The bonus for referee and referral both is $50 now extended until August 31st. When you open a new account you will get 2.4% welcome interest rate for the first six months.
P.S. : Just received an offer by email that if three people use my Orange key as referral to sign up I will get $250 instead of $50 each for a total of usual $150 for three. I think its an awesome offer but what's in it for you.......well! you sign up under me and open an account with $100 and Tangerine will give you $50 and I will give you $25, but if I get three referrals then I will share the bonus and give each person $40 instead of $25...win, win!!