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Tangerine Bank , a subsidiary of ScotiaBank ( the third-largest financial

institution in Canada ), was acquired in 2012 , making it one of the oldest digital banks on the Top 10 list . Due to the backing of a larger traditional bank , Tangerine offers users a wider range of services than the traditionally specialised offerings from independent banks . A money back credit card , low-fee investing , business accounts , chequing accounts , GICs , Mortgages and tax-free savings accounts are among a few of the products on offer .

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