Pay RBC line of Credit from Tangerine | Tangerine Bank | Discussion forum

Bass said

Hi,

I want to open a new Chequing + Saving accounts from Tangerine. I have a RBC Line of Credit that I need to pay back. (I am not using it anymore). I was wondering if there was a no fee method to pay directly from Tangerine to my RBC Line of Credit without me having to maintain any other accounts at RBC other than my line of credit. My goal is to have eventually only Tangerine.

Thank you!

Do you know transit number of your RBC line of credit account? If you have cheque of RBC LOC, you can find transit numbers. Then at Tangerine internet banking, you can add your RBC LOC as an external account. Tangerine will make two small deposits to RBC LOC. Then you enter these two to "verify" it. After that, the linkage is setup, and you can transfer money from Tangerine to RBC LOC, free of charge. (I linked my RBC Savings account toTangerine.)

Bass said

Thanks!

I do not have a cheque from my LOC but I can easily check this on RBC online to get it.

Yes, you can. If you decide to go ahead, now it is the best time to do it. They are offering $50 sign-up bonus each for opening chequing and savings accounts with $250 initial deposits (your account balance is $300).

Edited by admin: please do not post referral codes

james1988 said

Bass said

Thanks!

I do not have a cheque from my LOC but I can easily check this on RBC online to get it.

Yes, you can. If you decide to go ahead, now it is the best time to do it. They are offering $50 sign-up bonus each for opening chequing and savings accounts with $250 initial deposits (your account balance is $300).

Edited by admin: please do not post referral codes

Thanks Peter.