Overall it's a pretty good deal, no fee accounts, unlimited etransfers, decent credit card, good customer support, things like that. Back when I was shopping for no fee accounts this was the best deal there was.
That’s all standard in the UK, why are US banks so different?
Low/no fees mostly. A standard bank account at the big banks gives you few Interac transactions, for example, unless you either pay $12.99 a month or have >$3,000 in your account at all times. Tangerine provides unlimited Interac payments on a chequing account with no monthly fee.