ING Direct has changed its name to Tangerine. The name change is the result of ING Direct’s sale by ING Groep to the Bank of Nova Scotia (TSX:BNS) in 2012. Toronto-based Tangerine will continue to operate as a wholly owned subsidiary of Scotiabank.

“Our approach to delivering banking has always been progressive and our bold new name, Tangerine, is reflective of our commitment to empower, inspire and motivate people and their money,” says Peter Aceto, president and CEO of Tangerine.

“We will continue to make banking simple, offer great interest rates, fair fees and award-winning customer service.”

Tangerine is the first Canadian bank to launch a fully responsive website, tangerine.ca, which will provide one consistent website experience regardless of the device used to access the site.

In June, clients will be able to make free withdrawals and deposits at Scotiabank ABMs, allowing them to access their Tangerine accounts at nearly 4,000 ABMs across Canada. Fee-free withdrawals will also be available via ABMs located at Shell, 7-Eleven, Cineplex Theatres and Couche-Tard convenience stores.

There will be no changes to client numbers, account numbers, PINS or passwords.

Clients will also be able to make fee-free withdrawals from nearly 50,000 cash machines in over 40 countries worldwide via the Global ATM Alliance.

“Tangerine has a very distinct and innovative business model that has been contributing steadily to the evolution of Canada’s banking industry for almost two decades,” says Anatol von Hahn, group head of Canadian banking at Scotiabank. “We are committed to preserving everything that Canadians have come to love about the brand over the past 17 years, and look forward to supporting Tangerine as it grows.”

To celebrate the launch of Tangerine, the bank is offering a promotional interest rate of 2.5% on net new deposits into a Tangerine Savings Account between April 8 and June 30. Clients are also able to earn up to $150 in cash bonuses: $50 for opening their first savings account, $50 for opening their first chequing account and $50 for switching their payroll for the first time into the Tangerine Chequing Account by July 31.