Canadians Think Friday is the Best Day of the Week

Tangerine makes Fridays even better with bonus paydays and #TangerinePaydays contest

TORONTO, Aug. 22, 2014 /CNW/ - A new survey finds that the majority of Canadians (77 per cent) agree Friday is the best day of the week, and Tangerine wants to make it even better with Friday Bonus Paydays. Canadians who sign up for a Tangerine Chequing Account (or who already have a Tangerine Chequing Account) and transfer their payroll direct deposits to that account, can now receive up to $120 in $10 Friday Bonus Paydays.*

"We are rewarding our clients with a bonus payment each week over three months, rather than giving them a lump sum bonus, so that it feels like a payday in between paydays," said Andrew Zimakas, chief marketing officer at Tangerine. "Not only do clients save fees and time with a Tangerine Chequing Account, but now they get a few extra dollars that they can use to brighten their day, or add to their savings."

When asked what they would be most likely to do with an extra $10 on a Friday, most Canadians polled would either put the money towards a great meal (34 per cent) or buy a bottle of wine (20 per cent), while close to a third (29 per cent) said they would save it.

Now Tangerine is asking all Canadians to show what they would do with a $10 Friday Bonus Payday for the chance to win a $10 bonus into their account every Friday for one year.** Entries into the contest must be submitted by photo, video or text on Twitter, Facebook, or Instagram using the hashtag #TangerinePaydays. A lucky winner will be selected each Friday for 10 weeks after the contest launches on August 25, 2014.  

In order to collect the contest prize, winners must have a Tangerine Chequing Account. For full contest details, visit Facebook.com/TangerineBank starting on August 25, 2014.

To receive the full bonus of $120, the client's first payroll deposit must be received by October 31, 2014 and payroll deposits must continue for three consecutive calendar months. For more information about the promotion, visit tangerine.ca.

Survey Methodology
From July 23 to July 24, 2014 an online survey was conducted among 1,502 randomly selected Canadian adults who are Angus Reid Forum panelists. The margin of error—which measures sampling variability—is +/- 2.5%, 19 times out of 20. The results have been statistically weighted according to education, age, gender and region (and in Quebec, language) Census data to ensure a sample representative of the entire adult population of Canada. Discrepancies in or between totals are due to rounding.

About Tangerine
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With more than 1.9 million clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning client service. From no-fee daily chequing and high-interest savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and mobile app to our 24/7 contact centres and our Café locations. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary. For more information, visit tangerine.ca

Follow us on Twitter @TangerineBank.

The 'Tangerine' trademarks are owned by The Bank of Nova Scotia and used under license. Forward Banking is a registered trademark of Tangerine Bank.

* To receive the full Bonus of $120, existing Tangerine Clients who already have a Tangerine Chequing Account must: have their first payroll direct deposit(s) received in their Tangerine Chequing Account between August 1, 2014 and October 31, 2014 (the "Offer Period"); and deposit at least one (1) payroll direct deposit(s) each calendar month for three consecutive months. New Tangerine Clients must open their first Tangerine Chequing Account within the Offer Period in addition to the above requirements in order to receive the full Bonus. If payroll direct deposit(s) are not received each calendar month or are stopped within the three month minimum requirement, Bonus deposits will be stopped and the Client will not qualify for future Bonus payments. Bonus deposits will all be paid into the same Tangerine Chequing Account. To qualify, Clients must never have received a Bonus related to switching their payroll direct deposits at any time. Limit of $120 in Bonuses per person. This offer may be subject to change. A full list of qualifying payroll direct deposits and detailed Offer Terms and Conditions can be found at: tangerine.ca/payday/termsandconditions. This offer cannot be combined with any other Tangerine Chequing Account offers.

** No Purchase Necessary. Contest begins on August 25, 2014 at 12:00:01 a.m. Eastern Time ("ET") and ends on October 31, 2014 at 11:59:59 p.m. ET (the "Entry Period"). 10 prizes with an approximate value of $520 each are available to be won. Contest not open to Quebec residents. To win, entrants must submit a qualifying Entry Post during the Entry Period and correctly answer a mathematical skill testing question. Odds of winning depend on the number of eligible Entry Posts received. A maximum of fifteen (15) Entry Posts per entrant will be accepted during the Entry Period. Full contest rules available at: Facebook.com/TangerineBank starting on August 25, 2014

SOURCE: Tangerine

Cayley Kochel, Tangerine, 416-497-5157 ext. 4013, [email protected]