque info .
1. Tangerine Void Cheque: Transit Number
A transit number, also known as a branch number, is a 5-digit number that indicates the bank branch of a particular bank account.
However, because Tangerine is a digital bank with no branches, all its bank accounts have the same transit number of 00152.
It’s worth noting that traditional brick-and-mortar banks with branches usually have a dedicated transit number per bank branch.
2. Tangerine Void Cheque: Institution Number
The institution number, also known as the financial institution number, is a 3-digit number assigned to each financial institution in Canada. Tangerine has an institution number of 614.
Based on this, the Tangerine routing number is 00152-614 (branch number + institution number). Again, Tangerine has only one routing number since it has no branches.
For more information about Canadian bank institution numbers, check out this comprehensive article.
3. Tangerine Void Cheque: Account Number
The last information located at the bottom-left of the Tangerine void cheque is account number. This is the third most important information required on every void cheque.
Bank account numbers in Canada vary in digit per financial institution. However, all Tangerine account numbers come in 10 digits.
As you may already be aware, the bank account number identifies your number in a given bank. Without the correct account number, you can’t receive successful transfers.
Void Cheque Tangerine Alternatives
Do you know that you can get your bank branch number, financial institution number, and account number without a void cheque? Sure, you can!
Another major way you can get all your banking information is through a direct deposit form. If you set up a payroll direct deposit on Tangerine, all you need is to get a copy of the form.
There you will find your bank transit number, institution number and account number as it is on a void cheque.
But if you haven’t set up a direct deposit on Tangerine, you can also get the key banking information by contacting Tangerine. You can contact them by phone at +18888264374 or by mail.
Bear in that there are situations when providing a void cheque is a must. However, knowing the above alternatives will help you in getting your banking information in different ways.
Can I Deposit Cheque Online With Tangerine?
Sure! Tangerine is an online bank that allows you to make mobile cheque deposits online using your smartphone. This saves you time and stress from going to ABMs.
You can make online cheque deposits to your Tangerine chequing or savings account through the Cheque-In feature on the Tangerine mobile app.
All you need is to snap the front and back of the cheque and provide the required information to have the cheque deposited.
Once received, Tangerine will send you a notification confirming your deposit. However, your deposit can be accepted or rejected depending on the quality of the cheque image.
In addition, you must be physically located in Canada to make an online cheque deposit on the Tangerine app.
That said, Tangerine request the following representations and warranties when making online cheque deposit:
- The image you provided is the reflection of an original paper cheque not a printout of an electronic copy or a photocopy.
- You have not physically or electronically defaced or altered the cheque by changing the payee, increasing the amount or otherwise.
- The cheque has not been deposited or cashed out elsewhere.
- You don’t have existing images or copies of the cheque besides the one you submitted.
Some FAQs on Void Cheque Tangerine
Yes, Tangerine has a void cheque which is accessible on paper and electronically through the Tangerine online portal.
The account number on the Tangerine cheque identifies the bank number of an individual or business on Tangerine. The account numbers are 10 digits.
The account number on a Tangerine cheque is located at the bottom-left after the Tangerine institution number.
The tangerine transit number is 00152. This applies to all Tangerine bank accounts since the bank doesn’t have branches. The transit number is located at the bottom left of the cheque.
The Tangerine institution number is 614. This 3-digit code identifies Tangerine as a financial institution in Canada.
You can’t print a cheque from Tangerine but you can print a void cheque. If you want a Tangerine cheque, you need to order it through your Tangerine chequing account.
From the onset, you will get 50 cheques for free. After that, you need to pay $50 per Tangerine chequebook.
But if you want to print a Tangerine void cheque, all you need is to log in to your Tangerine account, click on the chequing account you want to print the void cheque and click on the “Void Cheque” button to print it.
Tangerine cheque cost $50 per chequebook. The fee applies after the first free 50 cheques offer.
Tangerine holds a Canadian check deposit up to five business days following the day you make the deposit. The same holding period applies to electronic funds transfers (EFTs).
If the waiting period exceeds five business days, you can contact Tangerine at 1-888-826-4374.
Final Thoughts On Tangerine Void Cheque Info
A Tangerine void cheque is easily accessible through their online banking portal. Beyond voiding your physical cheques, the bank also offers pre-designed void cheques you can access with a few clicks from your account.
But if your recipient doesn’t mind getting your banking information through other means, you have different alternatives to void cheque to consider.
Above all, ensure you provide your recipient with accurate banking information at all times to avoid failed transactions.
If you found this article helpful, please share it with your friends and other Tangerine users that may be in the same situation as you.
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